Lease Management
Lease accounting records what a lease costs; lease management decides what it costs in the first place and keeps it from drifting. These articles cover the decision to lease, negotiating and comparing terms, controlling spend once the lease is live, tracking the dates that trigger renewals and penalties, and holding the underlying data somewhere the accounting team can actually use.
35 articles across 5 groups.
Start here Lease Tracking Software for Critical Dates and ASC 842What a lease register needs to hold, and why critical dates are the part portfolios lose money on.
Decide and negotiate
The questions to settle before signing, and how to compare one deal against another.
- Lease vs. Buy: Key Considerations for Your Business DecisionWhen it comes to acquiring assets for your business, such as office space, equipment, or vehicles, one of the fundamental decisions you'll face is …
- Equipment as a Service: Is It a Lease Under ASC 842?Equipment-as-a-Service (EaaS) shifts equipment acquisition from ownership to a subscription-based model, aligning costs with usage and offering …
- How to Evaluate Leasing Alternatives: Important FactorsEvaluating Leasing Alternatives Many times when lessees are presented with the need to evaluate equipment or real estate leasing alternatives, the …
- Negotiating Lease Contracts: A CFO's Tax PerspectiveFor a Chief Financial Officer (CFO), understanding the intricacies of lease contracts is paramount. Not only do these contracts dictate the terms of …
- Tips to Compare Leases Effectively in NegotiationsIn a previous Blog posting, we introduced our readers to the Lease Analysis component of iLeasePro, our comprehensive lease management technology …
Control the cost
Where lease spend leaks, and what to review to find it.
- Effective Cost Control for Efficient Lease ManagementCost management in lease accounting is essential for minimizing expenses and ensuring compliance with standards like ASC 842 and IFRS 16. This blog …
- Hidden Lease Costs: OpEx, CAM and Audit Risk ExplainedHidden lease costs often stem from provisions buried in contracts—such as CAM charges, gross-ups, admin fees, and uncapped escalations. If mismanaged, …
- Smart Ways to Optimize Your Lease Portfolio EffectivelyAs a lessee, optimizing your lease portfolio involves strategically managing your leases to maximize efficiency, reduce costs, and minimize risks. …
- Top Lease Management Challenges & SolutionsExplore the top challenges companies face in lease management, including ASC 842 compliance, data silos, and manual errors, and learn how to turn each …
- Avoid Overpayments by Properly Managing Your Lease PortfolioOverpayments in lease management often result from mismanaged data, billing errors, unutilized options, and overlooked market changes. Strategies like …
- Cost Analysis vs. Lease Accounting (ASC 842) + ExampleUnderstand what cost analysis and lease accounting each do, how they reinforce one another, and the risks of separating them. Includes a 5-year …
- Cost Savings from Cloud-Based Lease ManagementDiscover how cloud-based lease management solutions can drive cost savings and efficiency for your business.
Track dates and obligations
Renewals, notice periods and the documentation an auditor will ask for.
- Lease Documentation and Compliance: The Link ExplainedWe all know that documentation and compliance has become extremely important in our current business environment, i.e., clear and complete …
- ASC 842 Audit Checklist: Evidence, Controls & AutomationLearn what auditors look for under ASC 842, common compliance pitfalls, and how automation can simplify audit readiness and strengthen your lease …
- Critical Date Notifications in Lease ManagementIn lease management, critical date notification refers to the process that alerts the involved parties about important dates and deadlines related to …
- Avoid Lease Issues by Tracking Critical DatesMissing lease renewals due to dates can have several consequences for companies, and the trends among such companies may vary depending on the …
Centralize the data
One register the accounting team can rely on, rather than a folder of PDFs and a spreadsheet.
- Key Benefits of Centralized Contract Management SolutionsCentralized contract management solutions in the cloud offer several benefits to organizations, including: Accessibility: With a cloud-based solution, …
- Cybersecurity Best Practices for Lease Management SystemsAs lease management systems evolve, so do the cybersecurity risks tied to sensitive lease data. This article explores practical data protection …
- Boost ROI: Automate Lease Data Entry & Save Time & CostsManually entering lease data is time-consuming and error-prone. Automating with an import feature saves hours, improves accuracy, and reduces costs. …
- Centralized Lease Repository for Property ManagementA centralized lease data repository is critical for a property manager for several reasons: Efficiency: A centralized system consolidates all lease …
- The Benefits of Cloud Lease Accounting for Property ManagersThere are several benefits of a cloud lease accounting and lease management solution for property managers, including: Improved accuracy: Cloud lease …
- Efficient Lease Management with Advanced TechnologyLessees often underestimate the transformative power of technology when it comes to effectively managing their lease portfolios. Within the complex …
- Discover Effective Tools for Lease Management and AccountingWe have some exciting news to share with all of our readers. iLease Management LLC will soon launch a lease management and accounting tool that will …
- The Benefits of Automating Lease Management ProcessesThe importance of an automated Lease Management process During challenging economic times like these, it is critically important that property lease …
- The Future of Property Management: Adopting Lease SolutionsDiscover how modern lease management solutions are transforming property management for enhanced client success.
- Why Spreadsheets Fail for ASC 842 Lease ManagementThe FASB and the IASB (“the Boards) held a joint meeting on October 22, 2014 to continue deliberating the proposals in the May 2013 Exposure Draft, …
- iLeasePro Earns AICPA SOC 1 Type 1 AttestationiLease Management LLC and iLeasePro have attained SOC 1 Type 2 certification, validating operational controls and strengthening client trust. This …
What it does to the accounts
How a management decision shows up in the financial statements, and where it lands by industry.
- How ASC 842 Affects Debt-to-Equity RatiosIn the past, we have discussed various aspects of the new lease accounting standard that is currently being jointly proposed by both the FASB and the …
- Lease Expense Classification and Its Far-Reaching ImpactThe revised Exposure Draft on proposed Lease Accounting Changes issued in May 2013 (“the Revised ED”) contains provisions on expense classification …
- Lease Accounting Changes and the Hospitality IndustryLease accounting, particularly as it relates to lessee accounting, has been a controversial topic for a number of years. The fact that a lessee under …
- Lease Accounting Changes and Their Impact on BanksExplore lease accounting changes' impact on the banking sector. Uncover implications, compliance shifts, and strategic adjustments.
- Whitepaper: Lease Accounting Changes and BankingUnderstand lease accounting's impact on the banking sector. Explore implications, changes, and strategies for successful adaptation.
- Lease Management Tips for Lessees and TenantsLease management is a fundamental skill for lessees, allowing businesses to access assets and properties without the burden of ownership. Whether …
- FASB and IASB Joint Meeting: Important HighlightsRecap the October 22, 2014 Joint FASB and IASB Meeting. Explore key discussions, decisions, and insights shared during the meeting.
- FASB PIR: ASC 842 Costs Exceeded Expectations for CFOsFASB’s review of ASC 842 found implementation and application costs were significantly higher than expected, even as investors favored balance sheet …
Tour of iLeasePro
Schedule a Demo
Check Out Knowledge Base