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iLeaseXpress: Affordable ASC 842 Solution for Small Portfolios
Lease Management LLC is excited to offer iLeaseXpress, a cost-effective lease accounting cloud solution that helps businesses move away from outdated spreadsheet-based processes. iLeaseXpress is the perfect solution for companies with under 15 leases and looking for an affordable, user-friendly tool that ensures full compliance with the ASC 842 lease accounting standard. iLeaseXpress is Free for companies with up to 5 leases starting at just $99 per month…
iLeasePro Offers Free Demo for Lease Accounting Solutions
iLease Management LLC, the company behind iLeasePro, a leading cloud-based lease accounting and management solution, is thrilled to announce a special offer of free demonstrations for businesses seeking a fresh approach to lease management…
iLeasePro Earns AICPA SOC 1 Type 2 Certification for Data Integrity
iLease Management LLC, a leading provider of lease management solutions for lessees, proudly announces that it has achieved the SOC 1 Type 2 certification for its operations and its flagship ASC 842 lease accounting software, iLeasePro. This significant achievement highlights iLease Management’s dedication to the highest security, reliability, and operational excellence standards….
iLeasePro Simplifies Onboarding with Smart Data Import
iLease Management LLC is excited to unveil the latest advancement in the iLeasePro Lease Management solution: the innovative ‘Smart’ Lease Data Import Service. This state-of-the-art addition is a testament to our unwavering dedication to delivering capabilities that are not only user-friendly but also precise and economical…..
iLeasePro Enhances Dimension Integration with Sage Intacct
iLease Management LLC, (“iLease”) the provider of the iLeasePro cloud-based lease management and lease accounting solution, is excited to announce the launch of a significant enhancement to its integration with Sage Intacct, the best-in-class cloud financial management system. This upgrade represents a major step forward in continuing to simplify the lease accounting processes for businesses of all sizes, offering unprecedented efficiency…
Mastering Lease Management: Tips for Lessees and Tenants
Lease management is a fundamental skill for lessees, allowing businesses to access assets and properties without the burden of ownership. Whether you’re a small business owner or a corporate entity, understanding the intricacies of lease agreements is crucial for efficient operations and financial stability. In this blog, we’ll explore some essential tips for lessees to…
Lease vs. Buy: Making the Right Decision for Your Business
When it comes to acquiring assets for your business, such as office space, equipment, or vehicles, one of the fundamental decisions you’ll face is whether to lease or buy. The correct choice depends on various factors, including your business’s financial situation, long-term plans, and specific needs. Here are some key factors to consider in the…
Managing Leap Days in ASC 842 Accounting
The ASC 842 lease accounting standard, which governs the accounting for leases, emphasizes the importance of accurately recognizing lease expenses and liabilities over the lease term. Accounting for different days in the months, especially leap day, is critical in this context for several reasons: 1. Lease Expense Allocation: Lease expenses must be allocated over the…
Integrating Agile and Lean Accounting in Lease Accounting
Integrating Agile thinking and Lean methodologies into lease accounting can transform how organizations manage and report their lease obligations and assets. This approach enables more responsive, efficient, and compliant lease accounting practices. Integrating Agile and Lean in Lease Accounting Integrating Agile and Lean into lease accounting not only streamlines the accounting process but also creates…
Lease Accounting: Current Trends and Future Outlook
The landscape of financial accounting for leases has undergone significant changes with the implementation of ASC 842, a standard issued by the Financial Accounting Standards Board (FASB). This standard, which focuses on lease accounting, has brought about considerable shifts in how entities recognize, measure, and report leases on their financial statements. With the horizon stretching…
Leveraging AI for Year-End Audits in Lease Accounting
As we approach the close of another fiscal year, businesses are gearing up for the annual audit—a critical period of financial reflection and compliance. In the midst of this, the nuanced sphere of lease accounting often emerges as a complex challenge. But what if Artificial Intelligence (AI) could transform this daunting task into an opportunity…
Blockchain in Lease Accounting: Practical Uses Today
Blockchain: The Lease Accounting Superhero Let’s dive into something that’s buzzing in the finance tech world - blockchain. And before you think it, nope, it’s not just for those riding the crypto wave. Blockchain is staking its claim in the world of lease accounting, and it’s not here to play; it’s here to revolutionize. What’s…
AI's Real Impact on Lease Accounting Today
AI: Your New Lease Accounting Sidekick Alright, let’s switch gears and chat about something straight out of a sci-fi movie – Artificial Intelligence (AI). But we’re not talking about those ’take-over-the-world’ robots. Nope, we’re talking about super-smart AI systems that are about to become your new best friends in lease accounting. Reading Leases Like a…
Mobile Integration: Access Lease Accounting Anywhere
Lease Accounting Isn’t Chained to the Desk Anymore Welcome to the era where the office isn’t a place, it’s a concept. And in this world, being able to do lease accounting from your mobile phone isn’t just cool, it’s essential. Gone are the days when you needed to be at your desk to get the…
Data Analytics: Shaping the Future of Lease Accounting
The Crystal Ball of the Digital Age Today, we’re spilling the beans on data analytics and its game-changing role in lease accounting. Imagine having a crystal ball that not only predicts the future but also gives you actionable insights. That’s data analytics for you, not mystical, but magical in its own right. Crunching Numbers Like…
Cloud Computing: Efficient Lease Data Management
The Game Changer in Lease Data Management Today, let’s chat about something that’s revolutionizing the way we handle lease data: Cloud computing. It’s way more than just the latest tech craze; it’s a complete game changer. Imagine this: all your lease information, safe and sound in the cloud, accessible whenever and wherever you need it….
Lease Accounting’s Digital Makeover: What’s New and Why It Matters
Today We Are Talking Tech in Lease Accounting! Welcome to the world where tech meets lease accounting! It’s a lot cooler than it sounds, trust me. You know how everything’s going digital these days? Well, lease accounting is hopping on that bandwagon too. We’re talking cloud computing, AI, blockchain, data analytics, and mobile integration -…
Year-End Close: Efficient Lease Accounting Practices
Creating an efficient and accurate year-end close process for lease accounting is essential for businesses to ensure compliance with financial reporting standards and maintain operational efficiency. Here’s a guide that outlines the steps and tasks involved in this process and also highlights how iLeasePro, a comprehensive lease management and accounting software, can assist in streamlining…
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