# iLeasePro

> Cloud-based lease accounting software designed for ASC 842 compliance, helping mid-market companies automate lease management, eliminate spreadsheet chaos, and streamline audit processes.

iLeasePro serves private companies managing 25-500 leases across real estate, equipment, and vehicles. We provide an affordable, user-friendly alternative to enterprise solutions like LeaseQuery and CoStar, with transparent pricing, faster implementation (live in under a week), and dedicated support for controllers and CFOs navigating lease accounting complexity.

## Product Overview

- [iLeasePro Platform](https://ileasepro.com/): Complete lease accounting solution for ASC 842 compliance
- [ASC 842 Software Features](https://ileasepro.com/asc-842-software/): Automated classification, ROU assets, lease liabilities, and journal entries
- [Lease Classification](https://ileasepro.com/asc-842-lease-classification/): Automated finance vs operating lease determination under ASC 842
- [Journal Entry Automation](https://ileasepro.com/asc-842-journal-entries/): Auto-generated monthly journal entries with GL integration capabilities
- [Disclosure Reporting](https://ileasepro.com/asc842-disclosure-footnote/): Pre-formatted ASC 842 footnote disclosures for audits
- [Lease Portfolio Management](https://ileasepro.com/centralized-lease-portfolio-making-asset-management-easier/): Centralized view of all leases
- [Critical Date Tracking](https://ileasepro.com/critical-date-tracking/): Automated alerts for renewal dates, expirations, and key lease milestones
- [Month-End Close](https://ileasepro.com/month-end-close/): Streamlined processes for accurate monthly lease accounting
- [Pricing](https://ileasepro.com/pricing/): Transparent per-company and per-lease pricing starting at $99/month
- [iLeaseXpress](https://ileasexpress.com/): Affordable solution for companies with 15 or fewer leases

## Use Cases & Industries

- [Equipment Lease Software](https://ileasepro.com/equipment-lease-software/): IT hardware, manufacturing equipment, medical devices, and machinery
- [Lease Types Overview](https://ileasepro.com/types-of-leases/): Finance leases, operating leases, and classification guidance
- [Embedded Leases](https://ileasepro.com/asc842-embedded-leases/): Identifying and accounting for hidden leases in service contracts
- [Real Estate Lease Analysis](https://ileasepro.com/blog/lease-analysis-understanding-the-basics-and-implications/): Commercial property and multi-location portfolio management
- [Fleet Management](https://ileasepro.com/blog/mastering-fleet-vehicle-lease-analysis/): Company cars, trucks, and vehicle lease accounting
- [Healthcare Lease Accounting](https://ileasepro.com/blog/healthcare-lease-accounting-asc-842/): Medical equipment and facility management for healthcare
- [Manufacturing Lease Analysis](https://ileasepro.com/blog/mastering-manufacturing-lease-analysis/): Production equipment and facility lease accounting
- [Hospitality Lease Analysis](https://ileasepro.com/blog/mastering-hospitality-lease-analysis/): Hotel and restaurant equipment and facilities
- [Nonprofit Partnership](https://ileasepro.com/blog/ileasepro-announces-partnership-with-jmt-consulting-to-provide-asc-842-lease-accounting-to-the-non-profit-community/): Solutions for budget-conscious nonprofits

## Technical Documentation

- [Implementation Guide](https://ileasepro.com/implementation/): Step-by-step onboarding process from data import to go-live
- [Acumatica Integration](https://ileasepro.com/blog/ileasepro-partners-with-acumatica-to-deliver-an-integrated-asc-842-lease-accounting-solution/): ERP integration for mid-market cloud systems
- [Sage Intacct Integration](https://ileasepro.com/blog/ileasepro-announces-enhanced-dimension-integration-with-sage-intacct/): Enhanced dimension mapping and synchronization
- [API Integration](https://ileasepro.com/blog/why-api-integration-with-erp-systems-is-crucial-for-lease-accounting/): Connecting lease accounting with ERP systems
- [Smart Data Import](https://ileasepro.com/blog/ileasepro-enhances-onboarding-with-smart-lease-data-import/): Automated lease data import with validation
- [SOC 1 Type 2 Certification](https://ileasepro.com/blog/aicpa-soc1-type-1-ileasepro/): Data security and compliance certifications

## Knowledge Base

- [Ultimate Guide to ASC 842](https://ileasepro.com/asc-842-complete-guide/): Comprehensive overview of ASC 842 standard and requirements
- [ASC 842 Glossary](https://ileasepro.com/asc-842-glossary-of-terms/): Key terms and definitions for lease accounting
- [Incremental Borrowing Rate](https://ileasepro.com/asc-842-relevant-borrowing-rate/): Understanding and calculating discount rates for leases
- [IBR Calculation Methods](https://ileasepro.com/approaches-to-determine-incremental-borrowing-rate/): Different approaches to determining IBR
- [Calculate IBR Guide](https://ileasepro.com/blog/calculate-the-incremental-borrowing-rate/): Step-by-step IBR calculation methodology
- [Lease Modifications](https://ileasepro.com/asc842-modifications-and-remeasurement/): Accounting for lease changes and remeasurements
- [Variable Lease Payments](https://ileasepro.com/asc842-variable-payments/): Percentage rent and index-based escalations
- [Short-Term Leases](https://ileasepro.com/asc842-short-term-leases/): Practical expedient for leases 12 months or less
- [Practical Expedients](https://ileasepro.com/asc842-practical-expedients/): Available shortcuts for ASC 842 implementation
- [Modified Retrospective Approach](https://ileasepro.com/asc842-modified-retrospective-approach/): Transition method for ASC 842 adoption
- [Balance Sheet Impact](https://ileasepro.com/balance-sheet-asc-842-lease-accounting/): How ASC 842 affects the balance sheet
- [ASC 842 Audit Readiness](https://ileasepro.com/blog/asc-842-audit-readiness-checklist/): Prepare for external audits with organized documentation
- [Right-of-Use Asset Calculation](https://ileasepro.com/blog/rou-asset-calculation/): Understanding ROU asset components and computation
- [Common ASC 842 Mistakes](https://ileasepro.com/blog/10-common-asc-842-lease-accounting-mistakes/): Avoid these frequent errors in lease accounting
- [Financial Ratios Impact](https://ileasepro.com/blog/asc842-impacts-on-financial-ratios-and-covenants/): How lease capitalization affects EBITDA and covenants
- [Internal Controls](https://ileasepro.com/blog/implementing-top-10-lease-accounting-internal-controls-to-ensure-success/): Essential controls for compliance and accuracy
- [Lease Abstraction Services](https://ileasepro.com/lease-abstracting/): Professional lease data extraction from complex agreements
- [Top 10 Accounting Reports](https://ileasepro.com/blog/top-10-accounting-reports/): Essential lease accounting reports for financial analysis
- [Passing ASC 842 Audits](https://ileasepro.com/passing-asc-842-audit/): Strategies for successful audit outcomes
- [ASC 842 Compliance Date](https://ileasepro.com/when-is-the-asc842-compliance-date/): Understanding effective dates and transition requirements
- [Transitioning to ASC 842](https://ileasepro.com/transitioning-to-the-asc842/): Complete guide to adoption and implementation

## Financial Reporting

- [Financial Reporting Overview](https://ileasepro.com/financial-reporting/): ASC 842 impact on financial statements
- [Balance Sheet Presentation](https://ileasepro.com/financial-reporting-balance-sheet/): ROU assets and lease liabilities presentation
- [Income Statement Impact](https://ileasepro.com/financial-reporting-income-statement/): Lease expense recognition and presentation
- [Cash Flow Statement](https://ileasepro.com/financial-reporting-cash-flow/): Classification of lease payments in cash flows
- [Financial Statement Notes](https://ileasepro.com/financial-reporting-notes/): Required disclosures and footnotes
- [Management Discussion & Analysis](https://ileasepro.com/financial-reporting-management-discussion/): MD&A considerations for leases

## Software Comparisons

- [Lease Accounting Software Alternatives](https://ileasepro.com/lease-accounting-alternatives/): Sourced, dated comparisons; every competitor claim links to that vendor's own page or its Capterra profile
- [FinQuery (LeaseQuery) vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/finquery/): FinQuery publishes a price only for portfolios of 15 leases or fewer; above that it is quote-only. Capability rows come from both vendors' Capterra profiles
- [Occupier vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/occupier/): Occupier serves commercial tenants with 30+ leases and publishes a per-lease, per-module pricing model but no figures
- [Trullion vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/trullion/): Trullion is a broad AI accounting platform where lease accounting is one workflow, aimed at large teams and audit firms
- [Netgain NetLease vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/netgain/): NetLease is embedded in NetSuite and aimed at accounting teams at growing, publicly traded companies
- [EZLease vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/ezlease/): EZLease is now an insightsoftware product with a separate lessor module, and quotes on request
- [Cradle Accounting vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/cradle/): Cradle publishes real prices up to 20 leases with unlimited users and a 30 day trial; above 20 leases it quotes on request
- [Accruent Lucernex vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/accruent/): Lucernex is an enterprise real estate lifecycle suite where lease accounting is one module; quoted on request
- [Leasecake vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/leasecake/): Leasecake serves multi-unit operators and prices as a share of rent, stated as less than 1%, with no figures published
- [Nakisa vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/nakisa/): Nakisa builds for portfolios of 1000+ leases at global enterprises, with native SAP, Oracle and Workday integration
- [Black Owl vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/black-owl/): Black Owl publishes five plan names but no prices, and covers lessor as well as lessee accounting under ASC 842, IFRS 16 and ASPE 3065
- [LeaseCrunch (Crunchafi) vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/leasecrunch/): LeaseCrunch now trades as Crunchafi and sells mainly to CPA firms; it publishes the pricing model, priced per lease per year, but no figures
- [Visual Lease vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/visual-lease/): Visual Lease quotes on request at every portfolio size and its Capterra profile records no free trial; capability rows come from both vendors' Capterra profiles
- [LeaseAccelerator vs iLeasePro](https://ileasepro.com/lease-accounting-alternatives/leaseaccelerator/): LeaseAccelerator states it scales from 100 leases to more than 100,000 and is now an insightsoftware product; capability rows come from both vendors' Capterra profiles

## Company Information

- [About iLease Management](https://ileasepro.com/about/): Company background, mission, and team
- [Contact & Support](https://ileasepro.com/contact/): Get help from lease accounting experts
- [Partners Program](https://ileasepro.com/partners/): Partnership opportunities and ecosystem
- [CPA Advisor Program](https://ileasepro.com/blog/ileasepro-advisor-program-for-cpa-and-accounting-firms/): Partnership program for accounting firms
- [Frequently Asked Questions](https://ileasepro.com/faq/): Common questions about features, pricing, and implementation

## Optional

- [Blog](https://ileasepro.com/blog/): Latest articles on lease accounting, compliance, and best practices
- [Knowledge Base](https://ileasepro.com/knowledge-base/): Comprehensive lease accounting education and resources
- [Tax Implications](https://ileasepro.com/blog/tax-implications-of-asc-842-lease-accounting-standards/): Understanding tax treatment of leases under ASC 842
- [EBITDA Impact](https://ileasepro.com/blog/asc842-impacts-ebitda-based-loan-covenants/): How ASC 842 affects EBITDA and loan covenants
- [Loan Covenants](https://ileasepro.com/blog/asc842-impacts-loan-covenants/): Understanding lease impact on debt covenants
- [AI in Lease Accounting](https://ileasepro.com/blog/artificial-intelligence-in-lease-accounting-more-than-just-a-cool-sci-fi-concept/): Leveraging AI for lease management efficiency

## ASC 842 Standards & Classification

- [Lease Accounting Process Flow: End to End Under ASC 842](https://ileasepro.com/blog/lease-accounting-lifecycle/): This comprehensive visual shows exactly how ROU assets, lease liabilities, interest expense, and amortization flow through each stage from transaction …
- [FASB ASC 842 Roundtable: Key Takeaways](https://ileasepro.com/blog/fasb-asc-842-roundtable-takeaways/): On September 12, 2025, the FASB held a public roundtable to review the effectiveness of ASC 842. Stakeholders discussed benefits, costs, and continuing …
- [ASC 842 Six Years Later: Transparency Wins, Costs Rise](https://ileasepro.com/blog/fasb-asc-842-six-years-later-meeting/): Six years on, ASC 842 delivers real transparency—bond markets price lease risk, banks assess credit more accurately, and analyst forecasts improve. But private …
- [15 Accounting Roles in ASC 842/IFRS 16 Lease Accounting](https://ileasepro.com/blog/lease-accounting-and-supporting-roles/): Discover how lease accounting compliance and insights depend on every finance role. This guide shows contributions, impacts, risks, collaboration, and strategic …
- [Cost Analysis vs. Lease Accounting (ASC 842) + Example](https://ileasepro.com/blog/asc842-lease-accounting-and-cost-analysis/): Understand what cost analysis and lease accounting each do, how they reinforce one another, and the risks of separating them. Includes a 5-year equipment lease …
- [ASC 842 Sale-Leaseback: Journal Entries and Risks](https://ileasepro.com/blog/what-sellers-of-a-sale-leaseback-should-know/): Under ASC 842, sale-leasebacks move owned property off the books and bring right-of-use assets and lease liabilities onto the balance sheet. This article …
- [CPA's Avoiding ASC 842 Audit Failures](https://ileasepro.com/blog/cpa-the-fear-of-failing-an-audit/): Audits under ASC 842 can be challenging, but with the right strategies, you can avoid errors and ensure compliance. Discover how centralized lease data, …
- [Strategic Adjustments in Quarterly Ratios with ASC 842](https://ileasepro.com/blog/how-quarterly-ratio-impact-analysis-supports-strategic-adjustments-under-asc-842/): Quarterly Ratio Impact Analysis (QRIA) offers insights into how ASC 842 affects financial ratios like debt-to-equity and ROA, allowing organizations to identify …
- [Automation: The Key to ASC 842 Lease Compliance](https://ileasepro.com/blog/accurate-lease-payment-recognition-for-asc-842-compliance-with-automated-payment-scheduling/): Accurate recognition of lease payments, especially accruals, is crucial for ASC 842 compliance. Automated payment scheduling eliminates manual adjustments, …
- [A Year-End Communication Plan for ASC 842 Compliance](https://ileasepro.com/blog/year-end-communication-plan-for-asc-842-compliance/): As the fiscal year draws to a close, a structured year-end communication plan becomes essential to address lease accounting challenges under ASC 842. This post …
- [How ASC 842 Affects Company KPIs and Performance Metrics](https://ileasepro.com/blog/understanding-asc842-lease-accounting-impact-on-company-performance/): The ASC 842 lease accounting standard has transformed how leases impact the financial statements and performance indicators of companies. Explore the effects of …
- [Leap Days and Month Variability in ASC 842 Explained](https://ileasepro.com/blog/accounting-for-leap-days-and-variable-month-lengths-under-the-asc-842-standard/): The ASC 842 lease accounting standard, which governs the accounting for leases, emphasizes the importance of accurately recognizing lease expenses and …
- [Lease Accounting: Trends Today and What’s Ahead](https://ileasepro.com/blog/lease-accounting-now-and-future-trends/): The landscape of financial accounting for leases has undergone significant changes with the implementation of ASC 842, a standard issued by the Financial …
- [Using AI in Year-End Lease Accounting Audits](https://ileasepro.com/blog/leveraging-ai-for-enhanced-year-end-audits-a-strategic-approach-to-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 …
- [Practical Applications of Blockchain in Lease Accounting](https://ileasepro.com/blog/blockchain-in-lease-accounting-beyond-the-bitcoin-buzz/): 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 …
- [Access Lease Accounting on the Go with Mobile Integration](https://ileasepro.com/blog/mobile-integration-taking-lease-accounting-wherever-you-go/): 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 …
- [Transforming Lease Accounting with Data Analytics](https://ileasepro.com/blog/data-analytics-peering-into-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 …
- [Efficient Lease Management with Cloud Computing Solutions](https://ileasepro.com/blog/cloud-computing-your-lease-datas-new-best-friend/): 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 …
- [Lease Accounting's Digital Shift: What Changed](https://ileasepro.com/blog/lease-accountings-digital-makeover-whats-new-and-why-you-should-care/): 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 …
- [Navigating Tax Implications of ASC 842: A Guide for CFOs](https://ileasepro.com/blog/mastering-tax-implications-of-asc-842-why-cfos-must-consult-tax-experts-and-key-questions-to-ask/): The ASC 842 lease accounting standard, which mandates significant changes in how companies recognize and report their lease obligations, has far-reaching …
- [CFO’s Training Guide: Mitigating Tax Risks with ASC 842](https://ileasepro.com/blog/mitigating-tax-risks-with-asc-842-training-a-cfos-guide-to-navigating-lease-accounting-complexities/): The ASC 842 lease accounting standard, introduced by the Financial Accounting Standards Board (FASB), brought forth a paradigm shift in the way companies …
- [Sublease Strategy Under ASC 842: A CFO's Guide](https://ileasepro.com/blog/strategizing-subleases-under-asc-842-a-cfos-guide-to-minimize-tax-exposure-and-maximize-efficiency/): In the multifaceted realm of lease accounting, subleases represent a unique area of focus, especially with the enforcement of the ASC 842 standard. For a Chief …
- [Lease Modifications and Tax Exposure: A CFO's Guide](https://ileasepro.com/blog/optimizing-tax-exposure-with-timely-lease-modifications-a-cfos-guide-to-asc-842-compliance/): In the dynamic environment of modern business, lease agreements aren't always static. They can be frequently modified to reflect changing business conditions or …
- [Mastering IBR Under ASC 842 to Reduce Tax Exposure](https://ileasepro.com/blog/mastering-the-ibr-under-asc-842-key-strategies-to-minimize-tax-exposure-in-lease-accounting/): The introduction of the ASC 842 lease accounting standard has undeniably ushered in a new era of transparency and rigor in how companies account for their lease …
- [Lease Re-evaluation and Tax Liabilities Under ASC 842](https://ileasepro.com/blog/strategic-lease-re-evaluation-how-cfos-can-optimize-tax-liabilities-under-asc-842/): In the intricate financial landscape navigated by Chief Financial Officers (CFOs), every decision has a ripple effect on a company's bottom line. One of the …
- [8 Tax Strategies for Private Companies Under ASC 842](https://ileasepro.com/blog/lease-accounting-top-8-strategies-for-private-companies-to-minimize-tax-expsosure/): Implementing the ASC 842 lease accounting standard can be complex, and it's essential for private companies to understand its implications and potential …
- [Mitigating Tax Implications in ASC 842 Lease Accounting](https://ileasepro.com/blog/asc-842-lease-accounting-navigating-the-tax-implications-and-mitigation-strategies/): ASC 842 is the lease accounting standard issued by the Financial Accounting Standards Board (FASB) that requires lessees to recognize assets and liabilities for …
- [Tax Implications of ASC 842 Lease Accounting](https://ileasepro.com/blog/understanding-the-tax-implications-of-asc-842-lease-accounting-changes/): The introduction of ASC 842 brought about significant changes to how companies account for leases in their financial statements. While the primary focus of ASC …
- [Creating a Culture of Continuous Improvement in Accounting](https://ileasepro.com/blog/fostering-excellence-building-a-culture-of-continuous-improvement-within-your-accounting-department/): In the ever-evolving world of finance and accounting, the pursuit of excellence and efficiency is a constant endeavor. Building a culture of continuous …
- [Exploring the Trends Shaping the Future of Lease Accounting](https://ileasepro.com/blog/trends-shaping-lease-accounting-and-management-a-glimpse-into-the-future/): The world of lease accounting and management is ever-evolving, with innovative approaches surfacing to match the shifting economic landscape. Understanding …
- [Explained: ASC 842 Lease Accounting Example Scenario](https://ileasepro.com/blog/31/): The ASC 842 Lease Accounting Standard was introduced by the Financial Accounting Standards Board (FASB) to establish new guidelines for lease accounting. …
- [Correct Lease Classification Steps for ASC 842](https://ileasepro.com/blog/asc842-lease-classification/): The ASC 842, or Accounting Standards Codification Topic 842, is the accounting standard for lease accounting in the United States. It was issued by the …
- [How CPA Firms Grow Revenue with ASC 842 Services](https://ileasepro.com/blog/unlocking-revenue-growth-how-cpa-firms-can-boost-mrr-with-asc-842-lease-accounting-solutions/): CPA firms can increase their Monthly Recurring Revenue (MRR) by providing ASC 842 Lease Accounting solutions for private company clients. By offering expert …
- [AI in Lease Accounting: Navigating Implementation Challenges](https://ileasepro.com/blog/navigating-the-risks-the-challenges-of-implementing-ai-in-lease-accounting/): While AI offers numerous benefits for lease accounting, there are also potential risks and challenges that organizations should consider when implementing …
- [How AI Is Changing Lease Accounting Workflows](https://ileasepro.com/blog/revolutionizing-lease-accounting-the-transformative-impact-of-artificial-intelligence/): AI will likely have a significant impact on lease accounting in several ways, as it has the potential to enhance efficiency, accuracy, and compliance. Some …
- [Why Spreadsheets Pose Risks for ASC 842 Lease Accounting](https://ileasepro.com/blog/six-reasons-not-to-use-spreadsheets-for-lease-management-and-accounting/): While spreadsheets are widely used for various tasks in accounting, they may not be the ideal tool for complying with the ASC 842 lease accounting standard. …
- [Five Ways to Simplify Workflows Using Lease Accounting](https://ileasepro.com/blog/5-way-to-minimize-workflow-by-using-a-lease-accounting-solution/): A lease accounting solution can help minimize workflow in several ways: Automated data entry: A lease accounting solution can automate data entry by importing …
- [ASC 842 Risk-Free Rate Election for Private Companies](https://ileasepro.com/blog/asc-842-relevant-borrowing-rate/): Private companies may elect a risk-free rate instead of determining an incremental borrowing rate under ASC 842. It removes the hardest judgement in lease …
- [Lease Accounting Explained: Key Concepts](https://ileasepro.com/blog/introduction-to-lease-accounting-an-overview-of-lease-accounting-its-importance-and-how-it-differs-from-traditional-accounting-practices/): Lease accounting is a critical aspect of financial reporting that helps companies manage their leases effectively. It is a method of accounting for the rights …
- [Accounting for Future CPI Increases with ASC 842](https://ileasepro.com/blog/asc-842-accounting-for-future-cpi-increases-that-may-not-be-known/): When the future CPI rates are not known, ASC 842 requires lessees to estimate the future CPI rates to account for the CPI increase in rent. The estimate should …
- [Accounting for Acquisitions Simplified Under ASC 842](https://ileasepro.com/blog/accounting-for-acquisitions-under-the-asc-842/): Accounting for an acquisition under the ASC 842 Lease Accounting Standard involves several steps, including identifying and evaluating the leases associated …
- [FASB ASC 842: Improving Lease Accounting Standards](https://ileasepro.com/blog/how-will-the-new-guidance-improve-lease-accounting/): The FASB Accounting Standards Update (ASU) for topic ASC 842, Lease Accounting, became effective at the end of 2021 for all reporting periods after December 15, …
- [ASC 842 Impact on Hospitality Industry Lease Accounting](https://ileasepro.com/blog/the-impact-of-the-asc-842-lease-accounting-standard-on-the-hospitality-industry/): The ASC 842 Impact to the Hospitality Industry whitepaper dives into the details and offers an example of what one might consider a typical situation may the …
- [Steps for Transitioning Equipment Leases to ASC 842](https://ileasepro.com/blog/transitioning-equipment-leases-to-the-asc-842-lease-accounting-standard/): If you're a business owner or a professional responsible for managing commercial equipment leases, you understand the complexities and challenges that come with …
- [CPA Firm Clients: ASC 842 Software Implementation Framework](https://ileasepro.com/blog/what-can-a-cpa-firms-clients-expect-in-terms-of-implementation-of-the-software/): Understand ASC 842: The first step, which is the most challenging, is understanding the requirements of ASC 842. It is a radical departure from past practice. …
- [Who Might Not Benefit from Lease Accounting Software?](https://ileasepro.com/blog/are-types-of-businesses-that-are-probably-not-good-candidates-for-a-lease-accounting-software/): While lease accounting software can be highly beneficial for many businesses, there are some types of businesses that might not be good candidates for this …
- [Which Businesses Benefit Most from Lease Software](https://ileasepro.com/blog/what-size-and-types-of-businesses-will-best-benefit-from-using-lease-accounting-software-why/): A company with more than ten active leases must consider a lease accounting solution. The new accounting standard requires more sophisticated financial …
- [CPA Guide: Transitioning Clients to ASC 842](https://ileasepro.com/blog/transitioning-clients-to-the-fasb-asc842-lease-accounting-standard-a-guide-for-advisory-firms/): Lease accounting has indeed undergone significant changes with the implementation of ASC 842 Lease Accounting Standard, and it is essential for accountants, …
- [COVID-19 and Lease Accounting Under ASC 842](https://ileasepro.com/blog/impacts-of-covid-19-on-lease-accounting-asc-842/): As the world continues to grapple with an invisible enemy, our daily lives aren’t all that have been impacted. Companies as a whole have been unable to collect …
- [Identifying Embedded Leases in ASC 842 Contracts](https://ileasepro.com/blog/asc-842-changes-identification-of-embedded-leases/): We previously discussed how FASB had discussed changes in ASC 842: Lease Accounting in Rate Implicit in the lease as well as the determination of IBR. The board …
- [Lessee Guide: Implicit Rate vs. IBR in ASC 842 Compliance](https://ileasepro.com/blog/changes-in-asc-842-topic-lessee-application-of-rate-implicit-in-the-lease-is-the-use-of-ibr-enough/): In a previous post, we discussed how FASB is finalizing a change in ASC 842: Lease Accounting. As it stands, the change is set to impact every business that …
- [Choosing the Ideal Incremental Borrowing Rate Under ASC 842](https://ileasepro.com/blog/asc-842-changes-would-a-specific-incremental-borrowing-rate-be-better/): The problem of determining the rate implicit in a lease also presented a concern that most preparers used the incremental borrowing rate (IBR) as the discount …
- [FASB ASC 842 Transition Guide for Private Companies](https://ileasepro.com/blog/private-companies-transitioning-to-the-fasb-asc-842-standard-changes-in-2019/): The experiences of public companies in transitioning to the ASC 842 lease accounting standard have underscored the complexities and potential pitfalls of the …
- [Key Challenges in Implementing the Lease Accounting Standard](https://ileasepro.com/blog/new-lease-accounting-standard-implementation-challenges/): A survey on the impact of the new lease accounting standard (as it pertains to lessees) was recently completed and its results validated some of the feedback …
- [Understanding Executory Costs in the ASC 842 Lease Standard](https://ileasepro.com/blog/new-lease-standard-focus-on-executory-costs/): One of the areas of the new lease standard that has not received that much attention is executory costs. However, as lessees consummate new leases that must be …
- [Technology Requirements for the New Lease Standards](https://ileasepro.com/blog/the-new-lease-accounting-standards-and-technology-requirements/): Earlier this week, I participated on a webinar on the new lease accounting standards. The webinar was given by one of the major accounting firms and was …
- [How to Implement the New Lease Accounting Standard](https://ileasepro.com/blog/implementing-the-new-lease-accounting-standard/): Leases (Topic 842) was issued by the Financial Accounting Standards Board (“FASB”) in February 2016 and represented a rather substantial change in how leases …
- [Transition Options Under the Lease Accounting Standard](https://ileasepro.com/blog/new-transition-option-for-lease-standard/): The Financial Accounting Standards Board (FASB) has recently taken a significant step in easing the transition to the new lease accounting standard by issuing a …
- [Lessee Disclosures Under ASC 842: What to Report](https://ileasepro.com/blog/lessee-disclosures-2/): There has been much focus on the specific calculations required to comply with the proposed leasing standards. However, with the final standard expected to be …
- [What Constitutes a Lease? ASC 842 Definitions Explained](https://ileasepro.com/blog/definition-of-a-lease/): The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, “the Boards”) met earlier this week …
- [CPAs: Adapting to the Lease Accounting Changes](https://ileasepro.com/blog/cpa-call-to-action-confronting-the-lease-accounting-changes/): Have you started thinking about how the Lease Accounting changes will impact your clients? We hope so!! We've written this free whitepaper for you, a CPA with …

## ASC 842 Audit Readiness

- [Using AI to Strengthen Year-End Lease Audits](https://ileasepro.com/audit-leveraging-ai/)
- [How to Engage with Your Auditor on ASC 842](https://ileasepro.com/engaging-with-your-auditor/)
- [Lease Audit Procedures: A Practical Checklist](https://ileasepro.com/demystifying-lease-audits/)
- [ASC 842 lease audit procedures Guide](https://ileasepro.com/blog/how-auditors-test-asc-842-lease-data/): What are the key data points auditors focus on when testing ASC 842 leases? How do auditors verify the completeness and accuracy of lease data under ASC 842?
- [Free AI-Powered ASC 842 Lease Analyzer Tool](https://ileasepro.com/blog/free-ai-powered-asc-842-lease-analyzer/): What is the free AI-powered ASC 842 Lease Analyzer? How can AI help with ASC 842 lease accounting compliance?
- [Driven Brands Accounting Errors Restatement News](https://ileasepro.com/blog/driven-brands-discloses-accounting-errors-will-restate-previously-reported/): What are common accounting errors that lead to financial restatements? How does ASC 842 impact the need for financial restatements?
- [Identify Unrecorded Leases with AP Data](https://ileasepro.com/blog/ap-data-identify-unrecorded-leases/): What is an unrecorded lease? How can AP data be used to identify unrecorded leases?
- [AI Changing Accounting? Explore Its Impact](https://ileasepro.com/blog/ai-is-changing-accounting-models/): How is AI transforming accounting models? What are the benefits of AI in accounting and auditing?
- [ASC 842 Audit Findings: A Controller's Playbook](https://ileasepro.com/blog/responding-asc-842-audit-findings/): What are common ASC 842 audit findings? How do I respond to ASC 842 audit findings?
- [ASC 842 Substantive Testing: What Auditors Will Do](https://ileasepro.com/blog/asc-842-substantive-testing/): What are the key substantive testing procedures for ASC 842 lease accounting? How do auditors verify lease data under ASC 842?
- [IT & Software Contracts: Hidden Leases Guide](https://ileasepro.com/blog/it-software-contracts-embedded-leases/): What constitutes a hidden lease component in IT and software contracts? How do I identify embedded leases within technology agreements under ASC 842?
- [Lease Audit Workpapers: Satisfy Auditors](https://ileasepro.com/blog/lease-audit-workpapers/): What documentation is required for ASC 842 lease audits? How do I prepare lease audit workpapers to satisfy auditors?
- [Common Discount Rate Audit Findings | Avoid](https://ileasepro.com/blog/discount-rate-audit-findings/): What are common discount rate audit findings? How can I avoid discount rate audit findings?
- [ASC 842 Management Assertions for Controllers](https://ileasepro.com/blog/asc-842-management-assertions/): What are ASC 842 management assertions for controllers? How do management assertions relate to ASC 842 lease accounting?
- [Finding Missing Leases: A Systematic Guide](https://ileasepro.com/blog/discovering-missing-leases/): What is a systematic approach to discovering missing leases? How can organizations identify undocumented leases for ASC 842 compliance?
- [ASC 842 Pre-Audit Self-Assessment](https://ileasepro.com/blog/asc-842-pre-audit-self-assessment/): What is a pre-audit self-assessment for ASC 842 compliance? What steps are involved in an ASC 842 pre-audit self-assessment?
- [Lease Audit Procedures: Testing Completeness Under ASC 842](https://ileasepro.com/blog/lease-completeness-testing-procedures/): What are the key completeness testing procedures for lease populations? How do auditors ensure the completeness of lease data under ASC 842?
- [ASC 842 Audit Adjustments and How to Prevent Them](https://ileasepro.com/blog/asc-842-audit-adjustments/): What are common ASC 842 audit adjustments? How can companies prevent ASC 842 audit findings?
- [What Is an Embedded Lease? Definition and Checklist](https://ileasepro.com/blog/embedded-leases-service-contracts/): How do I identify embedded leases in service contracts? What are the key indicators of an embedded lease?
- [ASC 842 PBC List: Complete Documentation Guide | ASC 842](https://ileasepro.com/blog/asc-842-pbc-list-guide/): What documentation is required for an ASC 842 audit? How do I prepare a PBC list for ASC 842 compliance?
- [Lease Population Completeness: Proving Nothing Is Missed](https://ileasepro.com/blog/lease-population-completeness/): How do auditors verify lease population completeness under ASC 842? What are the key steps in ensuring lease population completeness for ASC 842 compliance?
- [ASC 842 Audit Checklist: Evidence, Controls & Automation](https://ileasepro.com/blog/preparing-for-asc842-audits/): Learn what auditors look for under ASC 842, common compliance pitfalls, and how automation can simplify audit readiness and strengthen your lease accounting …
- [How to Navigate an ASC 842 Lease Accounting Audit](https://ileasepro.com/blog/guides-to-successfully-complete-an-asc-842-lease-accounting-audit/): In the world of finance and accounting, keeping up with regulatory requirements can often be a daunting task. One of the more recent standards to be introduced …
- [ASC 842 Lease Accounting Audit: Compliance Made Simple](https://ileasepro.com/blog/auditing-asc-842-lease-accounting-an-auditors-guide-to-evaluate-asc-842-lease-accounting-compliance/): When an auditor evaluates a company's implementation of ASC 842 lease accounting, they generally follow a series of steps to ensure compliance when performing a …

## Lease Population Completeness

- [Tracking Lease Details After ASC 842 Adoption](https://ileasepro.com/tracking-lease-details-after-asc842/)
- [Why Lease Abstraction Matters for Lessees Under ASC 842](https://ileasepro.com/the-importance-of-lease-abstraction-for-lessees/)

## Comprehensive Guides

- [FASB ASC 842 Summary: What Changed and Who It Affects](https://ileasepro.com/things-to-know-about-the-new-fasb-asc-842-lease-accounting-standard/)
- [ASC 842 Lease Accounting Made Simple](https://ileasepro.com/blog/what-is-asc-842-lease-accounting/): What is ASC 842 lease accounting in simple terms? How does ASC 842 impact financial statements?
- [ASC 842 Lease Accounting Guide 2026 | Complete Overview](https://ileasepro.com/guide/ultimate-guide-to-asc-842-lease-accounting/): The definitive ASC 842 lease accounting guide for 2026. Master compliance requirements, learn classification methods, understand journal entries, and implement …

## Internal Controls & SOC 1

- [ASC 842 Lease Accounting Internal Controls Guide](https://ileasepro.com/blog/lease-accounting-control-framework-explained/): What constitutes an effective lease accounting control framework under ASC 842? How do internal controls for ASC 842 prevent material misstatements in financial …
- [ASC 842 Lease Management Best Practices Guide](https://ileasepro.com/blog/asc-842-lease-management-best-practices/): What are the key ASC 842 lease management best practices for controllers? How can controllers ensure ASC 842 compliance in lease management?
- [Complementary User Entity Controls for Lease](https://ileasepro.com/blog/cuecs-lease-accounting-software/): What are Complementary User Entity Controls (CUECs) in the context of lease software? How do CUECs ensure the reliability of lease accounting data?
- [Lease Modification Documentation: What to Capture](https://ileasepro.com/blog/lease-modification-documentation/): What documentation is required for ASC 842 lease modifications? How long should lease modification documentation be retained?
- [Continuous Lease Accounting Compliance](https://ileasepro.com/blog/continuous-lease-compliance/): How can organizations maintain continuous ASC 842 compliance? What are the key components of a sustainable lease accounting compliance program?
- [Quality Control Procedures for Lease Abstraction](https://ileasepro.com/blog/lease-abstraction-quality-control/): What are the key quality control procedures for lease abstraction? How can lease abstraction quality control prevent audit discrepancies?
- [Lease Control Documentation for Audit Evidence](https://ileasepro.com/blog/lease-control-documentation/): What constitutes sufficient lease control documentation for an audit? How can I ensure my lease control documentation meets ASC 842 audit standards?
- [ASC 842 Lease Extensions and Early Terminations](https://ileasepro.com/blog/lease-term-changes-accounting/): How are lease extensions accounted for under ASC 842? What is the accounting impact of early lease terminations?
- [Common Lease Accounting Control Deficiencies](https://ileasepro.com/blog/lease-control-deficiencies/): What are common control deficiencies in lease accounting? How do control deficiencies impact ASC 842 compliance?
- [Common Lease Abstraction Errors & Financial](https://ileasepro.com/blog/common-lease-abstraction-errors/): What are the most common lease abstraction errors? How do lease abstraction errors financially impact a company?
- [Deferred Rent With a Lease Extension: How to Recalculate](https://ileasepro.com/blog/deferred-rent-explained/): What is deferred rent under ASC 842? How is deferred rent calculated and recognized under ASC 842?
- [SOC 1 Reports for Lease Accounting Software](https://ileasepro.com/blog/soc-1-lease-accounting-software/): What should I look for in a SOC 1 report for lease accounting software? How does a SOC 1 report mitigate risks in lease accounting?
- [Lease Lifecycle Governance for ASC 842](https://ileasepro.com/blog/lease-lifecycle-governance/): What is lease lifecycle governance in ASC 842 compliance? How does lease lifecycle governance ensure ongoing ASC 842 compliance?
- [ASC 842 Lease Abstraction: Data Quality](https://ileasepro.com/blog/lease-abstraction-accuracy-standards/): Why is lease abstraction accuracy important for ASC 842 compliance? What are the key data quality standards for ASC 842 lease abstraction?
- [ASC 842 Modification Accounting Decision](https://ileasepro.com/blog/asc-842-modification-accounting/): How to account for ASC 842 lease modifications? What are the steps in the ASC 842 lease modification accounting decision framework?
- [Material Weakness vs Significant Deficiency in Leases](https://ileasepro.com/blog/material-weakness-significant-deficiency-leases/): What is the difference between a material weakness and a significant deficiency in lease accounting? When does a significant deficiency escalate to a material …
- [ASC 842 Internal Control Framework: Design and Evidence](https://ileasepro.com/blog/asc-842-internal-control-framework/): What is the ASC 842 internal control framework? What are the key components of an ASC 842 internal control framework?
- [iLeasePro Achieves SOC 1 Type 2 Certification](https://ileasepro.com/blog/ileasepro-achieves-soc-1-type-2-certification-ensuring-top-financial-data-integrity-for-lease-accounting/):  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 …

## Disclosures & Financial Reporting

- [ASC 842: Shareholder Equity Financial Reporting](https://ileasepro.com/financial-reporting-shareholder-equity/)
- [Comprehensive Income and ASC 842 Lease Reporting](https://ileasepro.com/financial-reporting-comprehensive-income/)
- [Off-Balance-Sheet Financing and Lease Liabilities: ASC 842](https://ileasepro.com/blog/off-balance-sheet-financing-liabilities-and-lease-accounting/): How ASC 842 ended off-balance-sheet operating leases for private companies, which leases and payments still stay off the balance sheet, and a worked …
- [Qualitative Lease Disclosures: ASC 842 Narrative](https://ileasepro.com/blog/qualitative-lease-disclosures/): What are the key qualitative disclosure requirements for ASC 842? How do narrative disclosures differ from quantitative disclosures in ASC 842?
- [Quantitative Lease Disclosures](https://ileasepro.com/blog/quantitative-lease-disclosures/): What quantitative lease disclosures are required under ASC 842? What tables and schedules are necessary for ASC 842 quantitative disclosures?
- [Current vs Non-Current Lease Liabilities: How to Split Them](https://ileasepro.com/blog/currentnon-current-classification-is-a-financial-reporting-requirement/): What is current/non-current classification in financial reporting? Why is current/non-current classification important for ASC 842?
- [ASC 842 Disclosure Requirements Guide](https://ileasepro.com/blog/asc-842-disclosure-requirements/): What are the key ASC 842 disclosure requirements for lessees? How do I ensure ASC 842 compliance for lease disclosures?

## Discount Rates & Key Assumptions

- [ASC 842 Incremental Borrowing Rate for Vehicle Leases](https://ileasepro.com/vehicle-asc842-incremental-borrowing-rate/)
- [Portfolio vs Lease-Specific IBR: When Each Applies](https://ileasepro.com/blog/portfolio-vs-lease-specific-ibr/): What is the difference between portfolio and lease-specific IBR under ASC 842? When should a portfolio approach to IBR be used for ASC 842 compliance?
- [IBR for Companies Without External Debt](https://ileasepro.com/blog/ibr-companies-without-debt/): How do companies without external debt calculate IBR for ASC 842? What factors influence the IBR for debt-free companies under ASC 842?
- [IBR Documentation Requirements for Audit](https://ileasepro.com/blog/ibr-documentation-requirements/): What IBR documentation is required for an ASC 842 audit? How do auditors verify Incremental Borrowing Rate (IBR) calculations?
- [Incremental Borrowing Rate: Formula and Methodology](https://ileasepro.com/blog/ibr-methodology-framework/): What is the Incremental Borrowing Rate (IBR) methodology in ASC 842? How is the Incremental Borrowing Rate calculated under ASC 842?
- [Building an IBR From Your Own Borrowing Data](https://ileasepro.com/blog/how-to-calculate-incremental-borrowing-rate/): A step-by-step guide for private companies to determine and update the IBR under ASC 842, including asset class strategies and pros and cons of IBR vs. …
- [NPV vs XNPV for Lease Payments: Which to Use](https://ileasepro.com/blog/npv-or-xnvp-for-asc-842-lease-accounting/): Before we get into Net Present Value (NPV) and Extended Net Present Value (XNPV) in lease accounting and lease analysis, let's break down the concept of present …

## Ongoing Governance & Risk Management

- [Critical Lease Dates: How to Stop Missing Them](https://ileasepro.com/important-dates-asc842-lease-accounting/)
- [FASB PIR: ASC 842 Costs Exceeded Expectations for CFOs](https://ileasepro.com/blog/what-fasb-pir-reveals/): FASB’s review of ASC 842 found implementation and application costs were significantly higher than expected, even as investors favored balance sheet recognition …
- [Top Lease Management Challenges & Solutions](https://ileasepro.com/blog/top-challenges-in-lease-management/): Explore the top challenges companies face in lease management, including ASC 842 compliance, data silos, and manual errors, and learn how to turn each into a …
- [FASB PMAC Feedback on ASC 842: Benefits & Costs](https://ileasepro.com/blog/fasb-meeting-on-june-9-2025-lease-project-update/): PMAC members agree that the leases standard (ASC 842) enhances transparency for investors and improves lease management, but note high initial implementation …
- [10 Year-End Lease Accounting Challenges and Fixes](https://ileasepro.com/blog/top-10-year-end-lease-accounting-challenges-and-solutions-for-asc-842-compliance/): As year-end approaches, lease accounting teams face mounting pressure to prepare accurate financial statements under ASC 842. This blog explores the top 10 …
- [GASB 96 Explained: Subscription-Based IT Arrangements](https://ileasepro.com/blog/gasb-96-subscription-based-information-technology-arrangements-sbitas/): GASB Statement No. 96, Subscription-Based Information Technology Arrangements (SBITAs), was issued in May 2020. The statement establishes guidelines for state …
- [What Happens If You Do Not Comply with ASC 842](https://ileasepro.com/blog/understanding-the-negative-impact-of-not-complying-with-the-asc-842-lease-accounting-standard/): Non-compliance with the ASC 842 lease accounting standard can have several negative impacts on a company, including the following: Financial statement …
- [ASC 842 Refresher: Essential Insights and Recent Updates](https://ileasepro.com/blog/refresher-on-the-asc-842/): The ASC 842 Lease Accounting Standard, also known as Accounting Standards Update (ASU) No. 2016-02, is a set of guidelines established by the Financial …
- [ASC 842 Updates: Effective Dates & Transition Tips](https://ileasepro.com/blog/effective-dates-of-asc-842-changes-transition-approach/): FASB has offered several reliefs to organizations transitioning, which also includes shift of transition dates from December 31st, 2019 to December 31st, 2021. …
- [FASB Lease Discussions Summary from December 2 Meeting](https://ileasepro.com/blog/summary-of-leases-at-12-2-fasb-meeting/): TENTATIVE BOARD DECISIONSTentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are …
- [How ASC 842 Changes Lease Record-Keeping](https://ileasepro.com/blog/the-new-lease-accounting-standard-how-recordkeeping-will-evolve/): The implementation of the new lease accounting standard, ASC 842, represents a pivotal moment in the world of finance and accounting. While its primary …
- [Understanding GASB Lease Standards in Government Accounting](https://ileasepro.com/blog/governmental-accounting-standards-leases/): In June 2017, the Governmental Accounting Standards Board (“GASB”) issued Statement No. 87 – Leases which establishes new accounting standards to be applied to …
- [Understanding the Latest Lease Accounting Guidance Released](https://ileasepro.com/blog/new-lease-accounting-guidance-issued/): The Financial Accounting Standards Board (“FASB”) issued the new lease accounting standard on February 25, 2016. As it pertains to lessees, the new standard …
- [FASB Lease Accounting Standards Finalized: Key Details](https://ileasepro.com/blog/fasb-expected-to-finalize-lease-accounting-standards-on-thursday-february-25-2016/): In a highly anticipated move, the Financial Accounting Standards Board (FASB) is gearing up to unveil its long-awaited lease accounting standard. According to a …
- [FASB Announces Upcoming Release of Lease Accounting Standard](https://ileasepro.com/blog/fasb-hoping-to-issue-lease-accounting-standard-by-february-29-2016/): Exciting developments are underway in the world of U.S. lease accounting as the Financial Accounting Standards Board (FASB) gears up to issue new rules that …
- [A Guide to Lease Accounting with IFRS 16](https://ileasepro.com/blog/ifrs-16-leases/): On January 13, 2016, the International Accounting Standards Board (“IASB”) issued International Financial Reporting Standard 16 Leases (“IFRS 16” or “the …
- [IASB Announces Release of New Lease Standard](https://ileasepro.com/blog/iasb-expected-to-issue-the-new-lease-standard-on-wednesday-january-13-2016/): The anticipation surrounding the new lease standard is reaching its zenith. As per information from the Massachusetts Society of CPAs, it is expected that the …
- [When Does the Lease Accounting Standard Take Effect?](https://ileasepro.com/blog/lease-accounting-standard-effective-date/): In a pivotal decision made during its meeting on November 11, 2015, the Financial Accounting Standards Board (FASB) took a significant step towards revamping …
- [October 2015 Lease Accounting Changes: Important Updates](https://ileasepro.com/blog/october-2015-lease-accounting-update/): The lease accounting project is getting much closer to finalization. At its October meeting, the Financial Accounting Standards Board (“FASB” or “the Board”) …
- [Key Changes in the Upcoming Lease Accounting Standard](https://ileasepro.com/blog/new-lease-standard-is-on-the-horizon/): In the past two months, there has been a notable silence surrounding the proposed changes to lease accounting. However, it's important to understand that behind …
- [February 2015 Update on the Lease Accounting Project](https://ileasepro.com/blog/lease-accounting-project-february-2015-update/): The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”), collectively (“the Boards”) met separately in …
- [Impact of Proposed Lease Accounting Changes on Retailers](https://ileasepro.com/blog/the-proposed-lease-accounting-changes-effect-on-retailer/): The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively “the Boards”) are in the process of …
- [FASB/IASB Lease Accounting Meeting Recap: December 16, 2014](https://ileasepro.com/blog/recap-of-december-16-2014-joint-fasbiasb-lease-accounitng-board-meeting/): The topic of leases has been an ongoing point of discussion for the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board …
- [Essential Steps for Preparing for Lease Accounting Changes](https://ileasepro.com/blog/how-to-get-started-preparing-for-the-lease-accounting-changes/): The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) are proposing major changes in the accounting for …
- [FASB Lease Project Update: Important Meeting Takeaways](https://ileasepro.com/blog/fasb-meeting-on-august-27-2014-lease-project-update/): The Financial Accounting Standards Board (“FASB” or “the Board”) met on August 27, 2014 to deliberate the proposed lease accounting standard project. Although …
- [Highlights from the July 23, 2014 Joint Board Meeting](https://ileasepro.com/blog/july-23-2014-joint-board-meeting/): On July 23, 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), collectively referred to as the …
- [FASB/IASB Roundtable: Lease Accounting Takeaways](https://ileasepro.com/blog/joint-fasbiasb-roundtable-on-leases/): Earlier this week, I attended one of the Joint FASB/IASB Roundtable session on Leases held in Norwalk CT. There were only about 15 attendees from those who …
- [Lease Exposure Draft: How Expenses Are Presented](https://ileasepro.com/blog/lease-accounting-exposure-draft-expense-presentation/): In our posting earlier this month, we provided highlights of the May 2013 revised Exposure Draft jointly issued by the FASB and IASB proposing major changes to …
- [Revised Lease Accounting Exposure Draft Explained](https://ileasepro.com/blog/revised-lease-accounting-exposure-draft-issued/): The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) issued a Revised Exposure Draft (“ED”) earlier this …
- [The New Lease Standard and Its Effective Date](https://ileasepro.com/blog/updated-exposure-draft-to-be-issued-in-may/): The recent decision by the Financial Accounting Standards Board (FASB) to issue an updated Lease Accounting Exposure Draft has stirred considerable attention …
- [Lease Accounting Update: Key Lease Components in Contracts](https://ileasepro.com/blog/lease-components-in-a-single-lease-contract/): The FASB and the IASB (The Boards) met on January 30, 2013 to continue further deliberations on the Lease Accounting Project. The discussions were narrowly …
- [FASB and IASB Meeting Updates: Key Highlights](https://ileasepro.com/blog/headlines-from-the-latest-fasbiasb-meetings/): The issuance of the final standard for lease accounting will likely be delayed until the first half of 2012. At the least, there will be another draft version …
- [Lease Classification and Expense Recognition Changes](https://ileasepro.com/blog/reversal-on-lease-classification-and-expense-recognition/): In our review of the FASB and IASB tentative conclusions reached in April, we noted that the Boards had agreed to introduce two classifications for lessee …

## Healthcare

- [identifying embedded leases in healthcare asc](https://ileasepro.com/blog/healthcare-embedded-leases-identification/): What is an embedded lease in healthcare under ASC 842? How do I identify embedded leases within service contracts in healthcare?
- [ASC 842 Audit Checklist for Healthcare Readiness](https://ileasepro.com/blog/asc-842-healthcare-audit-readiness/): What defines healthcare leases under ASC 842 for audit purposes? How should healthcare organizations prepare an ASC 842 audit readiness checklist?
- [ASC 842 Hospital Real Estate Lease Compliance](https://ileasepro.com/blog/hospital-real-estate-leases-asc-842/): What are the unique challenges hospitals face with ASC 842 compliance? How do hospital real estate leases complicate ASC 842 financial reporting?
- [ASC 842 Medical Equipment Lease Classification](https://ileasepro.com/blog/medical-equipment-lease-classification/): How is medical equipment classified under ASC 842? What are the key factors determining a finance vs. operating lease for medical assets?

## Implementation & Process

- [ASC 842 transition methods comparison Guide](https://ileasepro.com/blog/asc-842-transition-methods-explained/): What are the key ASC 842 transition methods available to entities? How do the effective dates of ASC 842 impact transition method selection?
- [ASC 842 lease accounting journal entries](https://ileasepro.com/blog/asc-842-journal-entries-explained-with-examples/): How are journal entries recorded for operating leases under ASC 842? What is the initial journal entry for a finance lease under ASC 842?
- [2026 Lease Portfolio Outlook: Finance & ASC 842](https://ileasepro.com/blog/2026-lease-portfolio-outlook/): What are the key trends shaping the lease portfolio outlook for 2026? How does ASC 842 compliance impact the 2026 lease portfolio outlook for finance and real …
- [Enhancing Lease Accounting: Faster Close and Risk Mitigation](https://ileasepro.com/blog/tips-to-boost-efficiency-and-accuracy-for-lease-accountants/): Incorporating lean and agile methodologies into lease accounting workflows reduces time-to-completion and minimizes risks. By creating a continuous improvement …
- [Agile and Lean Methods in Lease Accounting](https://ileasepro.com/blog/integrating-agile-and-lean-in-lease-accounting/): Integrating Agile thinking and Lean methodologies into lease accounting can transform how organizations manage and report their lease obligations and assets. …
- [Boost Accounting Efficiency by Implementing Agile Thinking](https://ileasepro.com/blog/implementing-agile-thinking-in-the-accounting-processes/): Reduce costs and improve efficiency and effectiveness within your organization's accounting processes by employing Agile Thinking.  Have you given Agile any …
- [7 Reasons Agile Fails in Accounting Departments](https://ileasepro.com/blog/top-7-reasons-why-agile-thinking-may-fail-in-accounting-departments/): As the financial guardians of an organization, you are often tasked with exploring innovative strategies to decrease costs, increase efficiency and …
- [Improving Accounting Efficiency with Throughput Metrics](https://ileasepro.com/blog/enhancing-efficiency-measuring-throughput-in-the-accounting-process/): In the fast-paced world of accounting, efficiency is paramount for meeting tight deadlines and providing accurate financial information. Measuring throughput, a …
- [How to Calculate Error Rate in an Accounting Department](https://ileasepro.com/blog/ensuring-accuracy-how-to-measure-error-rate-in-your-accounting-department/): Accurate financial reporting is crucial for any accounting department, as it directly impacts business decisions and stakeholder trust. Measuring the error rate …
- [Measuring Customer Satisfaction in Agile Accounting](https://ileasepro.com/blog/measuring-agile-customer-satisfaction/): In the world of Agile, customer satisfaction plays a pivotal role in delivering value and driving continuous improvement. While Agile methodologies originated …
- [Boost Accounting Productivity by Measuring Velocity](https://ileasepro.com/blog/maximizing-productivity-measuring-velocity-in-the-accounting-process/): In today's dynamic business landscape, accounting departments are under constant pressure to deliver timely and accurate financial information. Measuring …
- [Boost Accounting Efficiency by Managing Lead Time](https://ileasepro.com/blog/enhancing-responsiveness-understanding-lead-time-in-the-accounting-process/): In the fast-paced world of finance and accounting, responsiveness is essential for meeting stakeholder demands and delivering timely financial information. Lead …
- [Cycle Time in Accounting: Measuring and Improving It](https://ileasepro.com/blog/measuring-efficiency-understanding-cycle-time-in-the-accounting-process/): In the fast-paced world of finance and accounting, measuring efficiency is paramount. Understanding and optimizing the time it takes to complete tasks is …
- [Using Agile Metrics to Drive Success in Accounting](https://ileasepro.com/blog/how-to-measure-for-success-agile-metrics-for-accounting/): Transitioning to agile methodologies in your accounting department is a transformative journey that can revolutionize your financial reporting processes. As you …
- [Agile Transition Challenges in Accounting Teams](https://ileasepro.com/blog/overcoming-challenges-in-the-transition-to-agile-a-guide-for-accounting-departments/): The world of business is evolving rapidly, and the agile methodology - originally conceived for software development - has permeated various sectors, including …
- [Agile Solutions to Enhance Month-End Close Accuracy](https://ileasepro.com/blog/enhancing-efficiency-and-accuracy-in-month-end-close-agile-tools-and-techniques-for-accounting/): The month-end close process in accounting is a critical undertaking that requires precision, collaboration, and a keen eye for detail. Traditional month-end …
- [Streamline Accounting with Agile for Increased Productivity](https://ileasepro.com/blog/implementing-agile-in-the-accounting-process-streamlining-workflows-and-boosting-productivity/): In today's dynamic business landscape, organizations across industries are embracing agile methodologies to enhance efficiency, collaboration, and productivity. …
- [Transform Your Accounting Department with Agile Thinking](https://ileasepro.com/blog/introduction-to-agile-thinking-in-accounting-transforming-your-accounting-department/): In today's rapidly evolving business landscape, accounting departments are seeking ways to enhance their efficiency, collaboration, and adaptability. Agile …
- [Agile Thinking: 6 Positive Outcomes for CFOs](https://ileasepro.com/blog/6-ways-agile-thinking-can-yield-positive-results-for-a-chief-financial-officer/): By leveraging agile thinking and the framework that works for you (Scrum, Kanban, etc), you can optimize the accounting department's performance, maximize …
- [How Agile Thinking Enhances Accounting Department Efficiency](https://ileasepro.com/blog/boosting-efficiency-agile-thinking-for-accounting-departments/): In today's fast-paced business environment, accounting departments face increasing demands for continuous improvements in month-end closing, meeting stringent …

## Industry Guides

- [ASC 842 Compliance Guide for Construction Companies](https://ileasepro.com/construction-navigating-asc842-lease-accounting/)
- [ASC 842 Compliance Guide for Transportation Companies](https://ileasepro.com/transportation-navigating-lease-accounting/)
- [Regulatory Impact of ASC 842 on Lease Accounting Software](https://ileasepro.com/industry-regulatory-impact-on-lease-accounting/)
- [Lease Accounting Changes and the Hospitality Industry](https://ileasepro.com/blog/lease-accounting-changes-the-impact-to-the-hospitality-industry/): Lease accounting, particularly as it relates to lessee accounting, has been a controversial topic for a number of years. The fact that a lessee under current …

## Journal Entries, Reconciliations & Close

- [Deferred Rent Under ASC 842: Definition and Journal Entries](https://ileasepro.com/deferred-rent-explained/)
- [Rent Abatement and Rent-Free Period Accounting, ASC 842](https://ileasepro.com/blog/rent-abatement-and-rent-free-period-accounting-under-asc-842/): How a rent-free period written into a lease differs from an abatement granted later under ASC 842, with a 5-year, 3-free-month operating lease schedule showing …
- [Rent Concession Types and Their ASC 842 Treatment](https://ileasepro.com/blog/rent-concession/): Which rent concessions are lease incentives at commencement, which are lease modifications, and what each one does to the right-of-use asset and the lease …
- [Tenant Improvement Allowance Accounting for ASC 842](https://ileasepro.com/blog/tenant-improvement-allowance-accounting-for-asc-842/): How a tenant improvement allowance changes the lease liability, the right-of-use asset and the year-one journal entries under ASC 842, with one $60,000 TIA …
- [Operating vs Finance Lease Accounting: Entries Compared](https://ileasepro.com/blog/operating-finance-lease-journal-entries/): What are the key differences between operating and finance lease journal entries under ASC 842? How do the journal entries for operating leases differ from …
- [Prevent Common Lease Journal Entry Errors](https://ileasepro.com/blog/common-lease-journal-entry-errors/): What are common ASC 842 lease journal entry errors? How can I prevent lease accounting entry mistakes?
- [asc 842 close process: complete monthly](https://ileasepro.com/blog/asc-842-close-process-checklist/): What is the monthly closing checklist for ASC 842 lease accounting? How do I perform a monthly ASC 842 close process?
- [Efficient Year-End Close Strategies for Lease Accounting](https://ileasepro.com/blog/creating-an-efficient-and-accurate-year-end-close-process-for-lease-accounting/): Creating an efficient and accurate year-end close process for lease accounting is essential for businesses to ensure compliance with financial reporting …

## Lease Analysis

- [Lease Analysis Metrics: NPV, IRR and Cost per Square Foot](https://ileasepro.com/analysis-metrics/)
- [Lease Analysis 101: Metrics, Methods and Examples](https://ileasepro.com/analysis-101/)
- [Lease vs Buy Under ASC 842: How to Decide](https://ileasepro.com/blog/lease-vs-buy-in-the-age-of-asc-842-navigating-asset-acquisition-for-optimal-financial-health/): The decision to lease or buy an asset is a crucial financial consideration for companies, especially in light of the ASC 842 lease accounting standard. This …
- [Key Financial Metrics in Lease Analysis and Their Impact](https://ileasepro.com/blog/financial-metrics-in-commercial-lease-analysis-decoding-the-impact-on-your-business/): Regardless of the sector or domain, certain universal financial metrics shed light on the intricacies of a lease agreement. Grasping these metrics is …
- [Navigating Lease Accounting Risks: A Guide for CFOs](https://ileasepro.com/blog/mastering-lease-analysis-for-cfos-navigating-the-complexities-and-risks-of-modern-lease-accounting/): In the high-stakes realm of financial decision-making, the intricate world of lease analysis stands as a pillar for CFOs. Amid the vast spectrum of fiscal …
- [Building Success with Lease Analysis for Property Managers](https://ileasepro.com/blog/mastering-lease-analysis-for-property-managers-building-success-one-lease-at-a-time/): In the intricate realm of property management, where every square foot can translate to potential income or unforeseen challenges, understanding lease analysis …
- [Effective Lease Analysis Strategies for the Retail Industry](https://ileasepro.com/blog/mastering-retail-lease-analysis-charting-a-course-for-retail-success/): In the bustling corridors of the retail industry, the location and terms of your store lease can be a game-changer. Whether you're launching a boutique, a café, …
- [Lease Analysis Best Practices for the Aviation Industry](https://ileasepro.com/blog/mastering-aviation-lease-analysis-soaring-to-new-heights-with-informed-decisions/): In the ever-evolving skies of the aviation industry, airline leasing stands out as a critical component that powers many carriers worldwide. But what goes into …
- [Efficient Oil & Gas Lease Analysis with iLeasePro](https://ileasepro.com/blog/the-abcs-of-oil-gas-lease-analysis/): Delving into the vast domain of oil and gas? For many stakeholders, securing the right oil and gas leases forms the bedrock of exploration and production …
- [Master Equipment Lease Analysis Efficiently with iLeasePro](https://ileasepro.com/blog/the-abcs-of-equipment-lease-analysis-for-business-owners/): Venturing into the realm of equipment leasing? As a business owner, having the right equipment can be the linchpin for operational success. Yet, acquiring that …
- [Commercial Lease Analysis: What to Review Before Signing](https://ileasepro.com/blog/the-abcs-of-commercial-lease-analysis-for-business-owners/): Welcome to the bustling world of commercial real estate! If you're a business owner looking to rent a commercial space, understanding the intricacies of …
- [Explore iLeasePro’s Advanced Lease Analysis Capabilities](https://ileasepro.com/blog/ileasepros-lease-analysis-capabilities/): In planning the development of iLeasePro, it was particularly important that our technology users have a comprehensive technology tool that provides the ability …

## Lease Data Quality & Abstraction

- [What Data a Lease Abstract Should Include](https://ileasepro.com/the-lease-data-an-abstract-should-include/)
- [What Is Lease Abstraction? Process and Key Data Points](https://ileasepro.com/lease-abstraction/)
- [Lease Abstraction Software: What to Look For](https://ileasepro.com/what-software-do-i-need-for-lease-abstracting/)
- [ASC 842 lease data abstraction process Guide](https://ileasepro.com/blog/how-to-abstract-lease-data-for-asc-842/): What is lease data abstraction and why is it critical for ASC 842 compliance? How do I identify key data points for lease abstraction under ASC 842?
- [6 Common ASC 842 Pitfalls and How to Avoid Them](https://ileasepro.com/blog/avoiding-asc842-common-pitfalls/): ASC 842 compliance presents challenges such as lease misclassification, poor data management, and incorrect discount rates. This guide covers the top 6 key …
- [Key Fleet Vehicle Lease Terms to Know (ASC 842)](https://ileasepro.com/blog/lease-abstracting-fleet-vehicle-leases/): Understanding fleet vehicle lease terms is essential for effective lease abstraction. This guide breaks down key terms like base rent, escalation clauses, and …
- [Key Real Estate Lease Terms to Know (ASC 842)](https://ileasepro.com/blog/lease-abstracting-real-estate-leases/): Understanding real estate lease terms is essential for effective lease abstraction. This guide breaks down key terms like base rent, escalation clauses, and …
- [Equipment Lease Terms for Better Lease Abstraction](https://ileasepro.com/blog/lease-abstracting-equipment-leases/): Understand critical equipment lease terms like base rent, fair market value leases, and escalation clauses to make informed leasing decisions...

## Lease Management

- [Five Benefits of SaaS Lease Management Software](https://ileasepro.com/five-benefits-of-a-saas-lease-management-solution/)
- [Lease Document Management: A Centralized Repository](https://ileasepro.com/lease-document-management/)
- [Lease Tracking Software for Critical Dates and ASC 842](https://ileasepro.com/lease-tracking-software/)
- [Equipment Lease Data: Tracking, Budgets and Reports](https://ileasepro.com/lease-management-software-makes-equipment-leases-easier/)
- [Lease Adjustments in Real Estate Downsizing Under ASC 842](https://ileasepro.com/blog/lease-adjustments-in-real-estate-downsizing/): Which route a company takes to shed office space, and what each one does to the right-of-use asset, the lease liability and earnings under ASC 842: a partial …
- [Lease Contract Management Software: Track and Organize](https://ileasepro.com/contract-management/)
- [Hidden Lease Costs: OpEx, CAM and Audit Risk Explained](https://ileasepro.com/blog/what-are-hidden-costs-in-a-lease/): Hidden lease costs often stem from provisions buried in contracts—such as CAM charges, gross-ups, admin fees, and uncapped escalations. If mismanaged, these …
- [Cybersecurity Best Practices for Lease Management Systems](https://ileasepro.com/blog/cybersecurity-in-lease-management/): As lease management systems evolve, so do the cybersecurity risks tied to sensitive lease data. This article explores practical data protection strategies, …
- [Boost ROI: Automate Lease Data Entry & Save Time & Costs](https://ileasepro.com/blog/maximizing-roi-with-lease-data-importing/): Manually entering lease data is time-consuming and error-prone. Automating with an import feature saves hours, improves accuracy, and reduces costs. Discover …
- [Equipment as a Service: Is It a Lease Under ASC 842?](https://ileasepro.com/blog/what-is-equipment-as-a-service/): Equipment-as-a-Service (EaaS) shifts equipment acquisition from ownership to a subscription-based model, aligning costs with usage and offering flexibility. …
- [Avoid Overpayments by Properly Managing Your Lease Portfolio](https://ileasepro.com/blog/overpayments-in-lease-management/): Overpayments in lease management often result from mismanaged data, billing errors, unutilized options, and overlooked market changes. Strategies like …
- [Effective Cost Control for Efficient Lease Management](https://ileasepro.com/blog/effective-cost-management-in-lease-management/): Cost management in lease accounting is essential for minimizing expenses and ensuring compliance with standards like ASC 842 and IFRS 16. This blog outlines key …
- [Lease Documentation and Compliance: The Link Explained](https://ileasepro.com/blog/lease-management-documentation-compliance/): We all know that documentation and compliance has become extremely important in our current business environment, i.e., clear and complete explanations as to …
- [Lease Management Tips for Lessees and Tenants](https://ileasepro.com/blog/mastering-lease-management-essential-tips-for-lessees/): 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 …
- [Lease vs. Buy: Key Considerations for Your Business Decision](https://ileasepro.com/blog/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 …
- [Negotiating Lease Contracts: A CFO's Tax Perspective](https://ileasepro.com/blog/negotiating-favorable-lease-contracts-a-cfos-perspective-on-tax-exposure/): For a Chief Financial Officer (CFO), understanding the intricacies of lease contracts is paramount. Not only do these contracts dictate the terms of asset …
- [Avoid Lease Issues by Tracking Critical Dates](https://ileasepro.com/blog/lease-critical-dates-missing-a-critical-date-can-lead-to-serious-issues/): Missing lease renewals due to dates can have several consequences for companies, and the trends among such companies may vary depending on the specific …
- [Smart Ways to Optimize Your Lease Portfolio Effectively](https://ileasepro.com/blog/10-ways-to-optimize-your-lease-portfolio-as-a-lessee/): As a lessee, optimizing your lease portfolio involves strategically managing your leases to maximize efficiency, reduce costs, and minimize risks. Here are some …
- [Critical Date Notifications in Lease Management](https://ileasepro.com/blog/importance-of-critical-date-notification-in-lease-management-ensuring-compliance-planning-and-risk-mitigation/): In lease management, critical date notification refers to the process that alerts the involved parties about important dates and deadlines related to a lease …
- [Cost Savings from Cloud-Based Lease Management](https://ileasepro.com/blog/unlocking-cost-savings-with-cloud-based-lease-management-solutions-a-smart-investment/): Discover how cloud-based lease management solutions can drive cost savings and efficiency for your business.
- [Centralized Lease Repository for Property Management](https://ileasepro.com/blog/maximizing-property-management-efficiency-the-importance-of-a-centralized-lease-data-repository/): A centralized lease data repository is critical for a property manager for several reasons: Efficiency: A centralized system consolidates all lease information …
- [The Future of Property Management: Adopting Lease Solutions](https://ileasepro.com/blog/the-future-of-property-management-embracing-lease-management-solutions-for-client-success/): Discover how modern lease management solutions are transforming property management for enhanced client success.
- [The Benefits of Cloud Lease Accounting for Property Managers](https://ileasepro.com/blog/unlocking-the-benefits-of-cloud-lease-accounting-and-lease-management-solutions-for-property-managers/): There are several benefits of a cloud lease accounting and lease management solution for property managers, including: Improved accuracy: Cloud lease accounting …
- [Key Benefits of Centralized Contract Management Solutions](https://ileasepro.com/blog/what-are-the-benefits-of-a-centralized-contract-management-solution/): Centralized contract management solutions in the cloud offer several benefits to organizations, including: Accessibility: With a cloud-based solution, contract …
- [Why Spreadsheets Fail for ASC 842 Lease Management](https://ileasepro.com/blog/why-you-should-not-use-spreadsheets-to-manage-your-leases-for-the-asc-842/): The 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, Leases. The …
- [Efficient Lease Management with Advanced Technology](https://ileasepro.com/blog/effective-use-of-technology-for-lease-management/): Lessees often underestimate the transformative power of technology when it comes to effectively managing their lease portfolios. Within the complex landscape of …
- [FASB and IASB Joint Meeting: Important Highlights](https://ileasepro.com/blog/october-22-2014-joint-fasb-and-iasb-meeting/): Recap the October 22, 2014 Joint FASB and IASB Meeting. Explore key discussions, decisions, and insights shared during the meeting.
- [Lease Accounting Changes and Their Impact on Banks](https://ileasepro.com/blog/implications-of-the-lease-accounting-changes-to-the-banking-industry/): Explore lease accounting changes' impact on the banking sector. Uncover implications, compliance shifts, and strategic adjustments.
- [Whitepaper: Lease Accounting Changes and Banking](https://ileasepro.com/blog/whitepaper-implications-of-the-lease-accounting-changes-to-the-banking-industry/): Understand lease accounting's impact on the banking sector. Explore implications, changes, and strategies for successful adaptation.
- [Tips to Compare Leases Effectively in Negotiations](https://ileasepro.com/blog/aligning-the-numbers-when-comparing-multiple-leases-during-lease-negotiation/): In a previous Blog posting, we introduced our readers to the Lease Analysis component of iLeasePro, our comprehensive lease management technology solution …
- [Lease Expense Classification and Its Far-Reaching Impact](https://ileasepro.com/blog/lease-expense-classification-the-impact-is-broader-than-you-may-think/): The revised Exposure Draft on proposed Lease Accounting Changes issued in May 2013 (“the Revised ED”) contains provisions on expense classification that has …
- [How ASC 842 Affects Debt-to-Equity Ratios](https://ileasepro.com/blog/the-new-lease-accounting-standard-and-debt-to-equity-ratios/): In 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 IASB. The …
- [How to Evaluate Leasing Alternatives: Important Factors](https://ileasepro.com/blog/evaluating-leasing-alternatives/): Evaluating Leasing Alternatives Many times when lessees are presented with the need to evaluate equipment or real estate leasing alternatives, the analysis of …
- [Discover Effective Tools for Lease Management and Accounting](https://ileasepro.com/blog/lease-management-and-accounting-tool/): We 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 meet the …
- [The Benefits of Automating Lease Management Processes](https://ileasepro.com/blog/the-importance-of-an-automated-lease-management-process/): The importance of an automated Lease Management process During challenging economic times like these, it is critically important that property lease documents …

## Measuring the Lease

- [Lease Liability Reconciliation: Tie the Schedule to the GL](https://ileasepro.com/blog/lease-liability-reconciliation/): What is lease liability reconciliation? How do I reconcile lease liabilities to the general ledger?
- [ROU Asset Rollforward Schedule: What It Is and How to Build](https://ileasepro.com/blog/rou-asset-rollforward-schedule/): How do I build an audit-ready ROU asset rollforward schedule? What are the key components of an ROU asset rollforward schedule?
- [ASC 842 Remeasurement Triggers Checklist](https://ileasepro.com/blog/asc-842-remeasurement-triggers/): What are the common remeasurement triggers under ASC 842? When is remeasurement required for leases under ASC 842?
- [ASC 842 Examples and Amortization Schedules Explained](https://ileasepro.com/blog/asc842-lease-accounting-guide-overview/): A practical ASC 842 walkthrough with operating and finance lease examples (office space and equipment), sample journal entries, measurement inputs, disclosure …
- [Lease Amortization Red Flags and How to Fix Them](https://ileasepro.com/blog/lease-amortization-warning-flags/): Discover key red flags in lease amortization schedules that can signal financial risks, compliance issues, or operational inefficiencies. Learn to identify …
- [Lease Liability Under ASC 842: Formula and Calculation](https://ileasepro.com/blog/what-is-lease-liability/): This post explains the concept of lease liability under ASC 842, a critical component of modern lease accounting. Discover how to calculate lease liability, …
- [Rent Expense: 365 vs. 360-Day Basis in ASC 842 Accounting](https://ileasepro.com/blog/calculating-rent-expense-under-the-asc-842-use-365-day-or-360-day-basis/): The ASC 842 Lease Accounting Standard, implemented by the Financial Accounting Standards Board (FASB), brought about significant changes to how companies …
- [Right-of-Use Asset Impairment Under ASC 842 Explained](https://ileasepro.com/blog/impairment-of-leased-assets-and-the-right-of-use-asset/): The recent changes in ASC 842 along with the Coronavirus pandemic have come together to unleash a plethora of chances in how leased assets are treated – not …

## Lease Modifications & Remeasurements

- [ASC 805 Business Combinations and Lease Accounting Rules](https://ileasepro.com/blog/asc-805-business-combinations-and-lease-accounting/): How a private-company acquirer accounts for an acquired company's leases under ASC 805 and ASC 842: remeasuring each lease liability at the acquisition date, …
- [Foreign Currency Conversion in Lease Accounting (ASC 842)](https://ileasepro.com/blog/foreign-currency-conversion-in-lease-accounting/): How a US lessee converts a lease denominated in a foreign currency into dollars: which exchange rate applies to the lease liability, which applies to the …
- [Lease Abandonment Accounting: Cease-Use Under ASC 842](https://ileasepro.com/blog/lease-abandonment-cease-use-in-accounting/): What happens on the books when a lessee abandons leased space but the lease runs on: the ASC 360 impairment test at the decision date, the shortened …
- [When Are Lease Modifications Required Under ASC 842?](https://ileasepro.com/blog/asc-842-lease-modifications/): Lease modifications can have a significant impact on lease terms, lease payments, and lease liability. With the implementation of the ASC 842 accounting …

## News & Product Updates

- [iLease Lease Abstraction: Accurate and Cost-Effective](https://ileasepro.com/blog/press-release-lease-abstraction-services/): iLease Management strengthens its Lease Abstraction Services, offering accurate, scalable, and cost-effective solutions that simplify ASC 842 compliance and …
- [iLeasePro ASC 842 Compliance and Cost Savings](https://ileasepro.com/blog/press-release-ileasepro-asc842-lease-accounting/): iLeasePro expands its ASC 842 capabilities, helping organizations streamline lease management from abstraction to disclosure—cutting audit time and costs while …
- [Lease Abstraction Services from iLease Management](https://ileasepro.com/blog/ilease-management-offers-comprehensive-lease-abstraction-services/): In a major move to enhance lease management processes, iLease Management LLC has launched a Comprehensive Lease Abstraction Service aimed at helping businesses …
- [ASC 842 Lease Software for Small Portfolios | iLeaseXpress](https://ileasepro.com/blog/ileasexpress-affordable-asc-842-lease-accounting-solution-for-companies-moving-beyond-spreadsheets/): Lease Management LLC is excited to offer iLeaseXpress, a cost-effective lease accounting cloud solution that helps businesses move away from outdated …
- [iLeasePro Free Demo: See ASC 842 Compliance Live](https://ileasepro.com/blog/ileasepro-free-demo/):  iLease Management LLC, the company behind iLeasePro, a leading cloud-based lease accounting and management solution, is thrilled to announce a special offer of …
- [iLeasePro SOC 1 Type 1 Certification: Ensuring Data Security](https://ileasepro.com/blog/ileasepro-completes-soc-1-type-1-certification-demonstrating-commitment-to-data-security-and-compliance/): iLease Management LLC, a leading provider of lease management solutions for lessees, proudly announces that it has achieved the SOC 1 Type 1 certification for …
- [iLeasePro Integrates Auth0 for an Improved User Experience](https://ileasepro.com/blog/ileasepro-releases-auth0-integration-for-enhanced-user-experience/): iLease Management LLC, a leading provider of the iLeasePro ASC 842 lease accounting and lease management solution, announced today the release of enhancements …
- [ASC 842 Compliance Made Easy for CPAs with iLeasePro](https://ileasepro.com/blog/ileasepro-multi-client-management/): iLeasePro released a new feature for CPA, Advisory, and Consulting firms to manage and support multiple clients transition and adoption to the ASC 842 Lease …
- [iLeasePro and Zeal CRE Partner on ASC 842](https://ileasepro.com/blog/ileasepro-announces-partnership-with-zeal-cre-to-provide-a-one-stop-asc-842-lease-accounting-solution/): Beverly, MA - iLease Management LLC, developer of the iLeasePro ASC 842 Lease Accounting solution, announced a strategic partnership with Zeal CRE to provide a …
- [iLeaseXpress Named a Top Accounting Product](https://ileasepro.com/blog/ileasexpress-receives-honerable-mention-in-the-2022-accounting-today-top-accounting-products/): We are thrilled to announce that iLeaseXpress, the cloud-based lease accounting solution from iLease Management LLC, has been recognized with an Honorable …
- [iLeaseXpress: The Cost-Effective ASC 842 Compliance Solution](https://ileasepro.com/blog/ilease-management-launches-ileasexpress-the-most-cost-effective-intuitive-and-accurate-asc-842-lease-accounting-solution-for-companies-with-under-15-leases/): Navigating the complexities of the ASC 842 lease accounting standard can be a daunting task, especially for private companies with smaller lease portfolios. …
- [Sage Intacct and iLeasePro Integration Enhancement](https://ileasepro.com/blog/sage-intacct-and-ileasepro-announce-major-integration-enhancement/): iLease Management LLC (“iLease”), developer of iLeasePro, an enterprise cloud-based Lease Management and Accounting solution, has announced a major step forward …
- [iLeasePro Adds Subsidiary and Operating Entities](https://ileasepro.com/blog/ileasepro-adds-subsidiary-operating-entity-capabilities/): The Subsidiary function within iLeasePro offers a powerful solution for corporations with complex organizational structures, encompassing multiple subsidiaries. …
- [iLeasePro LinkedIn Group for Lease Accounting Changes](https://ileasepro.com/blog/ileasepros-fasb-and-iasb-lease-accounting-changes-linkedin-group-continues-to-grow/): The growth and engagement in the LinkedIn group, FASB and IASB Lease Accounting Changes, is indeed a testament to the increasing awareness and significance of …
- [Middle Market Businesses and iLeasePro Technology](https://ileasepro.com/blog/middle-market-technology-and-ileasepro/): The October 6, 2015 edition of the Wall Street Journal contained a Journal Report dealing with the biggest opportunities and threats that Middle Market …
- [Technology Performance in iLeasePro Lease Management](https://ileasepro.com/blog/technology-performance-attributes/): Most measures of productivity are presented in the form of Key Performance Indicators (“KPIs”). However, we at ILeasePro believe that there are other …
- [iLeasePro Beta Version Debuts with Advanced Features](https://ileasepro.com/blog/302/): iLease Management LLC is pleased to announce it has released the Beta version of iLeasePro.  iLeasePro is a SaaS Lease Management and Lease Accounting solution …

## Lease Accounting Software

- [Best Lease Accounting Software: How to Evaluate It](https://ileasepro.com/what-is-the-best-lease-accounting-software/)
- [FASB Lease Accounting Software for ASC 842 Compliance](https://ileasepro.com/fasb-lease-accounting-software/)
- [Scaling Lease Accounting Software as You Grow](https://ileasepro.com/scaling-your-lease-accounting-software/)
- [Choosing Lease Software That Manages Your Data Well](https://ileasepro.com/how-the-right-lease-software-will-help-you-manage-lease-data/)
- [How to Set Up Lease Accounting Software for ASC 842](https://ileasepro.com/how-to-set-up-lease-accounting-software/)
- [What Lease Accounting Software Does: Features to Compare](https://ileasepro.com/what-does-lease-accounting-software-do/)
- [Lease Accounting Software Pricing: What It Really Costs](https://ileasepro.com/lease-accounting-software-pricing/): The published cost of ASC 842 lease accounting software by portfolio size, the five things that move the number, and how to compare vendors when most of them …
- [Lease Accounting Under ASC 842: A Practical Overview](https://ileasepro.com/lease-accounting/)
- [Lease Software Features Required for ASC 842](https://ileasepro.com/what-are-the-key-features-of-a-lease-accounting-software/)

## Tax & Financial Impact

- [ASC 842 and Your Ratios: Debt-to-Equity, Current, ROA](https://ileasepro.com/blog/how-asc-842-impacts-key-financial-ratios-and-leasing-strategies-for-businesses/): Explore the impact of ASC 842 on essential financial ratios like debt-to-equity, current ratio, and ROA, which stakeholders use to assess financial health. …
- [ASC 842 Deferred Tax: Treatment and Worked Examples](https://ileasepro.com/blog/navigating-tax-implications-asc842-lease-accounting/): ASC 842 has transformed lease accounting by requiring both operating and finance leases to be recorded on the balance sheet, impacting taxable income, deferred …