Lease Accounting Webinar: Managing Renewals and Ongoing Changes with TechnologyIs this your company's video?
Leases are dynamic, evolving documents. Lease changes – and remeasurements – are common, but how to handle them under ASC 842 is not always straightforward. As unexpected circumstances like COVID-19 interrupt business plans, payments or obligations may have changed in unpredictable ways.
Because lease changes are common, FASB devoted much of ASC 842 to lease remeasurements.
In this webinar, you will learn:
Lease remeasurement scenarios, best practices + requirements under ASC 842
How to optimize your processes ensure timely and complete information
Workarounds to get the job done when your processes don't work as should
About Visual Lease
Visual Lease is the leading lease accounting and management solution, designed to simplify compliance with ASC 842, IFRS 16 and GASB 87. Built with years of embedded knowledge from leading lease experts and CPAs, Visual Leases powerful platform supports any size or type of lease portfolio. Visual Lease is dedicated to providing a first-class customer experience, and offers in-house implementation, lease abstracting, data entry, training and support. Visual Lease accounting software helps simplify all of your lease financials providing you with robust features such as a comprehensive audit trail helps ensure you have full transparency into every input and change through Visual Lease’s audit trail functionality, which makes all changes easily traceable and highly trackable. Visual Lease provides automated calculations that captures the data points required to produce journal entries, so you can spend less time generating accurate calculations. For your integration requirements, our accounting software enables both one-time and recurring integrations with the top ERP systems, including general ledger, accounts payable, and accounts receivable modules. For your instant reporting needs, Visual Lease allows you to configure your own ad-hoc reports or select from a library of standard reports to see the data you want, when you want. Beyond software, it is our goal to ensure your organization remains satisfied and receives a positive, personal customer experience. Across our business, our team of support representatives from implementation and customer success is committed to ensuring you achieve Day 1 compliance and Day 2 success.