On-demand webinar: Sustainable lease accounting: Maintaining compliance through Day 2 and beyondIs this your company's video?
When FASB and IASB first announced the lease accounting standards ASC 842 and IFRS 16, respectively, companies scrambled to pull together their lease data and implement procedures and tools to generate the required disclosures.
But as leases changed, many companies struggled to maintain compliance as they didn’t realize the complexity of managing leases, accounting for changes throughout the year, and the implications these requirements would have on cross-functional teams outside accounting.
In this webinar, you will learn:
The common roadblocks to sustainable – and auditable – lease accounting compliance
The ongoing changes companies must account for
The impact of day 2 requirements on cross-functional teams
The critical role of technology in streamlining workflows and maintaining compliance
One company’s journey to sustainable compliance.
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.