Lease Accounting Blog
ROU Assets: Deciphering the Difference
In the dynamic landscape of commercial real estate, accurate asset management is the cornerstone of success. Among the myriad of assets, ROU (Right of Use) assets play pivotal roles. However, distinguishing between “operating” and “finance” assets and effectively managing them can be complex. Asset management is the strategic process of overseeing, optimizing, and maximizing the…
Read MoreSoftware Implementation: Mapping RE & Accounting Communication
During lease accounting software implementation, effective communication and collaboration between accounting professionals and real estate teams are crucial for success. The introduction of new lease accounting standards has added complexity to lease management, making it more challenging to maintain accurate financial records. However, with the advent of lease accounting software, accounting and real estate professionals…
Read MoreOpEx Reconciliations in Commercial RE
In this blog, we will explore key strategies that can help commercial real estate professionals achieve successful OpEx reconciliations.
Read MoreCommercial Lease Administration: Uncovering the Hidden Costs
Commercial lease administration can be complex and confusing, with many hidden costs that can add up over time. It’s essential to thoroughly review lease agreements, consider all potential expenses, and communicate with landlords to identify costs that may arise. Hidden costs in lease administration refer to additional expenses or charges that may not be immediately…
Read MoreLease Accounting Software Solution: ManagePath
Finding a Lease Accounting Software Solution has become increasingly difficult. For businesses to keep up with the evolving rules and regulations regarding leasing, it’s imperative to constantly monitor changes in order to remain in compliance. Over the past few years, the release of new standards requires greater transparency and accuracy in lease accounting. Utilizing a lease…
Read MoreASC 842: Keeping a Lease on the Balance Sheet
If you are not using lease administration software, managing your business’ financial documents can often be difficult to navigate. The GAAP (generally accepted accounting principles) rules and regulations implemented by the Financial Accounting Standards Board (FASB) and the U.S. Securities and Exchange Commission (SEC) are constantly evolving. One of the most tedious tasks is categorizing…
Read More