In this blog, we will give an example of how to account for a lease modification under ASC 842 that does not expand or add additional assets to the original lease, but rather increases the lease...
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The Accountant’s Journey toward Lease Accounting Adoption
The journey toward adopting the new lease accounting standards (ASC 842, IFRS 16, and GASB 87) isn’t easy - there are numerous pitfalls that can happen along the way. While the deadline for public...
5 Things I’ve Learned In My Year Working With Endeavor
Endeavor's Impact on LeaseQuery's Growth Last week I had the pleasure of attending the Endeavor Catalyst Investor meeting in San Francisco, CA. During my time there, I was able to attend a fireside...
What Is the Early Impact of ASC 842 for Investors?
Now that public companies have completed or are in the final stages of their lease accounting transition, we can get an idea of what the ripple effect of the new lease accounting guidance will be...
How to Choose the Right Accounting Software for Your Business
For accountants at mid-sized and small companies, buying software isn’t a regular occurrence. Companies don’t invest as heavily in accounting as they do in marketing and IT. And when they do, the...
Accounting Department Best Practices
Turnover, major projects, and organizational changes can make it difficult for teams to work together effectively, despite all of your best efforts. Every now and then, it’s worthwhile to do a gut...
Building Your Lease Accounting Practice: What You Need to Know
The new lease accounting standard creates new opportunities for accounting and advisory firms. Your clients will need guidance on interpreting the standard, developing their policies, and...
Efficiency in Accounting: Improve Productivity with These 6 Tips
Time – no matter what you do, it seems like there’s never enough of it. Fortunately, there are small things that you can do to make the most of your time and improve the efficiency of your...
4 Ways to Improve Financial Reporting Quality and Processes
To say that financial reporting regulations have changed in the past 20 years would be an understatement. We’ve seen significant recommendations made by The Securities and Exchange Commission (SEC),...