ASC 842 Effective Date Update: What You Need to Know

ASC 842 Effective Date Update: What You Need to Know

New lease standard effective date and summary of the recent FASB meeting Last month (July, 2019), FASB met to discuss several outstanding items, including the effective date for lease accounting for private companies and nonprofits. After deliberation and...
How to Choose Accounting Software for Your Business

How to Choose 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 focus is often short-sighted – software is purchased to meet an...
Case Study | Ruoff Frees Up Valuable Time

Case Study | Ruoff Frees Up Valuable Time

With LeaseQuery, Ruoff Frees Up Valuable Time VIEW THE CASE STUDY LeaseQuery offered everything they needed out of the box Challenge With the new lease standard looming, the accounting leaders at Ruoff Home Mortgage knew they needed to invest in a solution for...
GASB 13: A Comprehensive Example

GASB 13: A Comprehensive Example

Similar to the FASB and IASB, the Governmental Accounting Standards Board released guidance updating the accounting for lease agreements. GASB No. 87, Leases, is effective for applicable governmental entities for reporting periods that begin subsequent to December 15,...