Alleviating Lease Accounting Headaches
If medical equipment is covered by the cost of disposable testing supplies, you must gauge whether the arrangements represent leases and allocate costs based on fair value.
Many medical equipment expenses are recorded as operating leases under the new standard. To assess the payment terms and value the new lease accounting balances, you need detailed data about the purchasing agreements.
With the high volume of leases most healthcare facilities handle, automating key calculations is critical. Investing in a proper tool will enhance your efficiency and streamline operations.
Your Guide to a Seamless Transition
Learn how to build a comprehensive lease inventory and accurately transition your leases.
Included in the guide:
- Step-by-step guide to a smooth transition for healthcare professionals
- Keys to pinpointing the right person to lead your transition
- What to look for when selecting a lease accounting software
- Access to useful lease accounting resources and tools