Free Lease Accounting Tools

About Our Lease Accounting Tools

Embedded Lease Tool

The Embedded Lease Test helps determine if one of your contracts contains an embedded lease. The tool walks you through a series of questions covering specific language often used in contracts that can identify if an embedded lease is included.

For more information about contracts and embedded leases, read the following blogs:

• When Do I Have a Lease? How to Tell if a Contract Contains a Lease
• How to Find and Address Embedded Leases
• Accounting for Service Contracts: Understanding the New Changes

Lease Asset Tracker

As a result of their efforts to become compliant with FASB ASC 842 and IFRS 16, many accountants have discovered that their organizations have more leases than they previously believed. To help manage these leases during the the transition process, we’ve created the Lease Asset Tracker. It’s a free spreadsheet that you can use for documentation and tracking of your lease inventory.

To learn more, read the following blogs:

• How to Conduct a Lease Inventory
• Lease Data for Accounting: How and What to Collect

Capital vs. Operating Lease Tool

The Capital vs. Operating Lease Test walks you through the four tests necessary to determine whether a lease is a capital lease or an operating lease under the current lease accounting standard, FASB ASC 840.

To learn more about these tests as well as how to identify and differentiate between capital and operating leases under both ASC 840 and ASC 842, read our blog, Capital and Finance Lease Accounting: A Comprehensive Example.

Or, if you would like to learn more about the right of use asset and operating lease accounting, read the following blogs:

• ROU Asset and Operating Lease Accounting under ASC 842: Full Guide and Example
• New Lease Accounting Standard: ASC 842 Operating Lease Example and How to Transition

Present Value Calculator

The Present Value Calculator is a downloadable tool that helps you calculate the net present value of minimum lease payments.

To learn more about how to perform the present value calculations for leases, read the following blogs:

• How to Calculate the Present Value of Minimum Lease Payments Using Excel
• How to Create a Lease Liability Amortization Schedule Under the New Lease Rules