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Get a Lease Accounting Masterclass Certification
Ready to learn the ins and outs of lease accounting under ASC 842 and become a pro? LeaseQuery is here to help make that possible with our Ultimate Lease Accounting Masterclass!
Whether you think you just need an ASC 842 refresher, or you’re starting from scratch, this 11-lesson class taught by our lease accounting expert, Kiley Arnold, CPA will teach you all the ASC 842 lease accounting basics you need to know.
Lease Asset Tracker
GASB Lease Tracking Template
Embedded Lease Test
GASB Lease Accounting RFP
Lease Accounting Software RFP
GASB 87 Lease Identifier
Lease vs. Buy Calculator
GASB 96 Subscription-Based IT Arrangement Identifier (SBITA)
Present Value Calculator
GASB 96 (SBITA) Contract Tracker
Equity Method Investment Identifier
ASC 842 Lease Classification Test
Rate Implicit Calculator
ASC 842 Lease Accounting Quiz
GASB 87 Lease Accounting Quiz
IFRS 16 Lease Accounting Quiz
About Our Accounting Tools:
LeaseGuru
LeaseGuru is lease accounting software designed for small businesses that have a lease portfolio of nine or fewer leases. The software supports FASB and IFRS reporting standards. Sign up for free today.
Read our related article:
RFP Template for Lease Accounting Software and GASB 87 RFP Template
To help with your software selection process, we have created two RFP templates for lease accounting software. The first is designed for the specific needs of organizations reporting under GASB. Our second template is useful for businesses reporting under other lease accounting standards, such as ASC 842 and IFRS 16:
Related articles on GASB 87 and lease accounting software:
Lease vs Buy Calculator
Lease vs buy analyses are more important than ever now that operating leases are going on the balance sheet. To help you make an informed decision on whether to lease or buy an asset for your organization, we have created the LeaseQuery Lease vs Buy Calculator, a free Excel tool that allows you to perform a break-even analysis and determine the best course of action.
Learn more about what to consider during your lease vs buy decision:
Lease Asset Tracker and GASB 87 Lease Asset Tracker
As a result of their efforts to become compliant with the new lease accounting standards, 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 as well as a GASB-specific Lease Asset Tracker. Use these free spreadsheets for documentation and tracking of your lease inventory.
Related articles on collecting data on your leases:
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.
Read about embedded leases and service contracts:
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 FASB ASC 840.
Related articles on operating leases and capital/finance leases:
Present Value Calculator
Our Present Value Calculator is a downloadable Excel tool that allows you to calculate the net present value of your lease payments, otherwise known as the lease liability.
Learn more about lease liability, the present value calculation, and amortization schedules:
Read Our Lease Accounting Guides
Transition Guide
First Audit eBook
Software Comparison Guide
