About Our Lease Accounting Tools:
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.
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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.
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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.