Blog Archive FinQuery Blogs ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More Jul 25, 2024 Rent Expense Explained and an Example of Straight-Line Rent under US GAAP Jul 25, 2024 Capital/Finance Lease vs. Operating Lease Explained: Differences, Accounting, & More Jul 25, 2024 Software License Types, Examples, Management, & More Explained Jul 22, 2024 Software Decommissioning Made Easy: How Software Management Tools Streamline Access Removal Jul 19, 2024 Deferred Rent under ASC 842 Explained with Examples and Journal Entries Jul 15, 2024 Operating Expenses Explained: Types, Examples, Accounting, & More Jul 1, 2024 Be a Budget Hero: 5 Tips for Effective SaaS Budgeting Jun 28, 2024 10 Essential Tips for Effective Contract Negotiation Jun 20, 2024 Best Practices for Creating a SaaS Center of Excellence Jun 20, 2024 Lessor vs. Lessee: Differences, Accounting, & More Explained Jun 17, 2024 Prepaid Rent and Other Rent Accounting for ASC 842 Explained (Base, Accrued, Contingent, and Deferred) Jun 16, 2024 Overpaid Rent: 5 Ways that Businesses Overpay Rent and Don’t Know It Jun 15, 2024 FASAB Overview (Federal Accounting Standards Advisory Board) Jun 15, 2024 Provisioning and Deprovisioning Software: Risks, Processes, and More Explained Jun 13, 2024 Software License Management Explained and Best Practices Jun 12, 2024 A Step-by-Step Guide to Determining SaaS Cost Per Employee Jun 10, 2024 Making the Business Case for Financial Contract Management Software Jun 1, 2024 Streamline Your Lease Accounting with Catch-Up Lease Actions May 28, 2024 New Self-Study CPE Offering: Access Premium Educational Content at Your Convenience, Free of Charge May 20, 2024 Transforming User Lifecycle Management to Unlock Efficiency May 18, 2024 Preparing for Budget Season: How a Mid-Year SaaS Review Can Help May 13, 2024 CLM + FCM: A Comprehensive Approach to Contract Management Explained May 10, 2024 The Art of Shrinking: Lease Adjustments in Real Estate Downsizing May 10, 2024 Software Contract Management: Driving Efficiency for Businesses May 3, 2024 Financial Contract Types and More Explained for CFOs and Finance Pros May 3, 2024 Application Rationalization: Overview, Key Benefits, and How to Implement Apr 29, 2024 Unlocking the Power of Lease Accounting Data: A Guide for FP&A Apr 26, 2024 The Emergence of AI in Accounting for Manufacturers Apr 20, 2024 Commercial Lease Overview: Lease Types, Management, Accounting, & More Apr 19, 2024 Software Asset Management Guide: Best Practices, Processes, Tools, & More Apr 18, 2024 What Is SaaS? SaaS, PaaS, and IaaS Explained Apr 18, 2024 How IT Teams Can Take on SaaS Management Challenges Apr 15, 2024 Revolutionize Financial Management with Contract & Spend Intelligence Apr 5, 2024 What Is SaaS Sprawl and What Can You Do About It? Apr 5, 2024 Bonds Payable: Understanding the Basics of Accounting for Bonds Apr 5, 2024 SaaS Management Overview: Platforms, Operations, Spend & More Explained Mar 29, 2024 Crucial Items in Preparing for Acquisition or Sale: Your Software and Contracts Mar 29, 2024 Adjustments and Reclasses in Accounting: Understanding the Basics Mar 24, 2024 Software Subscriptions vs. Licenses: Differences, Benefits, & More Mar 22, 2024 Contract Management in Excel: Advantages, Disadvantages, and More Explained Mar 21, 2024 Materiality, Immateriality, and Material Misstatements in Accounting Explained Mar 7, 2024 Embracing Change: A Journey from LeaseQuery to FinQuery Feb 26, 2024 CapEx vs. OpEx: Capital and Operating Expenses Explained Feb 19, 2024 Financial Contract Management: A Guide for Finance Teams Jan 30, 2024 From Chaos to Control: A Five-Step Approach to Effective SaaS Spend Management for CFOs and Their Teams Jan 26, 2024 The Operating Budget: A Step-by-Step Approach Jan 16, 2024 Managing SaaS Expenditures: Key Questions for CFOs to Consider Jan 16, 2024 Financial Contract Tracking: What You Need to Know Jan 4, 2024 How to Replace Your Lease Accounting Solution Dec 13, 2023 SaaS / Software Subscription Accounting under US GAAP Dec 5, 2023 November 2023 Accounting Tech Summit Recap Nov 29, 2023 Our Recipe For The Perfect SaaS Spend Management Strategy Nov 22, 2023 There’s Still Time to Improve Your Lease Accounting Nov 20, 2023 NetSuite Lease Accounting: What You Need to Know Nov 7, 2023 Expense Management vs. SaaS Spend Management: What’s the Difference? Oct 29, 2023 Outsourcing Your Lease Accounting: 4 Best Practices to Consider Oct 20, 2023 What Is Shadow IT? How Do You Deal With It? Oct 16, 2023 How to Replace Excel as Your Lease Accounting Solution Oct 15, 2023 Do You Know How Much Your Company Spends on Software? Oct 6, 2023 Power Users vs. Administrators: Roles, Responsibilities, and More Explained Oct 6, 2023 Corporate Budgeting for Fixed Assets, Leases, and Software Oct 2, 2023 Software License Audits and Why You Need One Sep 22, 2023 Software Capitalization Rules under US GAAP and GASB Sep 18, 2023 What Are Zombie Accounts and How Do You Fix Them? Sep 15, 2023 What Is an Embedded Lease? How to Determine If You Have a Lease within a Contract Aug 28, 2023 Tips to Ace Your ASC 842 Audit Aug 21, 2023 Prepaid Expenses Guide: Accounting, Examples, Journal Entries, and More Explained Aug 9, 2023 The Impact of AI in Accounting: Embracing the Future of Finance Aug 7, 2023 5 Reasons to Ditch Spreadsheets Jul 27, 2023 Spreadsheets vs. Software Jul 27, 2023 Optimize NetSuite ERP Software with Integrations Jul 27, 2023 Fixed Asset Accounting Explained with Examples, Journal Entries, and More Jul 20, 2023 What is SaaS License Management Software? Jun 30, 2023 2023 Accounting Tech Summit: Valuable Insights Jun 30, 2023 ASC 840 vs ASC 842: Differences between the Old and New Lease Accounting Standards Jun 29, 2023 What Nonprofits Need to Know About ASC 842 Jun 5, 2023 Right-of-Use Asset (ROU Asset) and Lease Liability for ASC 842, IFRS 16, and GASB 87 Explained with an Example Jun 3, 2023 Helping Your Accounting Team Succeed on NetSuite May 24, 2023 Leases Are More Than Just Real Estate & All Industries Have Leased Assets May 22, 2023 Tenant Improvement Allowance Accounting under ASC 842 Explained with a Full Example May 16, 2023 How to Calculate the Present Value (PV) of Future Lease Payments in Excel May 2, 2023 GASB 96 Disclosure Requirements for Governments Explained with an Example Apr 24, 2023 Depreciation Expense & the Straight-Line Depreciation Method Explained with a Fixed Asset Example & Journal Entries Apr 10, 2023 Related Party Leases under ASC 842: Review of the Accounting Changes Apr 10, 2023 March 2023 LeaseQuery GASB Summit: Key Insights Apr 3, 2023 What Is a SBITA? How to Know if Your Organization Has Them Mar 30, 2023 What Are Fixed Assets? Fixed Assets in Accounting Explained Mar 27, 2023 SaaS Spend Management Explained and Best Practices Mar 20, 2023 Operating Lease Accounting under ASC 842 Explained with a Full Example Mar 12, 2023 What Is Contract Management? Everything You Need to Know Mar 6, 2023 Post-Transition Policy and Procedure Considerations for Lease Accounting Feb 27, 2023 Signs It’s Time to Break Up With Your Lease Accounting Software Feb 14, 2023 2022 Year In Review Feb 6, 2023 IFRS 16 vs. ASC 842 (US GAAP) Lease Accounting: What Are the Differences? Jan 30, 2023 Capital Lease Accounting and Finance Lease Accounting under ASC 842 Explained with a Full Example Jan 27, 2023 Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example Jan 17, 2023 How to Keep Your Accounting Team Happy in 2023 Jan 13, 2023 The Accountants Gift Guide – Tech Wishlist Nov 29, 2022 Documenting ASC 842 Policies and Procedures Nov 20, 2022 Why Fixed Asset Software Isn’t Suitable for the New Lease Accounting Standards Nov 8, 2022 Don’t Ghost The New Accounting Standards Oct 17, 2022 September 2022 Accounting Tech Summit Recap Oct 3, 2022 Debt Accounting under ASC 470 and GASB 34: Overview, Loans/Notes Payable, and Bonds Payable Sep 30, 2022 Sale-Leaseback Transactions and Accounting under ASC 842 Explained Sep 21, 2022 Lease vs. Buy Analysis and Calculator for Business – How to Determine When to Lease or Buy an Asset Sep 9, 2022 Qualitative Disclosures for the New Lease Accounting Standards: What You Need to Know Sep 1, 2022 Asset Capitalization Explained with a Lease Example Aug 3, 2022 SFFAS 54: FASAB Lease Accounting Explained with a Full Example Jul 25, 2022 Dive Into Day Two Lease Accounting Jul 18, 2022 Accrued Rent Accounting under ASC 842 Explained Jul 11, 2022 Lease Payments: Establishing the Lease Liability/Asset & Receivable under GASB 87 Jun 17, 2022 GASB 96 Explained: Accounting for Subscription-Based IT Arrangements with Calculations and a Full Example Jun 14, 2022 Determining the Correct Dates & Lease Term from a Lease Agreement under GASB 87 Jun 10, 2022 May 2022 GASB Update: Statement No. 99 Explained (GASB 87 & GASB 96) May 27, 2022 Initial Direct Costs under ASC 842 Explained: Summary, Full Example May 24, 2022 May 2022 FASB LEASE Summit: Important Lease Accounting Insights May 20, 2022 May 2022 GASB Lease Summit: Lease Accounting Advice from Industry Experts May 12, 2022 Lease Payments: Establishing the Initial Lease Liability & ROU Asset under ASC 842 May 9, 2022 GASB 87 & GASB 96 Efficiencies: Similarities, Differences, Adoption Tips, & More Apr 29, 2022 GASB 87 Explained with a Full Example of the New Governmental Lease Accounting Standards Apr 20, 2022 How to Conduct an Inventory of Your Leases under GASB 87 Apr 18, 2022 Determining the Correct Dates & Lease Term from a Lease Agreement under ASC 842 Apr 1, 2022 Goodwill in Accounting Overview: Definition, How to Calculate It, and More Mar 29, 2022 Spring Cleaning for Lease Accounting: Give Your Lease Accounting a Fresh Look Mar 25, 2022 ASC 805 Business Combinations & Lease Accounting Explained Mar 18, 2022 Government Fund Accounting: GASB 87 Leases Within GASB 34 Consolidation to ACFR Mar 7, 2022 Accounting Trends in 2022: The Top Digital Trends Affecting Accounting Mar 1, 2022 Lease Accounting Explained: New Standards, Lessee vs. Lessor, Changes, Calculations, & More Feb 25, 2022 How to Conduct an Inventory of Your Leases Feb 11, 2022 GASB Explained: Government Accounting Standards, New GASB Standards, and a Full List of Statements Feb 3, 2022 Lease Commencement Date and Start Date for US GAAP Accounting Explained Jan 21, 2022 2021 Infographic: A LeaseQuery Year in Review Jan 11, 2022 How To Convince Your Board You Need a GASB Software Solution Dec 23, 2021 The Ultimate GASB Gift Guide Dec 15, 2021 Lease Modifications and Remeasurements under ASC 842 Dec 10, 2021 Government Fund Accounting: Types of Funds and Leases under GASB 87 w/ Journal Entries Nov 24, 2021 Investment Accounting Methods under US GAAP Explained Nov 12, 2021 Benefits of Lease Accounting Software for Dual-Filers Nov 12, 2021 Asset Retirement Obligation (ARO) Accounting Example for Real Estate Nov 11, 2021 Accretion Expense Accounting Explained with Full Example and Journal Entries Nov 11, 2021 Environmental Liabilities Accounting vs. Asset Retirement Obligations under ASC 410-30 Nov 11, 2021 ARO (Asset Retirement Obligation) Accounting Example for Oil and Gas Production Nov 11, 2021 Asset Retirement Obligation (ARO) Accounting under ASC 410 and ASC 842 Explained with Example Nov 10, 2021 Lease and Non-Lease Components under ASC 842: Electing the Practical Expedient Nov 5, 2021 Capital Lease Impairments under GASB 87: Example, Journal Entries Oct 29, 2021 GASB 87 for Higher Education: What You Need to Know for Compliance Oct 29, 2021 Don’t Let the New Lease Accounting Standards Spook You Oct 15, 2021 Interest Rates under ASC 842 Explained: Implicit, Incremental Borrowing, Risk-Free Oct 1, 2021 LEASE Summit: Accounting Experts Share Key Tips for the Adoption Process Sep 29, 2021 Equipment Lease Accounting under ASC 842 and the Benefits of Leasing Equipment vs. Buying Explained Sep 24, 2021 How to Transition to ASC 842: A Step-by-Step Guide Sep 17, 2021 GASB 51 vs. GASB 96: Similarities and Differences in Accounting Treatment Sep 10, 2021 IFRS 16 Disclosure Requirements for Lessees with Examples Aug 27, 2021 The Benefits of Early Adoption of ASC 842 and GASB 87 Aug 20, 2021 How to Account for Leases under IFRS 16 for Small Businesses Aug 4, 2021 Lease Accounting Transition Advice from the Experts Aug 3, 2021 GASB 87 Accrued Interest Example: Calculating the Liability Amortization Jul 23, 2021 Five Tips for Small Business Lease Accounting Jul 23, 2021 How to Find the Best Lease Management Software Jul 2, 2021 FASB Proposes Amendment for Guidance on ASC 842 Discount Rate Jul 2, 2021 Lease Amendment Accounting Explained: Expansion of Leased Premises Jun 18, 2021 Interest Expense Calculation Explained with a Finance Lease Example and Journal Entries Jun 12, 2021 GASB 87 Sale-Leaseback and Lease-Leaseback Accounting Transactions Jun 4, 2021 Impact of the Lease Accounting Transition and COVID-19 on Balance Sheet Liabilities May 28, 2021 Accounting for Partial Disposals of Equity Method Investments under ASC 323 May 28, 2021 Calculating a Lease Liability Amortization Schedule in LeaseGuru Accounting Software May 21, 2021 GASB 87 Disclosure Requirements for Lessees Explained with Examples May 14, 2021 Equity Method Accounting for Distributions Exceeding the Carrying Value (ASC 323) May 6, 2021 Accounting for Loss from Equity Method Investments Mar 31, 2021 Lease Accounting on the CPA Exam: Changes & What You Need to Know Mar 12, 2021 Practical Expedient in Accounting Explained: Adopting ASC 842 and IFRS 16 with Ease Mar 8, 2021 GASB 87 Lessor Accounting Example with Journal Entries Feb 24, 2021 IFRS 16 Leases: Summary, Example, Journal Entries, and Disclosures Feb 6, 2021 Accounting for Service Contracts: Software Licenses & Leases Jan 25, 2021 2020 Infographic: A LeaseQuery Year in Review Jan 11, 2021 Financial Statement Audits for Leases: Testing Dec 23, 2020 GASB 87 Training: 10 Resources and Tips to Ease Your Transition Dec 14, 2020 Leasehold Improvements Accounting and Amortization under US GAAP Dec 7, 2020 Goodwill and Basis Differences in the Equity Method of Accounting (ASC 323) Nov 29, 2020 Financial Statement Audits for Leases: Assessing Risks and Controls Nov 20, 2020 ASC 350-40: Internal-Use Software Accounting & Capitalization Nov 13, 2020 Sublease Accounting under ASC 840 and ASC 842 Nov 2, 2020 How to Calculate Interest Rate Implicit in the Lease for GASB 87 Oct 20, 2020 Excel Accounting Functions, Practices, Tips, and Tricks Oct 9, 2020 Accounting Tech Innovation Summit: Memorable Takeaways on How to Thrive in the Future of Accounting Oct 1, 2020 What Is Lease Management / Lease Administration? Sep 28, 2020 Interest Rate Implicit in the Lease under IFRS 16 Explained Aug 27, 2020 Accounting for Rent Concessions under IFRS 16 as a Result of the COVID-19 Pandemic Aug 20, 2020 Preparing for Your First Post-Transition Lease Accounting Audit Aug 17, 2020 The Equity Method of Accounting for Investments and Joint Ventures under ASC 323 Aug 7, 2020 IRS Section 179, ASC 842, and the Impact on Lease vs. Buy Decisions Jul 31, 2020 Rent Abatement and Rent-Free Period Accounting under US GAAP Jul 27, 2020 Lease Incentives under ASC 842 Explained with a Full Accounting Example Jul 10, 2020 Discount Rate Implicit in the Lease under ASC 842 Jul 1, 2020 Potential Impairments of Leased Assets and the Right-of-Use Asset under ASC 842 and IFRS 16 Jun 25, 2020 Rent Deferment: 6 Tips for Negotiating a Rent Deferral with Your Landlord Jun 19, 2020 How to Account for Partial Lease Terminations Jun 12, 2020 Rent Concession Accounting under ASC 842 during COVID-19: Full Explanation and Example May 15, 2020 Managing Remote Employees in Accounting Successfully Mar 27, 2020 Improving Capital Budgeting Decisions Using Finance and Accounting Tools Mar 26, 2020 Off-Balance-Sheet Financing (OBSF) and Liabilities Impacted by New Operating Lease Accounting Rules Mar 20, 2020 Financial Statement Audits for Leases: Planning Mar 12, 2020 Lease Accounting Compliance: Five Things To Remember Mar 5, 2020 ASC 842 Disclosure Requirements: Example and Explanation Feb 28, 2020 How the Lease Accounting Changes Have Impacted Balance Sheet Liabilities Feb 20, 2020 CEO & Founder, George Azih Leadership Profile Feb 18, 2020 Lease Termination Accounting under FASB, IFRS, and GASB: Options to Terminate, Costs, and More Feb 14, 2020 GASB 62 to GASB 87 – Eight Tips to Ease the Transition Feb 11, 2020 Lease Accounting for Small Businesses: What You Need to Know Jan 31, 2020 Incremental Borrowing Rate for IFRS 16, ASC 842, and GASB 87: Discount Rates and When to Use Them Dec 18, 2019 Evaluating Financial Application Software from an IT and Security Perspective Dec 4, 2019 Lease Abandonment Accounting: Common Questions and a Full Example Nov 20, 2019 Lease Liability Amortization Schedule: How to Calculate It in Excel Nov 18, 2019 How To Wake Up from these 9 Lease Accounting Nightmares Oct 30, 2019 Audit Procedures for Leases under ASC 842 Oct 24, 2019 GASB 87 vs ASC 842: Five Differences from a Lessee’s Perspective Oct 24, 2019 Accounting Year-End Checklist: How to Prepare for Year-End Closing Oct 17, 2019 From Coffee Shops to Corner Offices: How LeaseQuery Built a Brand Accountants Can Trust Oct 11, 2019 Accounting for Lease Modifications under ASC 842, Part 2: Operating to Finance Oct 2, 2019 GASB 87: Two Examples of How to Transition for Lessees Sep 27, 2019 VP of Accounting: Jennifer Booth Leadership Profile Sep 17, 2019 Lease Modification Accounting under ASC 842: Operating Lease to Operating Lease Aug 28, 2019 The GASB 87 Implementation Guide Is Here Aug 21, 2019 The Accountant’s Journey toward Lease Accounting Adoption Aug 16, 2019 5 Things I’ve Learned In My Year Working With Endeavor Aug 13, 2019 What Is the Early Impact of ASC 842 for Investors? Aug 8, 2019 How to Choose the Right Accounting Software for Your Business Jul 12, 2019 Accounting Department Best Practices Jul 5, 2019 GASB 13: A Comprehensive Example Jun 14, 2019 Building Your Lease Accounting Practice: What You Need to Know May 23, 2019 Efficiency in Accounting: Improve Productivity with These 6 Tips Apr 1, 2019 4 Ways to Improve Financial Reporting Quality and Processes Mar 1, 2019 How to Prepare for an Audit of Your Financial Statements after Transitioning to IFRS 16 and ASC 842 Feb 20, 2019 Lease Accountant Hiring Questions: Here’s What to Ask in the Interview Nov 1, 2018 10 Topics to Consider When Creating an RFP for Lease Accounting Software Jul 27, 2018 Restatement of Financial Statements under IFRS 16 and ASC 842: What’s the Impact to Public Companies? Jul 17, 2018 When to Start Your Lease Accounting Project Jul 12, 2018 Why Lease Accounting in Excel Will Set You Up for Non-Compliance Jun 29, 2018 Lease Data for Accounting: How and What to Collect May 24, 2018
ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More Jul 25, 2024
Software Decommissioning Made Easy: How Software Management Tools Streamline Access Removal Jul 19, 2024
Prepaid Rent and Other Rent Accounting for ASC 842 Explained (Base, Accrued, Contingent, and Deferred) Jun 16, 2024
New Self-Study CPE Offering: Access Premium Educational Content at Your Convenience, Free of Charge May 20, 2024
From Chaos to Control: A Five-Step Approach to Effective SaaS Spend Management for CFOs and Their Teams Jan 26, 2024
Right-of-Use Asset (ROU Asset) and Lease Liability for ASC 842, IFRS 16, and GASB 87 Explained with an Example Jun 3, 2023
Depreciation Expense & the Straight-Line Depreciation Method Explained with a Fixed Asset Example & Journal Entries Apr 10, 2023
Capital Lease Accounting and Finance Lease Accounting under ASC 842 Explained with a Full Example Jan 27, 2023
Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example Jan 17, 2023
Debt Accounting under ASC 470 and GASB 34: Overview, Loans/Notes Payable, and Bonds Payable Sep 30, 2022
Lease vs. Buy Analysis and Calculator for Business – How to Determine When to Lease or Buy an Asset Sep 9, 2022
GASB 96 Explained: Accounting for Subscription-Based IT Arrangements with Calculations and a Full Example Jun 14, 2022
GASB 87 Explained with a Full Example of the New Governmental Lease Accounting Standards Apr 20, 2022
Lease Accounting Explained: New Standards, Lessee vs. Lessor, Changes, Calculations, & More Feb 25, 2022
GASB Explained: Government Accounting Standards, New GASB Standards, and a Full List of Statements Feb 3, 2022
Asset Retirement Obligation (ARO) Accounting under ASC 410 and ASC 842 Explained with Example Nov 10, 2021
Equipment Lease Accounting under ASC 842 and the Benefits of Leasing Equipment vs. Buying Explained Sep 24, 2021
Accounting Tech Innovation Summit: Memorable Takeaways on How to Thrive in the Future of Accounting Oct 1, 2020
Potential Impairments of Leased Assets and the Right-of-Use Asset under ASC 842 and IFRS 16 Jun 25, 2020
Off-Balance-Sheet Financing (OBSF) and Liabilities Impacted by New Operating Lease Accounting Rules Mar 20, 2020
Lease Termination Accounting under FASB, IFRS, and GASB: Options to Terminate, Costs, and More Feb 14, 2020
Incremental Borrowing Rate for IFRS 16, ASC 842, and GASB 87: Discount Rates and When to Use Them Dec 18, 2019
How to Prepare for an Audit of Your Financial Statements after Transitioning to IFRS 16 and ASC 842 Feb 20, 2019
Restatement of Financial Statements under IFRS 16 and ASC 842: What’s the Impact to Public Companies? Jul 17, 2018
