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Commercial Real Estate Articles

Lessor vs. Lessee: Differences, Accounting, & More Explained

1. Lessee meaning 2. Lessor meaning Lessor vs. lienholder 3. Who are the lessor and the lessee in rental agreements? Commercial real estate Lessor and lessee in subleases Sale-leaseback transactions 4. What is lessor’s risk insurance? 5. Differences in lessor vs....

Streamline Your Lease Accounting with Catch-Up Lease Actions

Accounting is often seen as a profession focused on the past, meticulously recording and reporting financial activities that have already occurred. While finance predicts the future and operations manage the present, accountants diligently keep the financial records....

The Art of Shrinking: Lease Adjustments in Real Estate Downsizing

Working from home began as a two week “temporary” experiment in March 2020 at the start of the COVID 19 pandemic. Over four years later, remote work has evolved into the new normal as companies and employees realize they can operate as efficiently, if not more...

Unlocking the Power of Lease Accounting Data: A Guide for FP&A

Financial Planning & Analysis (FP&A) plays a crucial role as a strategic partner to the business, utilizing financial analysis and forecasting to help guide decision-making. Their responsibilities include drafting budgets and forecasts, optimizing the...

Embracing Change: A Journey from LeaseQuery to FinQuery

I wanted to take a moment to share with you a significant milestone in our journey together. As you may have already heard, LeaseQuery has now evolved into FinQuery, marking a new chapter in our story. Read our story here Why now? This rebranding represents not just a...

CapEx vs. OpEx: Capital and Operating Expenses Explained

1. CapEx (Capital Expenditures) How is CapEx reported? 2. OpEx (Operating Expenses) How is OpEx reported? 3. Is software CapEx or OpEx? 4. CapEx vs OpEx: Which is better? 5. Summary 6. Related articlesEvery company has a variety of costs, from office leases to...

Financial Contract Management: A Guide for Finance Teams

1. What is financial contract management? 2. Benefits of financial contract management Central repository Visibility Ease of use 3. How these features facilitate budgeting Single source of truth Critical date knowledge Research effectively Visible obligations Quicker...

The Operating Budget: A Step-by-Step Approach

1. Operating budget defined What is the importance of the operating budget? Operating budget vs. capital budget 2. Creating operational budgeting goals Increasing revenue Cutting expenses 3. Largest expenses of the operating budget People expense Rent expense Saas...

Financial Contract Tracking: What You Need to Know

It's that time of year for accountants and finance professionals - the calm before the storm. The auditors left their PBC list when they were doing some interim work in November. If you can just pull together all the various contracts and supporting documentation they...

How to Replace Your Lease Accounting Solution

During many organizations’ initial implementation of the lease accounting standards, a software was selected to assist in crossing the finish line to compliance. If the selection of lease accounting software was frantic or last minute, you may not have had the...

There’s Still Time to Improve Your Lease Accounting

For many organizations, audit season is approaching. This means this is a great time to reassess your current processes and policies for lease accounting. Your organization may have only gone through one or a couple of audits after adopting ASC 842. Post-adoption, new...

NetSuite Lease Accounting: What You Need to Know

Are you considering doing your lease accounting in NetSuite? Oracle NetSuite is one of the most well-known accounting software solutions on the market. Its popularity is due to its wide range of accounting functionalities and superb customer support. While NetSuite is...

Outsourcing Your Lease Accounting: 4 Best Practices to Consider

Businesses are busy. With limited time and resources, and not enough people on staff, it may be time to pass the task of maintaining compliance under the lease accounting standards on to an accountant or consulting firm. Working with an accountant or CPA has numerous...

Corporate Budgeting for Fixed Assets, Leases, and Software

Corporate budgeting is the process of creating a detailed financial plan for an organization. It typically includes forecasting revenues and expenses, to project profits, as well as setting targets and priorities for various departments or programs. It involves...

The Impact of AI in Accounting: Embracing the Future of Finance

In an era defined by technological advancements, the landscape of accounting is undergoing a profound transformation - and just in the nick of time. The media is flooded with warnings about the lack of accountants. As businesses seek to optimize their financial...

What Nonprofits Need to Know About ASC 842

ASC 842 at a glance ASC 842 is the new FASB lease accounting standard. It governs how entities record the financial impact of their lease agreements. The biggest change is the standard now requires all public and private entities reporting under US GAAP to record most...

How to Find the Best Lease Management Software

If you’re in the market for a lease administration tool to help manage your leases, you’ve probably come across several options. How do you decide which lease management software is the best option for you and your company? In this article, we’ll discuss some of the...

What Is Lease Management / Lease Administration?

1. Lease management tasks Ongoing lease management Audits and reporting 2. Who's responsible for lease management 3. Lease management tools Excel Lease management software 4. What's next for lease management 5. Related articlesLease management, sometimes referred to...