Applying the New Lease Guidance for Restaurants and Retail
Recent Blogs
Stop the Scramble! Why Uploading Your Leases Now Will Save You Time During Your Next Audit
Audits are stressful enough without having to scramble for documents. One way to streamline the process and reduce stress, at least for the lease accounting portion of your audit, is to ensure all your lease information is readily available and organized. That's where...
Your Accounting Software Vendor Got Acquired? Here’s What to Do Now.
So, the accounting software vendor you rely on for financial reporting, journal entries, and audit support was just acquired. Now what? While it might seem like business as usual at first, this kind of change can have a material impact. Here's your guide to...
GASB 87 Explained with a Full Example of the New Governmental Lease Accounting Standards
1. What is GASB 87? 2. GASB 87 vs. prior GASB guidance: Key differences GASB 87 lease classification What is considered a lease under GASB 87? 3. Key differences: GASB vs. FASB 4. Lessee vs. lessor accounting under GASB 87 5. Example: Accounting for a lease under GASB...
