Is Excel the Right Tool for ASC 842 Compliance?
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Materiality, Immateriality, and Material Misstatements in Accounting
1. What is materiality in accounting? 2. What does it mean if something is immaterial in accounting? 3. What is a material misstatement? 4. How does materiality relate to leases, subscriptions, and fixed assets? 5. Related articlesWhat is materiality in accounting?...
Why Integration is Key: Connecting Your Accounting Solutions with Your ERP System
Without a direct connection between your lease accounting software and your ERP system, data must be manually transferred between the two systems, increasing the risk of errors, inconsistencies, and delays. This can significantly impact the accuracy and reliability of...
Don’t Get Caught Off Guard: A Step-by-Step Guide to Facing a Software Sunset
The sun is setting on your lease accounting software. The software you rely on might be reaching its end-of-life, with no further updates or security patches. Or perhaps the vendor is phasing it out entirely, leaving you without critical support. Now you are on the...