When To Lease vs. Buy
Deciding whether to lease or buy an item can be a complicated decision. Our Technical Accounting Manager, Amanda Payne, outlines what to consider when faced with the choice whether to lease or buy.
Recent Blogs
Asset Capitalization Accounting Explained with Examples and Journal Entries
1. What is capitalization in accounting? How assets are capitalized 2. Example 1: Fixed asset capitalization Acquisition and capitalization Depreciation: Accounting for value decline Journal entries 3. Example 2: Finance lease right-of-use asset capitalization...
Know Before You Go: Don’t Let a Clause in Your Old Contract Derail Your Software Switch
Changing lease accounting software is a high-stakes move – and rarely a simple one. Most switchers know why their current software is failing and exactly what they want next. They’ve done the research. They’re ready to buy. But the real complications usually hide in...
Discount Rates for FRS 102 Explained
Lease accounting has undergone significant changes with the amendments to FRS 102, the financial reporting standard applicable for organisations in Ireland and the UK. Specifically, Section 20, Leases, introduces a single on-balance sheet model for lessees, requiring...
