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
FRS 102 Transition: VAT and Inflation Indices for Leases Explained
Transitioning to FRS 102 is a transformational experience for any business. Most organisations already understand the initial goal, evaluating the lease portfolio, and determining the project scope. However, two critical areas often require deeper exploration: Value...
Interest Expense Calculation Explained with Examples and Journal Entries
1. What is interest? 2. What is accrued interest? 3. Example of interest expense for a loan Interest expense calculation with journal entries 4. Interest expense on finance leases Which reporting frameworks does this apply to? How is finance lease interest expense...
How to Create a Prepaid Amortization Schedule in Excel
What are prepaid expenses? Prepaid expenses, or Prepaid Assets, are recognized on the balance sheet as an asset. Prepaids result from an organization paying for a good or service yet to be received. When an organization prepays for a service or an asset and has the...
