Lease Commencement Date: For Lease Accounting
When it comes to leasing, there are many terms used to define specific aspects of a lease and multiple important…
Lease Accounting: Tenant Improvement Allowance
Tenant improvement allowance is a win-win for a commercial real estate space. Landlords are always happy to have their properties improved,…
The Impact of ASC 842 on Corporate Taxes
Experienced accountants and CPA firms understand the importance of following the best accounting practice for your organization’s hefty lease portfolio….
The Secret Benefits of Lease Accounting Software
Lease accounting can be a complex and time-consuming task, especially for companies with a large number of real estate or…
What is Straight Line Expense and How To Calculate It
Straight line expense, also known as the straight line depreciation method, straight line basis, or simply the straight line amortization…
Understanding the ROU Asset Journal Entry
ASC 842 fundamentally changed how accounting departments build their organization’s balance sheet, income statement, and cash flow analysis. In this…