Fully Occupied Scoop: March 2025 Newsletter
Last Updated on March 28, 2025 by Amanda Lee
Dear Lease Lover,
Grab a scoop 🍦— Your monthly commercial real estate round-up is here.
This month, we’re focusing on lease accounting, the backbone of compliance and strategic planning. With the introduction of Occupier’s NetSuite Journal Entry Integration, syncing your lease data just got smoother.
There are also changes on the horizon with the latest FRS 102 standards, and we’re here to help you navigate what they mean for your business. Whether it’s staying compliant or gaining better visibility into your portfolio, we’ve got the insights to keep you ahead of the curve.
🚀 NEW: NetSuite Journal Entry Integration
We’re excited to introduce our NetSuite Integration for Journal Entries! This feature streamlines your monthly close process by seamlessly syncing journal entries from Occupier to NetSuite— saving you time and eliminating manual data entry.
Key Benefits:
✅ Automated Journal Entries
✅ Seamless Integration
✅ Data Validation & Error Handling
✅ Security & Compliance
📄 What is FRS 102 Lease Accounting?
FRS 102 is the new financial reporting standard for the UK and Republic of Ireland, providing a framework for small and medium-sized entities (SMEs).
For commercial tenants, FRS 102 introduces significant changes to how leases are recognized, measured, and disclosed in financial statements. These changes affect everything from balance sheet presentation to profit and loss calculations, potentially impacting key financial metrics that stakeholders use to evaluate your business.
🏆 Occupier Earns New G2 Badges
We’re thrilled to share that we’ve been recognized with new @G2 badges in their Spring 2025 report!
These achievements wouldn’t have been possible without the incredible feedback and support from our amazing customers. Your input drives us to keep improving and delivering the best for you. Thank you for being a part of our journey—we’re so grateful for your trust and partnership!
🎉 Welcome to Our Newest Customers
🌟OCPeep Spotlight
Why do you love working at Occupier?
There are plenty of opportunities to solve real-world problems and feel the satisfaction of knowing you’ll be making someone else’s task easier.
What is your favorite memory at Occupier thus far?
Meeting most of the team at our all hands in Boston. Everyone was really nice and good vibes were all over the place.
What is your favorite thing to do outside of work?
– Go for a walk with my girlfriend, Naty, and our little dog “Olina”
– Prepare (lots of) coffee, gin tonic, and try new foods
– Monthly BBQ with my friends
– Listen to and sometimes play music
– Fiddle around with small scraps of wood and craft something
Favorite movie of all time?
Eternal Sunshine of the Spotless Mind and The Prestige.
Travel destination you would recommend?
Aruba. I’ve been there just once but I’d love to visit again in the future… fell in love with the beaches there.
What’s the best piece of advice you’ve ever received?
Treat others the way you would like to be treated. Always be useful to other people.
🎙️Latest on the Fully Occupied Podcast
Robert Kluger, Chief Development Officer at Kura Sushi, shares the story behind Kura Sushi, a revolving sushi bar restaurant originating from Japan.
📝 Latest on the Occupier Blog
Understanding the lease accounting journal entries involves three key steps: initial recognition and measurement, subsequent adjustments for lease payments, and interest/amortization entries.
A lease accounting month-end workflow is a structured set of tasks and processes that need to be completed at the end of each month to ensure accurate financial reporting and compliance with lease accounting standards.
🎙️ Interested in being on Fully Occupied?
The Fully Occupied Podcast is all about bringing together the CRE, proptech, and
tenant-rep broker world to share their stories in this ever-evolving space.
Apply to be on the podcast!
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