What does ASC 842 compliance software do?

ASC 842 compliance software automates lease classification, ROU asset and lease liability calculations, amortization schedules, journal entry generation, remeasurements on lease modifications, and disclosure reporting. It maintains a complete audit trail for every calculation and change.

How does Occupier handle ASC 842 compliance?

Occupier automates the entire ASC 842 workflow—classification, initial measurement, ongoing amortization, remeasurement, and disclosure reporting. When you recognize a lease, the system walks you through required inputs (discount rate, incentives, term) and calculates ROU assets and lease liabilities automatically. Journal entries generate based on your accounting calendar. Disclosures, roll-forwards, and trial balance reports are available on-demand or on schedule.

What happens when a lease gets modified or amended?

Occupier detects lease modifications and triggers automatic remeasurement. The system recalculates the lease liability, ROU asset, and updated amortization schedules based on the new terms. You review the calculations, approve the remeasurement, and the system updates your books with full audit trail documentation. What used to take days of manual spreadsheet work now takes minutes of review.

Can Occupier handle multiple accounting standards?

Yes. Occupier supports ASC 842 (U.S. GAAP), IFRS 16 (international), GASB 87 (government), and FRS 102 (UK/Ireland). You can apply different standards to different entities within the same portfolio. The system handles multi-currency and multi-entity reporting, custom accounting calendars (4-4-5, 13-week), and jurisdiction-specific disclosure requirements.

ASC 842 compliance without the complexity

Occupier automates lease accounting compliance for ASC 842, IFRS 16, GASB 87, and FRS 102. Stay compliant and close books faster without increasing headcount.

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Recognition complete

No manual calculations

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Ready to close books

Before vs After

Before Occupier

With Occupier

Before

Manual spreadsheet calculations

Your team rebuilds amortization schedules in Excel every month. One formula error means restating financials.

after

Automated calculations you can trust

Occupier calculates amortization schedules, ROU assets, and lease liabilities automatically. No formulas to break.

Before

Disconnected from lease operations

Real estate updates a lease term. Accounting doesn't find out until auditors ask why the figures do not agree.

after

Real estate and accounting work from the same data

When real estate updates a lease, accounting sees the change immediately. No more surprises during close.

Before

Remeasurements take days

A lease modification triggers remeasurement. You spend a week recalculating the liability and ROU asset instead of minutes.

after

Remeasurements happen in minutes

Lease modification triggers automatic remeasurement. Review the calculations, approve, and move on.

Before

Disclosure prep is a nightmare

Quarter-end and year-end means manually compiling roll-forwards, footnotes, and trial balance reconciliations from multiple spreadsheets.

after

Audit-ready disclosures at the click of a button

Generate roll-forwards, footnotes, and trial balance reports instantly. No manual compilation required.

Before

Audit trail doesn't exist

Auditors ask "why did this number change?" and you have no documentation beyond someone's memory.

after

Complete audit trail for every entry

Every change tracked with who, what, when. Auditors get documentation without digging through email.

Compliance is exactly what
Occupier was built to solve

Occupier eliminates the manual work that makes lease accounting compliance painful. The system handles classification, measurement, remeasurement, and disclosure reporting across ASC 842, IFRS 16, GASB 87, and FRS 102 automatically. Real estate updates flow directly into accounting calculations. Accounting teams focus on reviewing and approving entries.

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Solution Overview

How does Occupier manage
ASC 842 complaince?

Occupier automates the entire ASC 842 workflow, from classification to ongoing reporting

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Classify and recognize leases

Walk through guided workflows for lease classification, discount rate inputs, and initial measurement. Occupier calculates ROU assets and lease liabilities automatically. Your team reviews and approves instead of building schedules from scratch.

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Handle modifications in minutes

When real estate modifies a lease, Occupier detects the change and triggers remeasurement automatically. Review the recalculated values, approve, and move on. Remeasurements that used to derail your close now happen in minutes.

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Generate audit-ready reports instantly

Pull disclosures, roll-forwards, and trial balance reconciliations with one click. Filter by entity, segment, or lease type. Auditors get clean documentation without you compiling spreadsheets manually.

KEY CAPABILITIES

How does Occupier automate ASC 842?

Guided recognition workflows

Step-by-step workflows ensure nothing gets missed:

Lease classification (operating vs. finance, short-term, immaterial
Discount rate inputs, incentives, and initial measurement
ROU asset and lease liability calculations with measurement preview

Every required element captured. Clear explanations at every step. No more guessing if you did it right.

Automatic remeasurement

Lease modifications trigger automatic recalculation when leases change:

System detects changes to lease term, payment amounts, or other key inputs
Remeasurement calculations run automatically (liability, ROU asset, amortization)
Audit trail documents what changed and why

What used to take days of spreadsheet work now takes minutes of review time.

Audit-ready disclosures and reporting

Generate compliance reports instantly: