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Lease administration can be full of landmines. A small misstep—like forwarding the wrong invoice—can trigger massive financial consequences. In this case, it led to a $100,000 overpayment that took months to unwind.  This really happened. The details…

Capital lease accounting, also known as finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. This approach requires the lessee to recognize both the asset and the corresponding lease li…

The new lease accounting standards—ASC 842 lease accounting for U.S. GAAP and IFRS 16 for international reporting—are a significant change for companies, lessors, and investors alike. Staying compliant while ensuring your financial reporting is accur…

Making the right decision between capital and operating leases is essential for businesses to manage finances effectively. These two lease types differ in their accounting treatment, financial implications, and operational considerations. This guide …

A triple net lease (NNN) is one of the most popular types of commercial real estate leases in the U.S. It’s especially common for retail spaces, restaurants, and other franchise businesses. With a triple net lease, tenants are responsible for more th…

Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. And it would be – if the business landscape never changed. While Excel can be a great starting point, it c…

In the highly competitive world of property management, staying on top of your portfolio is the key to success. However, juggling leases can be a complex task of documents, deadlines, and specifics that often challenge even the most experienced lease…

Healthcare organizations face numerous challenges, ranging from managing their resources efficiently to ensuring regulatory compliance and providing the best possible care to patients. One of healthcare organizations’ most significant challenge…