LeaseVision is a powerful accounting solution that can help you adopt the latest lease standards with ease. Our innovative support pairs artificial intelligence with robust tools, backed by the decades-long accounting experience of our professionals.
Do you know how many leases your organization has? It isn't always obvious if an agreement is a lease under these new standards. Reviewing your contracts for critical lease terms can be tedious and time-consuming. But not with LeaseVision.
Artificial intelligence software reads your contracts and extracts key lease terms from various lease types, helping you quickly summarize and assess lease components.
You might wonder how your organization can adopt these standards by your reporting deadline. FASB 842 and GASB 87 are the most significant changes to lease accounting in decades. LeaseVision helps reduce the uncertainty of adoption with our implementation road map.
From checklists to timelines, our road map provides an in-depth process framework to help smooth your implementation.
If you’re like most organizations, you recorded your lease activity as an expense. Now that you need to record liabilities and assets on the balance sheet for all leases, you need support to help generate the required records.
Our Excel-based tool can help you perform calculations, develop lease amortization schedules, generate journal entries, and compile quantitative disclosures that comply with the new lease standard.
See firsthand how easy and intuitive our LeaseVision workbook is to use. Our workbook is designed to take you step-by-step through the lease component entry process, starting with determining if a contract is a lease or not and ending with customizable journal entries and disclosures.