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Your resource for complying with lease accounting standards 

Our framework Insights Ways we can help Work with us
Our framework Insights Ways we can help Work with us
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Our framework Insights Ways we can help Work with us
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Our framework Insights Ways we can help Work with us

Required, not optional: Lease accounting standards are here

Most leasing activities must now be recognized on your balance sheet. Confidently meet requirements and compliance deadlines.

If you haven’t yet adopted the new lease accounting standards, make sure you’re up to speed on preparation and compliance. The sooner you get started on implementation, the smoother the process is likely to be. There are challenges to be sure, but solutions exist to help surmount hurdles. 

Simplify and streamline your process

With added data requirements attached to lease reporting, the path to lease accounting compliance can appear difficult. Add in the impact of COVID-19 and managing day-to-day accounting issues and the thought of adopting a new standard may seem daunting.  

Automated technologies, accounting expertise, and strong processes can help ease the burden.

Intense hours of manually filling out spreadsheet entries, once conducted outside core business systems, can now be simplified by software solutions and structured services – helping you implement process advances that make a heavy lift a lighter one. 

Plan to address these impacts of lease accounting changes 

Increased lease transparency
with a clearer view of lease activities on the balance sheet and in the footnotes 
Increased lease transparency
Balance sheet changes
as balance sheets are required to recognize most lease assets and lease liabilities
Balance sheet changes
Dual effect changes
affecting not only policies but also the systems used to manage them
Dual effect changes
Resource constraints
competing for attention among existing accounting processes
Resource constraints
Tax implications
that could affect your organization’s income tax reporting
Tax implications
Ongoing compliance
using processes and controls that govern leasing activities and lease modifications
Ongoing compliance

Position yourself for greater success with implementation using these 6 steps

Insights

10 lessons learned from the new lease accounting standards

ARTICLE

10 observations for private companies’ lease accounting

Private companies implementing the new FASB lease accounting standard can get 10 valuable observations based on companies that already have adopted.
10 lessons learned from the new lease accounting standards

ARTICLE

10 observations for private companies’ lease accounting

Private companies implementing the new FASB lease accounting standard can get 10 valuable observations based on companies that already have adopted.
How to prepare for the new lease accounting standards

ARTICLE

How to prepare for the new lease accounting standards
Accounting for leases: ASC 842 – deferred but not forgotten

ARTICLE

Accounting for leases: ASC 842 – deferred but not forgotten
4 steps to more cost-effective lease management

ARTICLE

4 lease management steps that can lead to more cash

New lease accounting standard

ARTICLE

New lease accounting standard: Right-of-use (ROU) assets
Crowe can help you spend less time on lease accounting and more on key business areas
See case study

Ways we can help

Addressing the complexities of lease accounting head-on is a big part of what we do. We’ve been at this for a long time and are ready to apply our deep expertise and know-how for you today.

Services and solutions

Whether you’re in need of a single solution or comprehensive lease managed services, we’re here with tailored approaches for your specific lease accounting compliance needs.

Look for solutions

Software and technology

Our lease management software is much more than just a compliance tool. We’ve developed real solutions – available all in one place – empowering organizations large and small to streamline their lease accounting processes. 

Crowe Lease Accounting Optimizer for NetSuite

Get an automated solution that’s built right into your existing NetSuite system to work seamlessly.

Explore our solution

Lease management software

Streamline your process with an integrated enteprise resource planning (ERP) solution built on the Microsoft Dynamics 365™ platform.

Explore our solution

Lease accounting for public sector

Simplify your transition to Governmental Accounting Standards Board 87 standards for the public sector – and target inefficiencies at the same time.

Explore our solution

Get an automated solution that’s built right into your existing NetSuite system to work seamlessly.

Explore our solution

Streamline your process with an integrated enteprise resource planning (ERP) solution built on the Microsoft Dynamics 365™ platform.

Explore our solution

Simplify your transition to Governmental Accounting Standards Board 87 standards for the public sector – and target inefficiencies at the same time.

Explore our solution

The expertise you look for when complying with the latest lease accounting standards 

We know this is a complicated topic.
To say that leasing standards are complex is an understatement. But we’re up to the task with the lease management experience needed to make your journey simpler. 

We own proprietary solutions and tools.
We have developed solutions such as the Crowe Lease Accounting Optimizer to ease your compliance process. 

We are here for you.
From planning to implementation to ongoing management, our people are accessible and present to listen and help you navigate the unique challenges you face. 

William C. Watts
Managing Principal, Consumer Markets
phone phone +1 614 280 5227 cancel mail
Dan Edwards
Managing Director, Consulting
phone phone +1 714 668 5348 cancel mail

Contact us

Helping you chart your road ahead to comply with the new lease accounting standards is second nature to us. Reach out for a demo, or ask us about anything you’re looking for.
Start now

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