Lease Accounting
Turn lease contracts into ASC 842-compliant ROU asset and liability schedules.
Overview
Lease Accounting takes your lease contracts and produces ASC 842-compliant right-of-use asset and lease liability schedules. Enter the lease terms, classification, discount rate, and payment stream, and it calculates the present value, builds the amortization and interest schedules, and gives you the journal entries for each period. Built for controllers and finance teams who need defensible lease numbers without wrestling a spreadsheet.
The problem
Maintaining ASC 842 right-of-use asset and lease liability schedules by hand in spreadsheets is error-prone, hard to audit, and breaks every time a lease is modified.
How it works
You enter lease terms, classification, payments, and a discount rate; the tool computes the present value of payments, then generates the lease liability amortization and ROU asset schedules plus period journal entries.
Use cases
- Building ROU asset and lease liability amortization schedules from a new lease contract
- Generating period journal entries for lease expense, interest, and amortization during month-end close
- Producing defensible, auditable ASC 842 lease schedules to support the financial statements and disclosures
Tech stack
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