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Our Lease Accounting Experts Answer Your Lease Queries

Accounting for Subleases Under GAAP: The CORRECT Way

George Azih Lease Accounting, GAAP, Sublease Accounting December 6, 2016

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Have you ever leased a space, decided you no longer require it, then subleased the space to a...

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Using Excel to Calculate Present Value of Minimum Lease Payments

George Azih Accounting in Excel December 6, 2016

This is the ONE thing you MUST be able to do under the new lease accounting rules:The new lease accounting rules require the vast majority of leases to be capitalized. The capitalized amount is...

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LeaseQuery SAVED over $28,000 in overpayments for one client. How much could it be COSTING You?

George Azih Accounting in Excel, Lease Accounting Transition December 6, 2016

You won’t believe how much we just SAVED a client!!!

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6 Lease Accounting Errors You’re Probably Making (And How to Fix Them) – PART 2

George Azih Lease Accounting Errors November 25, 2016

This is the second of a two-part series: 6 Lease Accounting Errors You’re Probably Making (And How to Fix Them). Our previous post addressed the first 3 common accounting errors we have found...

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How to Create a Lease Liability Amortization Schedule Under New Lease Rules

George Azih FASB Topic 842 November 22, 2016

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How To Transition From Current to the New Lease Accounting Rules: A Comprehensive Example.

George Azih Lease Accounting Transition November 22, 2016

This week’s blog is a comprehensive example explaining how to transition from current GAAP to the new lease accounting standards. We will be using a real life scenario that one of our clients...

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Lease Accounting: When early access is granted to part of a building at first, then the rest later.

George Azih Lease Accounting, FASB Topic 840 November 22, 2016
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Straight-line calculation for leases where tenant is required to expand in future (Must Takes)

George Azih GAAP, Lease Expansion, Deferred Rent Accounting November 22, 2016

In our last blog, we addressed accounting for leases when a lessee is granted access to a part of a building at first and then granted access to the rest of the building at a later date. This...

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Accounting for Leases with Termination Options

George Azih Lease Accounting, Termination, Cancellation November 22, 2016

In our last blog, we explained how to account for leases where the tenant must take additional property (or expand) in the future. Today’s blog addresses accounting for leases which include a...

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FASB Releases Lease Accounting Standard!

George Azih FASB 842, lease accounting updates February 25, 2016

Today (2/25/2016), the FASB released its long awaited lease accounting standard. The FASB issued the update to increase transparency and comparability among organizations by recognizing lease...

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