Lease accounting is a complex process involving the recognition and measurement of lease liabilities and corresponding lease assets. It has traditionally been a time-consuming and error-prone task for property management firms.
LONG BEACH, CA, December 11, 2024 /24-7PressRelease/ — Lease accounting, once a complex and time-consuming task, has been revolutionized by advanced software solutions. Sage Intacct, lease accounting software, empowers real estate and property management firms to streamline operations, enhance accuracy, and ensure compliance with accounting standards.
Understanding the Benefits
Automation: Automate routine tasks like data entry, calculations, and reporting to reduce manual effort and minimize errors.
Centralized Data Management: Store all lease-related information in a centralized database for easy access and improved accuracy.
Compliance: Ensure compliance with accounting standards like ASC 842 by leveraging built-in features and templates.
Improved Financial Reporting: Generate accurate and timely financial reports to make informed decisions.
Enhanced Auditability: Streamline the audit process and reduce the risk of audit findings.
Learn more in this entire article: “Lease Accounting Software Efficiencies for Real Estate and Property Managers.“
Sage Intacct Accountants Program (SIAP) partners offer specialized expertise and comprehensive solutions to help real estate and property management firms maximize the benefits of lease accounting software.
By partnering with an SIAP Partner, real estate and property management firms can streamline their lease accounting processes, reduce errors, and improve overall financial performance.
Windes is a leading provider of accounting, assurance, tax, and business consulting services.
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