ASC 842 Implementation Services. Compliance made easy.
Occupier provides technical lease accounting implementation support
Lease Accounting – ASC 842 Implementation Services
In-House Solutions Consultant
Partner with the best in class lease accounting solutions consultants in order to gain compliance with ASC 842. Our team has helped private, public and nonprofit organizations transition to the new lease accounting requirements.
Software Configurations
Occupier is your single source of truth for real estate and finance teams. We’ll guide you through accounting for lease modifications, calculating your incremental borrowing rate, lease liabilities and right-of-use assets.
Implementation Best Practices
Our team will collaborate with you on identifying embedded leases, deciding discount rates, and whether or not to implement practical expedients. Every lease portfolio is unique and we work with your team on a smooth transition.
Validation & Testing
Data validation and automated workflows are key to implementing the new lease accounting standards. Occupier will guide you through your audit to ensure your financial statements and balance sheets are in compliance with ASC 842.
ASC 842 Implementation Best Practices
Data
Centralization
ASC 842 poses a significant change. Collecting lease data, embedded contracts, and non-lease components in a centralized inventory is the first step to compliance.
Team
Alignment
Implementing ASC 842 is a team sport. Designate a steering committee, including members from FP&A, Audit, Legal, IT and Real Estate to collaborate.
Accounting Policies
Making informed accounting policy decisions before starting your compliance journey is paramount. Think disclosure requirements, practical expedients, and IBRs
Sustainable Processes
Ensure your lease accounting processes are repeatable and trackable so auditors, and new accounting team members can replicate the operation and calculations.
The Occupier Difference
Occupier is the first lease management software solution built so that whole organizations can collaborate on the entire lease lifecycle. We are working to remove the silos between internal and external departments so that they can automate their lease processes.
Our ASC 842 implementation services enable your finance team to work hand-in-hand with our in-house accounting solutions consultants. We are your partner providing advice, education, and training materials so your team can confidently gain ASC 842 compliance.
With our lease administration and lease accounting software solutions, stay in the know with every new deal and lease your real estate signs. Once abstracted into our system, the new lease is ready for your lessee accounting procedures. Begin to mitigate risk, calculate your liabilities and comply with ASC 842 easily.
Featured Resources
ASC 842 implementation processes start with understanding the accounting standards updates and enabling your organization for early adoption.
Get started with Occupier!
See how Occupier can help you take control of your real estate portfolio
and unlock opportunities within your business’s lease lifecycle.