Making a successful transition to the latest lease accounting requirements such as ASC 842, IFRS 16 or GASB 87 can be a complicated task for healthcare organizations holding many different types of leases. The new lease accounting standards are complex out of necessity to capture the challenging, dynamic and often-changing nature of the underlying lease agreements. Using a lease accounting software solution like Visual Lease reduces the risks inherent in manual lease management and puts a secure system in place for getting and staying compliant with regulations.

Discover how Visual Lease software helps organizations:

  • Enhance efficiency through automatically generated calculations, journal entries and disclosure reports
  • Keep more consistent and accurate calculations with an automated system that mirrors your accounting policies and procedures
  • Improve accountability and compliance through audit trails for tracking lease changes

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