Ane Ohm

As accounting leaders use technology to increase efficiency and reduce workloads, they're finding further benefits in the form of improved accuracy and quality.

Sustaining post-day two compliance requires a rigorous focus on optimizing processes for ongoing management of lease accounting data and entries.

To successfully navigate day two and beyond with lease contracts, organizations must move past manual processes and spreadsheets and instead implement lease accounting software solutions.

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Are you prepared?

The accountant's love affair with the humble spreadsheet is a long and storied one, but Ane Ohm of LeaseCrunch, said in today's age they can carry hidden costs.

Are we overstating the work involved to implement the new lease accounting standard?

While organizations would like to see improvement, the consensus is that big updates could make future implementations more confusing.

There are two key areas that CPA firms should closely watch to manage audit fees in 2020.

Will spreadsheets help in implementing the new lease standard?

Beyond the headline changes lurk a number of interesting intricacies.