Just a year or so back, mere mention of the subject of lease accounting by the chief accountant of the Securities and Exchange Commission caused over 300 companies to restate their financials in terror, so it’s not a subject to be taken lightly — particularly if you’re a lessee. Financial Computer System’s EZ13 software aims to soothe that terror (and relieve lessees of a ton of confusing and time-consuming calculations and judgments) by automating the whole process of lessees’ accounting for leases to comply with FAS 13. Version 2.0 has greatly expanded capacities and a host of new enhancements, and comes in either a Standard or a Lite edition.
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