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Lease Accounting
Lease Accounting

Custom Reporting in Lease Management Software: A Comparison Guide

Struggling with rigid lease accounting software? This guide compares custom reporting capabilities across leading platforms like LeaseQuery, Visual Lease, and Occupier — and shows how Spacebase stands out with flexible reporting, entity-level tracking, and support for complex leases like equipment with non-standard terms. Learn why customizable lease management software is essential for accurate reporting and audit readiness.

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Brooke Colglazier

Marketing Manager

Lease Accounting

Accounting for Tenant Improvement Allowances

Tenant improvement allowances (TIAs) are treated as lease incentives under ASC 842. Incentives always reduce the right-of-use asset, but their specific accounting treatment depends on when the incentive payment is received.

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Christian Vanderwall

VP Engineering

Lease Accounting

The ASC 842 Compliance Guide: What Every Commercial Real Estate Accountant Needs to Know

ASC 842 compliance requires accurate lease tracking, financial reporting, and proactive audits to ensure regulatory alignment. This guide walks commercial real estate accountants through key compliance steps, including gathering lease data, calculating liabilities, verifying disclosures, and avoiding common pitfalls. Automating lease management can streamline compliance, reduce errors, and improve financial transparency.

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Brooke Colglazier

Marketing Manager

Lease Accounting

What is an ROU Asset and How Do You Calculate Its Value?

When it comes to lease accounting, one term you’ll often encounter is the Right-of-Use (ROU) asset. Understanding what an ROU asset is and how to calculate its value is essential for businesses looking to stay compliant with lease accounting standards like ASC 842 and IFRS 16. In this article, we’ll dive into what an ROU asset is, its importance in lease accounting, and a step-by-step guide to calculating its value.

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Brooke Colglazier

Marketing Manager

Lease Accounting

What You Need to Know About ASC 842 and IFRS 16 Compliance

For businesses managing commercial leases, compliance with accounting standards is critical to staying on the right side of regulators and ensuring accurate financial reporting. Two major standards, ASC 842 and IFRS 16, have reshaped how companies handle lease accounting, requiring lessees to recognize lease liabilities and right-of-use (ROU) assets on the balance sheet. If you’re managing leases, especially in a multi-location business, understanding and complying with these standards is essential.

Profile picture for Brooke Colglazier

Brooke Colglazier

Marketing Manager