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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

ASC 842 Commercial Real Estate Content Moved: See the updated guide

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

ASC 842 Lease Accounting Explained: Compliance, Recognition, and Reporting

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