Agile Lease Accounting During Uncertain Times

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Agile Lease Accounting During Uncertain Times

Best Practices for Improving Lease Management

COVID-19 has wreaked havoc on the market for leased real estate and companies’ leasing plans.

In fact, 30% of respondents to a recent survey conducted by Compliance Week and Visual Lease indicated more than 75% of their leased real estate properties were unoccupied due to the coronavirus pandemic.

In addition, more than 60% said they plan to change their approach to leasing business assets.

Now is the time to examine and overhaul your lease management policies and practices while you’re working toward rebuilding and compliance with the new Financial Accounting Standards Board (FASB) standards.

FASB recently voted to extend the deadline for private companies to December 15, 2021. Even if you’re breathing a sigh of relief, don’t make the mistake of putting off the problem.

Download this data-packed whitepaper for the best practices for agile lease management. These insights will help you mitigate risk, protect your company, and maintain compliance with the changing regulations.

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