Lease Accounting Software Built by Accountants for AccountantsContact Us
simpLEASE makes the FASB’s Accounting Standards Certification (ASC 842) simple. Designed to solve leasing accounting challenges for organizations of all sizes, simpLEASE is a scalable web-based solution that streamlines the lease accounting process, and provides fast and accurate results regardless of whether you have two or two thousand leases.
How simpLEASE Works
simpLEASE uses a wizard-based system to walk users through each step of the lease accounting process by providing easy-to-understand guidance to analyze each individual lease. By answering a series of prompts about each contract, simpLEASE produces guidance on the reporting requirements and guidelines for each lease.
Features and Benefits:
Web-Based - simpLEASE is available 24x7 from any location with no IT resources required.
Lease Tracking - Provides a centralized and secure location to house lease data and documents.
Intelligent Workflow - Transparent workflow provides review of data before impacting financials and a clear audit trail.
Informative Alerts - Receive notifications for approval process and lease-related dates.
Comprehensive Reporting - Month end reports that meet 842 requirements and are exportable to Excel.
Real-Time Dashboard - Quick access to high-level data in an accessible and intuitive dashboard.
Multi-Company Access - Shared or separate options for asset class setup, ground lease structure and securities.
Scalable Pricing - Pricing is based on leases and entities, with unlimited users and support included.
Nearly every company or organization utilizes lease contracts as part of its day-to-day operations. (ASC) 842 will dramatically alter how companies identify leases on their annual financial statements. For some organizations, this will mean analyzing hundreds – even thousands – of individual lease contacts – a time-consuming and laborious process.
simpLEASE is a software program that provides easy-to-understand guidance to analyze each individual lease. The program was developed in conjunction with the accountants at Schneider Downs, one of the nation’s 60 largest public accounting firms. Schneider Downs has been tracking and anticipating the changes to lease accounting standards for years, and has worked extensively to understand the specifics and intricacies of the standards. Thus, simpLEASE is not only easy to use, but also serves as an extremely insightful and intuitive tool to provide accurate analysis for all lease computations.
Advanced Child Tax Creditread more >
Ohio’s New Budgetread more >
Largest Ransomware Attack on Record Hits During the U.S. Holiday Weekendread more >
Ohio Update on the Unemployment Benefits Exclusion for Taxpayers Who Filed Prior to the Enactment of the American Rescue Plan Actread more >
What’s the Difference Between SOC 1 and SOC 2 Reports?read more >
What Are The Top Ten Cybersecurity Strategy Mistakes of 2021?read more >
Ransomware Attack Shuts Down Major U.S. Pipeline Operatorread more >
The American Families Plan – Proposed $1.8 Trillion Spending and Tax Planread more >
Special Alert: Microsoft Releases Critical Update for Exchange Serverread more >
Top 5 Implementation Lessons Learned Under ASC 842read more >
Top Risks to Consider in 2021read more >
Building a Strong Phishing Defenseread more >
Pennsylvania PPP Loan Forgiveness and Deductibility of Expensesread more >
Warning Signs of a Business Email Compromise Attackread more >
Introducing The Economic Aid Act FAQ Video Seriesread more >
Schneider Downs COVID-19 Client Survey - Our Thoughts On Survey Resultsread more >
FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19read more >
SBA Releases PPP Loan Forgiveness Application – With Instructions and Changesread more >
Forgiveness Thoughtsread more >
Important Update on SBA 7(a) Loan Program Under CARES Actread more >
Phase III SBA Overviewread more >
Pennsylvania Covid-19 Working Capital Access Programread more >
Senate Passes the CARES Act – $2 Trillion Relief Package Moves to the Houseread more >
The Coronavirus and Pandemic Planningread more >
Judge Hands Down Longest Sentence to Date in College Admissions Scandalread more >
Given Everything We Can Do Online, Why Not Voting?read more >
SECURE Act: Modification of Required Minimum Distribution Rules for Designated Beneficiaries (Section 401)read more >
Wawa's Data Breachread more >
Ryuk Ransomware Facts and Protectionsread more >
Russian Hackers Indicted in Pittsburghread more >
Six Cybersecurity Tips for the Holiday Shopping Seasonread more >
The Physical Side of Cybersecurityread more >
Vulnerability Scanning versus Penetration Testingread more >
Ransomware Still a Growing Problem for Organizations of All Sizesread more >
Department of Labor Announces Rule to Strengthen Retirement Security for Millions Employed in Small and Mid-Sized Businessesread more >
Capital One Data Breach Exposes 100 Million Records to Seattle Hackerread more >
#1 Mobile App Garners Concerns Over Data Privacyread more >
ACFE releases Anti-Fraud Technology Benchmarking Reportread more >
Proposed Accounting Standard Update Would Delay Private Company Effective Dates for Leases, Current Expected Credit Losses (CECL) and Hedging Updates by One Yearread more >
National Flood Insurance Program Extensionread more >
Manufacturing's Workforce Crisisread more >
Skilled Labor Shortage in the Manufacturing Industryread more >
I Want Mine - Social Security Simplifiedread more >
Part Five in a Series: Managing Risks of Technologies Emerging as Business Opportunities: Chatbotsread more >
One PPG Place, Suite 1700
Pittsburgh, PA 15222
p: 412.261.3644 f: 412.261.4876
65 East State Street, Suite 2000
Columbus, OH 43215
p: 614.621.4060 f: 614.621.4062
1660 International Drive
McLean, VA 22102