The new lease accounting standards have created an unexpected burden for many companies. Not only do organizations have to collect and maintain data accuracy, they also have to identify leases as they are signed. Many will need to implement lease accounting software and establish new policies and controls. There are also complex technical requirements of the new standards that are different than what companies have dealt with before, including new practical expedients, lease and non-lease components, and the IBR.
With all of the changes to accounting guidance companies are facing, many will consider hiring an outside service provider to help achieve compliance with the new standards. The service providers below have expertise in the new lease accounting standards as well as knowledge of how to implement various lease accounting software.
