6 Steps To Finding & Loading Lease Data

Lease accounting is easier if you break it down into the key steps to follow to get compliant. In this guide, we’ll walk through the what, who, where, and how of finding and loading leases as well as starting your accounting. The ”why” is already clear – the lease accounting standards are driving most organizations to change how they handle leases. The “when” is different for different groups – private companies have an early 2022 deadline, government departments have until their fiscal 2022, and compliance deadlines for public companies and most international companies have already passed. We’ll highlight six steps to help you get organized:

• Staff team

• Confirm required data

• Find leases

• Abstract lease data

• Attest data

• Load data