Providence Capital Funding selected Consult Disrupt, a consulting organization formed to support equipment finance companies with day-to-day operations and technology-related projects, to lead its RFP system selection process and assist with its upcoming software conversion. read more

MAR 26, 2024 - 6:44 am

In the first edition of CFO Chats, a new column from Bill Bosco of Leasing 101, Bosco outlines how a synthetic or operating lease can be more advantageous for a lessee than a “dollar out” lease. ... read more

May/June 2023

Visual Lease, a provider of lease accounting and management software, was named No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies in 2020. read more

DEC 29, 2020 - 7:11 am

The Financial Accounting Standards Board staff issued a Q&A document to address stakeholder questions on the application of the lease accounting guidance for concessions related to COVID-19. read more

APR 13, 2020 - 6:30 am

LeaseAccelerator released an analysis of SEC Comment Letters related to ASC 842 lease accounting and disclosures. read more

DEC 11, 2019 - 6:30 am

To provide a quantitative progress report on the status of compliance efforts for private companies of the new lease accounting regulations, LeaseAccelerator conducted a research study in late January 2019. The study showed private companies are reporting a lower state of readiness than public companies showed in last year's survey at this time. read more

APR 11, 2019 - 6:45 am

CFO Magazine created a list of the top accounting articles of the year. read more

DEC 28, 2018 - 6:35 am

ASC 842 expands the failed sale-leaseback concept to include equipment. Under ASC 840, only real estate was subject to this accounting approach. Unless the current tax rules change, a similar issue arises when considering the tax effect of certain sale leasebacks. These factors mostly affect the lessee however lessors should be aware of them when structuring leases. Joe Sebik explains the accounting and tax ramifications and considers how the approaches may have to change to accommodate the new rules. ... read more

September/October 2018

This article discusses reporting concepts and solutions for systems specifically designed to meet the reporting requirements of both the lessor and lessee under ASC 842. While placing considerable focus on lessee reporting, new software has the opportunity to create simplified and powerful reporting and structuring capabilities for the lessor.... read more

September 2018

Steven Rose joined LeaseAccelerator, a provider of Enterprise Lease Accounting software, as its new head of international. read more

AUG 22, 2018 - 2:15 pm

On February 25, 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, Leases (Topic 842), to increase transparency and comparability while inviting comments due September 12, 2018. read more

AUG 21, 2018 - 6:12 am

Banks have been jumping into the equipment finance business and now have the largest share of the market. But many banks have yet to take this vital step. With newcomers in mind, Bill Bosco covers the basics of incorporating a lease product business unit into a larger bank organization.... read more

July/August 2018

With ASC 842 requiring all leases to be placed on balance sheet, will more lessees seek to structure equipment financing arrangements as service contracts, and is that really possible?... read more

Jul/Aug 2018

LeaseAccelerator released its Who is Most Impacted by the New Lease Accounting Standards report, a ranking of the U.S. public companies with the largest leasing obligations. read more

AUG 10, 2018 - 6:35 am

To benefit from embracing technology as part of the implementation process, accountants will be empowered by the centralized data from new lease accounting software, according to a report from Accounting Today. read more

AUG 7, 2018 - 6:35 am