The proposed changes to lease accounting under generally accepted accounting principles (GAAP) will require more technology and resources than many lease administration departments and accounting firms are equipped to deal with. Visual Lease is prepared to keep you ahead of the curve by minimizing the impact of these changes.

Visual Lease

KBA provides comprehensive lease administration functionality in its industry-leading software platform, Visual Lease.  Visual Lease is a fully web-based, easy-to-use application that manages lease information across the enterprise.

Visual Lease is currently developing the required functionality for the upcoming changes to lease accounting, which will include:

• Asset and Liability calculations – initial and annual liabilities
• Determining the longest possible lease term that is more likely than not to occur
• Estimating percent rent payments during future option periods likely to be exercised
• Application of lessee or lessor’s incremental borrowing rate
• Calculating the amortization expense for the right-of-use Asset on a systematic basis over the expected lease term or the useful life of the underlying asset if shorter
• Annual reassessments of the Asset and Liability

Visit the Visual Lease website for more information.