Here’s a snapshot of LeasePilot’s benefits:

• Comprehensive – expert advice applied to a product that’s both turnkey and customizable and covers all types of leases including embedded leases.
• Compliant – work product that’s designed to conform to the latest FASB ASC 842 and IFRS 16 rules as well as all regulatory agencies and oversight boards.
• Adaptable and Flexible – a built-in process for accommodating not just embedded, additional, expired or modified leases but also other dynamic factors such as renewal terms and conditions, changing interest rates, right-to-use asset agreements, etc. This means documentation and assumptions are updated quickly – including our advice on the management judgments that will be required to arrive at accurate values of every lease’s assets and liabilities.
• Straightforward and Versatile – clear delineation of data that enables staff to convert seamlessly into journal entries, footnotes, etc. and eventually into financial statements that meet all regulatory requirements; actionable information for executives to formulate judgments and MD&A content.
• Efficient – organized with an eye to what auditors need; data that’s trouble-free for auditors to verify and validate.
• Streamlined and Cost-Efficient – no purchase of software or its associated training; delivered as an easy-to-use tool prepared by accountants and former finance and accounting professionals for accountants and current finance and accounting professionals.