Navigating the complexities of ASC 842 doesn’t have to be overwhelming. simpLEASE is a scalable, web-based solution designed to simplify lease accounting for organizations of any size. Whether you’re managing two leases or two thousand, simpLEASE streamlines the process and delivers fast, accurate, and compliant results with less manual effort and greater efficiency.
Developed on a step-by-step, wizard-driven interface, simpLEASE guides users through the entire lease accounting process. By responding to a series of intuitive prompts about each lease agreement, users receive clear, actionable guidance tailored to the specific reporting requirements of ASC 842.
Web-Based Access –Available 24/7 from any location, no IT setup or installation required.
Centralized Lease Tracking – Securely stores all lease data and related documents in one place.
Intelligent Workflow – Built-in review process ensures data accuracy before financial impact, with a complete audit trail.
Informative Alerts – Automated notifications for approvals and key lease milestones help keep you on schedule.
Comprehensive Reporting – Generates month and year–end reports that comply with ASC 842 standards, which are easily exportable to Excel.
Real-Time Dashboard – Offers a user-friendly dashboard with high-level insights at a glance.
Multi-Company Support – Manage multiple entities with a flexible setup for asset classes, ground leases, and securities.
Flexible Pricing Model – Price is determined by the number of leases and entities, with unlimited users and comprehensive support included.
Nearly every company or organization relies on lease contracts as part of its daily operations. ASC 842 has significantly changed how companies report leases on their annual financial statements.
simpLEASE is a software program designed to provide easy-to-understand guidance for recording each individual lease. Developed in collaboration with the accountants at Schneider Downs, one of the nation’s 60 largest public accounting firms, simpLEASE benefits from years of expertise in tracking and anticipating changes to lease accounting standards. Schneider Downs has worked extensively to understand the specifics and intricacies of these standards. As a result, simpLEASE is not only user-friendly but also serves as an insightful and intuitive tool for accurate lease computations.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and consulting services to public and private companies, not-for-profit organizations and global companies. We also offer risk advisory, transaction advisory, digital consulting, wealth management, retirement plan solutions and investment banking services. Schneider Downs serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), metropolitan Washington (DC) and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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