Are types of businesses that are probably not good candidates for a lease accounting software?

By | December 3, 2021

Lease accounting software is not a substitute for a good lease accountant. The person entering the data in a lease accounting software must understand the lease accounting requirements and interpret lease contracts correctly. Leases that require frequent reassessments of discount rates, lease terms, lease payments, and lease classification are not good candidates for such software. Complex lease contracts require a bespoke Excel-based solution.

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