Let us explain why this is a very risky approach to this complex compliance. Spreadsheets are great for certain situations, but complying to the ASC 842 is not one of them.
Spreadsheets will not provide the ability to consolidate your lease data, scalability as you grow, provide consistent calculation accuracy, minimize human errors, high level of security and control of your lease data and the opportunity to easily collaborate across your organization.
Check out this video on why spreadsheets will not work for the ASC 842 compliance and why you should move to iLeasePro.
You can take a video tour of iLeasePro or schedule some time on our online demo calendar to see how iLeasePro can help you and your firm with the overall lease management of your lease portfolio. For more information on increasing productivity and efficiency of your lease portfolio, check out our blog and our extensive lease accounting and lease management knowledge base.