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Lease Accounting to Support the GASB 87 Standard

Building Your Adoption Plan Now is Key

PowerPlan’s Lease Accounting Solution Suite helps companies determine their optimal adoption strategy for the  FASB ASC 843 and GASB 87 lease accounting standards. The solution is also compatible with multiple accounting treatments, including GAAP, GASB and FERC.

Avoid These 3 Mistakes

Helping organizations manage lease accounting for 16+ years.
We support:

  • Local governments organizations, including cities, counties and states
  • Educational organizations such as school districts, universities and colleges
  • Independently run entities including airports

PowerPlan’s Lease & Lessor Accounting Solution Provides – 

  • Adoption Analysis: Use scenario analysis in the solution to analyze different adoption scenarios and determine your strategy for adopting the new lease accounting standards.
  • Full Lease Lifecycle Management: Manage all capital and operating leases, including equipment, real estate and purchase power agreements.
  • Automated Processes: Reduce audit risk by eliminating manual tasks, ensuring accurate billing, reporting and documentation. Time-saving solutions like integrated invoice creation with billing departments provides better traceability and recognition of receivables.
  • Simplified Calculations: Automate the full range of lease calculations, from simplistic to the most complex, including variable rate and dynamic lease calculations.   
  • A Single, Integrated Solution: Seamless integration with multiple ERP, EAM and financial systems provides transparency into lease agreements, helping you make more strategic decisions.

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Learn from Others Ahead of the Curve

While most have found that their existing lease management process cannot support the complexities of the standards, they still don't have their game plan ironed out for quick compliance. In this 30-minute recorded webinar, you’ll learn how others tackled adoption challenges that popped up along the way.

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