RSM Teams Up with LeaseQuery to Help Middle Market Businesses Comply with New Lease Requirements
RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – has teamed up with LeaseQuery, a leading provider of purpose-built lease accounting software, to create an innovative solution, RSM Lease Accounting, to help middle market business leaders comply with new and changing lease requirements.
One unique aspect of RSM’s lease accounting solution is that it is self-service. Clients can easily sign up with a credit card, skipping what can sometimes be cumbersome and/or time-consuming activities related to creating a scope-of-work. The solution is easy and economical, and yet supported by a national firm with 87 offices in the U.S. and Canada, and access to resources in 120 countries around the world.
“RSM’s lease accounting offering is unique in that it enables us to help solve for organizations that might have smaller lease portfolios but still need to report on ASC 842, which requires all long term leases to be recorded on a balance sheet,” said Daniel Beil, partner with RSM US LLP. “There isn’t another solution out there that will do what we can for middle market businesses with up to 20 leases, particularly for the price. RSM also offers other valuable compliance services to help these businesses (which are often large enough to have to comply with various regulations, but small enough to not have the resources in-house) comply with evolving regulatory requirements. We can often serve as a one-stop-shop for these businesses.”
Data integrity is another key benefit of RSM’s innovative lease accounting solution, which makes broken formulas within Excel and bad data entry things of the past.
To learn more about RSM Lease Accounting, visit our website.
LeaseQuery is an accounting technology company built by accountants for accountants. More than 10,000 finance professionals globally rely on LeaseQuery’s cloud-based platform for accounting compliance, financial decision-making, data centralization, lease management and lease accounting. Learn more about LeaseQuery’s core lease accounting product focused on easing the mandatory transition to ASC 842, GASB 87 and IFRS 16, or explore additional accounting tools. For more information, visit LeaseQuery.com.
About RSM US LLP
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.
RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with 48,000 people across 120 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.