ASC 842 and IFRS 16 standards present a wide range of implications to middle market companies
Without proper upfront planning, many organizations are struggling to maintain and properly account for their leases, especially when the process isn’t integrated within their enterprise resource platform (ERP). Companies who lack the required technical knowledge and software are losing productivity and missing key dates for compliance.
Organizations like yours are turning to RSM’s technical accounting consultants for practical lease accounting solution evaluation, selection, implementation, and support. We understand the compliance issues associated with ASC 842, and IFRS 16 standards and can translate your business structure and lease formulas and recommend the right accounting management software to improve productivity and accuracy.
RSM clients can leverage NetLease, a robust lease accounting solution and NetAsset, an advanced fixed asset management tool, for their businesses. RSM is one of the largest and most highly decorated Oracle NetSuite partners globally and serves as a Solution Provider Partner, Alliance Partner and BPO Partner for NetSuite.
NetLease by Netgain was designed by experienced accounting and NetSuite professionals to help companies process the requirements of ASC 842, IFRS 16 and GASB 87. NetLease, a "Built for NetSuite" verified solution, supports lease management and accounting including compliance with the new lease accounting standards. NetLease is a native SuiteApp, which means you can access all information about leases right from your NetSuite dashboard, giving your finance and accounting teams full visibility into lease information alongside all of the financial data you already monitor in NetSuite. It manages the complete lease life cycle for companies with just a few simple leases to those with thousands of complex documents.
RSM professionals can help guide you and your staff through every step of the process and provide ongoing training and support. We understand having a reliable software implementation is crucial to lease accounting compliance and your success.
