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FASB 842 Compliance

LeaseNet now has integrated FASB 842 compliant calculations for Type B – Operating Leases, and can produce your Right Of Use, Liability, and other schedules under the new lease accounting rules. You can try the calculator at the new ContractNet.IO website. The free calculator allows anyone to produce and download the schedules for one lease at a time. Integrated with LeaseNet, the module gives companies the ability to:

  • Synchronize your recurring and non-recurring payment data and lease options with the module
  • Model the balance sheet impact of the new rules across your portfolio
  • Manage renewal and cancellation attestations
  • Layer amendments and restatements of capital schedules for full audit capability
  • Set specific account codes for capitalization and considerations such as capital deductions, impairments, and direct costs
  • Report across your financial data and explore scenarios for transition

Visit ContractNet.IO, our new website for testing new tools and connections, and have fun.