New Lease Accounting: Our LASER Service Protects Your Balance Sheet
CASE STUDY
What Our Clients Are Saying:
“I can't begin to thank you for your efforts on our behalf. Not only have we saved a considerable amount of money, it has made the future lease negotiations much more favorable towards eCopy.”
Linda Noury
eCopy, Inc.
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CyberLease's LASER Service
CyberLease’s LASER Service enables commercial real estate lessees to confidently understand and report the financial statement impact of their leases and to do so in a timely manner. Importantly, our LASER Service is designed to allow lessees – particularly those with multiple leases – to obtain expert, independent and cost effective reporting that maintains the real estate perspective of the underlying leases and adds value to our clients’ respective real estate and finance groups.
The process of implementing and utilizing our LASER Service is best explained by the graphic below:
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There are many other components and steps within CyberLease’s LASER Service which are not listed in the flow chart above for ease of presentation. For a more complete description of the process and the service, please contact us.
CyberLease’s LASER Service Is:
- Independent – No conflicts. Accounting by independent experts, not parties to lease negotiations or administration;
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- Flexible – Reporting based on your criteria: divisions, regions, business units; fiscal or calendar year, etc.
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- Real Estate Focused – Not generalists, but real estate specialists. We know “the deal” and its proper accounting treatment;
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- Integrated – Not purely a finance function or a real estate function, but designed to provide value to both;
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- Cost Effective – No added headcount or systems, fractional annual cost vs. in-house;
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- Expert – CPAs steeped in commercial real estate lease and audit accounting.
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- Responsive – Full time staff of lease accounting specialists;
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- Detailed – Granular detail in reporting, including lease-by-lease, month-by-month journal entry data;
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Implementing the newly proposed lease accounting standards will pose significant challenges for many corporate lessees. Call us today to learn more, review sample reports and discover how our LASER Service can be of value to you and your firm.
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