Lease Audit: Putting the 2020 CAM Reconciliation Under the Microscope
With many companies in cost-savings mode and fighting to get through this COVID-19 recession, there has never been a better time to review and validate operating expense charges for accuracy and ensure they comply with the lease. The process is simple, the savings can be significant, and tenants have nothing to lose by practicing this exercise.
National Lease Advisors Offers Turnkey Lease Administration Solutions for ASC 842
National Lease Advisors offers a turnkey solution that brings together lease administration and accounting systems to ensure a successful ASC 842 adoption for any company with a portfolio of leases.
Commercial Real Estate Insider: Tenants Seeing Success Challenging 2021 CAM Budget Increases
With 2021 around the corner, commercial property owners have begun sending tenants updated operating expense charges for the new year (“CAM charges”). What many tenants are finding very surprising is that in a time when they need to cut back on expenses...
Bringing Your ASC 842 Team Together
Welcome to the first in a series of articles to help companies prepare for the challenges of adopting the new ASC 842 accounting standard. In this post, I explain why it takes a team approach and give my thoughts on who should participate based on my past experience.
Tasked With an ASC 842 Adoption? Let’s Start With the Basics
Every private company in the United States that prepares financial statements according to GAAP standards must adopt the new ASC 842 lease accounting standard. Here’s what you need to know before you get started.