Haley Gustavson
  • 10 min read
  • May 24, 2022

Why Use NetLessor and NetAsset Together

There’s no getting around it: if you are in the business of leasing assets, you also need to manage those assets. With that said,...
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Casey Stewart
  • 10 min read
  • May 19, 2022

Efficiency and Innovation Are Key to a Successful Audit Season

Audit effectiveness vs efficiency  In the first audit class of my undergraduate program, my professor taught a seemingly elementary...
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Brittley Eldredge
  • 10 min read
  • May 17, 2022

The Benefits of Integrated Book and Tax Asset Records

When I was a tax senior associate at a big-four accounting firm, depreciation was the book-to-tax adjustment that I dreaded the most....
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Casey Stewart
  • 10 min read
  • May 12, 2022

Are Your Audit Clients Prepared for ASC 842?

Ready, Set, Go for Adoption  Like it or not, the time is now upon us. With the ASC 842 transition date for even private companies now...
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Bekah Jacot
  • 10 min read
  • May 10, 2022

Can I Adopt ASC 842 with Spreadsheets?

With this year being the ASC 842 adoption year for private companies, many are experiencing the challenge of how to accurately account...
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Weston Lampe
  • 5 min read
  • May 06, 2022

Why Audit Clients Need a Software Solution

Welcome back to my auditor's guide series. Last week, I discussed why it’s prudent to use a software solution like NetLease for...
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Brayden Miller
  • 10 min read
  • May 03, 2022

ASC 842 Excel Formula Driven Workbook and Example

Accounting—even with modern-day software, even in 2022—is hard work. If you work in accounting, you know that publishing financial...
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Weston Lampe
  • 5 min. read
  • April 29, 2022

The High Risk of Auditing Leases in Excel

As a former auditor, I was always left a little disappointed by the lack of innovation in the assurance world. CPA firms can be...
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Jace Chambers
  • 6 min read
  • April 18, 2022

Issues with Leases in a Foreign Currency FX (ASC 842)

If you have leases where the contract currency is different than the functional currency, you have probably thought about the...
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Rebecca Smith
  • 15 min read
  • April 13, 2022

Do I Need to Book Accruals and Amortizations?

The accrual method of accounting inherently requires the tracking of accrual and amortization journal entries in your ERP. While...
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Jace Chambers
  • 10 min read
  • April 06, 2022

How to Build a Better Close Process

The goal of closing the books each month is to lock the general ledger from future transactions. To accomplish this, we need to make...
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Peter McGuire
  • 10 min read
  • March 23, 2022

How to Integrate Your Close Management Solution

An ERP is a wonderful thing. But even today, they have their limitations. Most were not designed with accounting in mind as the main...
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Vincente Herrera
  • 6 minute read
  • March 16, 2022

How to Prepare the Perfect Year-End Close

How can you make your year-end book close clean, easy, and worry-free? The secret is: stay on top of monthly closing. It requires...
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Tyler Holle
  • 5 min read
  • February 15, 2022

Don’t Be Surprised by Embedded Leases under ASC 842

Imagine you’ve just gone through months of transitioning your leases from ASC 840 to ASC 842. It’s been a long, hard road but you’re...
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Zack Larsen
  • 2 min read
  • February 08, 2022

Short-term lease exemption

With ASC 842 now applicable for both Public and Private companies, many accountants are trying to figure out how this standard is...
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