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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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