The ASC 842 Lease Accounting Workbook handles your full lease portfolio — ROU asset calculation, lease liability amortization, period journal entries, balance sheet rollforward, and disclosure table — in a single audit-ready Excel file.
Most finance teams know they need to capitalize commissions under ASC 606 — but building the actual amortization schedule is where things break down. Here’s a step-by-step walkthrough with journal entries and a practical Excel approach.
The ASC 606 Commission Accrual Workbook handles your full deferred commission asset — capitalization, amortization schedule, period journal entries, and rollforward — in a single audit-ready Excel file.
ASC 842 journal entries trip up even experienced controllers. The initial recognition entry, the monthly operating lease expense, and the finance lease split between depreciation and interest all follow specific patterns. Here’s every entry you need, with real numbers.
The Startup Runway Calculator tells you exactly how many months of cash you have — under your base case, an optimistic scenario, and a pessimistic one. Five input tabs, KPI dashboard, and up to 48 months of projections in a single Excel file.
Both standards eliminate off-balance-sheet operating leases, but ASC 842 and IFRS 16 diverge on lease classification, discount rates, short-term exemptions, and income statement presentation. If you report under both — or are switching — here’s what actually differs.
Under ASC 842, every lease is either operating or finance — and the classification changes your income statement, cash flow, and audit disclosures. Here’s how to classify correctly and account for each type.
A reliable month-end close comes down to a repeatable checklist and the right supporting schedules. Here’s the full sequence — from Day 1 through final signoff — with specific focus on the technical areas that trip up growing finance teams.
Building an ASC 842 amortization schedule in Excel is manageable for one lease. With five or more, the manual approach breaks down fast. Here’s exactly how the schedule works — and what it takes to maintain it at scale.
The ROU asset at commencement equals the lease liability plus initial direct costs plus prepaid rent minus lease incentives received. Most teams get the lease liability right but miss the adjustments. Here’s how to calculate it correctly.