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 Fixed Asset Rollforward Workbook handles 50 capitalized assets across all four book depreciation methods — straight-line, double-declining, sum-of-years, and units of production — and produces journal entries, a category rollforward, an ASC 250 change-in-estimate log, and a five-way reconciliation your auditor opens first.
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 an ASC 842 lease accounting example with 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.
IFRS 16 and ASC 842 both eliminate off-balance-sheet operating leases, but the two standards diverge on lease classification, discount rates, short-term exemptions, and income statement presentation. If you report under both — or are switching — here’s the difference between IFRS 16 and ASC 842, line by line.
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 free 5-tab Excel workbook that holds your entire month-end close in one place — 42 pre-populated tasks, 18 standard subledger reconciliations, JE log with sanity check, and printable sign-off with auto-tabulated close metrics.
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.