Question 1

What lease accounting standards does EZLease support?

Accepted Answer

EZLease supports all major lease accounting standards, including ASC 842, GASB 87, GASB 96, and IFRS 16, ensuring your organization remains compliant with current regulations.

Question 2

How does EZLease simplify the lease accounting process?

Accepted Answer

EZLease automates key tasks like lease data management, calculation of lease liabilities and rights-of-use assets, and generation of required disclosures, significantly reducing manual effort and the risk of errors.

Question 3

What if I need help with lease data abstraction?

Accepted Answer

EZLease partners with trusted firms that specialize in lease abstraction. They can efficiently extract and organize lease data from your contracts, ensuring accuracy and completeness.

Question 4

Is EZLease suitable for organizations of all sizes?

Accepted Answer

Yes, EZLease is scalable and adaptable to organizations of any size, from small businesses to large enterprises, providing a cost-effective solution for all.

Question 5

How secure is my lease data within EZLease?

Accepted Answer

EZLease prioritizes data security. We employ industry-standard security protocols, including data encryption and regular security audits, to protect your sensitive information.

Question 6

Does EZLease integrate with other accounting systems?

Accepted Answer

EZLease offers integration capabilities with popular accounting systems like NetSuite, Sage Intacct, and Microsoft Dynamics 365, streamlining your financial processes.

Question 7

What kind of reporting capabilities does EZLease offer?

Accepted Answer

EZLease provides a comprehensive suite of reporting tools, including balance sheet, income statement, and cash flow statement reports, as well as detailed lease schedules and disclosures.

EZLease

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