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2015-04-19
some forms are not as well created. would be nice to be able to tab between fields. or when clicking in fields that should all be within the same horizontal line it would be nice if they automatically lined up rather than having to be moved like individual text boxes.
2016-04-15
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2017-02-06
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2019-01-29
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I’ve had a few issues with the site being down but this only lasted for short periods of time. Otherwise, the product itself is fantastic.
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Instead of needing to print forms out, we are able to fill them out online, at a cost effective price. Saving us paper, ink and time.
2020-01-22
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2021-05-12
Optimize Your Leasing Process with Operate Highlight Lease
The Operate Highlight Lease feature streamlines your leasing tasks, making them simpler and more efficient. Use it to manage your leases with clarity and ease. This tool is designed to support your rental needs and enhance your property management experience.
Key Features
Centralized lease management system
Automated reminders for key dates
Comprehensive reporting tools
User-friendly interface
Integration with existing property management software
Potential Use Cases and Benefits
Property managers can easily track multiple leases in one place
Landlords can automate lease renewals and avoid missed deadlines
Real estate agents can streamline tenant onboarding
Investors can generate detailed reports on lease performance
By adopting Operate Highlight Lease, you can reduce time spent on administrative tasks. This feature minimizes errors and helps you stay organized, ensuring you focus on what truly matters—providing quality service to your tenants and maximizing your property’s potential.
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How do you account for operating leases?
The firm must adjust depreciation expenses to account for the asset and interest expenses to account for the debt. To do this, you must find the debt value of the operating leases. Find the present value of future operating lease expenses by discounting each year's expense by the cost of debt.
Where are operating leases on financial statements?
An operating lease is treated like renting lease payments are considered as operating expenses. Assets being leased are not recorded on the company's balance sheet; they are expensed on the income statement. So, they affect both operating and net income.
Where do operating leases go on income statement?
The lease is considered a loan (debt financing), and interest payments are expensed on the income statement. The present market value of the asset is included in the balance sheet under the assets side and depreciation is charged on the income statement.
Where are leases on the balance sheet?
Capital leases are classified under the “fixed assets” or “plant, property and equipment” heading in the assets section of a small or large company's balance sheet.
Is an operating lease an asset?
Operating lease. An operating lease is the rental of an asset from a lessor, but not under terms that transfer ownership of the asset to the lessee.
How are leases accounted for in financial reports?
All leases would be accounted for as assets and liabilities on the balance sheet on the asset side as “right-of-use assets” and on the liability side as lease liabilities; on the income statement, depreciation and interest expense would be recognized instead of rent expense.
How do you convert an operating lease to a capital lease?
You can depreciate the asset and list it as part of the value of your company. Ask if you have the option to purchase the asset at a discount at the end of the lease. If you do, then treat this as a capital lease. If you want to convert an operating lease to a Capital One, ask to have this option added to your terms.
Can operating lease be capitalized?
A lessee must capitalize a leased asset if the lease contract entered into satisfies at least one of the four criteria published by the Financial Accounting Standards Board (FAST). An operating lease expenses the lease payments immediately, but a capitalized lease delays recognition of the expense.
How do you account for an operating lease?
The firm must adjust depreciation expenses to account for the asset and interest expenses to account for the debt. To do this, you must find the debt value of the operating leases. Find the present value of future operating lease expenses by discounting each year's expense by the cost of debt.
What is the difference between a capital lease and an operating lease?
An operating lease is treated like renting -- payments are considered operational expenses and the asset being leased stays off the balance sheet. In contrast, a capital lease is more like a loan; the asset is treated as being owned by the lessee, so it stays on the balance sheet.
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