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2017-01-27
I really like the application a lot. I am finding the fact that you do not have a field value setting which comes in handy for allowing a Check Mark to have a Value and Calculate costs based on Check Marks or Drop Down Menus. I also would love a copy and paste a single field, this comes in handy for repetitive drop down menus. Prepopulating a field from an earlier field value would be great in helping people not have to enter same information more than once.
2017-04-28
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2022-07-06
the erase feature should be slightly…
the erase feature should be slightly work on, like we being able to completely erase elements and not just shading it with colors.
2022-03-11
Exactly what I was looking for. It's easy and simple to edit your files. Going to test this beauty thoughout the next day to see whats possible and if it cna improve my operating principles.
2020-10-21
Revise Formula Lease Feature
Introducing the Revise Formula Lease feature, designed to simplify your lease management process. This valuable tool allows you to revise lease terms efficiently, ensuring clarity and compliance with minimal effort. With the Revise Formula Lease, you can manage changes confidently and streamline your workflow.
Key Features
Simple interface for quick lease modifications
Real-time updates for all stakeholders
Track changes and revisions for accountability
Customize lease formulas to suit your needs
Seamless integration with existing management software
Use Cases and Benefits
Ideal for property managers needing flexible lease terms
Support for organizations that frequently update lease agreements
Efficient solution for legal teams to ensure compliance
Enhances communication between landlords and tenants
Reduces administrative overhead and saves time
The Revise Formula Lease feature addresses your challenges by streamlining the process of updating lease agreements. No more cumbersome paperwork or confusing revisions. Instead, you gain a tool that makes your job easier, allowing you to focus on what matters most — serving your clients efficiently.
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What is a lease modification?
A lease modification is a change in the scope of a lease, or the consideration for. A lease, that was not part of its original terms and conditions. Common lease. Modifications include, for example: increasing the scope of the lease by adding the right to use one or more.
Which two conditions must be met for a contract modification to be accounted for as a new lease?
A company should account for lease modifications as a separate contract when both of these circumstances occur: the modification gives the lessee right of use to an asset not included in the original contract, and the lease payments increase with the standalone price for the additional right of use.
What is a capitalized lease?
January 05, 2019. A capital lease is a lease in which the lessor only finances the leased asset, and all other rights of ownership transfer to the lessee. This results in the decoration of the asset as the lessee's property in its general ledger, as a fixed asset.
What is a lease under ASC 842?
Under ASC 840, FAST permitted operating leases to be reported only in the footnotes of corporate financial statements. Under ASC 842, the only leases that are exempt from the capitalization requirement are short-term leases less than or equal to 12 months in length.
What is an YOU asset?
Quantitative disclosures, such as operating lease cost, amortization of finance lease YOU assets and interest on finance lease liabilities, variable lease cost, short-term lease cost, weighted-average remaining lease term, weighted-average discount rate, and a maturity analysis of lease liabilities.
How many types of leases are there going to be under the new leasing standard?
The FAST lessee accounting model retains two types of leases, and is consistent with the lessee accounting model under existing GAAP. One type of lease (finance leases) will be accounted for in substantially the same manner as capital leases are accounted for under existing GAAP.
What is the new lease standard?
WHAT ARE THE CORE PRINCIPLES OF THE NEW STANDARD? The new standard will require organizations that lease assets referred to as lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases.
What is lease accounting standard?
In February 2016, FAST issued new lease accounting requirements in Accounting Standards Update (ASU) No. ... Under its core principle, a lessee recognizes a right-of-use (YOU) asset and a lease liability on its balance sheet for most leases, including operating leases.
What is the new FAST on leasing?
The Financial Accounting Standards Board's (FAST's) new standard on accounting for leases is set to take effect January 1, 2019, for US public companies with calendar year ends, affecting entities across all industries that enter into lease arrangements or sign contracts containing leases to support their business ...
What is a lease ASC 842?
ASC 842 provides the requirements of financial accounting and reporting for lessees and lessors and comprises five Subtopics (Overall, Lessee, Lessor, Sale and Leaseback Transactions, and Leveraged Leases Arrangements). Below is an overview of each Subtopic.
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