ACE Books Financial Solutions
Lease Accounting
The lease accounting expertise your business deserves.
Navigate FASB ASC 842, IFRS 16, GASB 87 with confidence. ACE helps businesses organize lease data, evaluate contracts, calculate entries, prepare disclosures, and maintain audit-ready lease accounting processes.
FASB, IFRS 16 & GASB 87 Lease Accounting
Your team gets paid. Your records stay clean.
Lease accounting can become complicated quickly when contracts, amendments, renewals, payments, and reporting requirements are spread across multiple locations or systems. ACE helps bring structure to the process.
We support FASB ASC 842, IFRS 16, GASB 87 workflows by helping businesses organize portfolios, evaluate accounting treatment, calculate lease activity, prepare reporting schedules, and maintain documentation that supports review and audit readiness.
What we handle
End-to-end lease accounting support built for compliance and scale.
ACE combines technical accounting knowledge with practical process design, helping businesses turn lease data into accurate schedules, journal entries, disclosures, and audit-ready support.
Lease Abstraction
Review lease agreements and extract the key terms needed for accurate accounting, reporting, and portfolio management.
Classification Review
Evaluate lease terms and support classification conclusions under and IFRS 230 requirements.
Lease Calculations
Prepare right-of-use asset, lease liability, amortization, interest, and payment schedules with clear supporting detail.
Journal Entries
liability, amortization, interest, and payment schedules with clear supporting detail. Journal Entries Support monthly, quarterly, and annual lease accounting entries with schedules that connect to your close process.
Financial Disclosures
Assist with lease-related reporting, rollforwards, maturity analyses, and disclosure schedules for financial statements.
Controls & Documentation
Build consistent review procedures, policy support, and documentation that strengthens control and audit readiness.
System Support
Help organize lease data, improve system workflows, and support software implementation or cleanup projects.
Portfolio Reporting
Create reporting packages that give leadership visibility into lease obligations, expense trends, and compliance status.
Why businesses choose ACE
Technical lease accounting with practical execution.
Standards-focused guidance
We help translate FASB ASC 842, IFRS 16, and lease requirements into accounting steps your team can understand, maintain, and support
Clean schedules and clear documentation
From lease abstracts to calculation support, we create organized records that help reduce confusion during close, reporting, and audit review.
Processes built for scale
We help design repeatable workflows for new leases, modifications, renewals, reconciliations, and reporting so the process can grow with your business.
What businesses gain from FASB ASC 842 and IFRS 16 lease support
Accurate
lease calculations and accounting schedules tied to source documents.
Clearer
reporting for lease liabilities, right-of-use assets, and disclosures.
Stronger
documentation and controls for review, close, and audit support.
Scalable
lease accounting workflows for growing or multi-entity businesses.
How It Works
A support process built for dependable execution.
01
Review
We assess your current accounting workflows, recurring tasks, system needs, and the support gaps affecting daily operations.
02
Organize
We establish clear responsibilities, routines, and documentation practices for payables, receivables, reconciliations, and data handling.
03
Support
We provide ongoing accounting clerk assistance to keep transaction processing, follow-up, and recordkeeping accurate and timely.
04
Improve
We help refine workflows over time to reduce bottlenecks, strengthen accountability, and support smoother month-end operations.
Let's Talk
Bring clarity and confidence to lease accounting.
Partner with ACE Financial Solutions for lease accounting support that strengthens compliance, reporting, and audit readiness.