Lease Accounting Changes: Explained

Under the new standards, operating leases will continue, but how you account for them will change."

The benefits of equipment leasing remain as strong as ever. However, businesses still face the challenges of complying with new rules. Here are the top three actions your business can take to stay ahead of the curve and mitigate the impact on your administrative efforts:

1. Evaluate your current lease obligations

and determine which contracts will be affected.

2. Understand the requirements of the reported obligation

(including residual guarantees and return fees on existing and new leases).

3. Complete a Lease vs. Loan analysis

and verify which provides a lower after-tax cost of use.

Have questions?