blog.jpg

New FASB Lease Accounting Preparation Checklist

Posted by Amber Bigler Newman

6/29/16 6:56 PM

Many organizations are beginning to realize the impact that the new FASB and IASB lease accounting standards will have on their finance and real estate teams. For companies with a large number of real estate or equipment leases, compliance with the new standard will require a significant amount of effort and time.

Although the new standard doesn’t go into effect for public companies until December, 2018 (2019 for private companies), a two-year look back will be required, so calculations will have to be completed for 2017 and 2018 as well. That’s why some organizations are working to get the structure in place during the rest of next year so that all 2017 transactions will be properly recorded as they occur, avoiding the pain of recreating the schedules later.

While the task may be daunting, there are steps you can take now to make sure that you avoid the expense and pain of a last minute scramble for compliance. Here are the most important steps to getting prepared.

Read More

Topics: FASB

The Case for Scheduling & Distribution [Infographic]

Posted by Amber Bigler Newman

6/2/16 3:44 PM

Scheduling_and_Distribution_Infographic.png

If you are not yet an AMTdirect client, you don't have to be jealous of Valerie. Let us show you how automated scheduling and distribution is just one of the ways that AMTdirect can simplify your life, reduce errors and omissions, and help your team lower overall occupancy costs.

Read More

Topics: Lease Administration, Features

Insights Recap: Data Hygiene & Maintenance

Posted by Amber Bigler Newman

5/17/16 6:21 PM

For the next couple of weeks we’ll be featuring blog posts based on some of the sessions at our just completed Insights Industry Forum and Customer Workshop. The event was an information packed combination of panel discussions, presentations and class room sessions. Today, we’ll recap the session presented by Bobby Capobianco, one of our crack team of installation managers, on data hygiene & maintenance.

Read More

Topics: Lease Administration, Real Estate Data

FASB Lease Accounting Changes to be Highlighted at Insights 2016

Posted by Amber Bigler Newman

3/23/16 12:41 PM

Organizations that lease commercial real estate and equipment have a major challenge on their hands in 2016. Bringing accounting and real estate teams together to understand and prepare for compliance with the new FASB lease accounting standard is no small task. That's why we are devoting a significant amount of time at the Insights Forum to FASB specific topics. 

Read More

Topics: FASB, Insights

The Big Day is Finally Here – FASB Announces New Lease Accounting Standards

Posted by Amber Bigler Newman

2/25/16 3:44 PM

We’ve been talking to organizations about the proposed changes to FASB/IASB guidance on lease accounting changes since they first took up the issue way back in 2008. At first there was a lot of interest, but as the years wore on many corporate real estate and finance executives adopted an, “I’ll believe it when I see it,” approach. We couldn’t really blame them, but as of today, you can believe it.

Today the Financial Accounting Standards Board (FASB) joined the International Accounting Standards Board (IASB) by announcing new changes to how real estate and equipment leases must be reported. As one current presidential candidate might say, the changes are YOUUUGE!

For full details on the changes and how you can get prepared, have a look at our eBook, which provides a complete look.  In short, here’s what you need to know:

Read More

Topics: FASB

[Press Release] AMTdirect Enters 20th Year with Extraordinary Momentum

Posted by Amber Bigler Newman

2/16/16 5:42 PM

Real estate management solution continues product innovation and wins more marque customers

CHARLOTTE, N.C. – February 10, 2015 – AMTdirect, the leading provider of real estate management software, announced that it will celebrate its 20th year after posting record breaking growth across all markets in 2015. The company had its third best year of revenue growth and added many prominent new retail brands, while increasing its market share significantly in the healthcare space. In addition, new product enhancements and features were released to support the current and proposed FASB lease accounting standards, and to enhance how customers manage operating expenses and accounts payable. In all, more than 25 new product enhancements were released across the application in 2015.

Read More

Topics: Leadership

AMTdirect Insights Blog

Your home for great information about what's going on at AMTdirect, trends in corporate real estate, industry specific analysis and posts from our favorite guests.