AMTdirect is the most comprehensive equipment lease management solution that streamlines compliance with the new FASB and IASB lease accounting standards.
Equipment leases have long been an afterthought when it comes to reporting an organization's financial obligations, but that is no longer the case due to new FASB ASC 842 and IASB IFRS 16 lease accounting standards. The new standards require that every lease longer than 12 months, including equipment leases, be accounted for on the balance sheet.
Smart organizations are preparing for the pending equipment lease accounting mandate now. The first step is to select an equipment lease management platform with built-in FASB 842 and IFRS 16 capabilities and accounting system integration. Based on our 20 years of working with clients to implement effective solutions, we've developed the industry's best combination of software and services for equipment lease administration and accounting compliance.
