AMTdirect is the most comprehensive equipment lease management solution that streamlines compliance with the new FASB and IASB lease accounting standards.
Equipment leases are traditionally an afterthought - or ignored altogether - when it comes to reporting your company's finances. That's no longer the case. With the new FASB ASC 842 and IASB IFRS 16 lease accounting standards, you now have to take equipment leases out of the footnotes. The new accounting standards require that every lease longer than 12 months - including equipment leases - be accounted for on the balance sheet.
With a 4-6 month average implementation timeline, smart organizations are prepping for the new accounting laws now. The first step is selecting a lease accounting solution that can handle equipment lease management with built-in FASB 842 and IFRS 16 capabilities. Based on our 21 years of working with clients to implement effective lease administration solutions, we've developed the industry's best combination of software and services for equipment lease administration and accounting compliance.
