ASC 842 & IFRS 16 take effect

With the start of 2019, most companies must begin implementing the new lease accounting standards, ASC 842 for US GAAP and IFRS 16 for those under the IFRS regime. (Private US companies are permitted to delay implementation until 2020, but earlier.adoption is permitted). See elsewhere on this site for more information about the two standards, the similarities and differences with the prior standards of FAS 13 and IAS 17.

EZLease meets both accounting standards, for both lessees and lessors. Backed by FCS's over 40 years of experience providing lease accounting software to corporations throughout the United States and Canada, from small CPA firms to Fortune 500 corporations, EZLease is the reliable solution for lease accounting.