If you’re a private organization, you’re probably new to lease accounting
and looking for examples of how to continue with the Governmental Accounting Standards Board (GASB). Whether you have thousands of leases or only a few, you still need to go through the process of identifying, abstracting, classifying, properly accounting for, and managing your leases throughout their terms.
Leasing specialists from EZLease review the accounting you’ll need, with detailed accounting examples for lessees and important lease changes of GASB 87
. They also highlight the lease data required for the accounting so you can achieve compliance before the deadlines and in the future.