Lease Accounting Services

Introduction Section

The evolving lease accounting standards like ASC 842 and IFRS 16 have made lease reporting more detailed and demanding. Businesses today need more than spreadsheets—they need clarity, accuracy, and compliance built into their real estate workflows.

At Lapiz Digital, our Lease Accounting Services help businesses stay audit-ready, align with regulatory changes, and simplify the financial impact of property and equipment leases.

We make lease accounting simple, accurate, and stress-free.

• ASC 842 / IFRS 16 Compliance
• Lease Abstraction & Data Management
• Automated Calculations & Reporting

Why Lease Accounting Matters

Lease accounting is more than just tracking payments—it’s about ensuring your books reflect the financial reality of your lease commitments. New regulations require all leases—whether operating or finance—to be captured as assets and liabilities on your balance sheet.

Without the right systems or process, you risk:

• Financial misstatements

• Audit penalties

• Manual errors

• Missed deadlines

Lapiz Digital helps you avoid all that with reliable real estate lease accounting support and smart workflows tailored to your business.

Our Lease Accounting Services

We support every stage of your lease accounting lifecycle with the right mix of people, processes, and platforms:

• Lease Data Abstraction 

         Extract and validate key terms (rent, term, renewal, escalation, options, etc.) from lease documents and convert them into usable, auditable formats.

• Lease Classification & Calculations

        Classify leases correctly (operating or finance) and run amortization, present value, and right of-use (ROU) asset calculations based on your chosen standard.

• Journal Entry & General Ledger Support

        Generate accurate monthly journal entries and map them to your ERP or accounting system for seamless integration.

• Compliance Reporting & Disclosures

        Prepare disclosures and audit-ready reports in line with ASC 842 or IFRS 16 requirements.

• System Implementation Support

        Whether you use lease accounting software (like LeaseQuery, CoStar, Visual Lease, etc.) or need help transitioning from Excel, we support end-to-end implementation and data migration.

• Ongoing Maintenance & Reassessment

        We help you manage lease modifications, renewals, or early terminations to maintain accurate records throughout the lease term.

Who We Help

Our property lease accounting solutions are ideal for:

• Real Estate Investment Firms
• Retail Chains & Franchise Businesses
• Corporate Real Estate Departments
• Manufacturing & Equipment Leasing Firms
• Property Managers and Developers

Whether you have 10 leases or 1,000, our services are scalable and tailored.

Why Choose Lapiz Digital?

We’re more than an accounting vendor—we’re a support system. With over two decades of experience in property accounting services and real estate back-office services, Lapiz Digital is trusted by companies to manage complex financial operations with care and precision.

• Experienced Team – Lease accountants familiar with global standards and lease structures
• Secure Infrastructure – ISO 27001-certified for data security and compliance
• System-Agnostic Approach – Compatible with most ERP and lease accounting tools
• Flexible Engagements – From full outsourcing to supplemental support during audits or system transitions

Easy Onboarding in 3 Simple Steps

1. Share your lease documents & reporting goals
2. We assess and build a customized solution
3. Go live with audit-ready, compliant lease reports

No delays. No confusion. Just dependable, scalable lease accounting.

Simplify Compliance. Strengthen Your Books.

Lapiz Digital brings structure, control, and clarity to your lease portfolio. Let’s build an accounting process that evolves with you.