CASE STUDY THE CHALLENGE For Kevin Kennedy, the Controller at BlueLinx, nding a reliable, easy-to-use tool for ASC 842 compliance was paramount. With a high volume of leases going on their balance sheet, they needed a tool that ensured their amortization schedules and journal entries were complete and accurate. “The number one thing when I was shopping was I wanted to know that the software works and I can count on it.” Before using LeaseQuery they kept everything in Excel. Kevin realized that was no longer an option: “If we started implementing the new standards to our breadth of leases in Excel, we would open ourselves up to a lot of human error.” Plus, he wanted BlueLinx to be in alignment with their peers and vendor partners, who were also using lease accounting software. KE

Join for free to read