Guide

6 steps to finding and loading lease data

6 steps to finding and loading lease data

Pages 12 Pages

The EZLease Quick Start Guide outlines six steps for finding and loading lease data to ensure compliance with ASC 842, IFRS 16, and GASB 87. It begins with staffing a project team, confirming required data fields, and locating leases across departments and systems, including embedded leases in service contracts. Leases are then abstracted, verified for accuracy, and uploaded into the lease accounting software, with automation recommended for validation and classification. Once accounting standards are applied, organizations achieve compliance and can streamline ongoing lease management for accuracy, efficiency, and audit readiness.

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