ASC 842 Compliance Made Easy
See how we’re helping nonprofit, higher education, and healthcare teams easily comply with ASC 842 via our modern Lease Management solution
With DebtBook, you can:
Keep your data and workflows in a centralized, audit-friendly platform, so when key performers leave, core processes don’t break.
Unlock true data integrity via our single source of truth platform.
Spend your time on reviewing reporting, not manually calculating schedules and journal entries.
Lease management, modernized
DebtBook’s powerful, cloud-based lease management platform, tailored to meet the unique needs of nonprofit, higher education, and healthcare organizations, centralizes your lease information into an intuitive platform, streamlining ASC 842 compliance and management.
- Streamline ASC 842 compliance
- Gain confidence in your data via our single-source data platform
- Automate audit and reporting tasks to cut them down from weeks to minutes
- Track processes in a resilient system of record that doesn’t break when an employee leaves
- Share access with your team – or your auditor – via unlimited seats
- Get started quickly with buzz-worthy implementation and support
Popular Features
Simplified change management, allowing you to modify or terminate a contract and automatically reflect the accounting impact with an accurate audit trail
Automated ASC 842 audit note export, with footnote disclosures populated by existing data in the platform
Automatically provide GL codes in journal entries including split allocations and calculations
Custom filters to export full or limited details from within a profile for internal and external review
Filterable view of your profile of leases
Self-service capabilities for adding new or adjusting existing leases
Comprehensive journal entry exports that automatically compile accounting entries for the specified fiscal year
Your comprehensive ASC 842 solution
Here’s how DebtBook helps you better comply with ASC 842 requirements:
No more broken spreadsheets
Consolidate all your lease data in a single solution so you don’t have to waste time reconciling spreadsheets and chasing down errors.
An automated audit trail
When you prepare for your audit, your team is working off of a single source of data. So no manual compilation is needed.
Let your auditor log in
As one of our customers told us: "I added my auditors as guests and they were able to navigate to everything they needed." And, because we offer unlimited seats, there's no extra cost for you.
How hard will the software be to use?
We know, no matter how powerful our system is, it won’t be of any benefit to you if it’s too difficult to use. So we offer:
- A user-friendly design that balances simplicity and depth
- DebtBook University, a robust library of dozens of training courses, updated quarterly
- A platform, according to McHenry County, IL that’s “really intuitive” and “easy for anybody to understand.”
For the City of Vista, this ease of use pays dividends come audit time:
“With a system as easy to use as DebtBook, I can feel confident giving my auditors access, knowing they will get the information they need without needing my assistance or waiting on a response from me. This saves me, and our auditors, a ton of time during audit season.”
Built for – and by – public finance professionals
Because our platform was built by CPAs and experienced public finance professionals, we’ve designed it to specially meet your needs.
- You can add general ledger and account information and allocate your leases in order to automatically provide split journal entries and calculations with GL codes included.
- You can easily export all of your journal entries, eliminating the need to manually create your ASC 842 accounting entries for each fiscal period.
- You can generate detailed audit notes complete with automated footnote disclosures for all ASC 842 leases in your profile in preparation for your financial reporting.
The trusted treasury and accounting software provider for clients nationwide:
We make it easy for you
We give you the tools you need to make it easier for you to do your job.
Self service
Rather than having to submit a ticket and wait, you can make the changes you need to when you want in a user-friendly, intuitive platform.
Change management
You can amend, update, and remove existing leases as needed, letting you keep your lease profile up-to-date with tracking to maintain your audit trail.
Ability to export
Export a filtered or full population of your leases and lease details for internal and external review.
Watch: Simplified change management
Discover in this 2-minute video how you can easily make changes within existing leases or schedules.
How hard will the software be to use?
We know, no matter how powerful our system is, it won’t be of any benefit to you if it’s too difficult to use. So we offer:
- A user-friendly design that balances simplicity and depth
- DebtBook University, a robust library of dozens of training courses, updated quarterly
- A platform, according to McHenry County, IL that’s “really intuitive” and “easy for anybody to understand.”
For the City of Vista, this ease of use pays dividends come audit time:
“With a system as easy to use as DebtBook, I can feel confident giving my auditors access, knowing they will get the information they need without needing my assistance or waiting on a response from me. This saves me, and our auditors, a ton of time during audit season.”
How difficult will the software be to use?
We know, no matter how powerful our system is, it won’t be of any benefit to you if it’s too difficult to use. So we offer:
- A user-friendly design that balances simplicity and depth
- DebtBook University, a robust library of dozens of training courses, updated quarterly
- A “really intuitive” platform that’s “easy for anybody to understand,” according to McHenry County, IL
For the City of Vista, this ease of use pays dividends come audit time:
“With a system as easy to use as DebtBook, I can feel confident giving my auditors access, knowing they will get the information they need without needing my assistance or waiting on a response from me. This saves me, and our auditors, a ton of time during audit season.”
Why should I partner with DebtBook?
At DebtBook, we believe we stand apart from the competition and are a trusted partner to you with staying power.
- The only cloud-based platform designed specifically for public finance teams
- Over 2,100 customers
- 140+ employees
- SOC 2 compliance (type 1 and 2) and single sign-on functionality
- Built by public finance professionals
