Complying with the complex regulations of leases is time consuming and complicated. Working with professionals to support your lease management responsibilities provide some big benefits:
Strengthening back-office functions allows you to focus on your core business.
Amortization schedules
Eliminate the burdensome step of translating lease contracts into spreadsheets by utilizing amortization schedules, journal entries, and disclosures completed directly from the lease data and reviewed automatically in the software.
Audit Reports
Increase your visibility to lease additions and changes and acquire access to a full complement of schedules to make your auditor’s life a lot easier.
Cloud-based central repository
Use the repository to add unrivaled accessibility and security in the form of a searchable, central database in the cloud–available to you and your team to retrieve and share whenever, wherever.
Economic returns
With over 100 different reports to analyze, you can optimize your lease portfolio’s balance sheet impact and return on capital.
Financial liquidity
Confirm accurate billing and critical reminders to avoid missed rent abatements and unnecessary renewals with AP reports.
Financial statement preparation
With lease regulations changing, it’s more important than ever to know what you are expected to provide in your financial reporting to ensure compliance.
Fixed asset and depreciation tracking
Help your organization determine the value of your assets efficiently in order to make well-informed financial decisions when it comes to the purchase and disposal of assets, as well as ensure accurate depreciation calculation for error-free tax reporting.
MGO has partnered with LeaseQuery, a cloud-based SaaS platform that improves efficiency with CPA-approved calculations that eliminate errors. Accounting teams across all sectors rely on MGO & LeaseQuery to facilitate compliance with FASB, IFRS, and GASB.
Learn how we can lower costs and add scalability and expertise to your finance
and accounting functions.
Every day we help organizations to streamline their back office operations while improving the quality of their financials. How can we help your organization?
Clearly understanding your current lease status and compliance requirements helps you make good business decisions. MGO partners with LeaseQuery, whose CPA-approved lease accounting software and specialized lease accountants fully support clients. Whether you are interested in ASC842, IFRS 16, or GASB 87, this robust reporting suite can help cut costs, ensure data integrity, and help streamline your lease management. MGO’s lease administration services can reduce the time spent on lease accounting and free up resources to build your business.
As the excitement of economic recovery continues make sure you don’t forget to take advantage of the programs that were put in place to help through COVID-19.
More financial relief may finally be within reach for organizations suffering from the economic impact of the COVID-19 pandemic…
Standing out in a field of largely indistinguishable competitors means we do not have the luxury of evolving with the marketplace. Instead, we work feverishly to keep ahead of it.
