Lease Accounting Services

Optimize Your Real Estate Portfolio with Springbord's Lease Accounting Services

Springbord streamlines Lease Accounting with standards, ensuring compliance and maximizing profitability for your real estate investments.

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Proven Excellence

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Decade of Deep Industry Experience

Delivering top-tier property accounting services for diverse real estate clients.

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200+ Clients

Serving a wide-ranging clientele, including commercial offices, retail centers, and mixed-use developments.

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ISO/IEC 27001: 2022

Recognized for International Data Security compliance.

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100% Accurate & On-Time

Adherence to committed timelines and precision benchmarks the Certainty Index (TM).

Services Overview

At Springbord, we understand the complexities and nuances of the real estate industry, particularly the critical role of Lease Accounting in maintaining the health and profitability of your real estate portfolio. Our Lease Accounting services are designed to cater to the diverse needs of the real estate market, offering comprehensive solutions that go beyond mere compliance to add value to your business.

What We Offer

ASC 842/IFRS 16 Compliance

Ensure adherence to lease accounting standards by accurately identifying and categorizing leases according to ASC 842 in the U.S. and IFRS 16 globally. Implement processes to meticulously capture lease data and determine the appropriate discount rates for lease calculations, ensuring compliance with financial reporting requirements.

Lease Review, Classification, and Data Management

Systematically collect and manage lease data, including detailed lease agreements, terms, and pertinent financial information. Maintain a centralized lease database to ensure accurate and timely reporting, facilitating compliance and effective decision-making.

Advanced Reporting and Insights

Utilize our advanced reporting capabilities to gain insights into your lease portfolio's performance, helping you make informed decisions to optimize your real estate investments.

Springbord is your trusted partner in real estate lease accounting. Our services go beyond mere compliance; they are dedicated to furnishing you with precise, actionable insights that propel your real estate business toward greater success.

Navigating Lease Accounting Challenges with Tailored Solutions

Springbord's custom solutions are crafted to effortlessly navigate the complexities of lease accounting, ensuring accuracy and compliance.

Challenges in Real Estate

Common Lease Accounting Challenges

Complex Compliance Requirements:

Navigating the ever-evolving landscape of lease accounting standards can be daunting.

Lease Management Overload:

Efficiently managing a large portfolio of leases, tracking payments, and ensuring accurate financial reporting.

Strategic Decision Support:

Utilizing lease accounting data to make strategic decisions about lease renewals, terminations, and portfolio optimization.

Challenges in Real Estate

Springbord’s Solutions:

Tailored Compliance Strategies:

Our experts simplify compliance, ensuring your lease accounting meets current standards with proactive updates and audits.

Streamlined Lease Management:

Leveraging technology and expertise, we streamline lease management processes, reducing errors and saving time.

Data-Driven Insights:

Our services go beyond accounting to provide strategic insights that support decision-making, portfolio analysis, and future planning.

Accounting Software Portfolio

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Why Choose Us?

Choosing Springbord for your Lease Accounting needs means partnering with a leader in real estate financial services. Our dedication to innovation, accuracy, and client success sets us apart.

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Commitment to Your Success
Commitment to Your Success

Our goal is to empower your real estate business to grow and succeed by providing expert lease accounting services that add real value.

Impressive Track Record
Impressive Track Record

Serving over 200 clients with a Certainty Index ™ consistently above 95%.

Available Round the Clock
Available Round the Clock

We ensure round-the-clock availability to provide continuous support and address any queries or concerns.

Expertise in Lease Agreement Reviews
Expertise in Lease Agreement Reviews

Our expertise is highlighted by over 8 years of experience in lease review, abstraction, and administration, demonstrating our capability in accurately abstracting, validating, and classifying lease data.

Scalability and Flexibility
Scalability and Flexibility

We emphasize our capability to adapt to varying client needs and scale operations efficiently, ensuring tailored solutions for lease management and accounting.

Customized Solutions
Technology-Driven Solutions

Springbord utilizes the latest in accounting technology to deliver efficient, accurate, and secure lease accounting services.

OUR Testimonials

What Our Clients Say About Us

“We have really enjoyed our partnership with Springbord and have been very pleased with the work and the relationship”
- Chief Integration Officer
Boutique Asset & management firm based in Florida
“As mentioned during the call yesterday, you and your team are performing so well, and we are so thrilled with your work product. As such, I will give you a 10. Keep up the amazing work!”
- Vice President, Lease Administration
Real Estate Services Company based in USA

Explore Our Comprehensive Collection of Blogs, Whitepapers, And Case Studies

Lease Accounting 101: What Does it Mean for Your Property?
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Lease Accounting 101: What Does it Mean for Your Property?

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Avoiding Common Mistakes in Lease Accounting: Tips for Beginners
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Avoiding Common Mistakes in Lease Accounting: Tips for Beginners

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The Importance Of Tracking Rental Income And Expenses In Rental Property Accounting
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The Importance Of Tracking Rental Income And Expenses In Rental Property Accounting

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Frequent questions and answers

What specific services does Springbord offer to real estate companies regarding lease accounting?

Springbord specializes in reviewing leases, classifying lease data, and capturing it accurately for real estate companies, aiding them in meeting the ASC 842 requirements.

How does Springbord's service help real estate companies comply with ASC 842?

By meticulously reviewing, classifying, and capturing lease data, Springbord ensures that real estate companies have the foundational data required for compliance with ASC 842, which is critical for their lease accounting processes.

What makes Springbord stand out in lease accounting services for real estate companies?

Springbord's key strength lies in its detailed approach to lease review and data management, providing the precise and compliant data capture necessary for real estate companies to fulfill their ASC 842 obligations.

Can Springbord handle the complexity of lease data for large real estate portfolios?

Yes, Springbord is equipped to manage the complexities of large real estate portfolios, ensuring all lease data is accurately reviewed, classified, and captured, regardless of the portfolio size.

Besides data capture, what other lease accounting tasks do clients need to manage themselves?

While Springbord excels in data capture, clients remain responsible for other core tasks in lease accounting, such as the application of the captured data within their financial systems and ensuring ongoing compliance with ASC 842 beyond initial data capture.

How does Springbord ensure the accuracy and compliance of the lease data captured for real estate companies?

Springbord employs a team of experts with extensive experience in lease accounting, utilizing proven methodologies and up-to-date knowledge of ASC 842 requirements to ensure the data captured is both accurate and compliant, setting a solid foundation for clients' lease accounting efforts.