Under the current ASC 842 lease accounting rules, rent concessions and other lease modifications could trigger the...
Posts by Scribcor Global
Scribcor Global Lease Administration is a full-service lease administration company dedicated to helping clients manage their leases in a more efficient manner while monitoring portfolio opportunities, mitigating financial risks, and sending savings to the bottom line.
Preparing for Potential Disruption – Three Concerns
Heightened concern over the spread of coronavirus is building worldwide consistent with the increase in number of...
ASC 842 Adoption Leads to Sharp Increases in Reported Lease Liabilities on Balance Sheets
Balance sheets across numerous industries showed large increases in lease liabilities due to ASC 842 adoption....
ASC 842 Adoption Leads to Sharp Increases in Reported Lease Liabilities on Balance Sheets
Balance sheets across numerous industries showed large increases in lease liabilities due to ASC 842 adoption....
Are you in control of your lease data and lease accounting processes or are they in control of you?
If you are struggling with maintaining your lease data to stay in compliance with lease accounting standards, here are...
Centralized asset tracking usually leads to less inventory shrinkage due to theft or lost assets.
The accounting calculations are done by computer and take minutes as compared to months if done manually....
De-centralized data management requires more effort and creates inefficiencies for companies of all sizes.
A centralized process, with centralized leasing is highly important. Leases must be located and collected, and then...
Scribcor Global gives you immediate access to lease data because we know it’s critical for the success of any portfolio management strategy.
The easier it is for our clients to access their data, the quicker they can focus on core business and create a...
Scribcor Global’s team members have the ability to be deep in the weeds of projects but also to work at the treetops with clients, sometimes at the same time.
For us to maintain our high standards, our team has been assembled to include top talent that isn’t strictly...
Scribcor Global offers full-service lease administration, lease abstraction, FASB lease compliance and equipment lease administration.
We do it all, optimizing efficiency and ultimately saving our clients money. Our team is comprised of talented...
Plan and prepare, and seek outside support to get the most effective, customized lease accounting solution for your organization.
All companies need to know, and proactively manage, the state of affairs of their leased equipment portfolio. Scribcor...
Your most critical asset is your data.
It’s critical to know what your data entails, and you should also know how your data can help you make better...