{"id":1473,"date":"2018-11-21T08:15:21","date_gmt":"2018-11-21T08:15:21","guid":{"rendered":"https:\/\/visuallease.com\/?p=1473"},"modified":"2025-11-24T03:42:54","modified_gmt":"2025-11-24T07:42:54","slug":"visual-lease-reporting-features-asc-842-journal-entries","status":"publish","type":"post","link":"https:\/\/visuallease.com\/visual-lease-reporting-features-asc-842-journal-entries\/","title":{"rendered":"Visual Lease Reporting Features: ASC 842 Journal Entries"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/visuallease.com\/visual-lease-reporting-features-asc-842-journal-entries\/#Journal_entries_for_the_new_lease_accounting_standards_are_you_getting_the_intelligence_you_need\" >Journal entries for the new lease accounting standards: are you getting the intelligence you need?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/visuallease.com\/visual-lease-reporting-features-asc-842-journal-entries\/#Business_intelligence_helps_you_do_more_with_ASC_842_journal_entries\" >Business intelligence helps you do more with ASC 842 journal entries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/visuallease.com\/visual-lease-reporting-features-asc-842-journal-entries\/#Journal_entries_think_beyond_the_basics\" >Journal entries: think beyond the basics<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span style=\"font-weight: 400\"><img decoding=\"async\" class=\"aligncenter wp-image-1476\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Blog-post-4-Journal-Entries--300x195.jpg\" alt=\"\" width=\"700\" height=\"456\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Blog-post-4-Journal-Entries--300x195.jpg 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Blog-post-4-Journal-Entries--768x500.jpg 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Blog-post-4-Journal-Entries--1024x666.jpg 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Blog-post-4-Journal-Entries-.jpg 1573w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Journal_entries_for_the_new_lease_accounting_standards_are_you_getting_the_intelligence_you_need\"><\/span><span style=\"font-weight: 400\">Journal entries for the new lease accounting standards<\/span><span style=\"font-weight: 400\">: are you getting the intelligence you need?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">As the deadline for complying with <\/span><a href=\"https:\/\/visuallease.com\/compliance\/asc-842\/\"><span style=\"font-weight: 400\">FASB lease accounting<\/span><\/a> <span style=\"font-weight: 400\">changes<\/span><span style=\"font-weight: 400\"> draws closer, financial leaders are realizing they need much more than a tool that produces a list of journal entries for each lease in their portfolio. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Journal entries for the new lease accounting standards<\/span><span style=\"font-weight: 400\"> are an essential requirement, but they are really only the starting point for accurate and favorable <a href=\"https:\/\/visuallease.com\/solutions\/lease-accounting-software\/\">lease accounting<\/a><\/span><span style=\"font-weight: 400\">\u00a0and financial reporting.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To optimize your l<\/span><span style=\"font-weight: 400\">ease accounting<\/span><span style=\"font-weight: 400\"> outcome, you need <\/span><b>business intelligence<\/b><span style=\"font-weight: 400\"> that helps you: <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Understand how lease accounting impacts your financial reporting <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Examine lease accounting details for different parts of your lease portfolio and different segments of your business <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Make lease accounting choices that result in the best possible financial picture for your organization<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Make better decisions about leasing moving forward<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">To that end, Visual Lease\u2019s recent software update provides enhanced reporting capabilities and business intelligence for <\/span><a href=\"https:\/\/visuallease.com\/software\/lease-accounting\/asc-842-journal-entries\/\"><span style=\"font-weight: 400\">ASC 842 journal entries<\/span><\/a><span style=\"font-weight: 400\">. <\/span><\/p>\n<p><span style=\"font-weight: 400\">We have also fine-tuned all the nuances of transitioning current leases over the new lease accounting standards, so you have everything you need in place to get prepared for Day 1 compliance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Keep reading to learn about Visual Lease\u2019s new <\/span><b>journal entry summary report<\/b><span style=\"font-weight: 400\">, which provides powerful and flexible tools that turn your journal entries into truly valuable data.<\/span><\/p>\n<h2><span style=\"font-weight: 400\"><a href=\"https:\/\/visuallease.com\/schedule-demo-ub\/\"><img decoding=\"async\" class=\"aligncenter wp-image-1723\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2019\/04\/button-3.png\" alt=\"\" width=\"278\" height=\"60\" \/><\/a><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Business_intelligence_helps_you_do_more_with_ASC_842_journal_entries\"><\/span><span style=\"font-weight: 400\">Business intelligence helps you do more with <\/span><span style=\"font-weight: 400\">ASC 842 journal entries<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Large organizations have mountains of financial data. But for that data to be useful for making decisions and improving outcomes, you need the ability to dig in and see that data in a variety of ways.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That\u2019s exactly what we\u2019ve provided with the new Visual Lease journal entry summary report. Using this powerful new tool based on data warehouse and analytics technology, you can view journal entry information across your entire lease portfolio. And, best of all, you can slice and dice it to see exactly what you need, when you need it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, you can look at:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Journal entries for different reporting entities within the larger organization<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">An analysis of leasing information by department<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Lease accounting impacts for a month, quarter or year<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Lease dates, debits and credits to determine account balances for your balance sheet<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"http:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Journal-Entries.png\"><img decoding=\"async\" class=\"alignnone wp-image-1475 size-medium\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Journal-Entries-300x164.png\" alt=\"\" width=\"300\" height=\"164\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Journal-Entries-300x164.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Journal-Entries-768x420.png 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Journal-Entries-1024x559.png 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Journal-Entries.png 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/span><span style=\"font-weight: 400\"><a href=\"http:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Screen-Grab-1.png\"><img decoding=\"async\" class=\"alignnone wp-image-1474 size-medium\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Screen-Grab-1-300x153.png\" alt=\"\" width=\"300\" height=\"153\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Screen-Grab-1-300x153.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Screen-Grab-1-768x391.png 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Screen-Grab-1-1024x522.png 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Screen-Grab-1.png 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/span><\/p>\n<p><span style=\"font-weight: 400\">What our customers seem to love is the flexibility the tool offers to quickly produce a custom view of your journal entries:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Drag and drop columns to re-arrange information<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Change grouping and subgrouping<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Create subtotals at each group level<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Show the results in visual formats such as charts and graphs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The best part? As you select options to view different journal entry data, the report rebuilds in real time. So there\u2019s no waiting and you have instant access to the information you need.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Visual Lease\u2019s new report is an amazingly powerful tool for analytics reporting and data visualization. In fact, there\u2019s so much you can do with it that we offered our customers a training webinar to show them the possibilities and help them get value from the tool immediately. <\/span><\/p>\n<p><span style=\"font-weight: 400\">See for yourself: <a href=\"https:\/\/visuallease.com\/schedule-demo-ub\/\">request a demo now!<\/a><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Journal_entries_think_beyond_the_basics\"><\/span><span style=\"font-weight: 400\">Journal entries: think beyond the basics<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Chances are, right now you are focused on <\/span><span style=\"font-weight: 400\">ASC 842 implementation<\/span><span style=\"font-weight: 400\"> and transitioning to <\/span><span style=\"font-weight: 400\">accounting for leases under the new standard<\/span><span style=\"font-weight: 400\">. So you might be tempted to think only about producing accurate journal entries for all your leases and getting them onto the balance sheet. <\/span><\/p>\n<p><span style=\"font-weight: 400\">That\u2019s understandable. And of course, every lease accounting tool can do that. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, don\u2019t rush into the wrong decision because, in the urgent push to get prepared for Day 1, you\u2019re overlooking the chance to think bigger and get more. Look for an <\/span><span style=\"font-weight: 400\">ASC 842 lease accounting <\/span><span style=\"font-weight: 400\">and reporting tool with features that can help your organization meet goals and improve outcomes.<\/span><\/p>\n<p><a href=\"https:\/\/visuallease.com\/schedule-demo-ub\/\"><img decoding=\"async\" class=\"aligncenter wp-image-1725 size-full\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2018\/11\/Schedule-A-Demo-Today-e1555423243401.jpg\" alt=\"\" width=\"600\" height=\"300\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Journal entries for the new lease accounting standards: are you getting the intelligence you need? As the deadline for complying with FASB lease accounting changes draws closer, financial leaders are&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1476,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[170],"tags":[185,196],"company_size":[],"company_portfolio_size":[],"company_industry":[],"case_study_topic":[],"class_list":["post-1473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lease-accounting","tag-asc-842","tag-ifrs-15"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts\/1473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/comments?post=1473"}],"version-history":[{"count":0,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/posts\/1473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/media\/1476"}],"wp:attachment":[{"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/media?parent=1473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/categories?post=1473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/tags?post=1473"},{"taxonomy":"company_size","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_size?post=1473"},{"taxonomy":"company_portfolio_size","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_portfolio_size?post=1473"},{"taxonomy":"company_industry","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/company_industry?post=1473"},{"taxonomy":"case_study_topic","embeddable":true,"href":"https:\/\/visuallease.com\/wp-json\/wp\/v2\/case_study_topic?post=1473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}