Lease Accounting Compliance
Your lease records maintained to standard, every quarter
Right-of-use asset calculations, lease liability amortization schedules, quarterly journal entries, and the supporting documentation your financial statements require — handled by people who work with lease accounting specifically.
What This Delivers
Lease accounting that holds together when someone looks closely at it
Each quarter, your lease records are updated with the correct calculations, journal entries are prepared, and the documentation needed for financial statement disclosures is ready. If an auditor or external accountant reviews your lease accounting, the supporting schedules will be there and they'll be accurate.
For businesses leasing significant assets — offices, equipment, vehicles, commercial space — this is the part that often gets deferred until it becomes urgent. Having it handled on a quarterly cycle means it's never behind and never needs a last-minute correction before a reporting deadline.
Specific Deliverables
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Right-of-use asset calculations for each active lease in your portfolio
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Lease liability amortization schedules maintained and updated each quarter
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Periodic journal entries prepared for the reporting period
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Supporting documentation for financial statement disclosures
The Challenge
Lease accounting requires precision that compounds over time if it slips
Once a business has five or more active leases, the accounting work behind them becomes genuinely complex. Each lease has its own start date, term, payment schedule, and applicable discount rate. Right-of-use assets and lease liabilities need to be calculated at inception and updated each period. Journal entries have to reflect the correct split between principal and interest.
When this work is handled in-house — often alongside everything else an accounting team manages — it tends to fall behind. A lease gets added without a formal schedule being set up. A renewal changes the terms but the amortization table isn't updated. Disclosure notes at year-end reflect figures that don't quite match the underlying schedules.
None of these are intentional errors. They're the kind of thing that happens when lease accounting sits at the edge of someone's job description rather than at the centre of it. That's the specific gap this service fills.
The Approach
A quarterly lease accounting cycle built around your lease portfolio
At the start, all active leases are reviewed and the initial calculations are established — right-of-use asset values, lease liabilities, and the amortization schedules that will govern each subsequent period. This foundational work is done once and updated going forward.
Each quarter, the schedules are updated, journal entries are prepared, and the documentation package for financial statement disclosures is produced. If a new lease is added or an existing one is modified during the period, it's incorporated into the next quarterly update.
This service is designed for businesses carrying five or more active leases. Below that threshold, the complexity typically doesn't justify a dedicated service. At five and above, having the schedules maintained properly starts to matter in a way that affects how financial statements read.
Lease register established at setup
All active leases are documented with their terms, payment schedules, and discount rates. Initial right-of-use and liability figures are calculated from this register.
Quarterly schedules updated and entries prepared
Amortization schedules are updated for the period, journal entries are produced, and any lease changes are reflected in the records.
Disclosure documentation packaged and delivered
Supporting documentation for financial statement disclosures is prepared alongside the schedules, so your external accountants have everything they need in one place.
Working Together
What the quarterly cycle feels like from your side
Most of the complexity stays on our side. What you experience is a predictable quarterly output — schedules, entries, and documentation arriving when your financial team needs them.
A complete documentation package each quarter
Schedules, journal entries, and disclosure support arrive together as a single package at the end of each reporting period — nothing needs to be chased separately.
New leases handled as they arise
When a new lease is signed or an existing one is modified, send us the agreement and we'll incorporate it into the register and the next quarterly update without disrupting the existing schedules.
Ready before your reporting deadline
The quarterly delivery schedule is set with your reporting calendar in mind. Materials are produced with enough lead time for your financial team or auditors to work with them.
Pricing
A quarterly rate for ongoing lease record management
Lease Accounting Compliance is priced at a flat quarterly rate. The rate covers all active leases within your portfolio at the time of each reporting period — there's no per-lease charge on top of the base amount.
If your lease count increases or decreases significantly between periods, we'll discuss whether any adjustment makes sense. For most businesses in the five-to-twenty lease range, the flat rate works without modification.
The initial setup — building the lease register and producing the first set of schedules — is included. There's no separate onboarding charge.
Investment
$600
USD per quarter
Included
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Right-of-use asset calculations for all active leases
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Lease liability amortization schedules, updated quarterly
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Periodic journal entries for the reporting period
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Financial statement disclosure documentation
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Initial lease register setup and first schedule production
Methodology
How lease compliance work is structured and verified
Each lease in the register is maintained with its own schedule. Calculations follow the applicable accounting treatment — with the discount rate, lease term, and payment structure applied consistently from the original setup through each subsequent period.
Journal entries are prepared with reference to the underlying schedules so that figures trace directly back to source. If your auditors follow a trail from the financial statements into the supporting documentation, the numbers will connect cleanly.
When lease modifications occur — extensions, early terminations, or changes to payment terms — the affected schedules are recalculated from the modification date. The prior periods remain as recorded; only the forward-looking calculations are updated.
Portfolio threshold
5+ active leases
This service is designed for businesses at the point where lease accounting complexity justifies dedicated management — typically five leases and above.
Reporting cycle
Quarterly
Deliverables are produced each quarter and timed to your reporting calendar, so materials arrive before your financial team or auditors need them.
Modification handling
Incorporated as they occur
New leases and changes to existing ones are added to the register and reflected in the next quarterly output without requiring a separate engagement.
Our Commitment
We'd like to understand your lease situation before you commit to anything
Before any engagement begins, we find it useful to look at your current lease list — the assets, the terms, and how they're currently being handled in your books. That gives us a clear picture of what the initial setup involves and whether the quarterly scope makes sense for your situation.
If your lease count changes materially over time, the service adapts. There's no obligation to continue beyond any given quarter if circumstances change on your end.
Review your lease list before committing
We're happy to look at your current lease register and give you a clear picture of what's involved before you decide.
Flat quarterly rate, no hidden additions
The $600 quarterly rate covers all active leases within scope. New leases added mid-quarter are included in the next period's output.
Audit-traceable output every quarter
Every figure in the disclosure documentation traces back to the underlying schedule. If someone checks the numbers, they'll find they connect.
Getting Started
How we set up your lease accounting from the beginning
Getting started is straightforward. The initial work is more involved than the ongoing quarterly cycle, but it's a one-time effort rather than a recurring one.
Share your lease list
Send us a list of your active leases and the relevant agreements. We'll review them and confirm what information we need to build the register.
Initial setup conversation
We follow up to clarify any terms, confirm discount rates, and understand your reporting calendar. This shapes how everything is structured.
Lease register and first schedules
Initial right-of-use and liability calculations are produced for all active leases. First amortization schedules are built and reviewed with you.
Quarterly cycle begins
From the next reporting period, updated schedules, journal entries, and disclosure documentation arrive on schedule each quarter.
Ready to Talk
Start with a conversation about your lease portfolio
Tell us how many active leases you're carrying and how they're currently handled in your books. We'll follow up within one business day and take it from there.
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