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Technical Accounting Consulting (TAC) Services

Managed Lease Services

Lease accounting doesn’t end at adoption. Aprio helps you stay current with ASC 842 and IFRS 16, from implementation to ongoing managed lease accounting across your portfolio.

Accurate lease accounting.

Adoption through reporting.

An extension of your team.

Account for Anything™ with Aprio

Lease management is complex. Accurately identifying and accounting for a growing lease portfolio across your entire organization can be overwhelming, and the reporting requirements under ASC 842 and IFRS 16 can quickly strain your team’s time and internal resources.

Both standards have been in effect for years. The hard part is no longer adoption. It’s keeping pace as leases are signed, modified, renewed, impaired, and terminated, quarter after quarter, usually with a lean team.

Aprio’s Managed Lease Services helps reduce that burden, from adoption and implementation to ongoing managed lease accounting. Think of us as an extension of your accounting team: cleaner disclosures, fewer late nights, and time back in your day.

Our Focus Areas

Aprio’s lease specialists bring their experience across all four reporting frameworks and every stage of the lease lifecycle to extend your accounting team’s capacity.

  • ASC 842 Lease Accounting

    We handle classification between operating and finance leases, right-of-use assets and lease liabilities, recurring journal entries, amortization schedules, and the disclosure requirements your auditors will test.

  • IFRS 16 Lease Accounting

    IFRS 16 applies a single lessee model, so nearly every lease is treated like a finance lease. If you report under both frameworks, we run the parallel calculations and document where the treatment diverges.

  • GASB 87 & GASB 96 Compliance

    Government and public sector entities face the same abstraction, measurement, and disclosure work under GASB 87. We also cover GASB 96, which applies similar principles to subscription-based information technology arrangements (SBITAs).

  • Lease Accounting Software

    You don’t have to choose between buying software and hiring people to run it. We work inside the platform you already license, or your leases run on our platform as part of the managed service, with no license of your own to maintain.

  • ASC 842 & IFRS 16 Implementation

    We guide your in-house staff through adoption using your own software license, from policy elections and transition to amortization schedules. We also clean up a rushed initial adoption so the reporting is easier to support.

  • Lease Abstraction & Administration

    We pull the terms that drive the numbers out of your lease documents, keep that data current as the portfolio changes, and handle critical date tracking, document storage, and portfolio reporting.

  • Lease Accounting Audit Support

    We prepare the schedules, roll-forwards, and supporting documentation your auditors request, and we can walk them through the policy decisions and calculations directly.

Frequently Asked Questions

What are managed lease accounting services?

Managed lease accounting services means we handle your lease accounting for you on an ongoing basis, rather than leaving it to your internal team. That includes lease abstraction, recurring journal entries, amortization schedules, disclosure reporting, and ongoing monitoring of your lease portfolio under ASC 842, IFRS 16, GASB 87, or GASB 96. You can use our software platform or your own.

Do you help with ASC 842 implementation, or only ongoing lease accounting?

Both. Some clients need help adopting ASC 842 or IFRS 16 once, getting the portfolio abstracted, the policy elections documented, and the schedules built. Others hand the whole function to us every quarter. We also pick up portfolios where an earlier adoption was rushed and the reporting has drifted since.

What is the difference between ASC 842 and IFRS 16?

Both standards require lessees to recognize most leases on the balance sheet, but they diverge on classification. ASC 842 keeps the distinction between operating and finance leases, with different expense patterns for each. IFRS 16 uses a single lessee model that treats nearly all leases like finance leases. Companies reporting under both frameworks often need parallel calculations, which is where most of the manual effort goes.

When did ASC 842 take effect?

ASC 842 took effect for public companies in fiscal years beginning after December 15, 2018, and for private companies in fiscal years beginning after December 15, 2021. Both deadlines have long passed, so the work today is less about adoption and more about applying the standard correctly as portfolios change and keeping disclosures current.

Is ASC 842 still considered the new lease accounting standard?

It is often still described that way, but ASC 842 has been in effect for years. What tends to be new is the situation rather than the standard: a first audit, a growing portfolio, an acquisition, or an initial adoption that now needs cleaning up.

Do we need our own lease accounting software?

No. You can run your leases on our platform as part of our managed service, or we can work inside the software you already license and guide your team through it. Either way you get the schedules, entries, and disclosures you need.

How large does a lease portfolio need to be?

We work with portfolios from three leases to 3,000. Small portfolios usually need help with the technical application and the disclosures. Large portfolios usually need help with the volume, the modifications, and keeping everything current between reporting periods.

Can you support our auditors?

Yes. We prepare the lease schedules, roll-forwards, and supporting documentation auditors typically request, and we can walk through the policy decisions and calculations with them directly. Clients who came to us after a difficult audit cycle usually name this as the reason.

Do you support GASB 87 and GASB 96 for government entities?

Yes. Government and public sector entities reporting under GASB 87 face the same abstraction, measurement, and disclosure work as companies under ASC 842. We also support GASB 96, which covers subscription-based information technology arrangements, or SBITAs, and follows similar recognition principles.

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