What is Lease Accounting Software? | LeaseQuery
Lease accounting is the process by which businesses record the financial impact of agreements to rent or finance the rights to use specific assets, also known as leasing. The reporting standards for lease accounting are maintained by the Financial Accounting Standards Board (FASB) in the United States, the International Accounting Standards Board (IASB) internationally, and the Governmental Accounting Standards Board (GASB) for state and local entities in the United States.
New Feature for Finance Improvements to Recognition of AP Documents
In the latest release of Acumatica 2022 R1, there have been several updates to the recognition of AP documents including resubmitting, searching for a vendor, and mass processing.
Acumatica 2022 R1 Feature Review: Pro Forma Invoices
Acumatica 2022 R1 has been released and there are several new features to highlight for each edition of the project. To continue with the projects/construction edition, there are a few changes to note about the Pro Forma Invoices Form (PM307000). See the below screenshot and notes with information regarding the changes.
On this form, there are several new columns that have been added. Each of these columns are pulling data in from the Related Revenue Budget Line of the project on the Revenue Budget tab of the Projects Form (PM301000).
· Revised Budget Quantity: revised budget quantity of the line
· Actual Quantity: actual quantity of the line
· Previously Invoiced Quantity: the running total of the Quantity to Invoice column on this tab
· Quantity to Invoice: billing quantity
· UOM: Unit of measure for the project
· Unit Price: Unit price
· Progress Billing Base: Basis of project billing
Acumatica 2022 R1 New Feature for Projects and Construction
Changes to the Projects Form
In previous versions of Acumatica, projects billed by progress could only be billed in the revenue that was in the budget lines. With the newest release of Acumatica 2022 R1, billing can now be done in both quantity and amount for the project. These changes are done in the project’s form. In the following sections, we will review these changes.
Who is LeaseQuery?
What is LeaseQuery? It is a lease accounting software made by accountants for accountants. LeaseQuery provides the calculations and functionality that are necessary to comply with reporting standards.
Creating a loan account in AcuLoan
AcuLoan is a complete loan management and information software program designed to work completely within the Acumatica platform. AcuLoan allows you to house the loan profile in the system while managing the transactions. See below for steps on creating a loan within the system.
Visibility of Project Transactions in Projects and Construction
Now released in Acumatica 2021 R2, administrators can limit the visibility of employee information such as hourly wage, benefits, and other confidential data from those who are not supposed to see this data.
AcuLoan integration with Acumatica
AcuLoan is a complete loan management and information software program designed to work fully within the Acumatica platform. The types of finance loans that AcuLoan is designed to handle are finance agreements, student loans, buy now pay later, and so much more.
Acumatica 2021 R2 New Feature Review: Multi-Currency for Expense Reports
In the latest release of Acumatica 2021 R2, there can be multiple base currencies for both expense receipts and claims within the same tenant. This is a huge difference in comparison to previous versions of Acumatica where these had to be the same currency within the same tenant. […]