Rapid development Lessor & lessee
accounting for all size transactions, portfolios
and types of leases.
Dozens of customizable hardcopy & screen reports with many options provide for infinite combinations
Report summaries for selected terms and selected transactions types
Hundreds of example templates.
Complete automated customizable lessor & lessee journal entry creation
Termination entry creation
Entire term combined & individual deal analysis with separable integrated yield analysis
Save time & money...set up once and use it every year
We are a small consulting firm currently involved in tax preparation, financial consulting and software systems. The owner, Phil Tirino, spent much of his career in the leasing industry starting in truck leasing then moving to finance company and bank owned leasing operations. He was heavily involved during the formulation of FASB13, lecturing and writing numerous articles. Upon publication of ASC 842 it became apparent that most of the change was in fact the addition of the lessee reporting requirements,
We began writing TRULEASES with lessee reporting as the main focus . It became apparent lessor reporting could now be inextricably intertwined with lessee side reporting. The conclusion was that writing an accounting package would best include a combined approach to aid in responding to lessee needs and reservations. This permits lessees or consulting firms including CPA firms to quickly and easily develop a lessee portfolio that can be used and updated from year to year. This results in saving consulting time and money among other benefits.
Truleases was designed and written by Philip J. Tirino ,CPA . He is a currently practicing CPA Licensed in NY and Fl and a member of the NYS Society of CPAs With over 40 years experience in lease accounting and public accounting, helping the small CPA practitioners was inherently part of the design. CPA's will be given as a courtesy extended system operations support and advisory services. This is the only software you will need to handle ASC 842 lease accounting.