Crunchafi

Simplifying the New Lease Standard

This guide provides a branded, client-ready overview to help firms explain the new lease standard by detailing lease qualifications, its impact on debt covenants, policies, and controls, and outlining how the firm can assist through advice, systems, team support, outsourcing, and recommended next steps.

Simplifying the New Lease Standard

Use this guide as a quick reference to help clients start planning for the new lease standard.

This document can be branded with your firm logo, firm name, phone number, and contact email address to send to your clients so they can be prepared for the new lease standard.

The document includes information about:

  • What qualifies as a lease
  • The impact of the new lease standard
    • Debt Covenants
    • Policy Elections
    • Process and Controls
  • How your firm can help
    • Advice
    • Systems
    • Team Supplement
    • Outsource (your firm can manage your clients' lease portfolio)
  • Next Steps