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Platform Models Gain Investment Backing in B2B

PYMNTS

LeaseQuery , which is one of the largest providers of lease accounting software, said that it has received an investment from Goldman Sachs’ Merchant Banking Division, to the tune of $40 million in Series A funding. Here in the U.S.,

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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

GAAP for accounts payable and receivable The Generally Accepted Accounting Principles (GAAP) are a set of rules specific to the United States that are designed to provide oversight for accounting practices. Is invoicing accounts payable or receivable?

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LeaseAccelerator, Clearlink Partner For SMB Lease Accounting Compliance

PYMNTS

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in lease accounting standards. The companies announced their partnership in a press release issued Wednesday (Aug.

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Small Businesses’ Biggest Lease Accounting Pitfalls

PYMNTS

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. ”

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Pulling Back The Curtain On Corporate Finance Reports

PYMNTS

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. In the U.K., In the U.K., In the U.S., But researchers warn that corporates continue to find ways to hide the bad news.

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Why Corporate Lease Management Is Headed For An Overhaul

PYMNTS

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

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CFOs Brace For Loan Disruption Amid Accounting Changes

PYMNTS

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Some companies may seek legal advice on adopting the new standards or interpreting loan covenants.

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