Myths and Risks of Using Spreadsheets for Lease Accounting
Why spreadsheets fall short
Download eBook to learn hidden challenges:
Where spreadsheets stand when:
Spreadsheet weaknesses increase risk
Spreadsheets are great tools for data analysis and decision support. However, they’re not designed to manage complex, ongoing business processes like accounting. The reality is the tool is not to blame for the multitude of errors that result from its use on the wrong task as the examples in this eBook show.
While many companies consider the usage of spreadsheets for lease accounting to be simply a function of portfolio size, the accountants and leasing experts at LeaseAccelerator have a simple guideline: a portfolio of a single lease requires an application designed to manage compliance, reporting, operations, and the multi-user complexities of the standards.
From avoiding design flaws, accounting weaknesses and technology gaps, learn more about why a purpose-built application matters in this guide.