Lease Accounting Services

We help companies transition smoothly, maintain compliance, and ensure accurate financial reporting year after year.

Lease accounting requirements under ASC 842 have significantly changed how organizations report leases on their financial statements. Many businesses struggle with the technical requirements, data collection, system implementation, and ongoing reporting obligations. DLIN Accounting & Consulting provides expert ASC 842 lease accounting services to help organizations achieve compliance efficiently while minimizing disruption to daily operations.

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Our ASC 842 Lease Accounting Services

Lease Portfolio Identification & Data Collection

We perform a complete lease inventory and assist in gathering all relevant lease contracts and data points needed for compliance, including:

  • Contract abstraction and verification
  • Identification of embedded leases
  • Classification of lease vs. non-lease components

Transition Support & Journal Entries

This service reduces disruption and prepares your financials for audit scrutiny. For new adopters or organizations converting from legacy lease standards:

  • Transition method selection and implementation support
  • Preparation of transition journal entries
  • Development of comprehensive documentation supporting accounting policy elections

ASC 842 Implementation & Technical Accounting

We guide your organization through the technical lease accounting requirements under ASC 842, including:

  • Lease classification analysis (operating vs. finance)
  • Right-of-Use (ROU) asset and lease liability measurement
  • Determination of discount rates and lease terms
  • Application of ASC 842 judgments and practical expedients

Ongoing Lease Accounting & Reporting

Compliance does not end after initial implementation. We provide ongoing support to maintain accurate lease accounting throughout the reporting cycle:

  • Monthly or quarterly lease accounting entries
  • Reassessment of lease modifications, renewals, or terminations
  • Updated ROU asset and lease liability calculations
  • Assistance with required financial statement disclosures

Who Benefits from ASC 842 Lease Accounting Services?

If lease management or compliance is consuming excessive internal resources, expert support can significantly improve efficiency and reporting accuracy.

These services are ideal for:

Companies with multiple facility or equipment leases

Businesses preparing for or undergoing financial statement audits

Organizations lacking internal technical accounting expertise

Growing companies expanding locations or equipment footprints

Businesses transitioning from previous lease accounting standards

Companies seeking improved lease tracking and reporting processes

Why Work With DLIN Accounting & Consulting?

DLIN Financial provides more than bookkeeping. We serve as a financial partner focused on accuracy, compliance, and strategic insight for your business.

CPA-led accounting guidance

Efficient and scalable implementation

business-focused solutions

Clear, reliable financial reporting

Personalized & Tailored Accounting support

Responsive communication

Ongoing partnership Through Every process

Trusted by Businesses and Individuals Who Value Accuracy and Expertise

We’re proud to receive consistent positive feedback from clients who appreciate our responsiveness, technical expertise, and personalized approach.

Ready to Ensure Accurate Lease Reporting?

ASC 842 compliance affects your balance sheet, financial disclosures, and audit readiness. Having the right technical accounting partner makes all the difference.

Talk With a Lease Accounting Advisor