Act Now to Comply with ASC 842
Private companies have until December 15, 2020 to comply with FASB ASC 842. Don't wait until the last minute and be left unprepared. Schedule a demo now, and Tango will help you on the road to compliance.
The Clock is Ticking....
The deadline for private company compliance to ASC 842 is fast approaching. Avoid some of the challenges faced by public companies who started their compliance process too late.
Tango can help you:
- Account for equipment, real estate, and embedded leases
- Leverage built-in classification questions to identify capital lease vs. finance
- Easily calculate Right-of-Use (ROU) asset and lease liability
- Ensure comprehensive lease data capture and maintain lease audit trail
- Complete complicated rent and other calculations, such as straight-line rent streams, automate journal entries, and manage variable expenses