How does Hamilton help?
Whether you're a lessor or a lessee, your company will be impacted by the changes.
As a lessee, your leases will become on-balance sheet liabilities, changing the way your company's assets and debt appear in your accounting books. Among other areas of impact, the pattern of recognizing expenses will also change.
As a lessor, the practice of classifying leases will remain similar — finance lease or operating lease — but the revenue recognition guidelines are changing.
Wider areas of business impact are certain, especially in key reporting metrics for companies with large lease portfolios. You can use this time as a perfect opportunity to make improvements to your end-to-end lease administration and management processes.