RSM has announced a partnership with LeaseQuery, a leading provider of purpose-built lease accounting software, to create an “innovative solution”, to help middle market business “leaders comply with new and changing lease requirements”.
RSM Lease Accounting, is a self-service product. According to the firm, clients can sign up with a credit card, skipping what can sometimes be “cumbersome and/or time-consuming activities related to creating a scope-of-work”.
RSM said that more than 10,000 finance professionals globally rely on LeaseQuery’s cloud-based platform for “accounting compliance, financial decision-making, data centralization, lease management and lease accounting”.
Daniel Beil, partner with RSM US LLP, said: “RSM’s lease accounting offering is unique in that it enables us to help solve for organizations that might have smaller lease portfolios but still need to report on ASC 842, which requires all long term leases to be recorded on a balance sheet.”
“There isn’t another solution out there that will do what we can for middle market businesses with up to 20 leases, particularly for the price.”
He added: “RSM also offers other valuable compliance services to help these businesses – which are often large enough to have to comply with various regulations, but small enough to not have the resources in-house – comply with evolving regulatory requirements. We can often serve as a one-stop-shop for these businesses.”