Riveron Partners with LeaseQuery to Provide an End-to-End Lease Accounting Solution
ATLANTA, April 9, 2019 – Riveron, a business advisory firm specializing in transactions, accounting advisory and performance improvement, has partnered with LeaseQuery, a leading provider of lease accounting software, to strengthen both firm’s ability to address their client’s complex lease management and accounting needs. Through the partnership, Riveron will receive in-depth training in LeaseQuery’s system thus enhancing their knowledge of LeaseQuery’s capability and functionality.
The new regulations for lease accounting were released in 2016 by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). The new standards, known as FASB Topic 842 and IFRS 16 call for sweeping changes to how companies account for their leases. For most public companies, and those that report under the international standard, the effective date of the new standards was January 2019; for most private companies the effective date is January 2020.
Complying with the new regulations requires in-depth understanding of the new standards, as well as software that enables accuracy and efficiency. Many companies are choosing to leverage consultants to ensure their compliance. This partnership enables Riveron to supplement their lease accounting expertise with a software tool that is built for compliance.
“Through implementing the ASC 842 standard at countless clients over the last two years, we have learned how imperative it is to find a lease accounting solution that meets the diverse accounting, management and reporting needs of our clients.” Said Kreg Nichols, Riveron COO. “LeaseQuery is a wonderful solution for many of our clients and we are excited to deepen our relationship through this partnership”
“Companies are turning to Riveron to ease the stress that comes with transitioning to the new standards, and we’re proud to be a part of that solution,” said George Azih, LeaseQuery CEO and founder.
LeaseQuery helps accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. By providing specialized consulting services in addition to its software solution, LeaseQuery enables companies across all sectors to ensure compliance with the most comprehensive regulatory reform in 40 years. It is the first lease accounting software built by accountants for accountants. For more information about LeaseQuery, visit LeaseQuery.com or call 1-800-880-7270.