simpLEASE Accounting Achieves SOC 1 Kind 2 Certification Confirming Accounting and Financial Controls Safety

PITTSBURGH, Jan. 18, 2021 /PRNewswire/ — Lease accounting program supplier, Schneider Downs, has announced the profitable completion of the Assistance Organization Regulate (SOC) 1 Sort 2 audit for simpLEASE Accounting. The third-occasion audit validates the completeness and accuracy of simpLEASE’s accounting and fiscal controls.

Moore Colson, a 3rd-occasion impartial CPA and advisory company based mostly in Atlanta, GA, delivered the impartial company auditors’ report on Schneider Downs’s description of its lease accounting software technique, simpLEASE. The audit reviewed simpLEASE computer software for processing consumer entities’ transactions in the course of the period October 1, 2019 to September 30, 2020 and the  suitability of the style and design and functioning usefulness of the controls to attain the associated regulate goals stated in the software’s description.

Jason M. Reljac, Manager of simpLEASE Accounting Providers at Schneider Downs pointed out, “We are self-confident in what we have crafted with simpLEASE in regards to management and precision all over lease accounting, and owning the SOC report done additional validates our attempts and our dedication to our customers.”

simpLEASE was created by Schneider Downs, just one of the nation’s 60 premier general public accounting corporations, to help corporations adapt to the new lease accounting benchmarks launched by the Economic Accounting Specifications Board (ASC 842). Consumers respond to sequence of prompts about every single lease contract and then simpLEASE provides data on how the lease should really be described as a result of a wizard-based method, lessening the time put in on the categorization approach and supplying an effortless-to-comprehend assistance to evaluate each and every particular person lease. Very long-term, simpLEASE helps manage the on-going accounting of a leased asset such as the creation of all of the important accounting entries on a every month foundation. Regardless of whether taking care of one lease or a thousand, simpLEASE can make lease accounting under ASC 842 straightforward and painless.

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About Schneider Downs

Schneider Downs is a Top 60 impartial Qualified Public Accounting (CPA) business supplying accounting, tax, audit and business advisory services to public and non-public businesses, not-for-gain businesses and world-wide organizations. We also supply Interior Audit Engineering Consulting Software package Solutions Own Fiscal Companies Retirement System Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting business in the Mid-Atlantic location and serves individuals and corporations in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and supplemental states in the United States with offices in Pittsburgh, PA, Columbus, OH and McLean, VA.

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