simpLEASE Accounting Achieves SOC 1 Sort 2 Certification Confirming Accounting and Economic Controls Protection | Condition

PITTSBURGH, Jan. 18, 2021 /PRNewswire/ — Lease accounting software program service provider, Schneider Downs, has declared the productive completion of the Support Firm Regulate (SOC) 1 Type 2 audit for simpLEASE Accounting. The 3rd-occasion audit validates the completeness and accuracy of simpLEASE’s accounting and money controls.

Moore Colson, a 3rd-get together unbiased CPA and advisory company based mostly in Atlanta, GA, provided the independent services auditors’ report on Schneider Downs’s description of its lease accounting computer software process, simpLEASE. The audit reviewed simpLEASE computer software for processing person entities’ transactions all through the period October 1, 2019 to September 30, 2020 and the  suitability of the style and running usefulness of the controls to attain the associated command aims said in the software’s description.

Jason M. Reljac, Manager of simpLEASE Accounting Companies at Schneider Downs pointed out, “We are assured in what we have built with simpLEASE in regards to regulate and precision all over lease accounting, and acquiring the SOC report accomplished further validates our endeavours and our commitment to our shoppers.”

simpLEASE was produced by Schneider Downs, a single of the nation’s 60 biggest general public accounting companies, to aid corporations adapt to the new lease accounting criteria launched by the Fiscal Accounting Standards Board (ASC 842). Consumers response series of prompts about each individual lease agreement and then simpLEASE provides info on how the lease should really be reported as a result of a wizard-based mostly program, cutting down the time expended on the categorization system and giving an uncomplicated-to-understand guidance to examine each individual specific lease. Lengthy-term, simpLEASE assists regulate the on-going accounting of a leased asset such as the creation of all of the necessary accounting entries on a month to month basis. No matter whether handling one lease or a thousand, simpLEASE will make lease accounting less than ASC 842 easy and pain-free.

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About Schneider Downs

Schneider Downs is a Prime 60 impartial Accredited Community Accounting (CPA) organization offering accounting, tax, audit and business enterprise advisory providers to public and non-public companies, not-for-income organizations and world wide firms. We also offer you Interior Audit Technological know-how Consulting Computer software Methods Personal Fiscal Expert services Retirement Approach Answers and Corporate Finance Providers. Schneider Downs is the 13th biggest accounting organization in the Mid-Atlantic area and serves people today and firms in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with workplaces in Pittsburgh, PA, Columbus, OH and McLean, VA.

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