PITTSBURGH, Jan. 18, 2021 /PRNewswire/ — Lease accounting application supplier, Schneider Downs, has declared the productive completion of the Services Organization Command (SOC) 1 Type 2 audit for simpLEASE Accounting. The 3rd-party audit validates the completeness and accuracy of simpLEASE’s accounting and money controls.
Moore Colson, a 3rd-occasion impartial CPA and advisory company based mostly in Atlanta, GA, offered the impartial services auditors’ report on Schneider Downs’s description of its lease accounting software method, simpLEASE. The audit reviewed simpLEASE application for processing person entities’ transactions throughout the period October 1, 2019 to September 30, 2020 and the suitability of the style and design and running success of the controls to achieve the linked control targets said in the software’s description.
Jason M. Reljac, Manager of simpLEASE Accounting Services at Schneider Downs observed, “We are self-assured in what we have developed with simpLEASE in regards to handle and precision close to lease accounting, and getting the SOC report completed even more validates our efforts and our dedication to our clients.”
simpLEASE was created by Schneider Downs, a single of the nation’s 60 most significant general public accounting corporations, to assist corporations adapt to the new lease accounting benchmarks released by the Economic Accounting Criteria Board (ASC 842). Customers reply sequence of prompts about just about every lease agreement and then simpLEASE offers data on how the lease must be claimed through a wizard-primarily based program, reducing the time put in on the categorization procedure and furnishing an effortless-to-recognize assistance to assess each individual particular person lease. Lengthy-time period, simpLEASE will help control the on-heading accounting of a leased asset which include the creation of all of the important accounting entries on a every month basis. Whether or not controlling a single lease or a thousand, simpLEASE can make lease accounting under ASC 842 easy and pain-free.
For a lot more information and facts on simpLEASE take a look at www.simpleaseaccounting.com.
About Schneider Downs
Schneider Downs is a Major 60 impartial Qualified Community Accounting (CPA) agency providing accounting, tax, audit and company advisory expert services to community and non-public businesses, not-for-profit organizations and global firms. We also offer you Internal Audit Technological innovation Consulting Software Methods Personal Monetary Expert services Retirement Program Remedies and Corporate Finance Solutions. Schneider Downs is the 13th most significant accounting company in the Mid-Atlantic area and serves persons and firms in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and further states in the United States with workplaces in Pittsburgh, PA, Columbus, OH and McLean, VA.
Get in touch with: Leigha Pindroh
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