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Lease Accounting and Rent Reconciliation

This presentation by Exo Edge covers the key aspects of Lease Accounting and Rent Reconciliation in real estate. It begins with an overview of lease accounting, highlighting the importance of compliance with standards like ASC 842 and IFRS 16 and the need for accurate lease classification. The next section explains the rent reconciliation process, outlining steps such as verifying payments, identifying discrepancies, and maintaining audit-ready records.

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Lease Accounting and Rent Reconciliation

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  1. Lease Accounting and Rent Reconciliation Streamlining Financial Accuracy in Real Estate Presented by:Exo Edge

  2. Understanding Lease Accounting Key Points: • Lease accounting involves tracking lease agreements, rent schedules, and financial obligations. • Compliance with standards like ASC 842, IFRS 16, and GASB 87 is essential. • Accurate lease classification: Operating vs. Finance Leases • Importance of maintaining a lease ledger for transparency.

  3. Rent Reconciliation Process Key Points: • Rent reconciliation ensures accurate rent payments by matching lease agreements with financial records. • Key steps: • Collect lease agreements and compare with invoices. • Verify payments vs. lease terms (Base rent, escalations, CAM charges). • Identify discrepancies and resolve them promptly. • Maintain audit-ready records for compliance.

  4. How Exo Edge Can Help Key Points: • Expert lease accounting and rent reconciliation services to ensure financial accuracy. • Automated tools and skilled professionals for seamless compliance. • Error-free reporting for audits and financial decision-making. • Proven track record in real estate accounting solutions.

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