Lease Management Tool

Rent expense is required (FAS13 and FSP 13-1) to be computed on a straightline basis from the date of turnover to the lease expiration in accordance with Generally Accepted Acounting Principles (“GAAP”). Our Lease Management Tool, tracks your leases and the related rent increases, computes the straightline rent expense and cash rent to be paid under the lease and then determines the deferral amount as of any date you specify.

Our Tool is “auditor friendly” with all computations and formulas visible. An individual report is generated for each lease, and a summary report aggregates the amounts and computes the overall deferred rent balance. Leases can be easily added, modified or deleted as needed.

As an Excel add-in, the interface will be very familiar to most accountants, and key formulas are locked to prevent them from being accidentally overridden. With our Tool, computing deferred rent is as easy as selecting a date and pushing a button.

Please see our demo for more information and actual screen shots and our FAQ for licensing information and Company policies.

Tool Application

The Tool can be used to compute deferred rent in the following types of transactions:

1. For leases with increased rental payments over the term
   • Contractual increases
   • CPI increases that contain a floor provision
2. For leases that have a period without rent
   • During construction
   • As an inducement to sign the lease
3. By auditors
   • To audit the client's deferred rent balance

Ordering Information

The Lease Management Tool is available for $899 (US Dollars) for download.

We offer a variety of Excel-based tools to assist companies in complying with accounting requirements. This Tool take assumptions as inputs and with the push of a button, produces amortization based on those assumptions using industry-standard methods. The formulas are protected from tampering to prevent accidental deletion or modification.

We also provide consulting services to assist with Lease accounting. Please contact us at consulting@procognis.com for more details.

Feel free to contact us at sales@procognis.com if you have any questions about this Tool.

Example Screenshots from our Lease Management Tool: