PITTSBURGH, Jan. 18, 2021 /PRNewswire/ — Lease accounting software program supplier, Schneider Downs, has introduced the profitable completion of the Service Group Management (SOC) 1 Sort 2 audit for simpLEASE Accounting. The third-party audit validates the completeness and accuracy of simpLEASE’s accounting and monetary controls.
Moore Colson, a third-party impartial CPA and advisory agency primarily based in Atlanta, GA, supplied the impartial service auditors’ report on Schneider Downs’s description of its lease accounting software program system, simpLEASE. The audit reviewed simpLEASE software program for processing person entities’ transactions all through the interval October 1, 2019 to September 30, 2020 and the suitability of the design and working effectiveness of the controls to attain the associated management targets acknowledged within the software program’s description.
Jason M. Reljac, Supervisor of simpLEASE Accounting Companies at Schneider Downs famous, “We’re assured in what we’ve got constructed with simpLEASE with regard to manage and accuracy round lease accounting, and having the SOC report accomplished additional validates our efforts and our dedication to our purchasers.”
simpLEASE was developed by Schneider Downs, one of many nation’s 60 largest public accounting corporations, to assist organizations adapt to the brand new lease accounting requirements launched by the Monetary Accounting Requirements Board (ASC 842). Customers reply collection of prompts about every lease contract after which simpLEASE offers data on how the lease must be reported by a wizard-based system, lowering the time spent on the categorization course of and offering an easy-to-understand steerage to investigate every particular person lease. Lengthy-term, simpLEASE helps handle the on-going accounting of a leased asset together with the creation of all the crucial accounting entries on a month-to-month foundation. Whether or not managing one lease or a thousand, simpLEASE makes lease accounting below ASC 842 easy and painless.
For extra data on simpLEASE go to www.simpleaseaccounting.com.
About Schneider Downs
Schneider Downs is a High 60 impartial Licensed Public Accounting (CPA) agency offering accounting, tax, audit and enterprise advisory providers to private and non-private firms, not-for-profit organizations and world firms. We additionally provide Inner Audit; Expertise Consulting; Software program Options; Private Monetary Companies; Retirement Plan Options and Company Finance Companies. Schneider Downs is the thirteenth largest accounting agency within the Mid-Atlantic area and serves people and corporations in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and extra states in the US with places of work in Pittsburgh, PA, Columbus, OH and McLean, VA.
CONTACT: Leigha Pindroh
[email protected] / 412-716-2261
SOURCE Schneider Downs