The new lease accounting standard is intricate, with many complicated factors involved in transitioning. While some corporations have opted to use spreadsheets to manage their leases, implementing the lease standard with spreadsheets is risky.

Opting to use software is a smarter choice, but brings its own separate dilemma: how do you choose the right lease accounting software for your needs?

For CPA firms, it is important to analyze your firm’s goals, budget and client base to make the right choice when comparing options. Consider the following seven areas in selecting the best lease accounting software solution for you and your clients.

Read the full original article from CPA Practice Advisor, here.