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Leasing plays a vital role in business operations, helping companies secure the assets they need without ownership. However, lease accounting can get complicated when agreements contain more than just base rent, specifically, non-lease components. No…

Lease liabilities are a cornerstone of modern financial reporting, representing a company’s obligation to make payments for leased assets over time. Accurate accounting of these liabilities is essential for transparency and compliance with financial …

Finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. This approach requires the lessee to recognise both the asset and the corresponding lease liability, reflecting the ownership-like r…

A triple net lease (NNN) is common for retail spaces, restaurants, and other franchise businesses. With a triple net lease, tenants are responsible for more than just their base rent, they also cover property taxes, building insurance, and common are…

Healthcare organisations face numerous challenges, ranging from managing their resources efficiently to ensuring regulatory compliance and providing the best possible care to patients. One of healthcare organisations’ most significant challenge…

Why is leasing software used in retail? The use of leasing software has become increasingly widespread in the retail industry as retailers strive to keep up with the fast-paced and ever-changing market. The industry is competitive, and effective leas…

Effective from 1st January 2019, AASB 16 and IFRS 16 are the new standards for lease accounting issued by the Australian Accounting Standards Board (AASB) and International Accounting Standards Board (IASB). These latest requirements for lease accoun…

Property leases are one of I-MED Network’s biggest expenses and yet until recently lease agreements were managed individually by business units across the country, in conjunction with a third party. This resulted in overcharges from landlords, data i…