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Making the right decision between capital and operating leases is essential for businesses to manage finances effectively. These two lease types differ in their accounting treatment, financial implications, and operational considerations. This guide …

Capital lease accounting, also known as 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 li…

Workplace management refers to the strategies and systems businesses use to make sure that everything in the office runs smoothly and efficiently. This includes managing space, resources, tasks, and the physical environment to help employees perform …

The Property Council of Australia‘s Property Congress 2024 in Townsville brought together industry leaders and policymakers to address the pressing issues facing Australia’s property sector – from demographic shifts and housing affordabil…

Facilities risk management is an essential practice for maintaining safe, efficient, and compliant properties. From identifying potential hazards to implementing effective safety measures, understanding what is facilities management is key for real e…

Predictive maintenance is transforming the way facilities managers approach asset care, shifting focus from reactive or scheduled repairs to proactive, data-driven solutions. By predicting equipment needs before they arise, predictive maintenance opt…

Predictive maintenance is revolutionising facilities management by enabling real estate professionals to anticipate equipment needs and prevent breakdowns before they occur. This proactive approach goes beyond traditional methods, delivering key bene…

In commercial real estate, lease administration can be a complex and time-consuming process, especially for businesses managing multiple leases and properties. MRI Software’s commercial property management software brings a powerful solution to these…