Signed leasePage 3
Illustrative example
Illustrative lease
4.1 Rent
Lessee shall pay monthly rent of $1,250.00, payable in arrears on the last day of each month.
Page 3 · Clause 4.1
ASC 842 DONE FOR YOULease accounting
Lease accounting
that shows its work.
Journal entries in your chart of accounts, with every number traced to the signed lease.
Monthly paymentIllustrative entry
| Account | Debit | Credit |
|---|---|---|
| Lease liability | 1,250.00 | – |
| Cash | – | 1,250.00 |
Payment only · USD
How it works
- 01
Send the signed lease
A PDF is all we need.
- 02
Two readings. One recorded decision.
Two independent readings extract the terms with page and clause. Our staff classify the lease and record why.
- 03
Post what we send
Journal entries in your chart of accounts every month, closed only when every control ties to your GL.
Evidence trail
Open an entry to see the exact page and clause behind the illustrative monthly payment.
JOURNAL ENTRY / 001ILLUSTRATIVE EXAMPLE
SEP 2026 · USD
BALANCEDMonthly lease payment
| Account | Debit | Credit | Source action |
|---|---|---|---|
| 26500 Lease liability | 1,250.00 | – | |
| 10100 Cash | – | 1,250.00 | |
| Total | 1,250.00 | 1,250.00 |
i
Payment entry only. Lease expense and ROU asset entries are recorded separately.
CONTRACT SOURCE
Select a journal row to see the contract page and clause behind it.
Your monthly deliverables
Workbooks you can open, in your account numbers. Your auditor gets their own login, and every download is logged.
- Journal entries, Excel or CSV
- Amortization schedules
- Footnote tables (ASC 842-20-50)
- Rollforward tied to your GL
- Auditor evidence binder
- Portal and auditor login
Bring one lease to the walkthrough.
Thirty minutes. One of your own leases. We show its classification, schedule and first month of entries.
Lessee accounting under U.S. GAAP Topic 842. Lessor accounting is not offered.