Prepaid Rent Under ASC 842: Accounting Treatment, Journal Entries & Examples
Greg Kautz
June 1, 2026
Under ASC 842, prepaid rent is no longer recorded as a separate asset on the balance
Articles
Greg Kautz
Straight-Line Depreciation: Formula and Example (2026)
Greg Kautz
May 28, 2026
Straight-line depreciation spreads the cost of an asset evenly across its useful life. The formula is
7 Signs Your Business Needs Lease Accounting Software (and When to Make the Switch)
Greg Kautz
May 26, 2026
Why Do Finance Teams Outgrow Spreadsheets for Lease Accounting? Every finance team I have spoken to
How Right-of-Use Assets and Lease Liabilities Work (ASC 842, IFRS 16, GASB 87)
Greg Kautz
May 21, 2026
A right-of-use (ROU) asset is the right to use a leased asset over the lease term.
What Happens When a Lease is Terminated Early? (Accounting, Impact, and Key Considerations)
Greg Kautz
May 19, 2026
Why Does Early Lease Termination Matter in Accounting? Most leases do not end quietly. A business
Lease Accounting Journal Entries (2026): Complete ASC 842 & IFRS 16 Guide with Examples
Greg Kautz
May 14, 2026
Key takeaways Both ASC 842 and IFRS 16 require lessees to record an ROU asset and
How Lease Accounting Impacts Financial Ratios (and Why It Matters More Than You Think)
Greg Kautz
May 12, 2026
What Changed When Leases Moved onto the Balance Sheet? For most of my career, operating leases
How to Handle Lease Renewals in Accounting (ASC 842 & IFRS 16 Explained)
Greg Kautz
May 5, 2026
Companies operating internationally face foreign exchange (FX) exposure when lease payments are denominated in a currency
Lease Accounting Software Guide: All Your Questions Answered
Greg Kautz
April 14, 2026
Lease accounting has shifted quite a bit in recent years, especially with standards like ASC 842,
FinQuery vs Black Owl Systems: Key Features, Differences, and Best Fit
Greg Kautz
April 7, 2026
Choosing the right lease accounting software matters more than ever as companies work through standards like
Managing FX and Currency Risk in Global Leases: Step-by-Step
Greg Kautz
March 31, 2026
Companies operating internationally face foreign exchange (FX) exposure when lease payments are denominated in a currency
How to Build a Scalable Lease Accounting Process: A Simple Guide
Greg Kautz
March 24, 2026
As lease portfolios grow across locations, entities, and asset types, manual tracking quickly becomes unsustainable. A
