Release 8.4 - March 2022
March EZLease update
UI Updates
Replaced FAS 13 references with "GASB 62" when GASB is selected as the accounting standard.
Replaced FAS 13 references with "ASC 840" when US GAAP is selected as the accounting standard
Replaced “Depreciation” references with “Amortization” where appropriate.
Scope of Access
Scope of Access settings have been moved from System Options. They are now found by selecting User Access Permissions in the File menu.
Scope of Access restrictions now work on Instant Reports
Read the Scope of Access support article for more information
Accounting updates
In rare cases, reporting outputs may vary between the previous and new versions of EZLease. See the table below for a complete list of scenarios in which report outputs could vary.
Scenario and impact of update |
ASC 842 |
IFRS 16 |
GASB 87 |
Lessee |
Lessor |
ARO |
|---|---|---|---|---|---|---|
|
Scenario If a lessor lease is revised with the revision booking date in the middle of the rent payment period, the implicit rates were calculated incorrectly. Impact: The implicit rates are now calculated accurately when the lessor leases are revised in the middle of the rent payment period. |
x |
x |
||||
|
Scenario: If a lessor lease is revised resulting in the reduction in scope/ partial termination of the lease, the gain or loss is calculated but the transaction is unbalanced. Impact: The Journal entry is now accurate in case of reduction in scope/ partial termination of the lease. |
x |
x |