Lease Accounting Software for GASB 87
Streamline GASB 87 compliance with Trullion’s AI-powered accounting software
GASB 87 Compliance Challenges
With the new lease accounting standard GASB 87 requiring that all leases move on-balance sheet, government organizations are feeling the impact.
With GASB 87, Accounting Teams are now tasked with collecting incentives and allowances, tracking options and making judgements involving capital lease testing, interest rates, future assumptions around lease performance, and more.
Dealing with manual data entry, spreadsheets, and PDFs cost Accounting Teams valuable time and puts them at risk for critical errors. Efforts to streamline these processes often create more siloes than before, while regulatory environments are becoming increasingly more challenging. read the GASB 87 Summery.
Trullion’s Lease Accounting Software Accelerates GASB 87 Compliance
Trullion automates GASB 87 workflows to save you time & improve reporting accuracy. Using modern technology, our platform extracts data from source documents and Excel files and connects it to the audit trail all the way down to the entries.
Developed by a team of CPAs and Product experts with decades of experience, Trullion unifies the unstructured and structured worlds of business finances by reading leases and sales agreements in any format and translating them into a live 360 data image of your transactional workflow. Trullion establishes a universal language to allow companies to quantify the value of their business, and empowers Accounting Leaders to trust their financial data.
With our AI-powered lease accounting software you can:
- Seamlessly meet GASB 87 compliance requirements
- Accelerate your GASB 87 adoption timeline
- Produce 100% accurate and consolidated reports in minutes
- Trace your audit trail back to the source data
- Access simple reports and clear financial schedules
Features and Benefits
AI-Powered Data Entry
Simply and automatically extract key data points directly from PDF contracts and Excel files to generate the necessary GASB 87 reports with just one click journal entries, full disclosure reports, and other business intelligence.
Intuitive, Easy to Use UI
Navigate seamlessly through our modern, clean, and easy-to-use interface, built for financial leaders.
Automated Bulk Upload & Modification Detection
Upload any Excel file and the software can detect new, changed and modified leases.
Streamline GASB 87 Compliance
Automate GASB 87 workflows to generate 100% auditable journal entries and disclosures. Get compliant in 30 days or less.
ERP Entries & Dynamic Reporting
Leverage our modern user experience to generate ERP-ready journal entries, full disclosure reports, and other business intelligence.
GASB 87 Lease Accounting Software Implementation
Implementing GASB 87 accounting software should require minimal time and effort on your part. With Trullion, you can achieve GASB 87 compliance in just 30 days or less, without heavy involvement from your IT department and no costly implementations between ERP systems. Our team of experts will get you on-boarded onto our system in no time, and once you get started, we are available to help with any request or need.
“The biggest benefit of Trullion is it lets us have all our leases in one centralized place, and analyze them automatically. It’s particularly useful for audits because you can go from financial entries directly to the right place in the original contract”
Senior Accountant, U.S. Energy Company