The Functionality Nonprofits Need to Follow ASC 842
Tracking and Reporting on Leases Through Your Fund Accounting Software
The updated FASB lease accounting standards are bringing leases to the nonprofit organization’s balance sheet. In this guide, we’ll show you the functionality you need to maintain compliance with ASC 842 as well as recommendations on using our cloud fund accounting software to easily track and report on your leases, including:
- The capabilities you need to organize your lease information
- How to use Accounts and Projects in Blackbaud Financial Edge NXT® to manage the quantitative and qualitative data that relates to your leases
- An easy way to save time importing lease journal entries from Excel into your fund accounting system
Download the guide today to help you stay compliant with ASC 842.