Free accounting tools
Simplify & automate
your accounting
These spreadsheet tools, designed by our team of accountants, auditors and CPAs, help you transition, close and calculate. These tools can get you started—for fully-featured solutions, see our software.
Lessee transition guides
Financing Leases Workbook and Guide
This auditor-style workbook helps you transition financing leases from ASC 840 to 842. The transition for financing leases is much simpler than that of operating leases.
ASC 842 Transition Disclosure Template
The transition for lessors and lessees from ASC 840 to ASC 842 is considered a change in accounting principle and requires a transition disclosure. Start with this template.
Lessee accounting consideration tools
Operating vs. Finance Lease Journal Entries Examples
Better understand the typical journal entries found with an operating lease and a finance lease under ASC 842, as well as the financial statement impact of those journal entries with this tool.
Embedded Lease Test
Don’t be surprised by embedded leases under ASC 842. This tool takes you through the guidance to determine if a contract has an embedded lease.
ROU Asset and Lease Liability Calculator
Calculate the Net Present Value of your Lease Payments quickly and dynamically, including any prepayments, initial direct costs, or lease incentives.
Short-Term & Low-Value Lease Tool
Calculate the schedule for lease payment, lease expense, and deferred rent for leases using short-term/low-value lease exemptions.
Lease and asset tools
Lease vs Buy Calculator
Change the assumptions in this spreadsheet and see the accounting impact your leases/loans have on your financial statements.
Lease vs. Loan Calculator (Seller's Perspective)
Explore leases vs. loans under ASC 842 with this workbook. Change assumptions to see the financial implications from the lessor’s perspective.
Discount Rate Calculator
Find the appropriate risk-free rates for leases, especially for lease terms that fall in between the standard treasury bond terms.
Accounting Policy Memo Example
Document the method used to calculate your discount rate as additional support for your auditors.
Closing tools
Monthly Closing Checklist
This template checklist of procedures that must happen each month helps accounting teams close efficiently and accurately. Consistency month after month speeds up close and reduces errors of omission.