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Learn lease management and accounting with our expert advice.

Lease Accounting

The ASC 842 Compliance Guide: What Every Commercial Real Estate Accountant Needs to Know

ASC 842 compliance requires accurate lease tracking, financial reporting, and proactive audits to ensure regulatory alignment. This guide walks commercial real estate accountants through key compliance steps, including gathering lease data, calculating liabilities, verifying disclosures, and avoiding common pitfalls. Automating lease management can streamline compliance, reduce errors, and improve financial transparency.

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Brooke Colglazier

Marketing Manager

Lease Management

5 Ways to Put Empty Office Spaces to Better Use

Struggling with underutilized office space? Discover five practical ways to repurpose empty offices—boosting collaboration, culture, and flexibility. Learn how Spacebase helps optimize your real estate strategy.

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Brooke Colglazier

Marketing Manager

Product Updates

OCR for Scanned PDFs

We’re excited to announce a powerful new feature that makes managing your lease documents easier than ever! Our software now includes automatic OCR (Optical Character Recognition) for lease documents, ensuring that every PDF you upload is instantly converted into searchable and editable text.

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Christian Vanderwall

VP Engineering

Lease Accounting

What is an ROU Asset and How Do You Calculate Its Value?

When it comes to lease accounting, one term you’ll often encounter is the Right-of-Use (ROU) asset. Understanding what an ROU asset is and how to calculate its value is essential for businesses looking to stay compliant with lease accounting standards like ASC 842 and IFRS 16. In this article, we’ll dive into what an ROU asset is, its importance in lease accounting, and a step-by-step guide to calculating its value.

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Brooke Colglazier

Marketing Manager

Lease Management

5 Signs Your Company Needs Lease Management Software

Managing leases is an essential but often complex part of running a business, especially as your portfolio grows. Many companies continue to handle their leases with spreadsheets or manual tracking, but this approach often leads to errors, inefficiencies, and missed opportunities. As commercial real estate becomes more complex, businesses are increasingly turning to lease management software to streamline operations, maintain compliance, and make data-driven decisions.

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Brooke Colglazier

Marketing Manager

Lease Management

The Complete Guide to Commercial Lease Management

Managing commercial leases can be complex and time-consuming, especially for businesses with multiple properties or lease agreements. However, with the right strategies and tools, it’s possible to streamline the entire lease lifecycle and ensure compliance with industry standards.

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Brooke Colglazier

Marketing Manager

Lease Accounting

What You Need to Know About ASC 842 and IFRS 16 Compliance

For businesses managing commercial leases, compliance with accounting standards is critical to staying on the right side of regulators and ensuring accurate financial reporting. Two major standards, ASC 842 and IFRS 16, have reshaped how companies handle lease accounting, requiring lessees to recognize lease liabilities and right-of-use (ROU) assets on the balance sheet. If you’re managing leases, especially in a multi-location business, understanding and complying with these standards is essential.

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Brooke Colglazier

Marketing Manager

Lease Management

What is Lease Management Software

In today’s fast-paced business world, managing multiple properties and leases can quickly become a daunting task. That’s where lease management software comes into play. Companies like Spacebase are revolutionizing how businesses handle their lease portfolios, ensuring efficiency, compliance, and scalability. But what exactly is lease management software, and how can it benefit your business? Let’s dive in.

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Brooke Colglazier

Marketing Manager