simpLEASE Accounting Achieves SOC 1 Kind 2 Certification Confirming Accounting and Economical Controls Stability

PITTSBURGH, Jan. 18, 2021 /PRNewswire/ — Lease accounting software supplier, Schneider Downs, has introduced the prosperous completion of the Assistance Firm Control (SOC) 1 Form 2 audit for simpLEASE Accounting. The 3rd-get together audit validates the completeness and accuracy of simpLEASE’s accounting and monetary controls.

Moore Colson, a third-get together independent CPA and advisory firm dependent in Atlanta, GA, furnished the independent provider auditors’ report on Schneider Downs’s description of its lease accounting computer software system, simpLEASE. The audit reviewed simpLEASE software for processing person entities’ transactions all through the period October 1, 2019 to September 30, 2020 and the  suitability of the design and style and functioning usefulness of the controls to reach the associated management targets stated in the software’s description.

Jason M. Reljac, Supervisor of simpLEASE Accounting Products and services at Schneider Downs mentioned, “We are self-assured in what we have built with simpLEASE in regards to handle and precision close to lease accounting, and possessing the SOC report completed additional validates our efforts and our determination to our shoppers.”

simpLEASE was formulated by Schneider Downs, a person of the nation’s 60 most significant general public accounting corporations, to assist companies adapt to the new lease accounting standards launched by the Economical Accounting Specifications Board (ASC 842). People solution sequence of prompts about every lease agreement and then simpLEASE supplies information on how the lease must be noted by a wizard-dependent program, cutting down the time expended on the categorization method and supplying an effortless-to-recognize advice to examine each individual unique lease. Prolonged-phrase, simpLEASE aids take care of the on-likely accounting of a leased asset including the creation of all of the necessary accounting entries on a month-to-month basis. Whether managing just one lease or a thousand, simpLEASE helps make lease accounting below ASC 842 very simple and pain-free. &#13

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About Schneider Downs

Schneider Downs is a Prime 60 unbiased Qualified Community Accounting (CPA) company providing accounting, tax, audit and company advisory companies to community and non-public firms, not-for-gain organizations and worldwide businesses. We also offer Inner Audit Technological innovation Consulting Application Solutions Personal Financial Products and services Retirement Plan Answers and Company Finance Services. Schneider Downs is the 13th most significant accounting agency in the Mid-Atlantic region and serves people and corporations in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and supplemental states in the United States with places of work in Pittsburgh, PA, Columbus, OH and McLean, VA.

Contact: Leigha Pindroh
[email protected] / 412-716-2261

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