Myths of Using Spreadsheets for Lease Accounting

 

Download this free infographic to debunk common spreadsheet myths and identify the risks your finance team and organization face by using an outdated tool for your lease accounting.

Today, nearly every local government, higher education, and similar kind of organization has some type of building, land, vehicle, or equipment lease. Finance teams that use spreadsheets to maintain their leases have likely encountered how cumbersome and risky this method can be. Because 9 out of 10 spreadsheets contain errors, relying on spreadsheets for lease accounting isn't the best practice for organizations that want to have accurate data.

Use this infographic to identify common spreadsheet myths and risks so that your team can avoid unnecessary challenges and roadblocks and instead focus on productivity.