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For the first time in 40 years, lease accounting rules are changing globally. Companies will soon be required to recognize every single lease asset (including vehicles, equipment, and real estate) on their balance sheet, adding an estimated $2 Trillion in new balance sheet listings. All public companies with lease agreements will be required to comply with these new standards by 2019, and all private companies and governmental entities must comply by 2020. LeaseQuery (LQ) is the first dependable accounting software that enables a seamless transition to the new lease accounting standards.
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