Financial Computer Systems has been providing lease accounting services to corporations throughout the United States and Canada for over 30 years. We work primarily with lessees. Our system also provides basic lease accounting for lessors, which is primarily used by lessee-oriented customers with a small lessor portfolio. Full sublease accounting is available. Our software fully complies with the requirements of the Financial Accounting Standards Board's Statement of Financial Accounting Standards no. 13, Accounting for Leases, also known as FAS-13, SFAS-13, or FASB-13, as well as with other accounting standards that touch on lease accounting, including FAS-52, Foreign Currency Translation (for multinational companies), and FAS-121, Accounting for the Impairment of Long-Lived Assets. It also complies with the essentially identical Canadian accounting regulation, CICA 3065. Lease accounting regulations for corporations headquartered in other countries may vary somewhat; contact us for more details.

We offer two different methods of lease accounting: EZ13 provides a low-cost, basic lessee lease accounting software solution that runs on a PC, whereas our full-featured lease accounting service provides the ultimate in flexibility, expert assistance, and reporting options. Both provide complete compliance with GAAP, and include the expertise derived from assisting our clients for over two decades with tens of thousands of leases. Both were designed from the ground up to be fully year-2000 (Y2K) compliant. Both also offer the ability to do lease vs. buy analysis, so you can determine whether it makes more economic sense to buy or lease. With our offices located within a few miles of the FASB, we stay on top of changing requirements, keeping clients informed of potential changes as soon as they are announced and updating the software well before implementation is required, to provide maximum lead time and seamless compliance for client companies.