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Lease Accounting Services

Stay ASC 842 / IFRS 16 compliant without overloading your team or hiring more people.

Lease accounting under ASC 842 / IFRS 16 can be a time drain and a compliance risk when handling multiple leases, tight close timelines, and complex lease classification and reporting requirements. Whether you need a turnkey, fully managed lease accounting services solution or targeted technical accounting support, Guerrero Advisors delivers precisely what your team needs to stay compliant, audit-ready, and efficient. We work with your existing staff, systems, and processes as your full lease accounting department, or we can fill in skill or time gaps so your finance team can focus on higher-priority work.

What We Offer:

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Outsourced Full-Service Lease Accounting (ASC 842 / IFRS 16)

We handle the entire lease accounting process from end to end, including classification, lease modifications, calculations, journal entries, disclosures, reporting, and system management.

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Technical Accounting Support

Already have a team but need help with complex lease scenarios or financial reporting requirements? We provide expertise to resolve accounting issues, prepare disclosures, and ensure accuracy in your reporting.

Revenue Recognition

Portfolio Management

We don’t just book your leases, we keep them organized and current in your lease accounting system, ensuring every change, extension, or modification is accurate and accounted for.

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Audit-Ready Documentation

From reconciliations to footnotes, we prepare the documentation your auditors expect, saving you time, questions, and rework.

Financial Systems

System Implementation & Optimization

If you’re adopting or upgrading a lease accounting system, we help select, configure, and integrate it into your existing close process for maximum efficiency and compliance with ASC 842 / IFRS 16 standards.

Why It Matters:

ASC 842 / IFRS 16 compliance is very time-consuming, and the cost of errors is high for CFOs and Controllers. Misclassification, missed modifications, or incomplete disclosures can derail audits, delay closes, and hurt investor confidence. Lease accounting requires expertise, accurate calculations, and continuous updates throughout the year to properly reflect lease liabilities and right-of-use assets on financial statements. Partnering with Guerrero Advisors for outsourced lease accounting services will keep you compliant without overloading your staff or missing important deadlines. We will also take you through ASC 842 / IFRS 16 adoption, system implementations, and ongoing compliance.

Who This Is For:

  • CFOs who want their accounting staff to stay focused on strategic initiatives.
  • Controllers needing precision support during close or audit cycles.
  • Finance teams navigating complex or unusual lease structures.
  • Multi-entity organizations seeking consistent, lease compliance.
  • Companies ready to deploy a lease accounting system quickly.
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How We Work:

We start with a strategy call to understand your current process, pain points, and goals. From there, we build a service model that fits your needs—whether that’s:

  • A fully outsourced lease accounting function to keep your team focused on strategic initiatives.
  • A hybrid approach with Guerrero Advisors managing complex areas while your team handles the rest.
  • One-time project work for system implementation, backlog cleanup, or audit preparation.
We integrate into your existing workflow and provide clear deliverables, so you always know the status of your lease accounting and ASC 842 / IFRS 16 compliance.

Why Work with Us:

Whether you need a complete lease accounting department or specialized technical expertise, Guerrero Advisors delivers the right level of support backed by the experience, accuracy, and efficiency you need to stay compliant. Our outsourced lease accounting services help you cut costs, uncover underused assets, optimize your portfolio size, and stay fully compliant with regulations.

Book a consultation to see how we can simplify lease accounting and ASC 842 / IFRS 16 compliance for your business.

 

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FAQ's

Frequently Asked Questions

You’ve got questions. We’ve got answers.

ASC 842 / IFRS 16 is the lease accounting standard requiring companies to recognize lease assets and liabilities on their balance sheets. Compliance is needed for accurate financial reporting, avoid audit issues, and maintain investor confidence.

We provide expert analysis to classify leases correctly under ASC 842 / IFRS 16 and handle all lease modifications, ensuring your financial statements reflect current lease obligations accurately.

Yes, we help select, configure, and integrate lease accounting systems into your existing financial processes for seamless adoption and compliance.
Organizations with multiple or complex leases, multi-entity portfolios, tight close deadlines, or limited internal lease accounting expertise find outsourcing particularly valuable.
We prepare detailed reconciliations, disclosures, and supporting documentation that meet auditor expectations and reduce the risk of questions or rework.
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