Lease Liability Reconciliation Template
Reconcile lease liabilities and right-of-use assets from the lease accounting system to the balance sheet.
How to use this template
Extract lease accounting data
Pull all lease records from the lease accounting system showing lease liability and ROU asset balances.
Verify lease identification
Confirm that all executed leases are included in the system and no incorrect leases are present.
Reconcile to balance sheet
Compare the lease liability and ROU asset totals from the system to the GL accounts.
Verify lease payments
Test that actual lease payments match the expected payment schedule in the system.
Why use this template
- Ensures ASC 842 lease accounting is complete and accurate
- Detects missing or duplicate leases in the accounting system
- Provides audit support for lease liability and ROU asset balances
- Reduces audit procedures related to lease compliance
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