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Lease Management (GASB 87)

Streamline GASB 87 Compliance

See how we help public finance teams modernize lease management

Schedule a Demo
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Over 2,100 public finance professionals are using DebtBook to modernize how they work

With DebtBook, you can:

Future-proof your team
Keep your data and workflows in a centralized, audit-friendly platform, so when key performers leave, core processes don’t break.
Have confidence in your data
Unlock true data integrity via our single source of truth platform.
Focus on what matters
Spend your time on reviewing reporting, not manually calculating schedules and journal entries.

Discover painless lease management

A powerful, cloud-based lease management platform, built specifically for public finance accounting teams, DebtBook consolidates your lease data in an easy-to-use platform and simplifies GASB 87 compliance.

  • Streamline GASB 87 compliance

  • Gain confidence in your data via our single-source data platform

  • Automate audit and reporting tasks to cut them down from weeks to minutes

  • Track processes in a resilient system of record that doesn’t break when an employee leaves

  • Share access with your team – or your auditor – via unlimited seats

  • Get started quickly with buzz-worthy implementation and support

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“It's hands down so much more efficient.”

I get excited when I log-on and see the calendar with payment reminders or I get the email notifications. DebtBook is just a wonderful, intuitive program and a pleasure to use.

Paula Parker, Director of Finance
Town of Brighton, NY

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Watch: Comprehensive journal entry exports

See, in just two minutes, how you can effortlessly generate journal entry exports for all of your leases or subscriptions.

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Popular Features

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Simplified change management, allowing you to maintain an up-to-date profile and accurate audit trail

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Automated GASB 87 compliant footnote disclosures populated by the existing data in the platform

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Automated audit note export, eliminating the manual work necessary to compile reporting information for audit

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Comprehensive journal entry exports that automatically compile accounting entries for the specified fiscal year

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Automated reporting on actuals by tracking payment variances within the application and automatically reconciling the difference against schedules

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Export capabilities of filtered
or full details from within a
profile for internal and
external review

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Automatically provide GL codes in journal entries including split allocations and calculations

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Track and manage all lease agreements, even if they do not qualify under the Standard

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Filterable view of leases and their associated GASB 87 balances

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Self-service capabilities for adding new or adjusting existing leases

The best-in-class GASB 87 solution

Here’s how we help you better comply with GASB 87 requirements:

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No more broken spreadsheets

Consolidate all your lease data in a single solution so you don’t have to waste time reconciling spreadsheets and chasing down errors.

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An automated audit trail

When you prepare for your audit, your team is working off of a single source of data. So no manual compilation is needed.

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Let your auditor log in

As one of our customers told us: "I added my auditors as guests and they were able to navigate to everything they needed." And, because we offer unlimited seats, there's no extra cost for you.

How hard will the software be to use?

We know, no matter how powerful our system is, it won’t be of any benefit to you if it’s too difficult to use. So we offer:

  • A user-friendly design that balances simplicity and depth
  • DebtBook University, a robust library of dozens of training courses, updated quarterly
  • A platform, according to McHenry County, IL that’s “really intuitive” and “easy for anybody to understand.”

For the City of Vista, this ease of use pays dividends come audit time:

“With a system as easy to use as DebtBook, I can feel confident giving my auditors access, knowing they will get the information they need without needing my assistance or waiting on a response from me. This saves me, and our auditors, a ton of time during audit season.”

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Built for – and by – public finance professionals

Because our platform was built by CPAs and experienced public finance professionals, we’ve designed it to specially meet your needs.

  • You can add general ledger and account information and allocate your leases in order to automatically provide split journal entries and calculations with GL codes included.
  • You can easily export all of your journal entries, eliminating the need to manually create your GASB 87 accounting entries for each fiscal period.
  • You can report on actuals by tracking payment details within the application and automatically reconciling the variances against lease schedules.
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Discover True Data Integrity

Centralize and unify organization data across teams to bring greater confidence and visibility into one of your most important assets, your data.

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Get ready for the coming retirement cliff

More than one-third of the public finance workforce is over age 55.  How many spreadsheets will break when they start to retire?

Eliminate key-man risk with a resilient system

Create an onboarding process that doesn't consist of training new team members on spreadsheets built by prior team members.

  • Maintain a single source of truth for all of your data
  • Codify workflows in a platform designed for your industry
  • Track activity and history for a smoother audit

Entice the next generation with exciting tools

Offer candidates the added benefit of getting to learn and leverage cutting-edge tools, rather than manually keying in spreadsheets.

Reduce the churn across your team by freeing them from rote, mundane manual work and, as a result:

  • Provide more time for stategic thinking
  • Create a more engaging workday
  • Open up better opportunities for a career path
  • Allow team members to be of greater value to the team
How does DebtBook compare?
A platform built specifically for GASB
Comprehensive year-end journal entry export
Pre-formatted text disclosure paragraphs for audit notes
Audit-ready lease detail export with determination questions & source documentation
Payment reporting
Integration with a debt management solution
A platform built specifically for GASB
Comprehensive year-end journal entry export
Pre-formatted text disclosure paragraphs for audit notes
Audit-ready lease detail export with determination questions & source documentation
Payment reporting
Integration with a debt management solution
How does DebtBook compare?
A platform built specifically for GASB
Comprehensive year-end journal entry export
Pre-formatted text disclosure paragraphs for audit notes
Audit-ready lease detail export with determination questions & source documentation
Payment reporting
Integration with a debt management solution

From weeks to just a few clicks

“In the past to prepare debt schedules, it was a process of three to four weeks. With DebtBook, it's literally just a matter of selecting the fiscal year and downloading the information.

Going from weeks to just a few clicks — that’s a significant improvement for us.”

Kevin Bueso, Chief Financial Officer
McHenry County, IL

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Case Study

How Annapolis, MD Streamlined Finance & Accounting Processes with DebtBook

Learn how DebtBook helped Annapolis, MD implement a single solution that streamlined their accounting processes and enabled them to do more with limited resources.

Read More
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Trusted by Clients Nationwide:

We make it easy for you

We give you the tools you need to make it easier for you to do your job.

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Self service

Rather than having to submit a ticket and wait, you can make the changes you need to when you want in a user-friendly, intuitive platform.

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Change management

You can amend, update, and remove existing leases as needed, letting you keep your lease profile up-to-date with tracking to maintain your audit trail.

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Ability to export

Export a filtered or full population of your leases and lease details for internal and external review.

Watch: Simplified change management

Discover in this 2-minute video how you can easily make changes within existing leases or schedules.

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How hard will the software be to use?

We know, no matter how powerful our system is, it won’t be of any benefit to you if it’s too difficult to use. So we offer:

  • A user-friendly design that balances simplicity and depth
  • DebtBook University, a robust library of dozens of training courses, updated quarterly
  • A platform, according to McHenry County, IL that’s “really intuitive” and “easy for anybody to understand.”

For the City of Vista, this ease of use pays dividends come audit time:

“With a system as easy to use as DebtBook, I can feel confident giving my auditors access, knowing they will get the information they need without needing my assistance or waiting on a response from me. This saves me, and our auditors, a ton of time during audit season.”

collage-green about-orange-section-mobile

How hard will the software be to use?

We know, no matter how powerful our system is, it won’t be of any benefit to you if it’s too difficult to use. So we offer:

  • A user-friendly design that balances simplicity and depth
  • DebtBook University, a robust library of dozens of training courses, updated quarterly
  • A “really intuitive” platform that’s “easy for anybody to understand,” according to McHenry County, IL

For the City of Vista, this ease of use pays dividends come audit time:

“With a system as easy to use as DebtBook, I can feel confident giving my auditors access, knowing they will get the information they need without needing my assistance or waiting on a response from me. This saves me, and our auditors, a ton of time during audit season.”

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How painful will implementation be?

Because we know the last thing you need is an arduous implementation process, we've invested the time and resources to build a great one. And we have the testimonials to prove it.

By far one of the easiest implementations in my 25-year-career!

Aileen Staples

CFO, Wake Forest, NC

The DebtBook implementation experience... has exceeded my expectations

Kevin Delaney

Director of Finance, Town of Berlin, CT

Some of the best customer service and responsiveness I've seen in a very long time.

Marie Friedman

CFO, Burlington, VT

Why should I partner with DebtBook?

At DebtBook, we believe we stand apart from the competition and are a trusted partner to you with staying power.

  • The only cloud-based platform designed specifically for public finance teams
  • Over 2,100 public finance customers
  • 140+ employees
  • SOC 2 compliance (type 1 and 2) and single sign-on functionality
  • Built by public finance professionals
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