Streamline GASB 87 Compliance
See how we help public finance teams modernize lease management
Discover painless lease management software
A powerful, cloud-based lease accounting software, built specifically for public finance accounting teams, DebtBook consolidates your lease data in an easy-to-use platform and simplifies GASB 87 compliance.
With DebtBook, you can ensure data accuracy in a single system of record and generate reports in minutes instead of weeks. Our platform makes collaboration simple, with unlimited seats and auditor access included, all backed by rapid onboarding and responsive support.
The best-in-class GASB 87 solution
Here's how we help better comply with GASB 87 requirements:
- AI scans contracts for key details
- Extracts important data points and suggests inputs
- Allows users to choose which inputs to accept and enter the remaining required information
- Generate detailed journal entry exports, complete with your organization's general ledger coding
- Track data and payments in one centralized location
- Tailor your export with specific parameters for precise reporting
- Customize audit exports to include relevant disclosures and reporting elements
- Reflect updated disclosure information and calculations based on actual payment date and amount details
- Easily navigate your audit report with detailed tabs
- Effortlessly make changes within existing leases or schedules
- Easily update leases or subscriptions by adding a modification
- View all edits instantly in the schedule and history views
It's sort of magical
Once you have all the new leases in DebtBook, you just click a couple of buttons and your reports are done. It's sort of magical… From an accounting standpoint it made my life a lot easier.
Jian Ou-Yang, Assistant Auditor-Controller,
San Joaquin County, CA
Popular Features
Simplified change management, allowing you to maintain an up-to-date profile and accurate audit trail
Self-service capabilities for adding new or adjusting existing leases
Comprehensive journal entry exports that automatically compile accounting entries for the specified fiscal year
Filterable view of leases and their associated GASB 87 balances
Automatically provide GL codes in journal entries including split allocations and calculations
Automated GASB 87 compliant footnote disclosures populated by the existing data in the platform
Automated audit note export, eliminating the manual work necessary to compile reporting information for audit.
Automated reporting on actuals by tracking payment variances within the application and automatically reconciling the difference against schedules
Export capabilities of filtered or full details from within a profile for internal and external review
Track and manage all lease agreements, even if they do not qualify under the Standard
Built to work together
DebtBook’s Lease Management application is part of a seamless suite of compliance and accounting solutions designed to work together from day one. With consistent interfaces, shared functionality, and integrations, your team can collaborate more easily and eliminate manual, duplicative work.
The trusted treasury and accounting software provider for clients nationwide
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.”
How difficult 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
- Streamlined implementation and accessible ongoing support
Why should I partner with DebtBook?
At DebtBook, we've worked hard to establish ourselves as the industry leader in government and non-profit treasury management by delivering world-class solutions that have changed the way teams work.
Our debt management software has revolutionized treasury operations, and we've extended this expertise to our Cash Management solution.
We believe we stand apart from the competition and are committed to being a trusted partner to you with staying power.
- The only cloud-based platform designed specifically for government and nonprofit teams
- Over 2,100 customers
- 140+ employees
- SOC 2 compliance (type 1 and 2) and single sign-on functionality
- Built by public finance professionals
