Simplify GASB 96 Compliance
Discover a cloud-based subscription management platform that’s built specifically for public finance teams
Unlock simplified subscription management with GASB 96 software
DebtBook helps you simplify ongoing GASB 96 compliance and easily manage subscription-based IT arrangements (SBITAs). Centralize your subscription agreements in one place, giving your team a clear, efficient way to stay organized and compliant.
Track project costs, generate audit-ready reports in minutes, and maintain confidence in your data with a resilient system of record. Share access easily with teammates and auditors through unlimited seats, and get up and running quickly with our best-in-class implementation and support.
The best-in-class GASB 96 solution
Here's how we help better comply with GASB 96 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
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
Streamlined project cost management for tracked subscription agreements
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 subscription agreements, even if they do not qualify under the Standard
Automated GASB 96 compliant footnote disclosures populated by the existing data in the platform
Self-service capabilities for adding new or adjusting existing subscriptions
Comprehensive journal entry exports that automatically compile accounting entries for the specified fiscal year
Filterable view of subscriptions and their associated GASB 96 balances
Automatically provide GL codes in journal entries including split allocations and calculations
Built to work together
DebtBook’s Subscription 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 and accounting management by delivering world-class solutions that have changed the way teams work.
Our lease and subscription management software has revolutionized accounting and compliance operations, and we've extended this expertise to our Contract 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
