IntroductionAs businesses navigate evolving accounting standards like ASC 842 and IFRS 16, understanding the intricacies of lease amortization schedules has become more important than ever. It not only helps businesses monitor their payment timings but also improves the accuracy of financial reporting and compliance.This blog will cover everything one needs to know about the lease amortization schedule – what it is, how to calculate lease amortization, benefits of the lease amortization schedule, and more.Table of ContentsIntroductionWhat is Lease Amortization?How is Lease Amortization Calculated?What Is a Lease Amortization Schedule?Benefits of Using a Lease Amortization ScheduleHow to Create a Lease Amortization Schedule?Prepare An Amortization ScheduleEnhance Your Accounting Reporting With HighRadius’ Record To Report SoftwareFAQsWhat is Lease Amortization?Lease amortization is the process of reducing the value of an asset in the lease agreement, based on historical cost, economic l...
