Case Study: Clark County reduces lease accounting errors with EZLease from insightsoftware

Local government organization reduces lease accounting errors with EZLease

Clark County, Washington, a local government organization serving more than 526,000 residents, needed a better way to manage GASB 87 lease accounting. After starting with Excel and TValue Amortization for its lessee, lessor, and GASB 96 SBITA portfolio, the team found the process error-prone and wanted a solution with built-in auditing and support for implicit discount rate calculations. insightsoftware’s EZLease was selected to help reduce calculation mistakes and improve compliance.

With insightsoftware’s EZLease, Clark County implemented a lease accounting system in five months and began using it across a $28M portfolio that includes 8 lessee leases, 11 lessor leases, and 8 SBITAs. The County’s auditors accepted the system’s calculations and reclassification entries, and the team was able to create journal entries, analyze leases, and prepare note disclosures without adding staff. insightsoftware also helped Clark County use user-definable fields and reporting features to support future debt disclosures and ERP journal entry uploads.

Clark County, Washington

David DeGroot

Senior Management Analyst