GASB 87

GASB 87 Lease Accounting

Meet your GASB 87 obligations without the manual effort. Aerosimple generates lease receivable schedules, accrual journal entries, and year-end disclosure packages directly from your executed lease contracts.

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Replace manually maintained amortisation spreadsheets with a fully auditable, schedule-driven accounting workflow that keeps your controller, lease administrator, and auditors aligned — all from the same platform that runs your billing.

Key Features

• Automated lease receivable and deferred inflow schedules generated from lease commencement date, term, and the airport's incremental borrowing rate (IBR) — with full amortisation tables per lease

• IBR registry with effective-date history, ensuring new schedules always use the correct rate while leaving committed schedules untouched

• Period-end journal entries covering initial recognition, interest accretion, rental revenue recognition, remeasurements, and partial terminations — formatted for direct export to your GL system

• Remeasurement workflow for lease modifications and partial terminations, generating updated forward-looking schedules and the required remeasurement entries on the effective date

• Year-end disclosure package covering future minimum lease receipts by fiscal year, lease receivable and deferred inflow rollforwards, weighted-average remaining term and discount rate, and auto-drafted footnote text for your CAFR/ACFR

• Portfolio-level dashboard with total lease receivable outstanding, deferred inflow remaining, and YTD interest and rental revenue across all committed schedules

Benefits

Eliminate the risk of spreadsheet error in a high-stakes accounting process. Schedules are generated from the same lease data that drives billing, so there is no re-keying of commencement dates, payment amounts, or terms — and any lease modification that triggers a remeasurement is handled in the same platform, with a full audit trail.

Controllers gain a clean export of period-end journal entries ready for GL import, reducing the manual effort of month-end close without requiring the GL system to integrate directly with Aerosimple.

Year-end disclosure preparation moves from a multi-day manual exercise to a single export. Disclosure tables are rebuilt automatically from committed schedules, with boilerplate footnote language your team can copy straight into the annual report.

Because GASB 87 sits inside the same module as Lease Management and Revenue, lease administrators and controllers work from a single source of truth — no parallel trackers, no version conflicts.

Integrations

GASB 87 reads directly from Lease Management for contract terms, commencement dates, and payment structures, and from Revenue for billing periods and payment activity — meaning no data is entered twice and the accounting always reflects the operational record.

Journal entries are designed for export to any standard GL system via CSV, fitting into existing import workflows without requiring a direct system integration.

Schedule status and disclosure readiness are surfaced on the Revenue dashboard, so controllers can confirm GASB 87 compliance posture at the same time finance teams are reviewing month-end billing — keeping both workflows in sync.