LEASE CONSULTING

GPR’s ability to objectively evaluate, negotiate and analyze lease proposals has helped many clients avoid unnecessary overhead costs. Whether you lease computers, vehicles or medical equipment GPR can design a lease management package that solves your everyday problems and improves your bottom line. Our services include:

  »  Accounts receivable management: We maintain your lease receivable records including recording new leases, aging lease receivables, issuing monthly invoices, recording collections and categorizing data collected for sales tax reporting. We can also advise you regarding collection on past due accounts.
    

  »  Monthly lease income schedules: The time, money, software and equipment you devote to tracking leases and preparing gross investment and lease income schedules may not be the best use of your resources. We maintain your gross investment, residual and unearned revenue schedules. We will prepare the journal entries necessary to record all new leases, lease revisions and terminations, and we can maintain your general ledger or reconcile your in-house general ledger to our schedules.
    

  »  Financial statements and tax returns: We have the experience required to ensure timely, accurate statements and tax returns for the leasing industry. We will provide schedules to support the amounts of revenue and depreciation for both financial statements and income taxes. We also can help you prepare financial statements, income tax schedules and income tax returns, including multiple state returns.
   

  »  Tracking sales and property taxes: GPR can help prepare business applications for new filing jurisdictions and update your staff on changes in tax rates and filing requirements. GPR uses state-of-the-art software to maintain your fixed asset schedules and prepare tax returns by jurisdiction. We track return due dates and deadlines for appealing assessed values, and our system also allocates liabilities by lessee for accurate invoicing.

Other practice areas in which we specialize are: