03. INVENTORY
Locate and assess all lease contracts to ensure
they are classified properly.
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On the challenge side, companies need to move posthaste
toward compiling a complete inventory of their lease contracts.
Sometimes companies start in on a lease and they kind of forget
about it until the lease ends. They might not even know where
the lease agreement is. It's a big step just to gather all the lease
information.
Rich Stuart, Partner, RSM US LLP
