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The Lean Rent Playbook: How to Avoid Hidden Occupancy Costs
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It can take considerable time every month to ensure your lease portfolio is compliant with
the latest accounting standards. By organizing your data, automating the FASB's lease
accounting calculations, and posting entries into the General Ledger, Tango's ASC 842
Compliance feature can turn this entire process into 1-2 days worth of work.
V. Navigating compliance requirements
For retailers, calculating percentage rent can often take 30 minutes per location every
month. Reducing that time may seem like splitting hairs, but Tango's Percentage Rent
feature can cut that time down to a few minutes—and that adds up fast. Our software
automatically calculates your percentage rent based on your breakpoints and makes
adjustments for exclusions and offsets.
VI. Determining percent rent scenarios
