General Info

Financial Computer Systems is a major independent provider of lease accounting software and services to help corporations throughout the United States and Canada. Our services satisfy the requirements of accounting regulations FAS 13 ( Accounting for Leases ) and the Canadian equivalent, CICA 3065, as well as the largely similar regulations effective in many other nations covered by the International Accounting Standards Board's IAS 17. FCS has been in the business of computerized lease accounting solutions since 1975, even before FAS 13 was issued. We are experts, with a particular emphasis on accounting for lessees ( those who pay rent and have use of the assets being leased ). We can help you not only do your lease accounting, but also make wise decisions about when to buy and when to lease, structure leases for maximum benefit, and learn from the experiences of others. Our solutions provide complete accounting for both capital leases and operating leases, including operating leases with scheduled rent increases as described in FASB Technical Bulletin 85-3.