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GASB 87 Lease Management

Built for the way government finance actually works.

The GASB 87 lease accounting solution purpose-built for government and nonprofit teams, trusted by accounting departments at over 2,000 organizations
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Trusted by over 2,000 government and nonprofit organizations nationwide.

San Joaquin County
City of Philadelphia
Fort Worth ISD
St. Louis County Library
County of LA
UNC System
LA Metro
Port of Portland

GASB 87 didn’t end at adoption. It just got harder to keep right.

Problem #1

The schedules you set at adoption have drifted out of date.

Every modification, renewal, partial termination, and escalation is a remeasurement event. When those live in a spreadsheet, they get missed — and the liability and right-to-use asset on your financial statements drift away from reality, one change at a time.

If calculations were established at adoption and not systematically reviewed, remeasurement events have likely occurred that are not reflected in reported balances.

Governmental Accounting and Audit Advisor
The solution

One place for your whole lease population, from the signed document to the audit note.

Monetary GASB 87 Lease Management takes a lease from the signed agreement through capture, schedules, journal entries, and disclosures — and keeps every number current as the lease changes. It is built around GASB 87 for governmental issuers (with ASC 842 supported for FASB nonprofits in the same platform), so the right accounting is built in from day one.
AI contract processing

Upload the lease. Monetary reads the terms; you confirm them.

Upload the signed agreement and Monetary extracts the commencement date, term, payment schedule, escalations, and purchase or renewal options. Every extracted value links back to the exact page it came from, so you confirm each term against the source instead of re-keying it. Bring your existing leases in the same way, so your full population lives in one system you can stand behind at audit.

“GASB 87 was in play when I arrived at the district and of course no work was completed — I was in panic mode. It was April and our year end was in June. Our auditors recommended Monetary. It helped me keep my job.”

Maria ChavezComptroller, Fort Worth Independent School District, TX
~200leases managed in one system
15 minto record a lease modification
Customer story

“Once you have all the new leases in Monetary, you just click a couple of buttons and your reports are done. It’s sort of magical. One click of the button and I have my audit notes. Another click and I have my journal entries.”

Jian Ou-YangAssistant Auditor-Controller, San Joaquin County, CA
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By the numbers

Less time on the schedule. More confidence in the audit.

GASB 87 created ongoing work that doesn’t fit in a spreadsheet: every modification is a remeasurement, every fiscal year is a fresh set of disclosures, and every audit asks whether the population is complete. When capture, schedules, journal entries, and disclosures run off one set of data, lease close drops from days to a download, and the documentation your auditor wants is already there.

Productivity
50–70%
less time spent maintaining schedules, recording changes, and preparing year-end lease workpapers.
Monetary customer ROI modeling
Compliance
60–70%
reduction in compliance exceptions and the rework they create, with population completeness you can demonstrate.
Monetary customer ROI modeling
Audit confidence
1.5m+
resident cities served — with customers reporting clean audit opinions and self-service auditor access.
Based on Monetary customer ROI modeling and customer-reported outcomes. Time and compliance figures reflect teams moving from spreadsheet-based GASB 87 maintenance to Monetary.
In their own words

What government and nonprofit accounting teams say about Monetary.

“This is the best implementation I’ve ever been through in my 28-year career.”

Laura TaylorChief Financial Officer, St. Louis County Library, MO
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“Our auditors recommended Monetary. It helped me keep my job.”

Maria ChavezComptroller, Fort Worth Independent School District, TX
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“Sometimes I’ll get people and they’ll ask, 10 out of 10, how do you rate Monetary? I’m like, well, can I have an 11?”

Kevin YokimCounty Administrator, Florence County, SC
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Why Monetary

Corporate lease-accounting tools weren’t built for government finance. Monetary was.

Most lease software was built for corporate ASC 842 and added GASB 87 as an option later. Monetary started with government and nonprofit finance, so the standard your auditor holds you to is the one the product was designed around.

GASB 87 is native.

The single right-to-use model, lessee and lessor accounting (including deferred inflows of resources for governmental lessors), and modified-accrual journal entries are generated correctly out of the box. These governmental treatments don’t exist in corporate finance, and no corporate platform can be configured into them.

Built for the standard’s complexity.

Short-term, cancellable, and regulated lease types; modifications, renewals, partial terminations, remeasurements, and impairments — each handled as a first-class event with a full audit trail, so your reported balances stay defensible all year.

Audit-ready by design.

Note disclosures, roll-forwards, and maturity tables generate from the same data you manage daily, and auditors get read-only access on demand. Audit support is a by-product of the work, available at any point in time.

One platform for all of it.

Leases sit alongside your GASB 96 subscriptions, your contracts, and — for teams that run Monetary TMS — your debt, cash, and investments, so compliance work shares one system of record instead of scattering across tools.

Reporting under FASB instead? Monetary supports ASC 842 lessee and lessor accounting for nonprofits in the same platform — the same capture, schedules, and disclosures, mapped to the standard you report under.

Learn more about ASC 842
FAQs

What accounting teams ask before they buy.

See the full process

Upload the signed agreement and Monetary extracts the terms — commencement date, term, payments, escalations, and options — each linked back to the page it came from. You confirm the values against the source instead of re-keying them.

Extend the same workflow across the rest of your compliance work.

SBITAs handled the same way as your leases.

GASB 96 subscription-based IT arrangements follow the same path as GASB 87 leases, in the same platform, so the team that owns leases owns subscriptions without learning a second tool.

GASB 96 management

Find the embedded leases before your auditor does.

Manage contracts in one place and surface the embedded lease and subscription commitments inside them, so population completeness starts at the contract, where the commitment is made.

Contract Management

The treasury platform your leases can live next to.

For teams that also manage debt, cash, and investments, Monetary TMS brings treasury and accounting onto one system of record — with the same audit-ready discipline you get on leases.

Explore Monetary TMS

Your leases, your schedules, and your disclosures at the center.

See what Monetary looks like for your team — with your lease population, your funds, your journal entries, and the note disclosures your auditor expects at the center of the demo.

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