What's New

• Multi-Year Adjustments
  • Apply adjustments to multiple years efficiently.
    
    
• Rounding Automation
  • New and improved rounding functionality.
    
    
• Connections - Automatically refresh all connections on demand or on a schedule.
  • Automated Updates: Refreshes spreadsheet connections via the master runner script. 
  • Flexible Execution: Run on a schedule or on demand. 
  • Time-Saving: Eliminates manual refresh steps. 
  • Toggle Control: Easily enabled or disabled as needed. 
  • Scalable: Supports broader use of data connections. 
  • Data Accuracy: Helps to ensure the most up-to-date data is used.
    
    
• Publish Links - Automatically publish all links on demand or on a schedule.
  • Efficiency: Saves time by eliminating manual publishing steps. 
  • Scheduled or On-Demand: Can run automatically or be triggered as needed. 
  • Scalable: Supports increased volume and frequency of link publishing. 
  • Control & Flexibility: Can be turned on or off based on workflow needs. 
  • Data Freshness: Helps ensure users access the most current published data. 
   
  
• Grouping Rollup
  • Quick Mapping: Easily see where each FHBID fits in financial statement groups. 
  • Detailed Breakdown: View unadjusted trial balance, adjustments, and adjusted amounts by FHBID. 
  • Improved Transparency: Clear audit trail from raw data to final financials. 
  • Efficient Review: Simplifies analysis and decision-making with organized financial data. 
    
    
• Automatic Validation
  • Proactive Issue Detection: Flags variances early based on predefined rules. 
  • Automated Notifications: Assigns reconciliation tasks to users when issues are found. 
  • Improved Accuracy: Helps ensure reconciliation issues aren’t missed. 
  • Flexible Execution: Can run on a schedule or on demand. 
  • Toggle Control: Easily enabled or disabled as needed. 
  • Exception Handling: Includes an exception list to exclude known variances from alerts. 
    
    
• Compliance and Procurement-Specific Improvements
  • Confidence in Compliance: Reporting aligns seamlessly with GASB 87, GASB 94, GASB 96, and ASC842 standards, ensuring your financial statements meet regulatory requirements. 
  • Accurate Treatment of Complex Scenarios: Supports fractional periods, short-term leases, disposal entries, and nuanced scenarios like prepaid amounts, ensuring schedules and reports reflect real-world conditions without manual adjustments. 
    
    
• Accuracy and Reliability
  • Consistent and Accurate Calculations: Advanced calculation logic delivers schedules and financial details, including purchase options, incentives, penalties, and interest.
    
    
• Performance and Usability
  • Faster Processing for Larger Agencies: Optimized performance significantly reduces processing time for high-volume deployments.
  • Deeper Insights for Better Decisions: Optional fund breakdown and new disclosure queries provide more granular visibility into your lease portfolio.
  • Simplified Data Management: Improved handling of lease names, column mappings, and custom fields reduces manual intervention and ensures smooth workflows.
    
    
• Automated Accounting for Lease Term Changes (GASB 87/96)
  • Streamlined Recalculations: Automates recalculation for lease amendments such as extensions and changes to existing agreements, ensuring journal entries and schedules reflect updated terms without manual intervention.
    
    
• Support for Multiple Sequential Amendments (GASB 87/96)
  • Consistent Handling for Back-to-Back Changes: Handles leases with multiple amendments seamlessly so balances and schedules remain consistent across successive revisions.
    
    
• Early Termination Accounting (GASB 87/96)
  • Accurate Treatment of Early Terminations: Added partial and full termination entries and end-of-life journal entries. Automates accounting for early lease terminations, including terminations occurring in the inception year, with accurate remaining balance and principal treatment.
  • Complete Disposal Entries: Generates required journal entries for early terminations, removing remaining assets and liabilities, and reflecting any applicable capital outlay amounts.
    
    
• Fiscal-Year Recognition of Lease Changes (GASB 87/96)
  • Correct Period Reporting: Ensures modifications and terminations are recognized in the correct reporting period, including changes occurring near fiscal year-end.
    
    
• Preservations of Modified and Terminated Leases Across Years (GASB 87/94/96)
  • Continuity in Reporting: Maintains continuity of modified and terminated leases across roll-forward and historical processing, maintaining data integrity across years, reducing rework, and ensuring accurate reporting.
    
    
• Accurate Reporting for Lease Modifications with Incentives and Penalties (GASB 87/96)
  • Improved Accuracy in Complex Scenarios: Automates handling of incentives and penalties during modifications, ensuring amortization schedules and financial reporting remain accurate.

• API Upgrade
  • To ensure uninterrupted service, continued support, and access to enhanced capabilities, we are proactively upgrading our system to use the newer API versions in alignment with Workiva. For full details, see our Knowledge Base Article. 
    
    
• Updated Scripts (Built with Python 3.13)
  • Faster, Smoother Processing: Existing scripts will run faster. 
  • Improved Error Handling: Clearer error messages and improved error handling make it easier to spot and fix issues. 
  • More Reliable and Secure Performance: Automations will run more consistently, reducing interruptions and improving overall efficiency. 
  • Scripts will continue to run beyond Workiva's end-of-life deadline for Python 3.9 on October 31, 2026. For more on this, see our Knowledge Base article.

Schedule a Call to Discuss Upgrading your GASB/FASB Extension