• People & Change
  • For other entities, ASC 842 goes into effect for fiscal years beginning after December 15, 2021 (i.e., will be effective for calendar year-end companies on January 1, 2022.) Lease Accounting Software Tour. . Automated software, on the other hand, will send email alerts so you never miss an important date. Partner, Dept. 2020 © Copyright Visual Lease.