Welcome, the name says it all, this application is a deferred rent calculator. Here you can easily calculate cash rent expense, deferred rent expense, and deferred rent expense liability on the balance sheet for a single or multiple locations. These are all vital rent & occupancy items that many accounting or FP&A professionals will deal with on a regular basis. What exactly is the generally accepted accounting principles (GAAP) concept known as deferred rent expense?
Most leases do not have even, or "straight lined", rent payment terms. Instead, rent varies by year, and can include periods of free rent as well as periods where the cash rent escalates. Deferred rent expense is an account companies can use to achieve consistent, straight line rent expense recognition month over month. Under US GAAP, this is key for financial statements and reporting. For a great explanation, check out this concise description and example from Motley Fool.