Press Release

News, Press Release

Swenson Advisors Welcomes Jim LoPresti to the AccountLease™ Team

| June 13, 2019

For Immediate Release

Swenson Advisors is pleased to announce that Jim LoPresti has joined the firm as the Business Development Executive. Jim will focus primarily on expanding nationwide a comprehensive solution called AccountLease™, developed in conjunction with Cresa – San Diego, in order to assist public, private and not-for-profit business entities to adopt and comply with the new U.S. and international lease accounting standards that will significantly impact corporate balance sheets.

AccountLease™ is a new paradigm that brings together a team of CPAs, Commercial Real Estate Brokers, Lease Accounting Software Developers and Attorneys in a bundled service that provides a turnkey solution for the new lease accounting standards.

Jim has more than 40 years of experience in marketing business development and sales management in financial and professional services. His previous experience includes Director of Business Development for Price Waterhouse, Arthur Andersen and Moss Adams LLP in San Diego; Director in San Diego for a tax advisory firm that helped clients claim research and development tax credits; and Vice President for several local and regional banks. Jim started his career with the IBM Corporation-Office Products Division as a sales representative in Cleveland, Ohio and was then promoted to Business Planning Analyst at their Franklin Lakes, New Jersey headquarters before his move to San Diego as a Marketing Manager.

Jim received his MBA and Bachelor of Science degrees from Ohio State University. Jim has served on the boards of directors for the San Diego Chapter of the Association for Corporate Growth, the Corporate Finance Council, and the La Jolla Golden Triangle Rotary Club.… Read More

AccountLease™ Articles, News, Press Release

AccountLease™ selects LeaseCrunch® as software platform for healthcare engagements

| April 20, 2019

AccountLease is a strategic alliance between CPA firm Swenson Advisors and Cresa San Diego

MILWAUKEE – LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced that AccountLease will use their software platform to serve clients. 

Swenson Advisors LLP and Cresa San Diego launched AccountLease as a comprehensive solution designed to address the new lease accounting standards, which require companies to record substantially all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019 for publicly traded companies.

“We are pleased to be working with AccountLease, helping their clients navigate the new lease accounting reporting requirements,” said Ane Ohm, Co-Founder and CEO of LeaseCrunch.

Steve Austin, Managing Partner at Swenson Advisors, has been at the forefront of the new lease standard and led one of the first new lease accounting implementations in 2017. “LeaseCrunch is designed to accommodate the needs of companies with large, complex portfolios, while still being a cost-effective solution for companies with as few as 1-5 leases, who most likely have an office lease material enough requiring full implementation,” said Austin. “AccountLease is implementing LeaseCrunch at a major health system that has over 4,000 leases in their portfolio and a big reason for that was LeaseCrunch’s ease-of-use.  This project joins several Integra International firms, led by KSDT in Miami to provide a comprehensive team of specialists.”

“LeaseCrunch wants to help CPA firms enhance client relationships by providing essential features and innovative solutions through a simple interface,” said Ohm.… Read More

News, Press Release

Swenson Advisors Welcomes Joel C. Colbourn, MBA to the AccountLease™ Team

| April 2, 2019

Joel Colbourn has joined Swenson Advisors as Lease Accounting Director based in our San Diego office.

Joel is a finance/treasury professional with more than 20 years of experience directing accounting and finance operations in global organizations. His experience covers various industries including aerospace and defense, technical services and solutions, technology, and consumer products.

Previously, Joel was a Consultant for Resources Global Professionals from 2015-2018. Prior to that, he served as VP & Treasury Director for Credit and Compliance Initiatives and as VP & Assistant Treasurer for Science Applications International Corporation (SAIC). Past experience also includes Assistant Treasurer for Teledyne, Inc., VP of Finance & Chief Financial Officer for Van de Kamp’s Holland Dutch Bakers, and Audit Manager/Senior Manager for Ernst & Whinney (now Ernst & Young).

Joel received his MBA in Accounting from the University of Southern California’s Marshall School of Business, BS in Finance and Accounting from the University of California, Berkeley and CPA from the State of California.