LeaseCrunch

A lease accounting software which complies with standards like ASC 842, IFRS 16, GASB 87, GASB 94 and GASB 96.

Product Overview

LeaseCrunch is a lease accounting software designed to streamline the process of managing and reporting leases. It simplifies the input of lease data. It also aids in complying with accounting standards like ASC 842, GASB 87, GASB 96, and IFRS 16. The software offers guided steps for inputting lease terms, calculating adjusting entries, and provides support with technical documentation and access to accounting experts.

Costs include the base pricing configuration (annual fee, cost per user, or cost per lease), training and support services, and the functionality included in the base solution.

Pros

  • Fast implementation time compared to similar products
  • Simplifies lease data input processes
  • Complies with ASC 842, GASB 87, GASB 96, IFRS 16

Cons

  • Limited report customization
  • No bulk update options
  • Pricing specifics unavailable from the vendor

Target Market

CPA and accounting firms managing a large number of leases, needing to comply with standards like ASC 842 and IFRS, and seeking a streamlined, efficient lease accounting process. Also for those businesses of all sizes ranging from 5 to 5,000 leases.

About LeaseCrunch

Video Overview

LeaseCrunch Features

  • Lease accounting software for FASB ASC 842, IFRS 16, and GASB 87.
  • Works for any lease type, with full journal entry, amortization schedule, and quantitative footnotes.
  • Centralized storage for leases, amendments, and other lease-related documentation.
  • Multi-currency translation and reporting.
  • Easy-to-use tooltips, wizards, and validation guidance to ensure accurate lease entry.
  • Policy election templates.
  • Bulk import feature streamlines initial lease input.
  • SOC II Type 2 report and agreed-upon procedures report that validates calculation accuracy.

Product Overview

Related Products

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  • MRI ProLease
    A real estate, facilities, and lease accounting software.
  • LeaseQuery
    Lease accounting software from LeaseQuery, LLC.
  • Visual Lease
    Lease accounting software from Visual Lease

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