LeaseCrunch

Named by Accounting Today as a top new product of 2019, LeaseCrunch provides an easy-to-use, cloud-based lease accounting software for CPA firms and their clients, helping organizations implement the new lease accounting standards, ASC 842, IFRS 16 and GASB 87.

Designed by CPAs, former Big 4 public accounting auditors, software development veterans and a former member of the FASB staff, the application streamlines implementations through a simple customer interface that delivers the journal entries, amortization schedules, and quantitative footnote at the push of a button. For more information visit LeaseCrunch.com.

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.

LeaseCrunch Target Market

CPA and consulting firms refer to LeaseCrunch all difference sizes of organizations, ranging from 5 to 5,000 leases. LeaseCrunch works organizations across the spectrum, including:

• Hospitals
• Transportation
• Retail
• Hospitality
• Financial services and banking
• Non-profits
• Governments

LeaseCrunch Pricing

The cost of LeaseCrunch is not published online. They offer a subscription-based pricing model that is priced based on lease volume with unlimited users. There is a free trial available. There is no free version available.