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 that simplifies the input of lease data. It also aids in complying with accounting standards like ASC 842, GASB 87, GASB94, GASB 96, and IFRS 16. The software offers guided steps for inputting lease terms and calculating adjusting entries and provides support with technical documentation and access to accounting experts.Pros
- Fast implementation time compared to similar products
- Simplifies lease data input processes
- Lease auditing with LeaseCrunch Verify
Cons
- Limited report customization
- No bulk update options
Target Market
CPA and accounting firms managing numerous leases, ensuring compliance with standards like ASC 842 and IFRS. It also suits businesses of all sizes, handling anywhere from 5 to 5,000 leases.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.
LeaseCrunch Benefits
- Time Savings: Automates calculations and generates necessary disclosures and reports, reducing the time spent on manual data entry and calculations.
- Accuracy and Compliance: Ensures accuracy in lease data and compliance with the latest accounting standards, reducing the risk of errors and penalties.
- Scalability: Suitable for businesses of all sizes, from small enterprises to large organizations, allowing for easy scalability as the business grows.
- Audit Readiness: Generates audit-ready reports and documentation, simplifying the audit process and ensuring all necessary information is readily available.
LeaseCrunch Annual Pricing
For CPA Firms
- Starter: $200 per lease. Pay-as-you-go, no additional fees.
- Professional: $1,200 for up to 8 leases ($150 per additional lease).
- Enterprise: Custom pricing for more than 8 leases, with flexible billing options.
For Companies
- Starter: $300 per lease. Pay-as-you-go, no additional fees.
- Professional: $2,000 for up to 8 leases ($250 per additional lease).
- Enterprise: Custom pricing for more than 8 leases, with flexible billing options.
Product Overview
Developer Overview
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