LeaseCrunch includes a suite of features designed to help firms meet the needs of their largest clients, with features including policy election templates, automated footnote disclosures, and in-app wizards to assist with entering lease information.
LeaseCrunch addresses the biggest challenges facing firms and their clients in implementing the new lease standard, including:
Guiding clients through accounting policy designations prior to implementation.
Calculating aggregated journal entries, complex footnote disclosures, and financial statement impact.
Allowing for seamless input into accounting systems.
It’s a common misconception that clients with one or two leases can easily rely on spreadsheets for the new lease standards. The complexity of the new standards will present significant demands on all clients and on your staff, regardless of their lease portfolio size. For example, companies need to make a number of policy elections, which will impact calculations. With materiality, even clients with a single office lease will require full implementation.
LeaseCrunch’s lease accounting solutions enable firms to serve their small clients by automating the deliverables required by auditors saving time and money.