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Adding Leases
Payments
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Transition Leases
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Leases
Payments
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Recognition
Reports
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Leases
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GASB 96 - SBITA
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Knowledge Base
FAQ
Getting Started
Get Started Steps
Get Started Videos
How To
Users
Adding Leases
Payments
Revisions
Reporting
Administration
FAQ
Initial Application Date
Transition Leases
Login
Leases
Payments
Currency
Bulk Import
LeaseCrunch Billing
Recognition
Reports
GASB
Administration
Dates
Leases
Reports
GASB 96 - SBITA
Quick Tips
Case Studies
SOC Reports
Release Notes
For Firms
Firms: How to Use LeaseCrunch
Marketing Resource Library
Branding
Videos
Billing
Context Sensitive Help
FAQ
This section includes a list of Frequently Asked Questions from our users about leases, payments, financial statement recognition and more
What's the risk of using Spreadsheets?
What will Financial Statements look like under ASC 842?
Initial Application Date
What is my Initial Application Date under ASC 842?
What if the Initial Application Date is entered incorrectly?
Transition Leases
Why must the Start Date of the lease be on or after the Initial Application Date?
Where do I enter balances that existed under the previous standard?
What is a Transition Lease?
Will LeaseCrunch adjust my existing lease balances to flow through to the ROU Asset?
Should I add my capital leases to LeaseCrunch?
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Login
What happens after a user is invited to LeaseCrunch?
Is it ok to use the same password for both Live and Demo?
A user is unable to login to LeaseCrunch
Leases
When Should Leases be Deleted?
Removing or Restoring a Lease
How does a change in discount rate affect the ROU Asset and Lease Liability?
What happens if I need to change the discount rate on a lease?
When should I clone a lease?
Can LeaseCrunch be used for short-term leases?
Can subleases be entered into LeaseCrunch?
How to account for month to month leases?
Can I move my lease from demo to live?
Why is my lease showing Incomplete status?
How can I determine if I have an embedded lease?
Why is the start date, end date, term or classification grayed out?
What does it mean when ROU Asset Life is greater than its Lease Term?
How do I know if I have a lease?
Lease Term Wizard
What is the difference between an edit and a revision?
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Payments
Why is the first payment missing from the Lease Liability?
Can lease and non-lease payment be shown separately?
How do I handle non-lease payments when I elect to include them with lease payments?
How do I handle monthly lease prepayments?
Currency
What is the purpose of the foreign currency effect column on the Amortization Schedule?
Bulk Import
Bulk Import Best Practices & FAQ
Troubleshooting Bulk Import Error Logs
What format do I use to import a large quantity of leases?
LeaseCrunch Billing
LeaseCrunch Billing Details
Recognition
Understanding Journal Entries under the New Accounting Guidance (FASB ASC842)
Are Leasehold Improvements (TI's) Considered Lease Incentives?
Why doesn't the cash outlay match the lease expense?
When is Equity affected under ASC 842?
What are the options for handling 13 period accounting in LeaseCrunch?
Does LeaseCrunch handle the monthly reclass between Short Term Liability and Long Term Liability?
How do I use the Cash/AP Clearing Account?
Present Value Calculations in LeaseCrunch
Can I combine short term and long term liability?
What will my initial journal entry look like?
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Reports
Cash Flow Statement under ASC 842
Why is my lease liability lower than my payments?
Can I generate one spreadsheet with all journal entry data, Amortization Schedule and Footnote Data?
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