You can view Initial Journal Entries a few different ways in LeaseCrunch
If you're looking for the initial journal entry associated with a lease, there are a few ways you can find it:
Pull a Journal Entry Report for the first month of the lease.
- Select the desired lease in the My Leases tab.
- Select the GL date range for the month in which the lease begins.
- Pull the Journal Entry Report.
- The first lines of the first tab of the Journal Entry report show the initial journal entry to recognize the lease.
- If there are any balances from pre-existing lease accounting guidance, the recognition is posted in the initial journal entry as well:
Look in the "Lease" Tab of every report.
- Every excel report in LeaseCrunch contains a tab named, "Lease."
- Select the "Lease" tab and scroll to columns AR through AU.
- These columns show the initial journal entry for all leases included in the report query.