Initial Journal Entries

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.

 

  1. Select the desired lease in the My Leases tab.


  2. Select the GL date range for the month in which the lease begins.


  3. Pull the Journal Entry Report.

  4. The first lines of the first tab of the Journal Entry report show the initial journal entry to recognize the lease.

  5. 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.

  1. Every excel report in LeaseCrunch contains a tab named, "Lease."  

  2. Select the "Lease" tab and scroll to columns AR through AU.  


  3. These columns show the initial journal entry for all leases included in the report query.