LeaseCrunch®


Recent Posts

In the News: WeWork Hosts Analysts Before IPO; Debt, Lease Obligations in Focus

Aug 1, 2019 9:37:21 AM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard

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In less than a decade WeWork has created a brand with global recognition that investors valued at $47 billion in its latest fundraising. That valuation is 10 times the market cap of its larger rival, Zug, Switzerland-based IWG Plc.

“There’s a lot of desire to handle this IPO in an intelligent way and present a viable business model to the Street and to the analysts because nobody wants WeWork to fail,” said Michael Cohen, president of greater New York City at brokerage Colliers International Group Inc.

Property owners have embraced flexible workspaces that allow a variety of tenants to house temporary operations at the same site without signing long-term leases. But short-term contracts pose an investment risk if tenants vacate and revenue dries up during a downturn.

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In the News: 3 Steps to Understanding Lease Materiality

Jul 25, 2019 10:20:19 AM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard

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The issue of materiality in the new lease accounting standard can be challenging, but LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, says there are three key steps to understanding the issue.

“Now that operating leases must be captured on financial statements under the new lease standard, many CPAs are wondering about materiality,” said Ane Ohm, CEO of LeaseCrunch.  “For the international standard, IFRS 16, the materiality threshold is set at $5,000, meaning that leases under that amount do not need to be accounted for on the books.

“However, FASB did not set a similar threshold for materiality under the U.S. standard, ASC 842, so many organizations are wondering how to determine what operating leases are material enough that they should be added onto their balance sheets. 

“As with many aspects of the new lease standard, materiality is an area that requires judgment—though there are important considerations that can help.”

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LeaseCrunch® to share insights in free Accounting Today webinar: “ASC 842: Lessons learned from early implementations”

May 13, 2019 1:34:12 PM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard, CPA Firms

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MILWAUKEE, May 13, 2019 – LeaseCrunch®, the only lease accounting software made by former
CPA firm auditors for CPA firm auditors, will share their expert insights in the free Accounting
Today webinar, “ASC 842: Lessons learned from early implementations,” to be held on May 16th at 2 PM (EST).

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ProNexus Selects LeaseCrunch® as Lease Accounting Solution to Clients

May 2, 2019 8:00:00 AM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard, Technology

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MILWAUKEE, May 2, 2019 – LeaseCrunch®, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced that ProNexus will use LeaseCrunch® software as their lease accounting solution for their clients.

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LeaseCrunch® partners with Moore Stephens North America through Strategic Partner Program

Apr 4, 2019 10:00:00 AM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard, CPA Firms, Technology

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Provides expanded distribution channel for LeaseCrunch® software to over 40 firms with more than 150 offices and nearly 7,000 professionals 

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In the News: New lease accounting standard will hit almost every company’s balance sheet

Mar 11, 2019 9:48:46 AM / by LeaseCrunch® posted in LeaseCrunch®, FASB, New Lease Standard

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LeaseCrunch® and CEO Ane Ohm were recently featured in a Milwaukee BizTimes articles about the new lease accounting standard.

Find the full article here or read below.

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AccountLease™ selects LeaseCrunch® as software platform for healthcare engagements

Feb 28, 2019 9:47:14 AM / by LeaseCrunch® posted in LeaseCrunch®, FASB, New Lease Standard

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AccountLease is a strategic alliance between CPA firm Swenson Advisors and Cresa San Diego

 

MILWAUKEE, February 28, 2019 – LeaseCrunch®, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced that AccountLease will use their software platform to serve clients.

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Accounting Today names LeaseCrunch® as one of the top new products of 2019

Feb 21, 2019 4:19:27 PM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard, CPA Firms

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MILWAUKEE, February 21, 2019 – LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, was named one of the top new products of 2019 by Accounting Today.

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CPA Firms Claim Potential Bank Loan Violations are Top of Mind for Clients

Jan 3, 2019 4:26:21 PM / by LeaseCrunch® posted in LeaseCrunch®, New Lease Standard, CPA Firms

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69% of the auditors said that their clients have raised the issue of potentially violating bank loan covenants

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LeaseCrunch® receives System and Organization Controls (SOC) 2® Type I Audit Certification

Jan 3, 2019 9:00:00 AM / by LeaseCrunch® posted in LeaseCrunch®

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Unqualified opinion demonstrates that LeaseCrunch® policies, procedures and infrastructure meet or exceed stringent SOC 2® criteria

MILWAUKEE, January 3, 2019 – LeaseCrunch®, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced that it has successfully completed a System and Organization Controls (SOC) 2® Type I Audit examination by international business advisory firm Skoda Minotti.

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