Provides expanded distribution channel for LeaseCrunch® software to over 40 firms with more than 150 offices and nearly 7,000 professionals
MILWAUKEE, April 4, 2019 – LeaseCrunch®, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced that it is now a strategic partner of Moore Stephens North America.
“In addition to delivering an expanded distribution channel for LeaseCrunch software to over 40 firms with more than 150 offices and nearly 7,000 professionals, the program offers LeaseCrunch the ability to partner with Moore Stephens North America member firms by providing products that are integrated into their member client solutions,” said Joel Hess, Principal, at LeaseCrunch.
“Our Strategic Partners provide valuable resources to our members, and we are thrilled to add LeaseCrunch to the program,” said Laura Metz, marketing and communications manager of Moore Stephens North America. “We’re always looking to deepen our bench, and LeaseCrunch delivers solutions to problems our members have faced in the past, and the tools to help them plan for the future.”
The LeaseCrunch software is customizable to the size of the company and enables the accounting firm to either act as bookkeeper or set clients up within the system to manage their own lease portfolio. LeaseCrunch is essentially an ‘audit in a box’ for lease accounting, reducing the time it takes clients to prepare for an audit and reducing the time it takes CPA firms to perform the audit.
LeaseCrunch equally accommodates the needs of companies with large, complex portfolios, as well as providing a cost-effective solution for smaller companies with as few as 1-5 leases, who most likely have an office lease that is material enough to require full implementation for the new lease standard.
“LeaseCrunch tools and features that save CPA firms time and money include automated quantitative footnote disclosures, leasing wizards for classification and lease term, simplified policy election templates, custom reporting, journal entry exports and amortization schedules,” said Hess. “Clients have full control of whether the firm can access their lease portfolio for implementation or audit.”
Named by Accounting Today as one of the top new products of 2019, LeaseCrunch provides cloud-based lease accounting software for CPA firms, designed to help organizations implement the new lease accounting standards, ASC 842 and IFRS 16. Designed by CPAs, former Big 4 public accounting auditors, software development veterans and a former member of the FASB staff, the application offers an easy-to-use customer interface that delivers “audit in a box” lease accounting services, reducing the time it takes clients to prepare for an audit. LeaseCrunch allows companies to identify policy elections for the leasing standard through templates for both US GAAP and IFRS. For more information go to: www.LeaseCrunch.com
About Moore Stephens
Moore Stephens North America (MSNA) is one of eight regional members of Moore Stephens International Limited (MSIL). On a combined basis, MSIL member revenue exceeds $2.9 billion, making it the eleventh largest accounting network in the world. MSNA’s 43 member firms in the United States, Canada and Mexico have 130 collective offices in most major North American markets and 9 member firms on the INSIDE Public Accounting Top 100 Firms list. To learn more visit: www.msnainc.org or follow on Twitter: @msnainc.
John Steven Vita Communications