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

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

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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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What Major Change in Lease Accounting Means for Banks

Dec 13, 2018 2:32:19 PM / by LeaseCrunch® posted in New Lease Standard, LeaseCrunch®, CPA Firms, FASB

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Banks are bracing for the impact — on two fronts — of a new federal rule that will change how companies account for the cost of leasing everything from equipment to automobiles to space in office buildings or shopping centers.

Read about what our very own CEO, Ane Ohm, said about the change.

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LeaseCrunch® Survey of Auditors at 77 US CPA Firms

Nov 2, 2018 2:51:38 PM / by LeaseCrunch® posted in New Lease Standard, LeaseCrunch®, CPA Firms

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MILWAUKEE, November 2, 2018 – In a survey of auditors at 77 US CPA firms conducted by LeaseCrunch®, 58% believe that the new recognition of a lease obligation will adversely affect loan covenants for their clients.

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Cherry Bekaert Selects LeaseCrunch for Lease Accounting Software

Sep 28, 2018 8:25:16 AM / by LeaseCrunch® posted in LeaseCrunch®, CPA Firms, Technology

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Top-30 accounting firm Cherry Bekaert today announced the selection of LeaseCrunch as the software platform they will use to offer assistance to clients transitioning to the new lease accounting standard.
 
 
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LeaseCrunch in the News: Helping CPA Firms Crunch the Numbers

Apr 10, 2018 7:29:34 PM / by LeaseCrunch® posted in CPA Firms

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In 2019, new standards will be rolled out that make the process of accounting for business leases more complicated. CPA firms are beginning to prepare for the change, and LeaseCrunch has developed a software platform to assist them.

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