69% of the auditors said that their clients have raised the issue of potentially violating bank loan covenants
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®
LeaseCrunch® receives System and Organization Controls (SOC) 2® Type I Audit Certification
Jan 3, 2019 9:00:00 AM / by LeaseCrunch® posted in LeaseCrunch®
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.
Accounting Academic/Former FASB Project Manager Discusses New Lease Accounting Standard
Dec 21, 2018 1:26:14 PM / by LeaseCrunch® posted in New Lease Standard, LeaseCrunch®, FASB
Using practical expedients, determining the lease term, assessing your discount rate, lease renewals and previously capitalized balances
MILWAUKEE, December 19, 2018 – John Hepp, retired Grant Thornton partner, former FASB project manager and current accounting faculty member at University of Illinois at Urbana-Champaign, discusses several nuances of the new lease accounting standard, from practical expedients (“the spoonful of sugar to help the medicine go down”) to discount rates and much more, in a new LeaseCrunch® blog posting. Topics covered:
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
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.
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
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.
Auditors See Challenges in New Leasing Standard
Nov 1, 2018 2:45:00 PM / by LeaseCrunch® posted in New Lease Standard, LeaseCrunch®, Auditing
The new lease accounting standard that takes effect for public companies next year poses obstacles for the audit firms that have begun implementing it for their clients.
How Do I Create Fanatical Customers?
Nov 1, 2018 2:15:00 PM / by LeaseCrunch® posted in LeaseCrunch®
Ane Ohm
Co-founder and CEO
Cherry Bekaert Selects LeaseCrunch for Lease Accounting Software
Sep 28, 2018 8:25:16 AM / by LeaseCrunch® posted in LeaseCrunch®, CPA Firms, Technology
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.
LeaseCrunch in the News: LeaseCrunch Partners with CPA Firms on Lease Accounting Software
May 21, 2018 3:35:24 PM / by LeaseCrunch® posted in FASB, LeaseCrunch®, New Lease Standard
A group of former CPA firm auditors has teamed up to develop LeaseCrunch, lease accounting software that they’re selling through CPA firms to help clients deal with the new FASB standard.
LeaseCrunch Named Startup to Watch in 2018
Mar 8, 2018 3:26:49 PM / by LeaseCrunch® posted in LeaseCrunch®
LeaseCrunch is excited to announce that we were recently named as one of the top 25 startups to watch in Milwaukee. There are many great startups in our region and we are honored to be considered as part of this list.