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Implement the New Lease Standard in Minutes

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Simplified Lease Accounting

Audit-in-a-box for Lease Accounting

With LeaseCrunch, you don't need to be an expert in ASC 842, IFRS 16 or GASB 87/96 compliance. Our simple, easy-to-use solution allows you to address the biggest challenges in the new lease standard while automating the required deliverables. The software is comprehensive and cost-effective, even for companies with just a single lease. 

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See how easy it can be to implement the new lease standard.

LeaseCrunch vs. Excel Comparison

The Spreadsheet Myth

Although spreadsheets have worked in the past, they are not a solution for the new lease standard calculations. Spreadsheets introduce risks to the accuracy of your financial statement inputs, especially when leases are revised for modifications or re-measurements.  

There's good news! When LeaseCrunch does the calculating and heavy lifting, you receive spreadsheets pre-populated with accurate journal entries, amortization schedules, and footnote disclosures. Footnote disclosures are substantial in the new lease standard and LeaseCrunch provides the quantitative calculations.

Read more about the risk of using spreadsheets for lease accounting >

Complete Audits Fast

Donʼt let the new lease standard add hours to audits. LeaseCrunch creates all the deliverables that auditors request, saving time and ensuring an efficient and accurate review by the CPA firm.

In addition to footnote disclosures, leasing wizards, policy templates, users can export key lease data, such as dates and payment schedules, facilitating an easy review and comparison to lease contracts stored in LeaseCrunch. With extensive reporting capabilities, you have access to the information you need.

Amortization schedules from multiple leases can be aggregated into a single schedule with subtotals by fiscal year for simple P&L checks.

Auditing Process Workflow

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Fast implementation

Get started quickly with a streamlined, straightforward interface and in-app help links, wizards, and definitions to assist users with getting started

 

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Easy to use

Easily generate journal entries, quantitative footnote disclosures, a full amortization schedule and more with the push of a button

 
ico1-1-100x100Accuracy and compliance

Integrated validation checks improve data input accuracy and ensure compliance with relevant standards and requirements

 

LC_TYPLP_Images-22Export into spreadsheets

While compliance with lease standards is difficult in Excel, our export engine provides spreadsheets so you can easily update ERP systems