Can I generate one spreadsheet with all journal entry data, Amortization Schedule and Footnote Data?
Currently, there is no one-click report to generate a single spreadsheet containing all journal entry data, amortization schedule, and footnote data, but this capability is planned for future enhancement.
Can I generate one spreadsheet with all journal entry data, Amortization Schedule and Footnote Data?
Currently, there is not a one-click report to obtain the journal entry, amortization schedule, and footnote reports. However, this feature is on our enhancement list.
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My Leases & Reporting Walk Through
Crunchafi Lease Accounting allows users to generate and export Journal Entries, Amortization Schedules, and Footnotes reports for one or multiple leases that are in Complete status by selecting the leases on the My Leases screen and choosing the desired report type at the bottom of the screen, with additional report details accessible within the application and support available for assistance.
Lease Accounting Software
Crunchafi is a lease accounting software designed for CPA firms that automates complex lease accounting tasks by enabling collaborative data entry via a dual-access dashboard, generating instant audit-ready reports including journal entries and amortization schedules, utilizing AI to extract lease details from contracts for faster accuracy, and providing expert support and annual SOC compliance reports to ensure streamlined, compliant, and efficient lease accounting processes.
Rea & Associates Recognizes the Value of Crunchafi
Rea & Associates, a top 100 CPA and advisory firm specializing in various industries, chose the cloud-based, user-friendly lease accounting software Crunchafi to help their clients efficiently and accurately implement the new lease standard, avoiding the errors and workload associated with spreadsheet use.
Sample Lease Accounting Reports
The Sample Lease Accounting Reports provide various exportable report types—including Journal Entries, Amortization Schedules, Footnote Disclosures, and All Lease Data—across ASC 842 Lessee and Lessor, GASB 87 Lessee and Lessor, and GASB 96 standards, each export featuring three tabs (Data, Criteria, and Lease) to display selected data, filters, and lease details, with some reports offering functional currency translation options.
Crunchafi Solutions for Companies
Crunchafi Solutions offers automated lease accounting and financial data extraction software that simplifies complex reporting, reduces manual errors, accelerates audit processes, and ensures compliance, enabling growing companies to save time, cut costs, and focus on strategic decision-making.
In the News: FASB Releases 2022 GAAP Taxonomy
The Financial Accounting Standards Board (FASB) released its 2022 GAAP Taxonomy update, introducing new reporting elements such as credit losses excluding accrued interest, reinsurance contracts, pledged assets, debt obligations with recourse, changes in reporting entity, balance sheet offsetting, and financial statement location clarifications, while also deprecating obsolete guidance, refining labels, and modifying references to enhance clarity and usability for accounting and financial reporting.