Crunchafi

Does Crunchafi Lease Accounting software handle the monthly reclass between Short Term Liability and Long Term Liability?

Crunchafi Lease Accounting software automatically handles the monthly journal entry to reclassify the next 12 months of lease liability from Long Term Liability to Short Term Lease Liability, although the liability due within the next 12 months may not exactly match the lease payments occurring in that period.

Does the Lease Accounting software handle the monthly reclass between Short Term Liability and Long Term Liability?

The monthly journal entry from the Lease Accounting software will reclass the next 12 months of lease liability from Long Term Liability to Short Term Lease Liability.

Liability due in the next 12 months may not be in line with lease payments occurring in the next 12 months.