GASB 94 Effective Dates & How to use Crunchafi Lease Accounting
The content advises naming the Reporting Entity with "GASB 94" for clear identification, selecting this entity when adding leases, and choosing it from the drop-down menu when running reports in Crunchafi Lease Accounting to properly implement GASB 94.
When choosing to implement GASB 94, it is recommended to name the Reporting Entity with "GASB 94" for easy distinction. For example, you might use a name like "My Municipality - GASB 94."
When adding leases, make sure to select the appropriate Reporting Entity for GASB 94.
When running reports for GASB 94, select the appropriate Reporting Entity from the drop-down at the top of the "My Leases" section.