Crunchafi

Help: Selecting Lease Accounting or Lease Accounting Verification

The content explains that the full Lease Accounting software offers comprehensive features and exports including journal entries and footnotes, while the Lease Accounting Verification option is a restricted version designed for auditing a subset of leases calculated outside the software, with limited exports and requiring a signed pricing agreement, and that administrators can switch between these options as needed.

Selecting Lease Accounting or Lease Accounting Verification

Lease Accounting

The full version of the software includes all features enabled. Exports available in this version are:

  • Journal Entries
  • Amortization Schedule
  • Footnote
  • All Lease Data

Lease Accounting Verification

This option is intended for clients who use a solution other than Crunchafi Lease Accounting for their lease accounting calculations. Lease Accounting Verification can be used to audit a sample size of a client's lease portfolio. It includes all Crunchafi Lease Accounting features with the following restrictions:

  • Exports are limited to the Amortization Schedule and All Lease Data.
  • Must be used for a subset of the client's lease portfolio.
  • A signed pricing agreement must be on file to use Lease Accounting Verification.

A Firm Administrator can change the Client Account from Lease Accounting Verification to Lease Accounting at any time.

For more information on the value proposition and use cases, refer to the Lease Accounting Verification Solution Sheet.