Help: Selecting Lease Accounting or Lease Accounting Verification
Crunchafi Lease Accounting offers two product types for firm administrators adding or editing client accounts: the full-featured Lease Accounting version with comprehensive exports including journal entries and footnote disclosures, and the Lease Accounting Verification version designed to audit a sample of a client's lease portfolio with limited exports and requiring a signed pricing agreement, both of which can be switched between at any time.
Selecting a Product Type
When to select Lease Accounting or Lease Accounting Verification
Firm Administrators are prompted to select a product type when adding a new client account to Crunchafi Lease Accounting. This can also be changed when editing a client account.
Lease Accounting
Full version of the software, with all features enabled. Exports include:
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Journal Entries
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Amortization Schedule
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Footnote Disclosures
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All Lease Data
Lease Accounting Verification
If a client utilizes a solution other than Crunchafi Lease Accounting for their lease accounting calculations, Lease Accounting Verification can be used to audit a sample size of that client's lease portfolio. Lease Accounting Verification includes all Crunchafi Lease Accounting features with the following restrictions/requirements:
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Exports are limited to the Amortization Schedule and All Lease Data.
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Must be used for a subset of the client's lease portfolio.
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Must have a signed pricing agreement on file to use Lease Accounting Verification.
The client account can be changed from Lease Accounting Verification to Lease Accounting or vice versa at any time by a Firm Administrator.
See the attached Lease Accounting Verification Solution Sheet for more information on the value proposition and use cases.
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