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.
Automate your lease accounting with ease
Simplify complex lease accounting calculations, easily generate journal entries, amortization schedules, and footnote disclosures, and maintain compliance with all lease accounting standards.
Quickly generate accurate reports
How Crunchafi streamlines lease accounting for your CPA firm:
- Dual access functionality: Collaborate from one dashboard. Invite clients to enter lease data with you and generate required reports with ease.
- Audit-ready reports in minutes: Instantly download journal entries, amortization schedules, and footnote disclosures with the push of a button.
- Automate data entry with AI: Upload a lease contract and let AI key details like lease term, start and end dates, and asset information for faster, more accurate entry.
- Annual SOC reports: Have confidence in your financial reporting with the assurance of our annual SOC 1 Type II and SOC 2 Type II reports.
Easy to use for CPA firms and their clients
Automate lessee and lessor lease accounting reporting requirements in minutes.
Easily collaborate with clients
Eliminate version control issues, maintain a transparent audit trail, and collaborate with your clients from a single dashboard with our Dual Access feature. No more trading spreadsheets back and forth.
Generate accurate reports quickly
Eliminate errors with instant, audit-ready reports that include journal entries, amortization schedules and footnote disclosures. Easily download into spreadsheets for maximum productivity and efficiency.
Live and on-demand training
Get expert guidance, white-glove customer support, and intuitive on-demand training from our team of CPAs, Big Four public accounting auditors, software development veterans, and former FASB staff.
Save time with AI-powered lease entry
Upload a lease contract and let AI key details like lease term, start and end dates, and asset information for faster, more accurate entry.
Annual SOC reports
Gain peace of mind with annual SOC 1 Type II and SOC 2 Type II reports that reinforce the controls in place to ensure accurate financial reporting, data security, calculations, and transparency controls—keeping your firm and clients confidently compliant with lease accounting standards.
Automate your lease accounting in 4 simple steps
- 1.Create: Set up an admin account for your firm.
- 2.Invite: Invite staff or clients and assign user roles.
- 3.Enter: Configure policies and enter lease data.
- 4.Generate: Export reports with the push of a button.
What we’ve heard
Here’s why accounting and financial professionals choose Crunchafi’s Lease Accounting software.
“When researching different solutions, Crunchafi’s Lease Accounting software stood out because the workflow was simple and easy to follow, the implementation time was much faster, and they offer a help document to assist on the technical side.”
— Julie W., Controller, Non-Profit Organization Management
“We’re a construction company that used to track our leases on an Excel spreadsheet. It quickly became quite a task to maintain the data. Crunchafi’s Lease Accounting software minimized the time it takes to run lease calculations on a monthly basis.”
— David M., Senior Accountant/Analyst
“Successfully navigating the ASC 842 transition was a top priority for us. Crunchafi’s Lease Accounting software played a crucial role in making it a smooth experience. Our team found that its user-friendly interface and powerful features truly made a difference.”
— Ryan Lubinski, CPA, CVA, Senior Manager at MichaelSilver
FAQs
Quick answers to your questions about our suite of accounting and financial solutions.
What does Crunchafi's Lease Accounting product do?
It streamlines lease accounting, ensuring compliance with accounting standards and helping organizations efficiently manage, calculate, and report on leases—saving time and minimizing errors.
Which lease accounting standards are supported?
Crunchafi Lease Accounting ensures compliance with the FASB ASC 842, IFRS 16, FRS 102 & GASB 87, 94, and 96 accounting standards.
How easy is it to get started?
Very easy! Our software is designed to be intuitive and user-friendly. Most organizations can start inputting leases and generating reports within minutes. Dedicated support and resources are also available to ensure a smooth onboarding process.
How important is security and data integrity to Crunchafi?
We regularly complete SOC 1 Type II and SOC 2 Type II reports. Additionally, we offer Single Sign-On, role-based access, and comprehensive access and change audit trails for enhanced visibility, security, and accountability.
Can firms and clients collaborate in the product?
Yes. Crunchafi Lease Accounting was designed for seamless collaboration between firms and their clients. Both parties can work together in the same secure environment—sharing access, entering lease data, reviewing reports, and staying aligned in real time. Role-based permissions ensure everyone sees only what they need to.
Ready to put the ease in lease accounting?
Simplify compliance, automate reporting, and lighten your manual workload with Crunchafi’s Lease Accounting software.
Related
Crunchafi | Lease Accounting & Data Extraction
Crunchafi offers intuitive SaaS solutions for CPAs that automate lease accounting and financial data extraction, providing dual-access, audit-ready reports, standardized Excel outputs, and compliance with major accounting standards to streamline workflows, increase firm capacity, and enhance client relationships through secure, customizable, and user-friendly software with comprehensive support.
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.
Accounting Today names LeaseCrunch® as a top new product of 2019
Accounting Today named LeaseCrunch®, a lease accounting software developed by former CPA auditors and designed as an "audit in a box," as a top new product of 2019 for its customizable, user-friendly interface that simplifies compliance with new lease accounting standards, supports both CPA-led and client-managed bookkeeping, and includes features like audit guidance wizards, FASB and IFRS templates, and automated disclosures to efficiently handle complex lease portfolios.
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.
ProNexus Selects LeaseCrunch® as Lease Accounting Solution to Clients
LeaseCrunch®, a cloud-based lease accounting software designed by former CPA auditors to help implement ASC 842 and IFRS 16 standards, has been selected by ProNexus, a non-attest finance and accounting firm with 12 offices in New York and Michigan, to provide lease accounting solutions including calculation of Right of Use assets and liabilities, amortization tables, journal entries, and disclosures for their clients.
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.