We’re excited to announce LeaseCrunch as our chosen lease accounting solution. As we vetted software to help you, our clients, implement the new lease standard, we reviewed several options and believe LeaseCrunch is the best solution for our clients.

LeaseCrunch provides assistance with the adoption of ASC 842, IFRS 16, GASB 87 & GASB 96 and offers a simple solution for generating monthly journal entries, amortization schedules and quantitative footnote disclosures. You’ll also have access to the system and the ability to add, edit and revise your leases as necessary.

Below are tips to help you get ready for the new lease standard:

1) Gather and review all service contracts. Use the Readiness Checklist to help you assemble
the necessary information.

2) If unsure, use the LeaseCrunch Embedded Lease Identifier to determine whether a lease qualifies
as an Operating Lease.

• Provide the email results to your CPA firm for documentation.

If you are interested in an interactive overview of the solution, you can find that here.

Additionally, we will be hosting a client workshop presented by LeaseCrunch on November 9^th at 1:30PM. Register for the event here.