LeaseCrunch offers a cloud-based lease accounting software designed for CPA firms, enabling efficient management of lease compliance with ASC 842, GASB 87, GASB 96, and IFRS 16. The platform allows users to input leases in under three minutes, ensuring accurate reporting and collaboration between CPA firms and their clients.
Funding
Funding not disclosed
Founders
Product
Problem
CPA firms face challenges in efficiently managing lease accounting for their clients due to evolving standards like ASC 842, GASB 87, GASB 96, and IFRS 16, often relying on manual processes or complex spreadsheets. This can lead to inaccuracies, increased audit risks, and time-consuming reporting procedures.
Solution
LeaseCrunch provides a cloud-based lease accounting software designed to streamline lease compliance for CPA firms, companies, and government entities. The platform simplifies the process of inputting, managing, and reporting on leases, enabling accurate calculations and adherence to accounting standards. It offers a centralized solution for managing multiple clients and leases, facilitating collaboration and reducing the risk of errors. LeaseCrunch aims to minimize the time required for lease calculations and reporting, allowing firms to focus on higher-value activities.
Target Audience
The primary target audience includes CPA firms, companies, and government entities that need to comply with lease accounting standards.
Features
- Cloud-based platform accessible from anywhere
- Streamlined interface with in-app tool tips
- Supports ASC 842, GASB 87, GASB 96, and IFRS 16 standards
- Lease input process designed to take as little as 3 minutes
- Centralized management of all clients and leases in one place
- Scalable for managing one or thousands of leases
- Audit tool for checking lease accounting accuracy