LeaseCrunch offers Seven Keys in Selecting Lease Accounting Software
Summary
For CPA firms, it is important to analyze your firm’s goals, budget and client base to make the right choice when comparing options. 1) Accounting Complying with the new lease standard requirements is the most important factor to consider when evaluating software options. You want to ensure you’re maintaining your independence as a CPA firm, so ask if the system complies with AICPA guidelines for hosting services. Designed by CPAs, former Big 4 public accounting auditors, software development veterans and a former member of the FASB staff, the application offers an easy-to-use customer interface that delivers “audit in a box” lease accounting services, reducing the time it takes clients to prepare for an audit. LeaseCrunch also allows companies to identify policy elections for the leasing standard through templates for both US GAAP and IFRS.