LeaseCrunch adds GASB 87 functionality
Summary
LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, today announced the addition of GASB 87 functionality to its acclaimed lease accounting software program. Easily generate journal entries, quantitative footnote disclosures, a full amortization schedule, and more with the push of a button. “LeaseCrunch users are able to present their clients with an affordable and scalable solution, priced by the number of leases,” continued Ohm. 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 allows companies to identify policy elections for the leasing standard through templates for both US GAAP and IFRS.