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LeaseCrunch Reviews & Product Details

LeaseCrunch Overview

What is LeaseCrunch?

LeaseCrunch, headquartered in Milwaukee, Wisconsin, is the leading provider of user-friendly lease accounting software. Our solution is designed to simplify compliance with ASC 842, GASB 87, GASB 96, and IFRS 16 standards, catering specifically to the needs of CPA firms and their clients. At its core, LeaseCrunch offers an intuitive interface featuring in-app wizards and comprehensive technical guidance. This functionality allows users to effortlessly input lease data and generate audit-ready reports within minutes. Our software's dual access feature facilitates seamless collaboration between CPA firms and their clients, effectively eliminating version control issues and communication barriers. LeaseCrunch's primary value lies in its ability to drastically reduce the time and complexity associated with lease accounting. Created by a team of experienced professionals, including CPAs, former Big Four auditors, and a former FASB staff member, our software has become the trusted solution for over 650 CPA firms and 26,000 organizations. By streamlining the transition, accounting, and maintenance of leases, LeaseCrunch empowers businesses to navigate the complexities of lease accounting with confidence and ease.

LeaseCrunch Details
Product Website
Languages Supported
English
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Product Description

Software designed to help CPA firms and their clients manage their leases from data entry to journal entry.


Seller Details
Company Website
Year Founded
2016
HQ Location
Milwaukee, WI
Twitter
@LeaseCrunch_
35 Twitter followers
LinkedIn® Page
www.linkedin.com
51 employees on LinkedIn®
Description

LeaseCrunch, the easiest lease accounting software on the market, is a comprehensive, cloud-based solution. LeaseCrunch helps organizations implement the lease accounting standards, ASC 84
, GASB 87, GASB 96, and IFRS 16. With a client base spanning over 650 CPA firms and
5,000 companies and government entities, we're proud to be a trusted partner in lease accounting.


Megan K.
MK
Overview Provided by:

Recent LeaseCrunch Reviews

Verified User
C
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Gives me what I need and nothing that I don't"
Ability to get my financial reporting and amortization schedules at the click of a button.
AS
ada S.Mid-Market (51-1000 emp.)
5.0 out of 5
"I think the program is user friendly and the outputs are what is needed."
ease of use and useful information for outputs
Karthika G.
KG
Karthika G.Mid-Market (51-1000 emp.)
4.0 out of 5
"Great for small /medium sized companies"
Lease crunch is a user friendly portal.
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LeaseCrunch Media

LeaseCrunch Demo - Automated Quantitative Footnote Disclosures
LeaseCrunch helps auditors by providing them with many of the quantitative disclosures (FASB, GASB and IFRS) needed to complete the footnote, reducing the time to develop the footnote.
LeaseCrunch Demo - Leasing Wizards for Classification and Lease Term
Wizards walk users through each step to evaluate the five criteria of lease classification as well as determining term length by capturing the subjective decisions about early termination and renewal options.
LeaseCrunch Demo - Add Client Accounts
For CPA Firms, add all client accounts from a single dashboard.
LeaseCrunch Demo - Helpful Tooltips and Hints
LeaseCrunch includes helpful tooltips throughout the application. Each tooltip includes professionally written summary and considerations for the relevant part of the standard.
Learn how we’re driving innovation for CPA firms worldwide with the LeaseCrunch and Finagraph merger.
Play LeaseCrunch Video
Learn how we’re driving innovation for CPA firms worldwide with the LeaseCrunch and Finagraph merger.
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Have you used LeaseCrunch before?
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54 LeaseCrunch Reviews

4.7 out of 5
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54 LeaseCrunch Reviews
4.7 out of 5
54 LeaseCrunch Reviews
4.7 out of 5

LeaseCrunch Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for LeaseCrunchQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Sophia L.
SL
Chief Financial Officer
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

Easy to use and it has incorporate the accounting literature requirements to eash the documentation of the accounting policies.

It also provides the reference to confirm the accounting treatment to select and document in the lease transactions. Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

This is not easy to get access to unless the accounting firm refers us to use. Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

we have multiple leased vehicles and need to use the lease accounting to post the journal. the software provide a convient way to collect document, enter the information and get all required calculations that can be understood bythe CPAs. Review collected by and hosted on G2.com.

Gus M.
GM
Audit Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

the user experience is teachable and easy to use . the customer support is always available and promptly responds. it has new features and integration that works perfectly. we implemented in 2022 and never looked back. we frequently use this platform for all of our leases for our clients Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

would want to leverage better insights as a practice to help us leverage and help our clients get better rates Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

ASC 842 calculations for our GAAP financials Review collected by and hosted on G2.com.

AS
Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

ease of use and useful information for outputs Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

uploading of large amounts of leases through the worksheet provided by Leasecrunch is not as convenient - would be better if client excel could be used Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

the recording and tracking of leases under the new standard - producing information needed for adjustments and for financial statement presentation Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about LeaseCrunch?

I enjoy the ease of use of Leasecruch. It is an excellent software specifically for clients that need to continually implement ASC 842 with compliance requirements. Customer support is also excellent for first time users and the interface is also great with auditor compatibility if that applies to your needs. Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

LeaseCrunch can take time to set up the first time around, but as soon as you have your leases in the program with start and end dates, the rest flows pretty easily. Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

Creating a single schedule to track multiple leases, with the ability to add leases as they are entered into. Review collected by and hosted on G2.com.

CM
SR Accoutant
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

I appreciate how LeaseCrunch simplifies lease accounting by automating asset tracking and generating accurate journal entries. I use it monthly, and its user-friendly interface and compliance features make the process more efficient while reducing the risk of errors Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

one area for improvement is its reporting customization. It would be helpful if there were more flexibility to tailor reports to specific business needs Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

Tracking vehicle, leases and their useful life. Review collected by and hosted on G2.com.

Verified User in Accounting
CA
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

Ability to get my financial reporting and amortization schedules at the click of a button. Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

It doesn't provide any sort of contract management, but again, I don't need it, so why pay for it? Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

Financial reporting compliance is difficult for the lease standard when you have more than just a handful of leases. This makes it far easier to aggregate and report the information. Review collected by and hosted on G2.com.

Lori S.
LS
Consultant - Accounting and Financial Reporting
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

Maintaining Compliance with accounting codification. It was easy to implement and easy for users to understand. I like the feature added recently that provides email reminders when leases are set to expire. Leasecrunch also allows me to calculate foreign exchange gain/loss on a monthly basis when converting local currency to functional currency. Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

I have no dislikes. I had all positive experiences with implementing and using LeaseCrunch. Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

Compliance with ASC 842 in financial reporting as well as tracking lease renewals. Review collected by and hosted on G2.com.

Karthika G.
KG
Senior Controller/ Director of Finance
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

Lease crunch is a user friendly portal. Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

Ideal to develop multiple lease upload feature, so can be used by big companies as well. Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

None Review collected by and hosted on G2.com.

Response from Sarah Sanders of LeaseCrunch

Thank you for taking the time to share your thoughts about LeaseCrunch, Karthika!

If you'd like to upload multiple leases at once, we recommend using our bulk import functionality. You can find the 'Bulk Import' button on the 'Add Leases' tab within the software with instructions on how to use it. If you have any questions, our support team would be happy to offer additional guidance as well. Hope this helps!

Eric B.
EB
CFO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

Ease of entering leases, Monthly journal entries and amotization schedules Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

The password requirements are too lengthy Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

Accounting for ASC 842 on a monthly and annual basis Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about LeaseCrunch?

The information accompanying the inputs is helpful where it will take you directly to the standard. Review collected by and hosted on G2.com.

What do you dislike about LeaseCrunch?

The journal entry report gets a little cumbersone. Most of our clients book the adjustment at year end so there's a couple manual steps to get the journal entry into an annual adjustment. Review collected by and hosted on G2.com.

What problems is LeaseCrunch solving and how is that benefiting you?

We have reported no problems Review collected by and hosted on G2.com.