ASC 842 has been a monumental challenge for our firm because we have a relatively small audit department yet we have a handful of clients with in excess of 100 lease commitments each. Leasecake streamlined the implementation process for us by doing all of the heavy lifting and providing us with the journal entries, disclosures, and amortization schedules, and they were readily available to us for any questions we had throughout the entire process.

One-stop shop for your lease, accounting and contract needs

I have 80 leases to manage and Leasecake extracts each lease and tracks all the information and important data as well as any customized info I may want captured or stored. It sends me reminders so I never miss an important date, whether it is an option to renew, a sales report to a landlord, a Franchise Agreement renewal or even due property taxes. Leasecake houses all the important data and lets me access it anytime and anywhere on any device. Losing a lease can cost you a business, Leasecake takes that worry away. Another nice feature is you can upload anything you want to the portal. Be it Certificates of Occupancy, an invoice or key data, store whatever you desire.