Crunchafi Lease Accounting review

Crunchafi, which sold its lease product as LeaseCrunch, builds lease accounting around the way accounting firms work. Its Dual Access feature lets a CPA firm and its client work in the same dashboard: the client enters lease data, the firm reviews it, and both can export journal entries, amortization schedules and footnote disclosures without trading spreadsheets. An AI feature reads an uploaded lease and fills in the term, dates and asset details. Coverage is wide for a mid-market tool: ASC 842, IFRS 16, FRS 102 Section 20 and GASB 87, 94 and 96, for both lessees and lessors. Crunchafi publishes annual SOC 1 Type II and SOC 2 Type II reports and says 750+ CPA firms and 30,000+ organizations use the product. Training comes live and on demand from a team that includes CPAs and former FASB staff. The pricing page lists features but no prices, so expect a sales conversation.

Who it is for

CPA firms and the companies they serve

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Journal entries, amortization schedules and footnote disclosures at the push of a button
• Dual Access: firms and clients enter lease data and generate reports from one dashboard
• AI reads an uploaded lease contract to fill in term, start and end dates and asset details
• Lessee and lessor reporting under ASC 842, IFRS 16, FRS 102 and GASB 87, 94 and 96
• Annual SOC 1 Type II and SOC 2 Type II reports

Strengths and weaknesses

• Strength: Used by 750+ CPA firms and 30,000+ organizations, per Crunchafi
• Strength: Live and on-demand training from a team that includes CPAs and former FASB staff
• Strength: Covers GASB 94 and 96 as well as GASB 87
• Weakness: No published prices on the pricing page
• Weakness: Workflow is designed around the CPA firm and client relationship
• Weakness: Fewer lease administration features than Occupier or Visual Lease

Key facts

• Standards: ASC 842, IFRS 16, FRS 102, GASB 87, 94, 96
• Users: 750+ CPA firms, 30,000+ organizations
• Security: SOC 1 Type II and SOC 2 Type II
• Formerly: LeaseCrunch

Where it ranks

Crunchafi Lease Accounting is No. 3 in our Best Lease Accounting Software verdict.