# Cradle Accounting Reviews **Vendor:** Prophix **Category:** [Lease Accounting Software](https://www.g2.com/categories/lease-accounting) **Average Rating:** 4.9/5.0 **Total Reviews:** 45 ## About Cradle Accounting Watch a 6-minute demo here - https://www.cradleaccounting.com/insights/cradle-lease-accounting-demo Cradle is a cloud-based lease accounting software solution made by accountants for accountants. We pride ourselves on our ease of use, engineered for lease accounting compliance, and above and beyond customer support. Built to handle portfolios and company structures of any size, we've got your lease accounting covered. We have no smoke and mirrors regarding pricing. Unlike our competitors, you can sign up today with no sales calls or training required! Complying with the IFRS 16/ASC 842 financial reporting requirements will no longer be a time-consuming exercise if you use Cradle. All you need to do is input the contractual details, your accounting judgments (don't worry, we let you know which ones those are), and your lease accounting is done. We then calculate the lease liability and right of use asset and all financial reports, including disclosures. Our calculation methodology is accurate to the cent when compared to the examples provided by the standard setters. Finally, run the report of your choice -- journals, balance sheet, income statement, or disclosures for any date range. No need to stress about modification accounting either. Our intuitive UI means all changes are captured and easy to review. Furthermore, we offer a team of qualified accountants in customer support to answer any of your questions. We've made Cradle so you can focus on the critical areas of your business! ## Cradle Accounting Pros & Cons **What users like:** - Users commend the **exceptional customer support** of Cradle Accounting, noting quick responses and helpful assistance. (3 reviews) - Users laud the **user-friendly lease management** of Cradle Accounting, significantly reducing time spent on tasks and improving efficiency. (2 reviews) - Users find Cradle Accounting to be **very user friendly** , appreciating its impressive support and customer service availability. (1 reviews) - Users appreciate the **easy access** to lease agreements in Cradle Accounting, significantly improving efficiency and reducing effort. (1 reviews) - Users value the **responsive customer service** of Cradle Accounting, appreciating prompt demos and quick assistance with issues. (1 reviews) - Reporting (1 reviews) - Response Time (1 reviews) - Users experience a **significant time-saving** with Cradle Accounting, making lease management much more efficient and streamlined. (1 reviews) **What users dislike:** - Users experience **amortization issues** with Cradle Accounting, particularly in downloading schedules for multiple leases concurrently. (1 reviews) - Users find that Cradle Accounting's **implementation issues** complicate mass coding changes for leases post-deployment. (1 reviews) - Users find the **lease coding update process** in Cradle Accounting cumbersome and wish for a more efficient solution. (1 reviews) ## Cradle Accounting Reviews ### 1. User friendly software. **Rating:** 4.5/5.0 stars **Reviewed by:** austin c. | Audit Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** February 24, 2025 **What do you like best about Cradle Accounting?** Very user friendly compared to other lease programs. Our firm interviewed 3-4 different lease software and found this one to be the user friendly. Additionally, the help support team is actually there to help and provide customer service. **What do you dislike about Cradle Accounting?** As of right now, we are happy with cradle as a firm and have nothing negative to say about the program or their employees (customer service end) **What problems is Cradle Accounting solving and how is that benefiting you?** It is helping our firm calculate and properly amortize the right of use asset and related liability for several leases in multiple companies. Without this calculation assistance, it would take us a significant amount of time to calculate and re-calculate when modifications arise. ### 2. Cradle has simplified and expedited lease accounting and reporting **Rating:** 5.0/5.0 stars **Reviewed by:** Liz C. | Manager, Financial Reporting, Mid-Market (51-1000 emp.) **Reviewed Date:** September 25, 2024 **What do you like best about Cradle Accounting?** Managing our leases used to be a 3+ day effort by someone in financial reporting. It was managed in a spreadsheet, never fully reconciled and was prone to errors. Now it is a half day of effort. Reporting is also much quicker and having all agreements saved in the system for easy access has been a huge time saver. I would highly recommend Cradle! Whenever we've had questions, Cradle support has been available and very helpful. **What do you dislike about Cradle Accounting?** I have run into an issue where I need to make coding changes to a large number of leases. Cradle has an OK but not great solution for this. I wish there was an easier way to update coding to select leases within a Company after implementation. **What problems is Cradle Accounting solving and how is that benefiting you?** Managing our monthly IFRS 16 lease entries and monthly and quarterly reporting. ### 3. Ease of use **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Non-Profit Organization Management | Mid-Market (51-1000 emp.) **Reviewed Date:** July 14, 2025 **What do you like best about Cradle Accounting?** Auditors trust the Backup Documentation provided by Cradle Accounting software. Tech support is extremely helpful. **What do you dislike about Cradle Accounting?** none. all the features are great and easy understand. **What problems is Cradle Accounting solving and how is that benefiting you?** Lease Accounting - ACS 842 ### 4. Satisfaction of the service from Samson **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Primary/Secondary Education | Mid-Market (51-1000 emp.) **Reviewed Date:** August 08, 2024 **What do you like best about Cradle Accounting?** Cradle Accounting has a lot of features to make our life easier . It is user friendly and easy to navigate. Samson is very helpful and willing to work extra hours (on his birthday and at 1:00 AM) to make sure our queries is answered asap. **What do you dislike about Cradle Accounting?** I am new user, happy with the product, can't find anything I dislike. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle has the feature to populate balance sheet and disclosure report in one touch. I used to do it manually and it takes so long to do so. Also, I have a very good support from Samson. His knowledge is phenomenal. I can understand lease accounting just from few meetings. He is so persistent in giving us the best answer followed by the lease accounting rule to support his explanation. ### 5. Trial run **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Health, Wellness and Fitness | Mid-Market (51-1000 emp.) **Reviewed Date:** March 10, 2025 **What do you like best about Cradle Accounting?** The customer service: available to demo the product and quick responses on errors and questions. **What do you dislike about Cradle Accounting?** Custom reports to download the amortization schedules for multiple leases at same time **What problems is Cradle Accounting solving and how is that benefiting you?** Helping us transition to ASC 842 ### 6. Amazing software **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Non-Profit Organization Management | Small-Business (50 or fewer emp.) **Reviewed Date:** May 01, 2024 **What do you like best about Cradle Accounting?** I have been using this software for a while for ASC 842 leases, I use this software once or twice a year, and it is easy to remember how to use it, plus they have great tutorials and explanations behind the formulas which is great. The customer support is amazing, they waiting time for me has been 5 to 10 minutes in the chat, they are willing to jump in a zoom call where you can share your screen so it is easier than just going back and forth with emails. What immediately struck me was its simplicity. Navigating through its features is a breeze, and I didn't need to spend hours sifting through tutorials or help documents to get started. The pricing is reasonable considering the level of quality and support you receive. The implementation was very smooth, they schedule a training that covers anthing you need to know before you start using the software and it was easy to integrate it. I like the features that remind you when leases are about to expire and that you can get access to other people in your team. **What do you dislike about Cradle Accounting?** I don't have much to add here, as any new software, it takes a little bit of time to learn it but once you do, it is easy to remember how to pull reports, JE etc. **What problems is Cradle Accounting solving and how is that benefiting you?** To calculate the right-of-use asset and a lease liability for the leases so I can enter the journal entries in quickbooks. ### 7. Help to set up a lease **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Oil & Energy | Small-Business (50 or fewer emp.) **Reviewed Date:** August 02, 2024 **What do you like best about Cradle Accounting?** Samson was an absolute big help, I called him knowing nothing and he was so pacient and explained everything I needed to know for the creation of leases in Cradle, plus he sent extra links in case I need more support. **What do you dislike about Cradle Accounting?** In my point of view, there's nothing I would complaint about. **What problems is Cradle Accounting solving and how is that benefiting you?** It's making so much easier the administration of our leases. ### 8. Onboarding Experience - Fantastic **Rating:** 5.0/5.0 stars **Reviewed by:** Mengting Y. | Small-Business (50 or fewer emp.) **Reviewed Date:** April 19, 2024 **What do you like best about Cradle Accounting?** First of all, they are super attentive and knowledgeable. Most importantly, they are extremely patient in listening to all of your concerns and questions, and are willing to provide solutions. This is of significant importance to customers. **What do you dislike about Cradle Accounting?** It would be beneficial if Cradle's articles, resources, and Excel templates included source links. **What problems is Cradle Accounting solving and how is that benefiting you?** The Tenant Improvement Allowance in our lease contract is quite tricky due to the TIA structure and setup. However, Brendan and Samson were able to analyze the difficulties and provide solutions with reference links. That is super amazing! It makes Cradle Accounting more useful, providing knowledge not only to users but also to auditors! ### 9. Cradle software is easy to use with great online support **Rating:** 5.0/5.0 stars **Reviewed by:** Agnes H. | Enterprise (> 1000 emp.) **Reviewed Date:** February 29, 2024 **What do you like best about Cradle Accounting?** Software functions are easy to understand. Navagation is logical. After a 30-minute tutorial, I was up and running. Cradle can generate all necessary entries and disclosure for reporting which is a time saver. Our company only uses Cradle to make once a year entries for about 10 entities. Ease of use is definitely a big plus becasue we will be able to figure out quickly and continue with our updates. Service response time is excellent. Samson, who I call all the time, is very good at identify my issues and usually provide solutions on the same call. With more complicated reqeusts, the call back was within couple hours. I feel pricing of Cradle is very reasonable. **What do you dislike about Cradle Accounting?** Perhaps Audit trail should be bundled in as part of the base product. I was not involved with initial implementation and integration, maybe it was offerred; but, we did not pick up on it. **What problems is Cradle Accounting solving and how is that benefiting you?** SCE842 annual disclosure entries in audit statements. ### 10. Exceptional support for use of software and to technical advice on the Accounting Standard - ASC 842 **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** July 21, 2024 **What do you like best about Cradle Accounting?** The timely tech support waas exceptional for me to be able to continue to work with little down time. The tutorial for the background of ASC-842 were better than the AICPA official publication for ease of understanding **What do you dislike about Cradle Accounting?** I have no compaints about Cradle and aas a user it took very little time to understand.. **What problems is Cradle Accounting solving and how is that benefiting you?** The background calculations for documentation for a Reviewed Financial Statmenet and related workpapers for disclosures, accounting journal entries, and Net Present Value computations. ### 11. Concise and straight to the point. **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Farming | Mid-Market (51-1000 emp.) **Reviewed Date:** April 29, 2024 **What do you like best about Cradle Accounting?** The fact that it is all automated. Once the agreements have been added running reports is the easiest thing to do. I also really enjoy the fact that I can run the report for any time period and nothing is affected. The customer support is very detailed and quick to reply. **What do you dislike about Cradle Accounting?** My only gripe would be the simplicity being a little too simple? I would like there to be an option to choose specific entries that are needed instead of the preset, it makes it a bit limited on what we can do. **What problems is Cradle Accounting solving and how is that benefiting you?** Creating journal entries is extremely easy and I like that I do not have to select every detail when running reports. ### 12. Awesome Software, Amazing Support! **Rating:** 5.0/5.0 stars **Reviewed by:** Alyssa F. | Mid-Market (51-1000 emp.) **Reviewed Date:** February 19, 2024 **What do you like best about Cradle Accounting?** We used this software in the adoption of ASC 842 and for our journal entries each month to stay in compliance with the standard. It has everything we need. I love how supportive the team was in getting us up and loaded when we were adopting ASC842. In particular, Samson, has gone out of his way several times to help, even staying on zoom with me for an hour before an audit deadline to figure something out. I have never received such great customer support with any software! Keep doing what you are doing up on MT. Cradle. We appreciate all of your help! **What do you dislike about Cradle Accounting?** No particular dislikes, it would be more convenient if the journal entry had 2 rows for debits and credits, but it gets the job done! **What problems is Cradle Accounting solving and how is that benefiting you?** It helped us to adopt ASC 842 and with any future reporting associated with the standard. ### 13. Lease accounting software **Rating:** 5.0/5.0 stars **Reviewed by:** Sarah B. | Chief Financial Officer, Mid-Market (51-1000 emp.) **Reviewed Date:** February 28, 2024 **What do you like best about Cradle Accounting?** Cradle called me a day after getting an error to follow-up. The service is outstanding. I love the ease of this software and was able to convert 2 leases under ASC 842. Additionally, Samson Wai was doubly helpful to not only address the error (which was my error), he walked me through the lease and methodology. He was very knowledgeable and helped me finalize the lease booking. Thank you! Sarah - Sacramento, CA. **What do you dislike about Cradle Accounting?** No complaints. I'd recommend Cradle to other accountants / finance professionals. **What problems is Cradle Accounting solving and how is that benefiting you?** Booking a lease under ASC 842. ### 14. Samson took its time explaining process **Rating:** 5.0/5.0 stars **Reviewed by:** Omar P. | Mid-Market (51-1000 emp.) **Reviewed Date:** March 08, 2024 **What do you like best about Cradle Accounting?** Samson was helpful in the process. He answered my questions and provided valuable information on what to check what needed to be added to the system and how to check for errors. Thank you, Samson **What do you dislike about Cradle Accounting?** At this time I don't have anything that I dislike **What problems is Cradle Accounting solving and how is that benefiting you?** The leasing accounting potion for our books and auditors. ### 15. Easy to use **Rating:** 5.0/5.0 stars **Reviewed by:** Krystie W. | Mid-Market (51-1000 emp.) **Reviewed Date:** February 20, 2024 **What do you like best about Cradle Accounting?** Just started using cradle and seem like it is easy to use. The customer suppose was very helpful and was willing to walk through anything i had questions on. **What do you dislike about Cradle Accounting?** Haven't used Cradle alot so i can't say i dislike anything about it. **What problems is Cradle Accounting solving and how is that benefiting you?** Easy to pull reports and set up need leases ### 16. great lease software! **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** May 02, 2024 **What do you like best about Cradle Accounting?** Cradle is very east to anvigate once you go thru the tutorial. the format of it is very user friendly. **What do you dislike about Cradle Accounting?** It makes complying with ASU 842 realitively simple. Gives you everything ypu need to prepare your financial statments. **What problems is Cradle Accounting solving and how is that benefiting you?** helps us to be able to make the needed calcualtions with ease. ### 17. Lease Accounting ASC 842 **Rating:** 5.0/5.0 stars **Reviewed by:** Howard G. | Small-Business (50 or fewer emp.) **Reviewed Date:** March 21, 2024 **What do you like best about Cradle Accounting?** Cradle was user friendly and customer was excellent. **What do you dislike about Cradle Accounting?** Some on the footnote disclosures were hard to navigate. Customer support was helpful. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle is helping to implement the required disclosures under ASC 842. ### 18. Cradle Accounting is great at lease calculation and management **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Electrical/Electronic Manufacturing | Mid-Market (51-1000 emp.) **Reviewed Date:** July 17, 2024 **What do you like best about Cradle Accounting?** Saving time at lease calculation, which simplify the year-end tast. Also reminder could be set-up, which makes lease contract management easier. **What do you dislike about Cradle Accounting?** It does not inlcude Deferred Tax calculation. **What problems is Cradle Accounting solving and how is that benefiting you?** Saving time at lease calculation, which simplify the year-end tast. Also reminder could be set-up, which makes lease contract management easier. ### 19. Cradle is an easy solution for complicated standards **Rating:** 5.0/5.0 stars **Reviewed by:** Garrett M. | Controller, Small-Business (50 or fewer emp.) **Reviewed Date:** December 08, 2023 **What do you like best about Cradle Accounting?** The wizard for setting up a lease is so easy and perfectly flexible for odd situations. Being able to export the entirety of the related journal entries into excel makes it perfect to be able to book our entire lease and set it and forget it. It's really great! **What do you dislike about Cradle Accounting?** Nothing so far! It's been a smooth and easy product to use. **What problems is Cradle Accounting solving and how is that benefiting you?** If I didn't have this as an option, I likely would not be following the accounting standards as I need to. ### 20. Cradle Accounting Software **Rating:** 5.0/5.0 stars **Reviewed by:** David H. | Partner, Small-Business (50 or fewer emp.) **Reviewed Date:** March 05, 2024 **What do you like best about Cradle Accounting?** The best thing about Cradle Accounting is the reporting function that enables us to integrate them into our clients' financial statements. In addition the customer support provided by Samson Wai is excellent. His patience and knowledge of the software made the learning curve easier to manage. **What do you dislike about Cradle Accounting?** The large learning curve, however Samson Wai made it easier to navigate. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle Accounting Software has made the implementation of ASC 842 smooth. ### 21. It is very easy to use **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Food Production | Mid-Market (51-1000 emp.) **Reviewed Date:** April 29, 2024 **What do you like best about Cradle Accounting?** Cradle is very easy to use. Customer support was excellent **What do you dislike about Cradle Accounting?** I haven't noticed anything specific within Cradle yet. **What problems is Cradle Accounting solving and how is that benefiting you?** We are switching over to Cradle as our contract with the previous provider is up ### 22. Comprehensive Lease Management **Rating:** 5.0/5.0 stars **Reviewed by:** Arrian U. | Small-Business (50 or fewer emp.) **Reviewed Date:** March 27, 2024 **What do you like best about Cradle Accounting?** I like the flexibility and the user friendly of the software. **What do you dislike about Cradle Accounting?** I do not have any dislike except signing in is a challenge it doesn't save the password. **What problems is Cradle Accounting solving and how is that benefiting you?** Lease calculation ### 23. Friendly based software **Rating:** 5.0/5.0 stars **Reviewed by:** Catalina C. | Mid-Market (51-1000 emp.) **Reviewed Date:** April 24, 2024 **What do you like best about Cradle Accounting?** I found it friendly and easy to navigate **What do you dislike about Cradle Accounting?** I compared assets and liabilities which are not a requirements in Disclosure **What problems is Cradle Accounting solving and how is that benefiting you?** ASC Disclosure requirement ### 24. Customer support was quick and helpful **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** June 02, 2024 **What do you like best about Cradle Accounting?** Easy to use, reasonable pricing, ease of implmentation and great customer support **What do you dislike about Cradle Accounting?** Item description and a few sample scenarios will be more helpful **What problems is Cradle Accounting solving and how is that benefiting you?** No need to figure out the discount rate, monthly or annual journal entries ### 25. The Perfect solution for lease accounting **Rating:** 5.0/5.0 stars **Reviewed by:** Wade S. | Small-Business (50 or fewer emp.) **Reviewed Date:** September 18, 2023 **What do you like best about Cradle Accounting?** It's designed by a team that understands what accountants want and need. It is also cost effective for a small business and yet provides the same look and feel like a Big 4 accounting experience. **What do you dislike about Cradle Accounting?** Nothing that I can think of. We see this as a much better option than what else is available in the marketplace. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle is providing the essentials for lease accounting that we cannot find anywhere else without committing significantly more resources. We have a tool that is more than scalable. ### 26. I'm a CPA that uses Cradle for accounting purposes. **Rating:** 5.0/5.0 stars **Reviewed by:** Oscar F. | Small-Business (50 or fewer emp.) **Reviewed Date:** March 20, 2024 **What do you like best about Cradle Accounting?** I like how user friendly it is. I use it frequently **What do you dislike about Cradle Accounting?** There's nothing to dislike about Cradle Accounting **What problems is Cradle Accounting solving and how is that benefiting you?** Calculating the Right of Use Asset and Liability ### 27. Cradle Accounting for ASC842 **Rating:** 5.0/5.0 stars **Reviewed by:** Ty M. | Mid-Market (51-1000 emp.) **Reviewed Date:** August 23, 2023 **What do you like best about Cradle Accounting?** The ease of use was a big benefit to us. Also the customer service has been fantastic. **What do you dislike about Cradle Accounting?** We have not found any downsides at the moment, we don't have many leases so we are not using it to its fullest capability at the moment. **What problems is Cradle Accounting solving and how is that benefiting you?** Having Cradle it has made it so easy to get compliant with ASC842 for our implementation year and will allow us to keep up each month or do one entry at year end. It will also give our auditors all the information they need for the audit. ### 28. New user so appreciate the user-friendly system **Rating:** 5.0/5.0 stars **Reviewed by:** Kim P. | Small-Business (50 or fewer emp.) **Reviewed Date:** November 08, 2023 **What do you like best about Cradle Accounting?** The ease of reporting once the information is entered. Brendan Doyle's trainings are great! **What do you dislike about Cradle Accounting?** It appears there is ambiguity with the market value used but this is not a system issue. **What problems is Cradle Accounting solving and how is that benefiting you?** The system is calculating the monthly JEs we are required to make per lease accounting rules. ### 29. Cradle a great tool! **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** November 07, 2023 **What do you like best about Cradle Accounting?** Cradle Accounting is easy to use, if you are not sure of any items, they have a wealth of resources to guide you. If you are still unsure you can always call your sales representative for additioanl insight. **What do you dislike about Cradle Accounting?** At this time I cannot think of any downside to the product. **What problems is Cradle Accounting solving and how is that benefiting you?** The recording of leases under ASC845;ASC606 ### 30. Great functionality for leases with a simplified and easy-to-use program. **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Transportation/Trucking/Railroad | Mid-Market (51-1000 emp.) **Reviewed Date:** August 23, 2023 **What do you like best about Cradle Accounting?** All lease requirements per AASB16 can be reported and consolidated into one space, saving time and eliminating the chance of error. It allows reporting and disclosure to be more accurate, transparent, and efficent. **What do you dislike about Cradle Accounting?** Nothing significant to note. Potentially an option to downgrade in functionality (and therefore price), although Cradle is the most reasonably priced software regardless. **What problems is Cradle Accounting solving and how is that benefiting you?** Manual Lease calculations (via spreadsheets) can now be discarded, with increased accuracy and efficiency for the user. Lease reporting for the business can now be more relied upon with user value being able to be utilised elsewhere. ### 31. Any time I needed help or had questions, the support at Cradle has always been superb and helpful. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** March 20, 2024 **What do you like best about Cradle Accounting?** Cradle Accounting is user friendly and easy to navigate. **What do you dislike about Cradle Accounting?** There is nothing I dislike about Cradle. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle has helped my firm deal with ASC 842. ### 32. Made compliance and reporting easy **Rating:** 5.0/5.0 stars **Reviewed by:** Manpreet K. | Mid-Market (51-1000 emp.) **Reviewed Date:** September 12, 2023 **What do you like best about Cradle Accounting?** Its ease of use, reporting journals function. **What do you dislike about Cradle Accounting?** We can add some more custom reports or most popular reports **What problems is Cradle Accounting solving and how is that benefiting you?** Ease of accounting, journals, audits and compliance ### 33. Cradle Accounting software is a great help to us! **Rating:** 5.0/5.0 stars **Reviewed by:** Julie S. | Mid-Market (51-1000 emp.) **Reviewed Date:** February 24, 2023 **What do you like best about Cradle Accounting?** Cradle Accounting is incredibly user-friendly with an intuitive environment. Setting up a new lease with the classification questions, help links, and step-by-step format is straightforward. We can instantly see accounting results to verify the accuracy. Reporting is quick and extensive, easily accomplished at the click of a button. Simple to create email reminders are a great tool too. **What do you dislike about Cradle Accounting?** The only thing I wish for is pre-defined reporting periods by fiscal year. Not a big deal since custom periods can be selected, but it would be nice to have them. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle Accounting is a time saver. The accuracy of transaction calculations can be trusted, and we don't need to create and maintain our own complicated spreadsheets which may be subject to error. ### 34. Cradle accounting - Best user experience of all the ASC 842 platforms I have used **Rating:** 5.0/5.0 stars **Reviewed by:** Pat K. | Director of Accounting, Enterprise (> 1000 emp.) **Reviewed Date:** March 02, 2023 **What do you like best about Cradle Accounting?** Incredible customer service and the most user friendly service of all the ASC 842 platforms I tested. The implementation team walked me through the product numerous times and was an absolute delight to work with. They had the most reasonable price and would recommend to ANYONE! **What do you dislike about Cradle Accounting?** Nothing. Cradle is simply the best and i'm very glad that we partnered with them! **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle helped bridge the gap (no pun intended) from ASC 840 to ASC 842. The ease of data input and exquisite reporting is extremely easy to follow. LOVE the product! ### 35. Excellent Product **Rating:** 5.0/5.0 stars **Reviewed by:** Adam T. | Senior Manager, Mid-Market (51-1000 emp.) **Reviewed Date:** January 17, 2023 **What do you like best about Cradle Accounting?** The software interface is very intuitive and easy to use. I also love the links to the standards and question mark explanations on the input fields. **What do you dislike about Cradle Accounting?** I've been trying to find the user guide that has links to example financial statements (public companies) - hard to find. **What problems is Cradle Accounting solving and how is that benefiting you?** Implementing ASC 842 for our clients. It benefits me by helping me implement this complicated standard required for my engagements. ### 36. Cradle Accounting - easy-to-use software for ASC 842 reporting **Rating:** 5.0/5.0 stars **Reviewed by:** Caleb S. | Enterprise (> 1000 emp.) **Reviewed Date:** March 03, 2023 **What do you like best about Cradle Accounting?** The one-on-one walkthrough with the Cradle Team made learning the platform fast and straightforward. The ease of use is great and the price is amazing! **What do you dislike about Cradle Accounting?** I have no complaints about Cradle Accounting. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle Accounting is helping with the transition from ASC 840 to ASC 842. ### 37. Cradle accounting - best experience of all ASC 842 platforms ever personally used **Rating:** 5.0/5.0 stars **Reviewed by:** Josh G. | Enterprise (> 1000 emp.) **Reviewed Date:** March 02, 2023 **What do you like best about Cradle Accounting?** Overall best ASC 842 softwares I have used. Customer service has always been excellent. Would recommend to anyone! **What do you dislike about Cradle Accounting?** No issues on my end. Very happy we have moved forward with Cradle. **What problems is Cradle Accounting solving and how is that benefiting you?** Bridged gap from ASC 840 and ASC 842. Love the product! ### 38. Great Experience - Highly Recommend **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** January 18, 2023 **What do you like best about Cradle Accounting?** Very user-friendly interface, beneficial resources, and excellent customer service. Brendan has been fantastic to work with. We interviewed a few other lease services companies, and I'm happy we chose Cradle. **What do you dislike about Cradle Accounting?** To date, I don't have one bad thing to say. As I said, the customer service is superior. **What problems is Cradle Accounting solving and how is that benefiting you?** ASC 842 implementation from start to finish, calculation of operating and financing leases and disclosures. ### 39. Amazing lease software for IFRS 16 **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Consumer Services | Mid-Market (51-1000 emp.) **Reviewed Date:** July 14, 2022 **What do you like best about Cradle Accounting?** Brendan made the experience seamless. Best IFRS 16 Lease software on the market. Super simple and easy to use, was entering and exporting journals within 5 minutes of using the tool. Minimal guidance required for an experienced accountant. Saved our teams a lot of work excel crunching. Would 100% recommend. Even has amazing disclosure exports and consolidation tools. Seamless integration. Thanks! **What do you dislike about Cradle Accounting?** No downsides. All questions were answered by the help support pages and our account manager. Very quick and easy. Price could be cheaper however, the cost saving over weighed this. **What problems is Cradle Accounting solving and how is that benefiting you?** Cradle allowed us to have all of our lease accounting, disclosure, journals and consolidation in one simple to use platform. Super easy to use. Out of the box and setup within 10-15 minutes. ### 40. Elite Dental Partners - Cradle Accounting Review **Rating:** 4.5/5.0 stars **Reviewed by:** Jim F. | VP of Finance, Mid-Market (51-1000 emp.) **Reviewed Date:** October 04, 2022 **What do you like best about Cradle Accounting?** Simplified, easy to use and achieves the needed outcomes. Reporting meets any requirements. Help function is excellent. **What do you dislike about Cradle Accounting?** Nothing to this point. One open question is assurance that amortization is monthly. **What problems is Cradle Accounting solving and how is that benefiting you?** Compliance with ASC 842 for 100+ operating property leases. ### 41. Implementation was easy and the reports give us exactly what we need to book! **Rating:** 5.0/5.0 stars **Reviewed by:** Rondinella O. | senior accountant, Mid-Market (51-1000 emp.) **Reviewed Date:** August 02, 2022 **What do you like best about Cradle Accounting?** The reports are easy to use and pull and contain all the information we need for our journal entries and BS reconciliations. **What do you dislike about Cradle Accounting?** You need to upgrade by 10 leases. You can't do less. **What problems is Cradle Accounting solving and how is that benefiting you?** We needed to book our leases as right of use assets. Cradle does the present value calculations. ### 42. It has been a pleasure so far working with the Cradle team. **Rating:** 4.5/5.0 stars **Reviewed by:** David R. | Chief Financial Officer, Mid-Market (51-1000 emp.) **Reviewed Date:** June 28, 2022 **What do you like best about Cradle Accounting?** They have helped us greatly in the setup process. Truly great customer service! **What do you dislike about Cradle Accounting?** At this point, we don't have any dislikes. We did a thorough evaluation before committing to the product. **Recommendations to others considering Cradle Accounting:** You should check it out and try the 30 day demo. **What problems is Cradle Accounting solving and how is that benefiting you?** Conforming to the new 842 requirements. Also, centralized location of non-lease data, such as landlord information. ### 43. Great software for small companies for great price **Rating:** 5.0/5.0 stars **Reviewed by:** Cody G. | VP/Controller, Mid-Market (51-1000 emp.) **Reviewed Date:** February 11, 2022 **What do you like best about Cradle Accounting?** The software is user friendly, affordable for small companies, and the support has been excellent. **What do you dislike about Cradle Accounting?** Haven't really ran into any issues or features that I dislike. **Recommendations to others considering Cradle Accounting:** It's a great product at a great price compared to other lease software I've researched, especially for a financial institution with a limited amount of leases. **What problems is Cradle Accounting solving and how is that benefiting you?** I did not want to try and do the lease discounted cash flows through excel so I researched software that could do it for me. Cradle is great because it allows me to export the journal entries directly into my accounting software. ### 44. Great experience!!! **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Consumer Services | Mid-Market (51-1000 emp.) **Reviewed Date:** February 09, 2022 **What do you like best about Cradle Accounting?** Cradle is very user-friendly. I am happy to say it does a great job when it comes to organizing the 60+ leases that we keep in our excel file. You have the option to customize your leases based on the company's preference. For example, you can choose what to add/remove from your dashboard! There are also many reports available for download. **What do you dislike about Cradle Accounting?** Everything has been great with Cradle so far! Something that would really help is if Cradle added a CAM field for all agreements. It helps keep the base rent separate from CAM charges. **What problems is Cradle Accounting solving and how is that benefiting you?** I can stay up to date and consistent with new laws regarding leases! It provides reports/entries for each month! ### 45. Very easy to use and organize **Rating:** 5.0/5.0 stars **Reviewed by:** Fahad Z. | Manager, Mid-Market (51-1000 emp.) **Reviewed Date:** February 01, 2022 **What do you like best about Cradle Accounting?** it is very user friendly and easy to export data **What do you dislike about Cradle Accounting?** there's nothing we dislike about the software **Recommendations to others considering Cradle Accounting:** Currenlty i cant think of any recommendations **What problems is Cradle Accounting solving and how is that benefiting you?** WE use cradle for all our shop leases and expense management ## Cradle Accounting Discussions - [Can I use your product without training?](https://www.g2.com/discussions/25082-can-i-use-your-product-without-training) - 1 comment, 1 upvote - [Are you the best price solution on the market?](https://www.g2.com/discussions/25081-are-you-the-best-price-solution-on-the-market) - 1 comment, 1 upvote - [Microsoft Excel uses a different calculation methodology to the IFRS standard setters. What do you use?](https://www.g2.com/discussions/25077-microsoft-excel-uses-a-different-calculation-methodology-to-the-ifrs-standard-setters-what-do-you-use) - 1 comment, 1 upvote - [Have you tested the numbers?](https://www.g2.com/discussions/25076-have-you-tested-the-numbers) - 1 comment, 1 upvote - [Does Cradle offer integration with my ERP?](https://www.g2.com/discussions/25075-does-cradle-offer-integration-with-my-erp) - 1 comment, 1 upvote - [View Cradle Accounting pricing details and edition comparison](https://www.g2.com/products/cradle-accounting/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-14+10%3A23%3A40+-0500&secure%5Bsession_id%5D=c88ed290-0765-4994-b144-e1b20b565795&secure%5Btoken%5D=a935b4daca95696c9b2963d261db69dfcfd2f7f357a86ac200230d1a1c1a7db7&format=llm_user) ## Cradle Accounting Features **Functionality** - Lease Audit - Financial Management - Portfolio Administration - Critical Date Alarms **Integration** - Real Estate - ERP System **Automation** - Reporting - Lease Data **Operational** - Regulatory Compliance - Accessibility **Agentic AI - Lease Accounting** - Autonomous Task Execution - Multi-step Planning - Cross-system Integration - Proactive Assistance - Decision Making ## Top Cradle Accounting Alternatives - [LeaseQuery powered by FinQuery](https://www.g2.com/products/leasequery-powered-by-finquery/reviews) - 4.6/5.0 (508 reviews) - [Visual Lease](https://www.g2.com/products/visual-lease/reviews) - 4.4/5.0 (370 reviews) - [CoStar Real Estate Manager](https://www.g2.com/products/costar-real-estate-manager/reviews) - 4.4/5.0 (307 reviews)