Crunchafi, formerly known as LeaseCrunch, is a highly effective solution for managing lease accounting under both FASB and GASB standards. The platform generates accurate accounting entries and comprehensive amortization schedules, supporting a clean and compliant workflow. Its interface is intuitive and user-friendly, making navigation and implementation straightforward for accounting teams. The support team at Crunchafi is exceptionally knowledgeable and a pleasure to work with. They respond promptly to inquiries and demonstrated a strong commitment to resolving my concerns, even offering a Zoom call to provide additional clarification and walk through the issues in detail.

What I like best about Crunchafi Lease Accounting is how simple and accurate it makes compliance with the new lease accounting standards. As a non-profit with a single capital lease, the software takes what could be a complex and time-consuming process and automates it. It clearly tracks the lease details, calculates the amortization, and generates the monthly journal entries, which saves time and reduces the risk of errors. It also provides confidence that our lease is being accounted for correctly and consistently, which has been especially helpful from an audit standpoint. I only use the software for one lease, so my frequency in the software is minimal however very easy to navigate.

Crunchafi Lease Accounting has made the requirements of lease accounting fairly simple. Once the leases are set up, the monthly journal entries are very simple to run.