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LeaseCrunch description
LeaseCrunch is cloud-based software designed to make lease accounting simpler. It helps businesses and accounting firms of all sizes comply with new lease accounting standards like ASC 842. LeaseCrunch lets you manage all your leases in one place, offers tools for collaboration, and provides reports for audits. Its standout features are ease of use and scalability, making it suitable for managing a single lease or thousands.
Who is LeaseCrunch best for
LeaseCrunch simplifies lease accounting with automation and an intuitive design. Users praise its ease of use and helpful customer support. However, some find the initial setup time-consuming and report slow download speeds. It's best for small to medium businesses needing to comply with lease accounting standards like ASC 842.
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Best fit for small to medium-sized businesses (1-1000 employees) needing lease accounting software.
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Ideal for finance, banking, insurance, manufacturing, education, real estate, construction, government, and automotive industries.
LeaseCrunch features
| Supported LeaseCrunch automates calculations, journal entries, and disclosures, simplifying compliance with standards like ASC 842. |
| Supported LeaseCrunch offers a cost-effective way to manage even one lease, optimizing resource use. |
| Supported LeaseCrunch supports compliance with ASC 842, IFRS 16, GASB 87, GASB 94, and GASB 96. |
| Supported LeaseCrunch allows data export to spreadsheets, facilitating import into ERP systems. |
| Supported LeaseCrunch simplifies compliance through automation and an intuitive interface. |
| Supported LeaseCrunch features an intuitive interface for streamlined implementation and ease of use. |
| Supported LeaseCrunch supports both lessees and lessors, navigating the complexities of new lease standards. |
LeaseCrunch reviews
We've summarised 65 LeaseCrunch reviews (LeaseCrunch Software Advice reviews, LeaseCrunch Capterra reviews and LeaseCrunch G2 reviews) and summarised the main points below.
- User-friendly interface praised for its simplicity and ease of use.
- Excellent customer support, readily available and helpful throughout implementation.
- Seamless integration with accounting software and easy export to Excel.
- Efficiently handles lease accounting calculations, saving significant time and effort.
- Provides comprehensive reports, including monthly journal entries and footnote disclosures.
- Slow report download speeds can be frustrating.
- Initial setup can be time-consuming for first-time users.
- Limited allocation capabilities, capped at 10, require manual data entry for organizations with numerous business units.
- Quarterly reporting requires manual manipulation of footnote disclosures.
- Per-lease billing can feel cumbersome.
LeaseCrunch pricing
The commentary is based on 12 reviews from LeaseCrunch G2 reviews and LeaseCrunch Software Advice reviews.
LeaseCrunch is considered cost-effective for lease accounting, especially for small to medium-sized businesses. While some users find the per-lease pricing model expensive, many believe the software offers good value, simplifying ASC 842 and GASB lease compliance. A few users would appreciate a free option for those with minimal leases.
See the LeaseCrunch pricing page.
Starter
Pay as you go plan for managing small lease portfolios with minimal visibility into lease count.
Professional
Plan for firms managing mid-size lease portfolios with an upfront commitment for 8 leases and a discounted price for additional leases.
Enterprise
Custom pricing plan for CPA firms with clients who need lease accounting software and support.
Starter
Pay as you go plan for companies managing smaller lease portfolios.
Professional
Plan for organizations managing mid-size lease portfolios with upfront payment for 8 leases and a discount for additional leases.
Enterprise
Custom pricing plan for organizations with complex, large, or growing lease portfolios.
LeaseCrunch alternatives
AMTdirectBetter for retail, consumer goods, hospitality, and energy sectors. AMTdirect has stronger website traffic growth momentum. However, user reviews mention system instability and a clunky report builder.Read more
TenantCloudBetter for property management companies of all sizes. Has website traffic growth momentum. Focuses on features like online rent payments and maintenance requests.Read more
Visual LeaseBetter for enterprise clients with complex lease portfolios. Has stronger website traffic growth, but slower employee growth. A LeaseCrunch alternative focused on real estate and equipment leases.Read more
OfficeRnD FlexBetter for managing coworking spaces and hybrid work environments. More user-friendly, but less reliable.Read more
SpacebaseBetter for mid-size and large businesses. Has stronger momentum. A LeaseCrunch competitor and alternative.Read more
Windward System FiveBetter for retail businesses needing point-of-sale, inventory, CRM, and accounting features. More suitable for small to medium businesses.Read more
LeaseCrunch FAQ
What is LeaseCrunch and what does LeaseCrunch do?
LeaseCrunch is cloud-based lease accounting software that simplifies compliance with ASC 842, IFRS 16, and other standards. It automates calculations, journal entries, and reporting, offering an intuitive interface and scalability for managing single or multiple leases. It's ideal for accounting firms and businesses of all sizes.
How does LeaseCrunch integrate with other tools?
LeaseCrunch integrates with other accounting software and allows for data export to spreadsheets for import into ERP systems. This facilitates smooth data flow and enhances compatibility with existing financial systems.
What the main competitors of LeaseCrunch?
LeaseCrunch's main competitors include AMTdirect, Visual Lease, and Spacebase. These alternatives offer similar lease accounting and management features, catering to various business sizes and compliance needs.
Is LeaseCrunch legit?
LeaseCrunch is a legitimate cloud-based lease accounting software. User reviews praise its user-friendly interface and excellent customer support. It simplifies ASC 842 compliance, although some users find the initial setup time-consuming and report download speeds slow.
How much does LeaseCrunch cost?
LeaseCrunch pricing varies by user type and lease volume. CPA firms can choose between the $200/lease Starter, $1200 (up to 8 leases) Professional, or a custom Enterprise plan. Companies have similar options, with the Starter at $300/lease and the Professional plan starting at $2000 for up to 8 leases. Contact LeaseCrunch for Enterprise pricing.
Is LeaseCrunch customer service good?
LeaseCrunch receives overwhelmingly positive feedback regarding customer support. Users consistently praise the readily available and helpful support team, highlighting their assistance during implementation and ongoing use. While some users found the initial setup time-consuming, the excellent customer service made the process smoother.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.