Does Crunchafi handle the monthly reclass between short-term liability and long-term liability?
Crunchafi Lease Accounting will reclass the next 12 months of lease liability from long-term liability to short-term liability.
The monthly journal entry from the Lease Accounting software will reclass the next 12 months of lease liability from Long Term Liability to Short Term Lease Liability.
Liability due in the next 12 months may not be in line with lease payments occurring in the next 12 months.