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 Crunchafi Lease Accounting will reclass the next 12 months of lease liability from long-term liability to short-term liability.
Liability due in the next 12 months may not be in line with lease payments occurring in the next 12 months.