Lease data in. Policy-aligned journal entries, rollforwards, and documentation out. Crunchafi Lease Accounting connects with Thomson Reuters Guided Assurance so firms can automate ASC 842 procedures, standardize workpapers, and keep engagements moving inside the Cloud Audit Suite.
Automate ASC 842 procedures
Turn PPC lease checklists into guided workflows. Crunchafi automates key ASC 842 procedures, from lease inventory and classification through journal entries, roll forwards, and disclosures.
Work inside Guided Assurance
Keep audit teams in one environment. Lease workflows are designed to run in Thomson Reuters Guided Assurance, so staff follow a consistent process without jumping between tools or tracking spreadsheets offline.
Standardize documentation
Generate policy-aligned support every time. Crunchafi centralizes lease schedules, amortization tables, journal entries, and memo documentation so files look the same across teams, offices, and engagement years.
Strengthen file quality
Reduce last-minute scramble around leases. With automated calculations and structured documentation, firms improve consistency, reduce review time, and create a clear trail from PPC procedures to final workpapers.
Here’s where Crunchafi + Thomson Reuters stands out for CPA firms.
See Crunchafi’s suite of intuitive financial and accounting products in action and spend less time buried in spreadsheets.
Crunchafi and Thomson Reuters are collaborating to bring automated lease accounting workflows to firms using Guided Assurance. Crunchafi Lease Accounting handles the ASC 842 calculations, schedules, and journal entries while Guided Assurance provides the methodology-driven engagement environment. Together, they are designed to help firms standardize lease procedures and documentation inside the Cloud Audit Suite.
Instead of managing leases in separate spreadsheets and uploading support at the end, firms use Crunchafi to centralize lease data and automate the calculations. The resulting schedules, journal entries, and documentation are structured to align with Guided Assurance so lease work can be reviewed and attached in a consistent way. Teams spend less time on manual prep and more time on analysis and review.
Audit teams and technical accounting groups that manage ASC 842 for multiple entities or locations benefit the most. Firms that already rely on PPC methodology and Guided Assurance gain a way to automate leases without rebuilding processes from scratch. Clients gain clearer expectations and fewer back-and-forth requests as leases are handled through a structured, repeatable workflow.