It streamlines lease accounting, ensuring compliance with accounting standards and helping organisations efficiently manage, calculate, and report on leases—saving time and minimising errors.

Any UK or Republic of Ireland entity that holds leases as a lessee or lessor. This includes companies, LLPs, charities, and public benefit entities that are not eligible for FRS 105. The revised standard is effective for periods beginning on or after 1 January 2026. Learn more.

Yes. Crunchafi ensures compliance with FRS 102 and IFRS 16, as well as US accounting standards FASB ASC 842 and GASB 87, 94, & 96. The software allows all standards to be managed in the same platform.

Both standards use a single on-balance-sheet model for lessees: a right-of-use asset and a corresponding lease liability. The key differences are in scope, disclosure requirements, and available exemptions. FRS 102 applies to UK and Irish entities reporting under UK GAAP; IFRS 16 applies to entities reporting under IFRS. FRS 102 also offers short-term and low-value lease exemptions with slightly different thresholds. Learn more.

Maintaining your own spreadsheets is increasingly risky, inefficient, and costly as lease accounting requirements grow more complex and leases change over time. Specialised lease accounting software provides stronger controls, automation, collaboration, and audit readiness.

Crunchafi Lease Accounting generates journal entries, amortisation schedules, and detailed disclosure reports for both medium and large entities as well as disclosures under section 1A for small entities. All outputs are formatted for audit review and mapped to FRS 102, IFRS 16, ASC 842, and GASB standards.

FRS 102 Section 20 allows lessees to elect not to apply the on-balance-sheet model to short-term leases (12 months or less at commencement) and leases where the underlying asset is of low value. If elected, lease payments are recognised as an expense on a straight-line basis. Crunchafi supports these elections and tracks exempt leases separately, so your disclosures remain complete. Learn more.

Very easy! Our software is designed to be intuitive and user-friendly. Most organisations can start inputting leases and generating reports within minutes. Dedicated support and resources are also available to ensure a smooth onboarding process.

Crunchafi is cost-effective for portfolios of any size, including those with a single lease. For accounting firms, the value extends beyond the lease count by providing standardized calculations, reports, disclosures, and journal entries across all clients, eliminating the need to maintain and review individual spreadsheets.

We regularly complete SOC 1 Type II and SOC 2 Type II reports. Additionally, we offer Single Sign-On, role-based access, and comprehensive access and change audit trails for enhanced visibility, security, and accountability.

Yes. Crunchafi Lease Accounting was designed for seamless, dual-access collaboration between firms and their clients. Both parties can work together in the same secure environment—sharing access, entering lease data, reviewing reports, and staying aligned in real time. Role-based permissions ensure everyone sees only what they need to.