Lease Accounting Software
The smartest way to comply
Simplifying Lease Accounting
Cradle’s lease accounting software will ensure you’re compliant with GASB 87.
Our software will help you navigate the complexities of the standard with ease, and before you know it, you will have compliant financial reports without any human error.
What’s even better is that it’s easy to use. You should have no problems inputting a lease and doing modification accounting. We also offer a free 30-day trial because our software speaks for itself. Try it here.
Cradle Does The Debits and Credits
Imagine doing accounting where you don’t have to concern yourself with the debits and credits—this is the benefit of using Cradle. Once you input the contractual data, Cradle can output the journal entries. Preparing a set of journals for a lease portfolio of thousands can be done with a click.
Centralize, manage, and automate your lease accounting.
Easily Track Your Leases
Missing a critical lease date can hurt not only a company’s accounting but the business as a whole. For example, not staying on top of renewal options and not having access to the needed leased assets because of administrative oversight is something you do not want to be responsible for.
Cradle mitigates this risk. Our software has specific functionality to ensure this never happens. For example, set up reminders in seconds to ensure no key date is missed. In addition, if there are changes to a lease, seamlessly update the agreement in Cradle, and the software will ensure you’re GASB 87 compliant.
Engineered for your compliance
Leave the complexity to Cradle. Cradle’s GASB 87 software has been specifically engineered for your compliance with GASB 87. Any scenario in the standard Cradle can handle. Sub-lease accounting, foreign exchange, and partial terminations are not a problem.
When it then comes to financial reporting, that now takes seconds. Cradle as everything you need for your GASB 87 compliance:
On top of this, no matter your company structure or reporting frequency, Cradle can handle it.
More Than Lease Accounting
Leasing assets can be a critical area to the success of many organization. It can also involve key information and metrics in addition to that is required for lease accounting. If this is the case for your organization Cradle can be leveraged and used by more than just the accounting team.
Cradle can be customized to suit the needs of your organization.
A place to collaborate
The days of having to worry about version control, Excel crashing and remembering to email the latest version of that lease is done.
With Cradle, your entire team can access the latest lease accounting information, whenever they won’t. Also, by using Cradle you can control the permission level of users and even lock the software to prevent any accidental edits.
Everything You Need and More
Cradle’s lease accounting software is highly robust and is designed to handle the most complex lease portfolio.
To learn even more about how Cradle can solve your GASB 87 accounting requirements, either sign up for a free trial here or get in touch with [email protected] and schedule a demo.