The LeaseCrunch™ team is pleased to announce the following updates:

• Cost Center Enhancement. You can now assign multiple cost centers to an expense general ledger account.

• • Where is it? When adding or editing a lease, cost centers are now on the GL Accounts tab.
  • How does it work? I’m glad you asked. Visit our resources page to view our 1-minute explanation video.
  • What about my existing cost centers? If you already assigned a cost center for a lease, that cost center is now on the GL Accounts page for that lease. You can now edit a lease and allocate an expense item across up to nine additional cost centers.

• Audit Trail. For any changes going forward, you will be able to see who edited what data fields and when for each lease.

• • Where is it? When viewing or editing a lease, click on Audit Trail in the upper right-hand corner of the screen.
  • How does it work? Once again, I’m glad you asked. Visit our resources page to view our 1-minute explanation video.
  • Anything else? You can also export the full audit trail for a lease to an Excel spreadsheet for further analysis.

• Bulk Import Template Updated. If you are adding new transition leases to LeaseCrunch™, please be certain to use the latest template now available on the first step of the Bulk Import process.
• Footnote for ASC 842. There are several items in the GAAP footnote disclosure that LeaseCrunch™ does not calculate: short-term lease expense, sublease income, and sale-leaseback gains/losses. For your convenience, these line items remain on the footnote with the clarification that they are purposefully left blank.

We look forward to sharing further enhancements soon.

Thank you,
Ane Ohm