Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Automated journal entries and instant complex calculations make accounting straightforward and efficient. With unwavering compliance to ASC 842 and IFRS 16, the platform eliminates the need for lengthy sales discussions or exhausting negotiations. You can quickly sign up, input your information, and dive right into your accounting tasks. Customize the software to your specifications by selecting from numerous fields and methodologies, allowing Cradle to direct you to the relevant accounting aspects of your contract. Your data input leads to swift and precise calculations, ensuring your journal entries are processed without delay. Say goodbye to the uncertainty and pressure associated with the new lease accounting standards ASC 842 and IFRS 16, as you enhance and streamline your lease accounting practices while conserving both time and resources. Our service also includes comprehensive implementation support to guide you through the process. Whether you are managing finances for a large public corporation or running a small business with essential financial reporting obligations, Cradle is designed to help you save valuable time and effort. Additionally, the user-friendly interface ensures that even those with minimal accounting experience can navigate the software effectively.
Description
Leasevana is a desktop application for Windows intended for lease accounting under IFRS 16, catering to corporate finance teams and lessees. It computes right-of-use (ROU) assets and lease liabilities based on lease agreements, while also generating schedules for amortization and depreciation. Users in finance can modify these schedules to account for renewals, extensions, early terminations, and adjustments in consideration, allowing them to monitor incremental borrowing rates and weighted-average discount rates pertinent to new leases and reassessments. Additionally, the software facilitates IFRS 16 disclosure reporting and features an optional PDF lease abstraction tool that can utilize a Google Gemini API key provided by the user to automatically extract essential information like dates, options, and payment figures. Leasevana operates locally on Windows, requiring no cloud storage or external databases, which enhances data privacy. It is offered as a complimentary download from the Microsoft Store, although the vendor suggests that users consult a qualified professional to verify their results for accuracy. With its user-friendly interface and robust functionalities, Leasevana aims to streamline the lease accounting process significantly.
API Access
Has API
No
API Access
Has API
No
Integrations
Gemini
No
Pricing Details
$10 per month
Free Trial
Yes
Free Version
Yes
Pricing Details
Free
Free download and use.
Free Trial
No
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Cradle
Founded
2019
Country
Canada
Website
www.cradleaccounting.com
Vendor Details
Company Name
Wicked System Studio
Website
wickedsystemstudio.com/leasevana.html
Product Features
Lease Accounting
Amortization Schedule
Yes
Asset Management
Yes
Billing & Invoicing
No
Budgeting & Forecasting
Yes
Capitalization Reporting
No
Critical Date Alerts
Yes
Expense Tracking
No
For Equipment Leases
Yes
For Real Estate
Yes
Payment Tracking
Yes
Portfolio Management
Yes
Tax Management
No
Product Features
Lease Accounting
Amortization Schedule
No
Asset Management
No
Billing & Invoicing
No
Budgeting & Forecasting
No
Capitalization Reporting
No
Critical Date Alerts
No
Expense Tracking
No
For Equipment Leases
No
For Real Estate
No
Payment Tracking
No
Portfolio Management
No
Tax Management
No