Crunchafi
Lease accounting software with AI-assisted data extraction that produces audit-ready ASC 842, IFRS 16 and GASB deliverables.
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About Crunchafi
Crunchafi, formerly LeaseCrunch, is cloud-based lease accounting software built for CPA firms, companies and government entities. It automates the deliverables required under FASB ASC 842, IFRS 16 and GASB 87, 94 and 96, generating amortisation schedules, journal entries and footnote disclosures that tie back to the general ledger.
A separately priced Data Extraction product uses AI to pull lease terms out of source contracts, removing most of the manual abstraction work that makes lease adoption and rollforward expensive. Firms and their clients work in a single environment with dual access and role-based permissions. In August 2026 Crunchafi ran a joint webinar with Thomson Reuters on automating lease procedures inside Guided Assurance, from source contract through to audit-ready workpaper.
It is positioned for accounting firms handling lease compliance across many clients, and for finance teams that have outgrown spreadsheets but do not want a full lease management platform.
Key Features
- AI-assisted extraction of lease terms from source contracts
- Automated amortisation schedules and journal entries
- ASC 842, IFRS 16 and GASB 87, 94 and 96 disclosure generation
- Dual firm and client access with role-based permissions
Our in-depth review
Crunchafi is a narrow compliance tool that happens to have added AI where AI actually helps, which is reading contracts.
What it does well. Lease accounting is repetitive, rule-bound and easy to get wrong in a spreadsheet, and Crunchafi automates the parts that matter: schedules, entries and disclosures that reconcile to the ledger. Covering GASB alongside ASC 842 and IFRS 16 makes it one of the few options that serves government clients properly. The dual firm and client access model fits how CPA practices actually deliver this work. Per-lease pricing is transparent and published, which is rare in this market.
Where it falls short. The AI is confined to data extraction and is priced separately from the core software, so the headline lease pricing understates what an abstraction-heavy engagement will cost. Extraction accuracy on messy or amended contracts is the vendor's claim and needs testing on your own worst leases before you commit. Per-lease pricing that starts at $200 gets expensive fast for a client with a large property portfolio, and the recent rename from LeaseCrunch still causes confusion in search and in reviews. This is a single-purpose tool, not a close platform.
Best for. CPA firms delivering lease compliance across a client base, and finance teams with a moderate lease portfolio.
Verdict. A sensible, well-scoped buy if lease accounting is a recurring drain, but check the extraction add-on cost before assuming the listed prices are the whole bill.
At a glance
- Category
- Month-end close
- Best for
- All sizes practice
- Editor's score
- 4.3 / 5
- Pricing
- Lease Accounting is priced per lease with no published figures. Company tiers are Starter (pay as you go, no implementation or support fees), Professional (discounted for an upfront commitment) and Enterprise (custom, aimed at 50+ lease portfolios), while CPA firms get separate custom firm pricing with no fees for modifications or remeasurements. The FAQ states that eight or more leases qualifies for custom enterprise pricing. Unlimited journal entries, amortisation schedules and footnote reports are included; unlimited lease audit trail data is a $180 a year per client add-on, with the past 90 days free (Crunchafi pricing page, checked 22 August 2026).
- Last verified
- 2026-08-22
Integrations
- QuickBooks
- Sage Intacct
- NetSuite
- Thomson Reuters Guided Assurance
- Excel export
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