GASB 96 - SBITA
      Back to home
      1. Knowledge Base
      2. GASB
      3. GASB 96 - SBITA

      Does LeaseCrunch handle calculations for GASB 96?

      Yes! LeaseCrunch is built with everything you need to implement GASB 96 for your Subscription-Based Information Technology Arrangements (SBITAs).

      GASB 96 must be implemented for fiscal years beginning after June 15, 2022 with a requirement to restate all prior periods presented. 

      Add a new Reporting Entity with the Accounting Standard of GASB 96. 

      Once subscriptions are added with the appropriate Reporting Entity and Asset Type, run appropriate reports by selecting the Accounting Standard GASB 96 on My Leases, noting that the Footnote Disclosure for GASB 87 and GASB 96 should be run separately.

      Learn more here: