Quick Tips: Entering Leases

There isn’t a better time to start entering your leases into LeaseCrunch. If you haven’t started or you need a refresher these tips are for you.

Check out the tips below and start entering leases today!

Gathering Your Lease Information

To get started entering your leases into LeaseCrunch, we recommend that you prepare the following information: 

• Lease name
• Asset Type
• Base terms including Renewal or Termination Periods
• Discount Rate
• Cash Payments Schedule
• Lease Classification
• Existing Balances - those balances on the Balance Sheet at the transition
• Any variable expense/ non-lease payments

Please Note: Transition Leases are leases in place at the time we're adopting the new leases standard. The start date of that lease will match your initial application date. 

For further directions, check out our brief training video on how to enter a lease.

Bulk Importing

LeaseCrunch users can bulk import their leases into the software. You can find the bulk import template below, along with a short tutorial. 

Reminders about bulk importing: 

• Administration setup is required before bulk import, including Reporting Entities, GL accounts, and other customizations
• Only leases can be uploaded in bulk
• If the review and approval flag is turned on, imported leases will need to be approved
• Leases can be edited after the import by clicking the blue pencil on the My Leases screen

Please Note: Bulk Import works best for large quantities of leases (30+ leases). To access the bulk import template, navigate to Add Leases then Bulk Import in the top right.