Release Notes 2022-2023

This article contains a list of enhancements released in 2022/2023

Release Notes 2022/2023

November 27, 2023

This release adds:

• Payment Calculator: Users can calculate the next payment by adding a percentage or amount to the previous payment. 
• Auto Populating Payment Streams: When users add a payment stream, the values and next payment dates are auto-populated based on the previous payment stream. 

November 5, 2023

This release adds: 

• Leases/SBITAs/PPPs outstanding as of the implementation date (i.e, Transition) will no longer display a Capital Outlay and Other Financing Source journal entry in the Governmental Funds (Modified Accrual) section of the Amortization Schedule. While there is no specific GASB guidance, users were not booking this entry in practice and requested its removal from the Amortization Schedule. 

November 2, 2023

This release adds:

• System Admin function to disable reporting.

October 21, 2023

This release adds:

• Changes to the GASB Lessee Journal Entry report. A new column was added so users can better organize their journal entries.  The New Column is titled “Journal Entry #" and the number coincides with a specific part of the journal entry, as indicated below:

0. Restatement
1. Additions
2. Modifications/Remeasurement
3. Amortization Expense
4. Interest Expense
5. Payments
6. Reclassification
7. Subtractions (end of term)

October 10, 2023

This release adds:

Enhanced functionality to users:

• The ability for LeaseCrunch Administrators to disable GL accounts at Administration - GL Accounts. Disabled GL accounts will still be attached to existing leases and the disable feature will not affect the financial reporting capabilities of any leases configured to use it.
  • In Administration - GL Accounts, at least one GL account in each Account Type must remain active.
  • Disabled GL Accounts will no longer be available in Add/Edit Leases - GL Accounts.

September 19, 2023

This release adds:

• Bug fixes to improve performance

September 6, 2023

This release adds:

Enhanced functionality to GASB clients. 

• Changes are being made to the following pages, allowing for greater categorization of GASB leases and SBITAs. 
  • Administration Reporting Entities Tab
    • Added drop-down to support adding various reporting entities for each GASB standard.
  • Administration GL Accounts Tab
    • Added drop-down to support customizing GL Accounts for various reporting entities for each GASB standard.
  • Lease Entry
    • Added drop-down within the lease entry workflow for Accounting Standard selection. The drop-down options will reflect the data created in the Administration tab of LeaseCrunch.
  • Bulk Upload
    • Radio button options are presented to ensure the captured leases, PPPs, or SBITAS are added to the correct Reporting Entity.
  • My Leases Page
    • A toggle is shown at the top of the page to sort leases and SBITAs. The selections are:
      • GASB 87
      • GASB 94
      • GASB 96
• All existing GASB leases entered in LeaseCrunch have defaulted to GASB 87 unless otherwise specified or identified. 
  • Users have been informed of changes to their accounts and have the opportunity to provide feedback to the LeaseCrunch team to ensure their data is correct.

August 14, 2023

This release adds:

• Users can enter Revisions to a lease before or one day after the original lease End Date. This creates continuity with entered leases and their revisions. 
  • If the lease end date is 6/15/23, a revision can be entered before 6/15/2023 or on 6/16/23.
  • If the lease End Date is 6/15/23 and a user tries to create a revision for 6/17/23 or later, an error message will be displayed notifying the user of the rule

June 29, 2023

This release adds:

• Client: Accounting Administrator Role: This role has all permissions except Users and Groups
• Auto Select Reporting Entity: On Add Lease, when account has only one Reporting Entity, it will be selected by default.
• Default ROU Asset Life to term: When Lease end date is not the end of month, the asset life will default to term less 1 month.
• GASB Clients: Added default asset types for "SBITA - GASB 96" and "PPP - GASB 94"
• Client Disabled Reason: For Firms only

June 17, 2023

This release adds:

• Disable Reporting Entity: Users can disable entities no longer in use.
• Custom View Enhancements: Users can save custom column selections, save the number of entries displayed on the My Leases grid and update previously saved Custom Views.
• My Leases: Users can now sort columns in the My Leases grid. 

June 1, 2023

This release adds:

• Email Alerts - Teams can receive notifications about important lease events.
• In-App help: Additional in-app help launched for all users

January 16, 2023

This release adds:

• FASB - Update Amortization Schedule, Data by Lease to report from GL Start to GL End Date
• GASB - Add Amortization Schedule, Data by Lease to report from GL Start to GL End Date
• Update supported browsers experience - remove Firefox support
• Client Accounts can be transferred different Firm Accounts

January 8, 2023

This release adds:

• Report Center: Users can check the status of current export requests and access data for 45 days 
• Report Naming Conventions now include client account name, report type, GL Start and End Date

October 9, 2022

This release adds: 

• Support Access Control for non-SSO customers
• Setup LeaseCrunch for the upcoming Notifications feature, Groups
• Add a business role required by our largest firm customers, Firm Read Only
• Leases Tab of all Report: Add a link to the view lease page for each lease
• Performance Release on My Leases to increase speed of filters and search.

July 19, 2022

This release adds:

• GASB Lessor Bulk Import
• Help Link in top right throughout app
• Update to Disable Client at Firm Level
• Update certain dropdowns in Add/Edit workflow with alphanumeric