What are the options for handling 13 period accounting in LeaseCrunch?

This article covers options for 13 period and 4-4-5 period accounting

LeaseCrunch reports run on calendar month periods. If your periods are not based on calendar months, the following options are available to you:

1. Book entries on a calendar month basis lining up the 12 entries with the periods that most closely line up with the calendar months. 
2. Book entries in the first 12 periods, skipping the last period. 
3. Book entries in the first 12 periods and have a standing Journal Entry to offload 1/13th of the expense each month to a clearing account that accumulates through the year and then is expensed in the 13th period. 
4. User our Cost Center Allocation to split each Expense account 12/13 to expense and 1/13 to an asset account that is then expensed in the 13th period.

Note that leases where the lease term does not line up with the calendar period will create a bit of a mismatch however we believe the difference is likely immaterial.