What is the Anniversary Month in LeaseCrunch Software?

The Anniversary Month is the first month a billable lease existed within a client account.

A billable lease is a lease that was created in the previous month and is still in LeaseCrunch at the start of the current month (i.e. it was not deleted). The status of a billable lease can be ‘Complete’, ‘Review’, or ‘Incomplete’.

The Anniversary Month provides firms with greater visibility into when client leases are coming due, helping more accurately predict and manage LeaseCrunch billing.

Example:
The first lease in a client account was created on January 14, 2024. If this lease is in LeaseCrunch software after February 1, 2024 at midnight (UTC), it is considered a billable lease and the Anniversary Month is January.
**This is the most common scenario, though some exceptions apply.

What users can see Anniversary Month? Any user within a Firm will see the Anniversary Month column on the Client Accounts page.

The information below may be displayed in the Anniversary Month column:

Month (January, February, etc)	Client has an active subscription in the LC bulling system
Cancelled	Client does not have an active subscription in the LC billing system
No Subscriptions	The LC billing system does not have a matching client or subscription
Pending	The LC Billing system requires additional information to determine the Anniversary Month

Important:

Expired leases should remain in Complete status until the Fiscal Year End Financials are complete. This means some leases may be billed on the Anniversary Month even if they are expired.

Example: Lease Expires June 2024, FYE December 31, 2024, Anniversary Month October.
The lease should remain in Complete status until Financial Statements for December 31, 2024 are issued.
Once Financial Statements have been issued, expired leases can be deleted and will not be billed on the next Anniversary Month.