Lease Accounting

LeaseCrunch software fees will be billed to our clients directly by (and paid directly to) LeaseCrunch, LLC. Fees are incurred per lease and variable based on the total number of active leases. Clients will be billed annually for each lease in the month the client enters each lease into LeaseCrunch. No charges will be incurred until a lease is entered into the system. If a lease is entered into and deleted from the system in the same month, no charges will be incurred.

The annual fee per lease is as follows (all-inclusive pricing covers Software, Hosting, Support, Upgrades, On-Demand Training Solutions and Knowledge Base):

• $87 per lease for clients with less than 20 leases in the system
• $72 per lease for clients with 20 or more leases in the system

LeaseCrunch tiered pricing adjusts annually and will be billed to the client at the new rate for active leases on each lease anniversary date. Leases placed in and remaining in deleted status at or before the anniversary date will not be billed in subsequent years. If deleted leases are restored, all previously unbilled years will become due.

Boulay will separately bill its clients for professional service time incurred related to Boulay providing accounting assistance, implementation services and consulting related to the new lease accounting standard and LeaseCrunch software tool.

The LeaseCrunch user interface is simple and intuitive to use. The lease input process is comprehensive and includes references and “Plain English” interpretations and guidance from ASC 842 to ensure the accurate accounting of leases under the new standard. The functionality includes the ability to generate and access reports that include detailed monthly journal entries, amortization schedules, and quantitative information to satisfy the disclosure requirements of the new lease accounting standard.

Complete On-Demand Training Tools: Check out a series of videos describing the LeaseCrunch solutions which will highlight the ease of use, steps to adopt the new lease accounting standard and provide a host of training resources.

As a Boulay client, you will have full access to the LeaseCrunch software solution. This includes the ability to add, edit and revise leases in the system, as well as generate and access the reports discussed above. In addition to your own access, LeaseCrunch provides access to Boulay for collaboration on implementation and ongoing lease accounting support.

Upon your request, Boulay will set up your company in LeaseCrunch with the designated contact name and email address. The account will be disabled until your contact confirms billing terms, pricing, and additional billing administration fee directly with LeaseCrunch. Once the account is enabled, your contact will receive an email invite with login instructions. Within 24 business hours, this individual will also receive an invitation from the LeaseCrunch Knowledge Base, which contains short video tutorials and other helpful resources.