Cradle Accounting

Cradle Accounting provides a robust lease accounting software solution designed to assist organizations in adhering to various accounting standards such as IFRS 16, ASC 842, GASB 87, and GASB 96. This software addresses the complexities and time-consuming nature of lease accounting by automating essential functions including present value calculations, journal entries, and comprehensive financial reporting.

Key Functionalities:
The application features an intuitive user interface tailored for accountants, requiring minimal training for effective use. Users can manage their lease portfolios from initial recognition through modifications and reporting.

Automated Processes:
Cradle Accounting automates the generation of journal entries, ensuring compliance and accuracy while handling various lease classifications. It simplifies the recording and reporting of lease obligations and provides tools for modification accounting, enabling users to manage changes to lease agreements efficiently.

Reporting Capabilities:
The software can generate compliant financial reports, including balance sheets, income statements, and cash flow statements. It supports various reporting needs and timelines, ensuring organizations can meet their financial obligations and regulatory requirements.

User-Friendly Design:
Cradle Accounting is designed to be user-friendly, allowing even non-accountants to navigate the system with ease. Its cloud-based platform facilitates collaboration and integrates seamlessly with existing accounting systems, enhancing overall productivity.

Support and Resources:
The software comes with extensive support resources, including 24/7 customer service, to assist users in maximizing the benefits of the application. A free trial is available for potential clients to explore the software's capabilities before committing to a subscription.

With its focus on compliance and ease of use, Cradle Accounting is a suitable solution for organizations looking to streamline their lease accounting processes.