Designed by the accounting and technology professionals at Crowe LLP, the Crowe Lease Accounting Optimizer allows companies to comply with the Financial Accounting Standards Board (FASB) ASC 840 and ASC 842, the International Accounting Standard Board (IASB) IAS 17 and IFRS 16, as well as Governmental Accounting Standards Board (GASB) Statement No. 87 regulations on accounting standards for leases and automate the financial transactions associated with their leases. Built completely within Dynamics 365 for Finance and Operations, the application supports specific requirements related to lease accounting, including:

• Calculation of schedules such as future lease payment, lease liability amortization, and right-of-use asset depreciation
• Automatic classification of leases as either operating or finance for ASC842 purposes
• Complete lease information management such as commencement date, and transfer of ownership options
• Automatic generation of journal entries for the initial recognition and subsequent measurement of the lease liability and right-of-use asset
• Automatic lease modification and termination for GASB 87 purposes
• Cash-flow forecast management
• Parallel reporting
• Balance sheet-sheet impact calculator
• Contract document management
• Audit controls over lease data integrity
• Excel import/export tools for all lease data
• Prepare required quantitative note disclosures
• Integrates with your company chart of accounts, currencies, vendors, journals and number sequences