Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

ASC842 and IFRS16 Compliance: Achieved. Bloomberg Tax & Accounting Leased Assets oversees various leased asset categories and offers intricate calculations for right-of-use assets and lease obligations. Our software-as-a-service solution ensures precise classification, accounting, and reporting for leased assets in accordance with the new standards – IFRS 16 and ASC 842. Enhance your operational workflow through seamless integration with a range of ERP/GL/AP systems, leasing platforms, or other internal applications. Empower your clients to meet the requirements of ASC 842 and IFRS 16 with confidence. By automating lease accounting processes, you can boost overall efficiency while maintaining accuracy through detailed calculations. Additionally, our solution supports businesses in adapting to changing regulations with ease.

Description

Automated journal entries and instant complex calculations make accounting straightforward and efficient. With unwavering compliance to ASC 842 and IFRS 16, the platform eliminates the need for lengthy sales discussions or exhausting negotiations. You can quickly sign up, input your information, and dive right into your accounting tasks. Customize the software to your specifications by selecting from numerous fields and methodologies, allowing Cradle to direct you to the relevant accounting aspects of your contract. Your data input leads to swift and precise calculations, ensuring your journal entries are processed without delay. Say goodbye to the uncertainty and pressure associated with the new lease accounting standards ASC 842 and IFRS 16, as you enhance and streamline your lease accounting practices while conserving both time and resources. Our service also includes comprehensive implementation support to guide you through the process. Whether you are managing finances for a large public corporation or running a small business with essential financial reporting obligations, Cradle is designed to help you save valuable time and effort. Additionally, the user-friendly interface ensures that even those with minimal accounting experience can navigate the software effectively.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

FundCount Yes 

Integrations

FundCount No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$10 per month
Free Trial Yes 
Free Version Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) Yes 
Online Support No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support No 

Types of Training

Training Docs No 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Bloomberg Tax & Accounting

Founded

1929

Country

United States

Website

pro.bloombergtax.com/leased-assets/

Vendor Details

Company Name

Cradle

Founded

2019

Country

Canada

Website

www.cradleaccounting.com

Product Features

Lease Accounting

Amortization Schedule No 
Asset Management Yes 
Billing & Invoicing No 
Budgeting & Forecasting No 
Capitalization Reporting Yes 
Critical Date Alerts Yes 
Expense Tracking No 
For Equipment Leases Yes 
For Real Estate No 
Payment Tracking Yes 
Portfolio Management Yes 
Tax Management No 

Product Features

Lease Accounting

Amortization Schedule Yes 
Asset Management Yes 
Billing & Invoicing No 
Budgeting & Forecasting Yes 
Capitalization Reporting No 
Critical Date Alerts Yes 
Expense Tracking No 
For Equipment Leases Yes 
For Real Estate Yes 
Payment Tracking Yes 
Portfolio Management Yes 
Tax Management No 

Alternatives

Alternatives

Black Owl Reviews

Black Owl

Black Owl Systems
ReqView Reviews

ReqView

Eccam
Black Owl Reviews

Black Owl

Black Owl Systems
iLeasePro Reviews

iLeasePro

iLease Management LLC