Cradle Accounting

Cradle Accounting is for accounting teams and businesses that need to track lease agreements and prepare lease-accounting figures for financial reporting. Enter lease terms and accounting judgments to calculate lease liabilities and right-of-use assets under standards including IFRS 16, ASC 842, GASB 87 and GASB 96, as well as FRS 102. The software supports lease accounting for both lessees and lessors, including updates when agreements change. Generate journal, balance sheet, income statement, cash flow and disclosure reports for individual leases, subsidiaries or a consolidated organization, and run reports for selected periods. Custom reports and fields help teams organize portfolio information, while agreement records can include supporting documents, key events and email reminders. Cradle is suited to organizations that want to manage lease data and automate lease-accounting calculations and reporting in one web-based system.

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