Crunchafi

Crunchafi

Overview

About Crunchafi

Simplify's Rating
Why Crunchafi is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Bellevue, Washington

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • FRS 102 became effective January 1, 2026, creating immediate upgrade demand.
  • Crunchafi hosted CPD training on July 22, 2026, driving adoption momentum.
  • Aquiline still lists Crunchafi as a current portfolio company, signaling continued backing.

What critics are saying

  • Crunchafi remains a 11-50 employee company on LinkedIn, limiting enterprise execution.
  • FinQuery, LeaseQuery, and Visual Lease target the same lease-accounting buyers.
  • Thomson Reuters can bundle similar automation, compressing margins and choking referral traffic by 2027.

What makes Crunchafi unique

  • July 2026 FRS 102 Section 20 launch covers UK and Ireland lease transitions.
  • June 2026 Thomson Reuters integration embeds Crunchafi inside Guided Assurance workflows.
  • Crunchafi says 750-plus firms use its multi-client lease and data-extraction platform.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Remote Work Options

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Company Equity

Professional Development Budget

Company News

Mangalore Mirror
Jul 14th, 2026
Crunchafi launches FRS 102 Section 20 lease accounting for UK and Ireland.

Crunchafi launches FRS 102 Section 20 lease accounting for UK and Ireland. 2 2 minutes read Purpose-built for organisations and chartered accountancy firms managing FRS 102 Section 20 reporting Discover more Psychology Business & Corporate Law MILWAUKEE, July 14, 2026 (GLOBE NEWSWIRE) - Crunchafi, a global provider of accounting software for accountancy firms and finance teams, today launches FRS 102 Section 20 lease accounting support for the UK and Ireland. The revised FRS 102 standard, effective for accounting periods beginning on or after 1 January 2026, represents one of the most significant changes to UK and Irish lease accounting in decades. For many entities, leases that historically remained off the balance sheet must now be recognised through right-of-use assets and lease liabilities, introducing new calculation, reporting and disclosure requirements. Six months into adoption, many chartered accountancy firms are still managing the transition across live client books, often using spreadsheets that were never designed for right-of-use assets, roll forwards or the disclosure requirements of the revised standard. The operational burden is especially significant on firms managing FRS 102 across dozens or hundreds of client entities at once. Embedded leases, discount rate judgements, roll forwards and required disclosures all add hours to every reporting cycle and compound the risk of error in manual workflows. "We built Crunchafi around what accountancy firms and their clients need from a lease accounting solution: a single place to manage client lease portfolios ranging from one lease to thousands, standardised workflows across the whole firm and user-friendly software that doesn't require every team member to be an expert in the standard," says Crunchafi founder Timothy Kohler. Crunchafi's FRS 102 Section 20 release is built around the work firms are already doing: * Automated lease calculations with audit-ready amortisation schedules and journal entries * Detailed disclosure reports for medium and large entities, plus Section 1A disclosures for small entities * Right-of-use asset roll forwards by asset class, ready to drop into statutory accounts * Multi-client architecture with separate reporting entities and consistent calculations across an entire client portfolio The release enables organisations and firms to standardise lease accounting workflows while reducing reliance on spreadsheets and manual calculations. Discover more Dictionaries & Encyclopedias businesses Crunchafi is the most widely used lease accounting platform among accountancy firms globally, supporting more chartered firms than any other vendor in the category. Built through years of supporting firms with ASC 842, GASB 87, GASB 94, GASB 96 and IFRS 16 compliance, Crunchafi brings that same lease accounting expertise, standardised workflows and reporting automation to firms navigating the transition to FRS 102 Section 20. Crunchafi's FRS 102 Section 20 product is generally available today. Crunchafi will host the CPD-qualified session "FRS 102 Section 20 Is Effective: What to Do Now" on 22 July 2026 at 3 p.m. BST (10 a.m. EDT). Register here. About Crunchafi Crunchafi is a leading provider of cloud-based SaaS products built for accounting and financial professionals. Crunchafi's solutions simplify lease accounting and data extraction, helping CPA firms work smarter and deliver strategic value faster. Trusted by over 750 firms, Crunchafi combines accuracy, scalability and expert support to power the future of accounting.

Associated Press
Jul 14th, 2026
Crunchafi launches FRS 102 Section 20 lease accounting software for UK and Ireland

Crunchafi, a global accounting software provider, has launched FRS 102 Section 20 lease accounting support for the UK and Ireland. The revised standard, effective for periods beginning 1 January 2026 or later, requires many leases previously kept off balance sheets to be recognised through right-of-use assets and lease liabilities. The new release offers automated lease calculations with audit-ready schedules and journal entries, detailed disclosure reports for various entity sizes, and right-of-use asset roll forwards. It features multi-client architecture for consistent calculations across portfolios. Crunchafi claims to be the most widely used lease accounting platform among accountancy firms globally, supporting more chartered firms than any competitor. The company has experience supporting compliance with ASC 842, GASB 87, GASB 94, GASB 96 and IFRS 16 standards.

Yahoo Finance
Jun 8th, 2026
Crunchafi integrates with Thomson Reuters Guided Assurance to automate lease accounting in CPA audit workflows

Crunchafi has launched an integration with Thomson Reuters Guided Assurance, enabling CPA firms to automate lease accounting procedures directly within their audit workflows. The integration allows auditors to launch Crunchafi from within Guided Assurance and automatically push completed workpapers back into Engagement Manager, eliminating manual data transfers. Named the official Methodology Automation Partner for lease accounting by Thomson Reuters, Crunchafi connects with the widely used PPC audit framework. Auditors can automate lease-related procedures, generate reports and maintain standardised documentation without manual downloads or uploads. Over 400 firms already use Crunchafi alongside Thomson Reuters products. The Milwaukee-based company provides SaaS technology for accounting and financial professionals, whilst Thomson Reuters Guided Assurance is a cloud-based audit workflow used by thousands of US CPA firms.

Associated Press
May 6th, 2026
Crunchafi adds tax and audit tech veteran David Wyle to board

Crunchafi, an accounting technology platform for CPA firms, has appointed David Wyle to its board of directors. Wyle brings nearly 30 years of experience building technology for tax and audit professionals. A former PwC CPA, Wyle founded ePace! Software in 1997, creating the first paperless audit solution, which was acquired by CCH in 2001. He later founded SurePrep in 2002, pioneering tax document automation before Thomson Reuters acquired it in 2023. Wyle subsequently served as general manager of audit at Thomson Reuters, overseeing the company's global audit software portfolio. The appointment follows Crunchafi's expanded partnership with Thomson Reuters to accelerate adoption of its lease accounting and data extraction products. Crunchafi serves over 750 accounting firms with cloud-based solutions.

Business Insider
May 6th, 2026
Crunchafi welcomes tax and audit technology visionary David Wyle to its board of directors.

Crunchafi welcomes tax and audit technology visionary David Wyle to its board of directors. May. 6, 2026, 09:00 AM MILWAUKEE, May 06, 2026 (GLOBE NEWSWIRE) - Crunchafi, the accounting technology platform purpose-built for CPA firms and financial professionals, today announced that David Wyle has joined its board of directors. A recognized entrepreneur with nearly three decades of building technology for tax and audit professionals, Wyle brings deep industry knowledge and a proven track record of creating transformative solutions for the accounting profession. Wyle began his career as a CPA at PwC before founding ePace! Software in 1997, building the first paperless audit solution to automate financial reporting in Word and Excel. Acquired by CCH in 2001, ePace! evolved into ProSystem fx Engagement, a product still widely used across the profession today. In 2002, Wyle founded SurePrep, where he pioneered the tax document automation category and fundamentally reshaped how firms approach tax preparation workflows. Thomson Reuters acquired SurePrep in 2023, after which Wyle served as general manager of audit, overseeing the company's global audit software and solutions portfolio. Wyle's appointment comes at an inflection point for Crunchafi, which recently deepened its strategic partnership with Thomson Reuters to accelerate adoption of its Lease Accounting and Data Extraction products among CPA firms nationwide. "I've spent my career building tools that help accountants work smarter, and Crunchafi is doing exactly that," says Wyle. "The accounting profession is at a pivotal moment, with firms under real pressure to do more with less, stay compliant and deliver higher-value advisory services to clients. Crunchafi's products address those challenges head-on, and I'm excited to help the team scale what they've built." "Dave has done this before, and he has done it multiple times," says Mark Weidick, CEO of Crunchafi. "He understands, at a deep level, what CPA firms actually need, and he knows what it takes to build technology that earns their trust. Having him in our corner as we grow is a tremendous advantage for our team, our partners and the firms we serve." Wyle holds a bachelor's degree in economics from the University of California, Santa Barbara, and continues to advise and invest in companies driving innovation across the tax and audit landscape. About Crunchafi Crunchafi is a leading provider of cloud-based SaaS products built for accounting and financial professionals. Crunchafi's solutions simplify lease accounting and data extraction, helping CPA firms work smarter and deliver strategic value faster. Trusted by over 750 firms, Crunchafi combines accuracy, scalability and expert support to power the future of accounting. Media Contact: Vicki LaBrosse Director of Global Public Relations [email protected] 651-552-7753 Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post. Sponsored Financial Content When moving is chaos, ADT pros bring the calmMaking your new house a home can be hectic. Let us give you a hand. Our pros can install a system with tech designed to help keep you safe.ADT | Sponsored

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