Cradle vs Ledgerage

Cradle is a web-based system for automating lease accounting and compliance reporting. It supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102, and handles lessee, lessor and sublease accounting. The software calculates present values, accounts for modifications, prepares journal entries and generates required reports. Reports can cover one agreement, a company or a consolidated organization, with balance sheet, income statement, cash flow and disclosure options. Users can enter foreign exchange rates for converting leases into the applicable functional currency. Cradle can mirror a customer's general ledger and cost-center setup so accounting data can be exported into that system. Lease data may be entered manually, uploaded with a bulk template, migrated from Excel or moved through a custom engineering solution. Custom fields can be searched, stratified and exported. The Small Plan costs $99 a month for up to 10 agreements; the Regular Plan costs $199 a month for up to 20 leases. Both plans allow unlimited users and include no training. Cradle offers a 30-day trial and says it provides 24/7 support, guides and videos.

Ledgerage calculates lease present value, right-of-use assets, lease liabilities, amortization schedules, journal entries and disclosures. Its computations cover ASC 842, IFRS 16 and GASB 87. The web calculator is available without an account and is described as free forever, not as a trial. The Free plan includes unlimited single-lease calculations, two saved leases, 25 API computations per month, 10 API requests per minute and MCP access. Its REST API accepts JSON requests and can return calculations, schedules, journal entries or classifications with citations to the applicable standard. The MCP server offers four tools and names Claude Desktop and Claude Code as compatible clients. Pro costs $39 a month, billed month-to-month with no contract. It includes an unlimited lease portfolio, up to 1,000 saved leases, 5,000 API computations per month, 120 API requests per minute, Excel, CSV and PDF exports, lease modifications and remeasurements, and a hosted MCP server. Ledgerage describes its engine as deterministic, with standard citations and schedules that reconcile to zero at term end. It says results depend on user-provided inputs and judgments and are not accounting or legal advice.