Cradle vs TURBO-Lease
Cradle
cradleaccounting.comTURBO-Lease
turbolease.comSide by side
| Figure | Cradle | TURBO-Lease |
|---|---|---|
| Price from | $99/mo | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | — |
| Plans published | 3 | 0 |
| Spec score · Lease Accounting Software | 8.1 (#7) | 6.5 (#38) |
| Headquarters | Toronto, Ontario, Canada | Crested Butte, Colorado, USA |
| Reporting | Reports can be run for individual agreements, companies or consolidated organizations, including balance sheet, income statement, cash flow and disclosure reports. | The software includes over 80 standard lease accounting and portfolio reports, with options to view, print, save as PDF or export to Excel. |
| Target customers | Cradle says it can serve organizations with one lease through multinationals managing hundreds of leases across subsidiaries and currencies. | The software is designed for equipment leasing and finance companies managing equipment or vehicle lease portfolios. |
Plans
In their own words
Cradle
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.
TURBO-Lease
TURBO-Lease has no write-up on Specifiction yet; its figures are above.