Freedom251 › Lease Accounting Software
Cradle
What Cradle is
Cradle is a web-based command center for lease accounting and compliance reporting. It supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102, and covers lessee, lessor and sublease accounting. The service calculates present values, handles lease modifications, creates journal entries and prepares balance sheet, income statement, cash flow and disclosure reports. Reports can cover individual agreements, companies or consolidated organizations. Foreign exchange rates can be entered so foreign-currency leases are converted to the applicable functional currency. Cradle can mirror a general ledger and cost-center environment for exporting accounting data. Lease information can be entered manually, uploaded with a bulk template, migrated from Excel or moved through a custom engineering solution. Custom fields are searchable, stratifiable and exportable. It runs on the web and offers a 30-day trial, with plans from $99 a month.
Who it suits
Cradle suits organizations managing leases under listed accounting standards, from one lease to multinational portfolios. It is also aimed at teams needing multi-entity reporting, foreign-currency conversion and general-ledger exports.
What it does well
- Supports five listed lease-accounting standards
- Handles lessee, lessor and sublease accounting
- Produces disclosure and journal-entry reports
- Imports data through templates or Excel
- Offers multi-entity and currency reporting
What to know first
- No free plan
- Small Plan limited to 10 agreements
- Regular Plan costs $199 a month
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Regular Plan | first day of every period · up to 20 leases · unlimited users · no training · IFRS 16, ASC 842 and FRS 102 | $199 a month |
| Small Plan | first day of every period · up to 10 agreements · unlimited users · no training · IFRS 16, ASC 842 and FRS 102 | $99 a month |
| Enterprise | 20 - 10,000+ agreements · training · private servers · choice of geographical server location · custom solutions | On request |
As cradleaccounting.com lists them, read 30 Sept 2026. The maker's own page has the final word.
Verdict
Cradle combines lease calculations, reporting, data migration and accounting-system export in one web service. A 30-day trial is available, while ongoing plans begin at $99 a month.
Facts from Cradle's own pages
- Automated accounting
- Cradle automatically performs present value calculations, modification accounting, journal entries and required financial reporting. · cradleaccounting.com, 30 Sept 2026
- Company ownership
- The site identifies Cradle as a Prophix Company. · cradleaccounting.com, 30 Sept 2026
- Customization
- The lease-management system supports custom fields that can be searched, stratified and exported. · cradleaccounting.com, 30 Sept 2026
- Data import and migration
- Lease data can be entered manually, uploaded through a bulk template, migrated from Excel or migrated through a custom engineering solution. · cradleaccounting.com, 30 Sept 2026
- Foreign exchange
- Users can enter foreign exchange rates and Cradle converts foreign-currency leases to the applicable functional currency. · cradleaccounting.com, 30 Sept 2026
- General-ledger integration
- Cradle can mirror a customer’s general-ledger and cost-center environment so accounting data can be exported into the accounting system. · cradleaccounting.com, 30 Sept 2026
- Headquarters
- Toronto, Ontario, Canada · cradleaccounting.com, 28 Sept 2026
- Lease roles
- Cradle supports both lessee and lessor accounting, including sublease accounting. · cradleaccounting.com, 30 Sept 2026
- Product purpose
- Cradle is a web-based command center that automates lease accounting and compliance reporting. · cradleaccounting.com, 30 Sept 2026
- Reporting
- Reports can be run for individual agreements, companies or consolidated organizations, including balance sheet, income statement, cash flow and disclosure reports. · cradleaccounting.com, 30 Sept 2026
- Security compliance
- Cradle states that it is SOC 2 Type 2 compliant. · cradleaccounting.com, 30 Sept 2026
- Security controls
- Cradle states that data is encrypted in transit and at rest, hosted on Amazon Web Services, backed up daily and protected with periodic third-party penetration testing. · cradleaccounting.com, 30 Sept 2026
- Standards supported
- The product supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102. · cradleaccounting.com, 30 Sept 2026
- Support
- Cradle says it provides knowledgeable 24/7 customer support along with guides and videos. · cradleaccounting.com, 30 Sept 2026
- Target customers
- Cradle says it can serve organizations with one lease through multinationals managing hundreds of leases across subsidiaries and currencies. · cradleaccounting.com, 30 Sept 2026
Where Cradle stands on Freedom251
- Lease Accounting Software#9 of 56