Caracara Lease Manager
Every lease, every accounting standard — ASC 842, GASB 87, GASB 96, IFRS 16. CAM reconciliations. Renewal options you don't miss. The auditor evidence binder packaged for you.
Built for the people who actually run it.
Lease accountants
Hand-built amortization schedules across a dozen spreadsheets are where errors live. Caracara generates the schedule and the balanced journal entries the moment you save the lease — and every row ties out to the penny.
Controllers & CFOs
The disclosure footnote that took half a week is now a query. Maturity analysis, roll-forward, and weighted averages are computed per standard, per fiscal year.
Auditors
One click produces a self-contained evidence binder per lease — schedules, journals, the original contract, and full AI-extraction provenance. No back-and-forth email chains.
Multi-entity & real-estate teams
Per-company charts of accounts, currencies, and fiscal years; stacking plans that update from lease data; CAM true-ups worked to settlement instead of discovered at year-end.
Every lease, every standard, every journal entry — in one system.
Caracara handles your lease portfolio under ASC 842, GASB 87, GASB 96 (SBITA), and IFRS 16 — one lease, every standard, every journal entry generated and reconcilable. Built for lessees and lessors, with the auditor evidence binder packaged for you.
Multi-standard lease accounting, generated per lease
The same lease can produce ASC 842 and GASB 87 (or IFRS 16) schedules in parallel. Journal entries keyed per standard. Current vs. long-term split. Deterministic decimal math, so every row ties out to the penny and fully-amortizing schedules close to exactly zero. Exportable to Excel or PDF.
Auditor evidence binder, one click
Per lease, a self-contained ZIP: the original document, the schedules, the journal entries, the audit log, the attachments, and the AI-extraction provenance. Drop it in your auditor folder. You’re done.
CAM reconciliations that actually finish
Draft → Under review → Disputed → Approved → Settled. The landlord true-up workflow, in your system, with contractual caps enforced and a paper trail — and a month-end close queue that aggregates every unposted variable cost so nothing slips past period end.
Renewal options you don’t miss
Renewal. Termination. Purchase. Expansion. Right of first offer. Right of first refusal. Notice deadlines tracked. Alerts when a decision window is open.
AI lease extraction you can defend
Drop in a lease PDF — or a batch of them. AI extracts the terms, pre-fills the form, and shows you confidence scores and a source citation per field. Every reviewer edit is logged. The provenance — what the AI returned, what was changed, by whom — lands in the auditor evidence binder.
Lessor accounting, too
Net-investment model. Lease receivable with implicit-rate interest income. Five-criterion classification (sales-type, direct financing, operating, GASB receivable). Unguaranteed residuals and deferred selling profit tracked. A separate lessor disclosure, computed for you.
Real estate, stacking plans, and lease-vs-buy
Model buildings, floors, and spaces; the stacking plan computes occupancy, rent-per-square-foot, and market comparison live from your lease data. A lease-vs-buy-vs-finance calculator runs after-tax NPV across scenarios with an indifference payment and recommendation.
Impairment, disclosures, and analytics
Nightly and on-demand impairment scans against ASC 360 and GASB 51 criteria, with an audit report showing every lease and every check. Disclosures generated per standard, per fiscal year, exportable to Markdown or DOCX. Portfolio analytics: lessor concentration, maturity buckets, spend by region, and rate-sensitivity shocks.
Trust signals
FIPS 140-validated cryptography across the stack. US data residency. Single sign-on with multi-factor required. Three-layer tenant isolation. Tamper-evident audit log. Exact-once ERP posting so a retry never double-books.
How it fits the suite
Lease cost routes to Eyrie’s GL cost centers and projects through journal-entry routing fields on every lease, and posts to QuickBooks or Xero with an exactly-once guarantee. One system of record for facility cost.
Connects to your stack.
Questions buyers ask.
Can one lease report under more than one standard at the same time?
Yes — set a secondary standard and Caracara measures the same lease under both frameworks in parallel, with separate schedules, journals, and roll-forwards. Run ASC 842 and IFRS 16, or GASB 87 alongside, without a workaround.
What's in the auditor evidence binder?
A one-click ZIP per lease: the landscape PDF, the Excel workbook, the schedule/journal/maturity/audit-log CSVs, the original uploaded contract, and — when the lease was AI-extracted — the full provenance JSON showing what the model returned and what a reviewer changed. Hand it to your auditor; you're done.
Do you handle the lessor side too?
Yes. A direction flag switches the whole measurement model — net-investment schedules, the five-criterion ASC 842 classification (sales-type, direct financing, operating, or GASB receivable), unguaranteed residuals, deferred selling profit, and a separate lessor disclosure.
How trustworthy is the AI extraction?
It's a proposed draft you confirm — never auto-saved. Every field carries a confidence level and a page/paragraph citation, every reviewer edit is logged, and the whole chain lands in the evidence binder. The math itself is deterministic decimal, so schedules reproduce exactly.