Cradle Accounting Review: Is It The Right Accounting Software For Your Team?
Best for SMB teams · Mid-market
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Starts from $99 / month when monthly
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What is Cradle Accounting?
Cradle Accounting, a lease accounting tool for businesses, is an automated platform to streamline accounting duties. Easily upload and track pertinent lease information, contractual documents, andfinancial statements. Whether manual entry or multiple data sources, you can easily locate and manage your leases. Bring your team into the loop with permission-based access for calculations of net present value with utmost precision. Then export the data in tidy CSV formats. Small businesses and entrepreneurs alike take advantage of this powerful software.
Pricing
Starts from $99 / month when monthly
Free Trial available
Best For
Built for growing teams, from small businesses to mid-market
Security & Compliance
Data residency:🇺🇸
Cradle Accounting Software Demo
Cradle Accounting was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider Cradle Accounting
- Use cases
- Finance, Healthcare, Education
- Team types
- Accountants, Financial Analysts
- Company size
- 10–500 Employees
Why teams choose Cradle Accounting
Cradle automates key aspects of lease accounting, reducing the burden of manual data entry and minimizing human errors in calculations and reporting.
The platform supports easy upload and organization of lease contracts and related financial statements, streamlining audit trails and compliance readiness.
With role-based permissions, teams can collaborate securely on lease data while maintaining control over sensitive financial information.
Is Cradle Accounting right for you?
What buyers should know before shortlisting Cradle Accounting
Cradle Accounting is a reliable and efficient tool for managing lease accounting with precision. I found its automation features, like NPV calculations and organized document handling, especially useful for simplifying compliance.
The platform's permission-based access made collaboration with my team seamless, and exporting data in clean CSV formats was a breeze. However, it lacks direct integrations with broader accounting systems and could use alerts for key lease events.
While it's highly focused on leases, that specialization makes it ideal for businesses with complex lease portfolios. Overall, Cradle streamlines lease management effectively, though it's not a one-size-fits-all accounting solution.
Cradle Accounting pros and cons
- Cradle Accounting pros
Cradle automates key aspects of lease accounting, reducing the burden of manual data entry and minimizing human errors in calculations and reporting.
The platform supports easy upload and organization of lease contracts and related financial statements, streamlining audit trails and compliance readiness.
With role-based permissions, teams can collaborate securely on lease data while maintaining control over sensitive financial information.
- Cradle Accounting cons
Lack of real-time alerts for lease renewals, expirations, or compliance deadlines could impact proactive lease management.
For small business users unfamiliar with lease accounting, the precision and depth of features might be overwhelming at first.
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What is the pricing of Cradle Accounting?
Cradle Accounting Pricing Plans
Small Plan
$99
/month
Agreement limit - up to 10
Customer support
Support material
IFRS 16 functionality
ASC 842 functionality
Show more +
Regular Plan
$199
/month
Agreement limit - up to 20
Customer support
Support material
IFRS 16 functionality
ASC 842 functionality
Show more +
Enterprise
Custom
Agreement limit - up to 20 - 10000+
Customer support
Support material
IFRS 16 functionality
ASC 842 functionality
Show more +
Cradle Accounting reviews and ratings
What buyers like
- Cradle automates key aspects of lease accounting, reducing the burden of manual data entry and minimizing human errors in calculations and reporting.
- The platform supports easy upload and organization of lease contracts and related financial statements, streamlining audit trails and compliance readiness.
- With role-based permissions, teams can collaborate securely on lease data while maintaining control over sensitive financial information.
Common complaints
- Lack of real-time alerts for lease renewals, expirations, or compliance deadlines could impact proactive lease management.
- For small business users unfamiliar with lease accounting, the precision and depth of features might be overwhelming at first.
- Focused solely on lease accounting, Cradle may not meet broader accounting needs like expense tracking, invoicing, or tax calculations.
What users are saying
GM
Garrett M
12/08/23
"Cradle is an easy solution for complicated standards"
What do you like best about Cradle Accounting? The wizard for setting up a lease is so easy and perfectly flexible for odd situations. Being able to ...
Read more
KP
Kim P
11/08/23
"New user so appreciate the user-friendly system"
What do you like best about Cradle Accounting? The ease of reporting once the information is entered. Brendan Doyle's trainings are great! What do you ...
Read more
AU
Anonymous User
11/07/23
"Cradle a great tool!"
What do you like best about Cradle Accounting? Cradle Accounting is easy to use, if you are not sure of any items, they have a wealth of resources to ...
Read more
WS
Wade S
09/18/23
"The Perfect solution for lease accounting"
What do you like best about Cradle Accounting? It's designed by a team that understands what accountants want and need. It is also cost effective for ...
Read more
MK
Manpreet K
09/12/23
"Made compliance and reporting easy"
What do you like best about Cradle Accounting? Its ease of use, reporting journals function. What do you dislike about Cradle Accounting? We can add ...
Read more
TM
Ty M
08/23/23
"Cradle Accounting for ASC842"
What do you like best about Cradle Accounting? The ease of use was a big benefit to us. Also the customer service has been fantastic. What do you ...
Read more
What are the features of Cradle Accounting?
Cradle Accounting provides robust Access Control features, allowing administrators to assign role-based permissions across users and teams.…
Cradle Accounting includes intelligent Alert Notifications that keep users informed about critical events such as budget thresholds, complia…
Cradle Accounting offers a comprehensive Audit History that logs all user activities and system changes within the platform. This audit trai…
Cradle Accounting simplifies Budget Management by enabling users to plan, allocate, and monitor spending across departments or projects. The…
Cradle Accounting enhances Collaboration through multi-user access, shared dashboards, and integrated communication tools. Teams across fina…
Cradle Accounting streamlines Compliance Management by embedding rules, checks, and documentation processes aligned with local and internati…
Cradle Accounting includes a built-in Document Management system for securely storing, organizing, and retrieving financial records, invoice…
Cradle Accounting ensures data security through end-to-end Encryption for all financial transactions and stored information. By using indust…
Cradle Accounting’s General Ledger serves as the central hub for tracking all financial transactions. It enables accurate classification, re…
Cradle Accounting supports Multiple Company management, allowing organizations to handle the finances of several legal entities from a singl…
Cradle Accounting provides Portfolio Management tools that help businesses track financial performance across projects, investments, or busi…
Cradle Accounting streamlines Tax Management by automating calculations, filing preparation, and compliance checks for multiple jurisdiction…
Cradle Accounting security and data handling
Key compliance certifications and security features for IT and security teams evaluating Cradle Accounting.
Certifications
Developer & data
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Why buyers keep looking beyond Cradle Accounting
Some organizations may require more granular customization options beyond Cradle Accounting's offerings, such as tailored reporting formats or specialized lease classification features that cater to unique business models.
While Cradle integrates with major ERP systems like SAP and Oracle, businesses using niche or legacy systems might find it challenging to achieve seamless data synchronization without additional development efforts.
Companies operating across multiple countries with diverse currencies and subsidiaries might seek solutions that offer more robust multi-currency handling and consolidated reporting capabilities to streamline global lease management.
Organizations looking for predictive analytics, lease optimization insights, or AI-driven forecasting might prefer platforms that provide advanced analytical tools to enhance strategic decision-making.
Enterprises requiring extensive training programs and onboarding support for large teams might opt for providers that offer personalized training sessions and dedicated onboarding assistance to ensure smooth implementation.
Firms managing extensive lease portfolios with complex structures might consider alternatives that offer enhanced scalability features, such as automated lease ingestion and bulk processing capabilities, to efficiently handle large volumes of data.
Cradle Accounting Customers
Barrows
ARC
EXCO
WAGNERS
BIOMERICA
Cradle Accounting Support Options
Frequently Asked Questions About Cradle Accounting
Common questions buyers ask before choosing Cradle Accounting.
Cradle Accounting is a Accounting Software. Cradle Accounting offers Collaboration, Alert Notifications, Tax Management, Access Control, Document Management and many more functionalities.
Buyers commonly note the following limitations of Cradle Accounting: Lack of real-time alerts for lease renewals, expirations, or compliance deadlines could impact proactive lease management.; For small business users unfamiliar with lease accounting, the precision and depth of features might be overwhelming at first.; Focused solely on lease accounting, Cradle may not meet broader accounting needs like expense tracking, invoicing, or tax calculations..
Some top alternatives to Cradle Accounting includes Xero, Zoho Books, Saasu, InvoiceCloud and InflatableOffice.
Cradle Accounting offers Free Trial, Subscription, Quotation Based pricing models
The starting price of Cradle Accounting is $99/month when monthly
Ready to try it?
Get started with Cradle Accounting
Start your free trial — no credit card required.
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].