Professional GAAP Tools

Accounting tools built
for the real world

GAAPToolbox gives CPAs and business owners professional-grade GAAP compliance tools — without the complexity or cost of enterprise software.

Tools built around the standards

Each tool is purpose-built for a specific GAAP standard — no bloat, no guesswork.

ASC 842

Lease Accounting

Calculate right-of-use assets and lease liabilities. Supports operating leases, modifications, variable payments, and multi-lease portfolios.

ASC 835

Debt Amortization

Amortize loans, bonds, and notes under the effective interest method. Solve for unknown payment, rate, term, or principal. Supports OID, debt issuance costs, and prepayments.

ASC 340

Prepaid Expense Amortization

Track and amortize prepaid expenses across a full portfolio. Pro-rates partial months and generates monthly journal entries for each prepaid.

ASC 606

Revenue Recognition

Walk through the five-step model. Identify performance obligations, determine and allocate the transaction price, and generate a month-by-month recognition schedule.

ASC 360 / MACRS

Fixed Asset Depreciation

Track and depreciate fixed assets under GAAP (SL, DDB, SYD, UOP) and US tax (MACRS, Sec 179, Bonus). Computes book/tax differences and full depreciation schedules.

ASC 958 / UPMIFANonprofit

Nonprofit Net Assets

Rollforward of net assets by donor-restriction class. Tracks board-designated funds, purpose/time restrictions, and endowments with UPMIFA underwater-fund analysis.

ASC 958-605Nonprofit

Conditional Grants

Walk through the ASU 2018-08 decision tree for each grant or contribution. Identifies conditional vs. unconditional status, refundable advances, and amounts to recognize.

ASC 958-310Nonprofit

Pledges Receivable

Track multi-year unconditional promises to give. Calculates present value at recognition, discount accretion schedules, and allowance for doubtful accounts.

Why GAAPToolbox?

Built on the standards

Every calculation follows GAAP guidance directly — not approximations or shortcuts.

For CPAs and owners

Detailed enough for your accountant. Clear enough for you to understand the numbers.

No spreadsheet required

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