Lease accounting software effectively manages and minimizes financial risk associated with lease portfolios. It also centralizes the processes and lifecycles of lease portfolios. The software automates the previously manual process of keeping track of journal entries, each lease’s audit trail, and whether a lease is an operating or financing lease. Lease accounting functionality has always existed in some capacity, buried within lease administration or real estate asset management software, but its current form facilitates the compliance of businesses to FASB and IASB regulations. Lease accounting software prepares businesses for critical dates for financial audits and reviews. In addition, lease accounting software can, and usually does, integrate with ERP systems to automate the creation of general ledger journal entries. The software can also integrate with existing POS and accounting systems, as it helps businesses get full visibility of the entire lease portfolio.
To qualify for inclusion in the Lease Accounting category, a product must:
LeaseQuery helps accountants and other finance professionals eliminate lease accounting errors that will lead to material misstatements through our CPA-approved lease accounting software and implementation process. Our accountants, who specialize in lease accounting, will be with you every step of the way towards compliance, ensuring minimal disruption to your business. LeaseQuery is proud to serve medium to large businesses from privately held organizations to publicly traded companies with over 25,000 leased assets.
Visual Lease provides lease accounting and administration technology for real estate, equipment & more. As a global leader in lease accounting software, we help companies manage, analyze and report on their leased asset portfolio - including real estate, equipment and more. Our cloud-based SaaS platform is relied upon by a community of 300+ corporations, retailers, hospitals and institutions. We are trusted by finance, accounting and real estate teams to be a single source of truth for complex portfolios. Our robust solution integrates with all major accounting and resource planning systems with critical features such as FASB/IASB accounting modules. Founded in 1995 by the pioneers of the lease audit industry, we like to think of ourselves as a 20-year-old startup. We combine our legal and financial expertise with a culture of tech innovation – and we’re growing fast!
LeaseAccelerator offers the market-leading SaaS solution for Enterprise Lease Accounting, enabling compliance with SOX, SEC, and current and new FASB and IFRS standards. Using LeaseAccelerator’s proprietary asset-based Global Lease Accounting Engine, customers can account for all categories of leases including real estate, fleet, IT, material handling, and other equipment at an asset level. On average, LeaseAccelerator’s Lease Sourcing and Management applications generate savings of 17 percent on equipment leasing costs with smarter procurement and end-of-term management.
Nakisa provides lease management, accounting, and reporting solutions designed to support regulatory compliance with the new lease accounting standards (IFRS 16 and ASC 842). Comprehensive lease accounting solutions help organizations manage global lease portfolios, gain strategic insights into financial data, and streamline lease accounting operations.