Best Lease Accounting Software

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:

  • Generate journal entries and accurately calculate lease data
  • Classify lease types
  • Set up notifications for critical dates
  • Support the importing of data from existing repositories and spreadsheets into the tool’s database
  • Store and track data about each lease, journal entry, and asset
  • Ensure compliance of leases with new lease accounting standards
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    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 400+ 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!

    LeaseQuery is CPA-approved lease accounting and management software for lessees. We help accountants and finance professionals eliminate lease accounting errors that will lead to material misstatements. Our accountants, who specialize in lease accounting, will be with you every step of the way towards compliance with the current and new lease accounting standards, while 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.

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    Harbor Flex is a provider of software services that address the needs of corporate real estate departments and their service providers.

    LeaseWave is an end to end browser-based lease and loan management system designed to support the entire lifecycle of leases, loans and assets.

    CoStar Real Estate Manager harnesses real estate and lease data in order to make smarter decisions and enable teams to work together more efficiently with our platform of cloud-based software, professional services and industry-leading market information.

    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.

    Tango's Lease Administration software is fully integrated with the entire location lifecycle, quick to implement and easy to use.

    Accruent Portfolio Center is a lease administration software that helps administrators maintain control and make informed decisions about their leases.

    RAMs lease accounting software provides better visibility of lease exposure and improves lease management while assisting in compliance with the new FASB and IASB regulations taking effect in 2019.

    Software designed to help CPA firms and their clients manage their leases from data entry to journal entry.

    Fast, simple, automated accounting for your leases. Compliant with IFRS16 / AASB16 and ASC 842.

    Lucernex Lease Accounting is a solution designed help manage the most complex lease scenarios, streamline classifications and seamlessly process payments.

    MarketEdge is a tool that helps commercial real estate brokers analyze lease offers and create branded collateral for their properties. MarketEdge features financial analyses, persuasive marketing, and private deal rooms.

    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.

    Netgain's Netlease Management Tool is here to help your business operationalize these requirements embedded into the NetSuite platform.

    Your complete lease management, lease accounting and contract management solution.

    PowerPlan Lease Accounting is a solution provides complete lifecycle accounting for leases and ensures compliance with new standards.

    ProLease delivers comprehensive functionality designed specifically to support the new FASB and IASB lease accounting guidelines (ASC 842 and IFRS 16).