20 Best Lease Accounting Software In 2025
Best Lease Accounting Software Shortlist
Here's my pick of the 10 best software from the 20 tools reviewed.
Our one-on-one guidance will help you find the perfect fit.
Using outdated lease accounting software can be a headache for CFOs. From compliance risks and reporting errors to frustrating manual processes, sticking with an old system can slow down your team and create costly mistakes. But the right lease accounting software? It automates the heavy lifting, keeps you compliant with ASC 842 and IFRS 16, and gives you a crystal-clear view of your lease portfolio.
I’ve spent years navigating the world of financial operations, and trust me, I know the difference the right software can make. That’s why I’ve rounded up the best lease accounting tools to help you ditch the headaches and get back to what really matters—making smart financial decisions.
In this guide, you’ll find a breakdown of top lease accounting software options, complete with key features, pricing, and what makes each one worth considering. Whether you’re looking to tighten up compliance, streamline reporting, or just make your life easier, this list will help you find the perfect fit—without all the trial and error.
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We’ve been testing and reviewing accounting software since 2023. We know how critical and difficult it is to make the right decision, which is why my team of software analysts and I have put together this software list.
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Best Lease Accounting Software Summary
Want a solution review without reading all the extras? Here’s a breakdown of my top lease accounting software, complete with their pricing and trial info, all in a nice, small package.
| Tool | Best For | Trial Info | Price | ||
|---|---|---|---|---|---|
| 1 |  Rubli Lease Accounting Solution Rubli Lease Accounting Solution provides a centralized dashboard with customizable reporting, alerts, and detailed analytics. | Best for customizable lease reporting | Not available | Pricing upon request | Website |
| 2 |  Spacebase Spacebase's lease accounting dashboard displays key metrics, lease classifications, and upcoming payment deadlines | Best for custom journal entries | Free demo available | Pricing upon request | Website |
| 3 |  Visual Lease Visual Lease is a lease accounting software that simplifies compliance and management of lease portfolios with customizable reporting and automated processes. | Best for comprehensive lease portfolio management | Not available | Pricing upon request | Website |
| 4 |  Nakisa Nakisa lease accounting software automates compliance with IFRS 16, ASC 842, and local GAAP, offering end-to-end lease management for global enterprises. | Best for enterprise-grade lease and real estate management | Free demo available | Pricing upon request | Website |
| 5 |  Trullion Trullion is a lease accounting software that leverages artificial intelligence to automate lease accounting processes, ensuring compliance with accounting standards. | Best for real-time data, reporting, and accuracy | Not available | From $3,000/user/year | Website |
| 6 |  iLeasePro iLeasePro lease accounting software simplifies ASC 842 compliance and lease management with automation, accurate reporting, and critical date tracking. | Best for user-friendly tools and critical date tracking | Not available | From $99.95/user/month (billed annually). | Website |
| 7 |  Occupier Occupier lease accounting software modernizes lease management, administration, and compliance for commercial tenants, integrating real estate and accounting processes efficiently. | Best for commercial tenant lease management | Not available | Pricing upon request | Website |
| 8 |  Tango Analytics Tango lease accounting software automates compliance and financial management, providing comprehensive tools for lease administration and accounting. | Best for holistic lease administration and accounting | Free demo available | Pricing upon request | Website |
| 9 |  NetLease by Netgain Netlease by Netgain is a lease accounting software that automates compliance and reporting for ASC 842 and IFRS 16 standards. | Best for automated lease accounting compliance | Not available | From $880/user/year (billed annually) | Website |
| 10 |  Leasecake Leasecake lease accounting software centralizes lease management and compliance, ensuring timely renewals and accurate financials for commercial properties. | Best for AI-powered lease management | Not available | From $8/user/month (billed annually) | Website |
Best Lease Accounting Software
Here are my detailed reviews and analysis of the top lease accounting software. Each review will cover the advantages and drawbacks, key functionalities, and ideal use cases.
Rubli Lease Accounting Solution improves lease management and compliance with automated calculations and comprehensive reporting. It ensures accuracy and efficiency for businesses handling lease accounting under ASC 842, IFRS 16, and GASB 87 standards.
Why I picked Rubli Lease Accounting Solution: I chose Rubli Lease Accounting Solution for its highly customizable reporting options. Its flexibility in tailored reports makes it ideal for businesses to meet unique compliance needs.
Standout features & integrations:
Rubli Lease Accounting Solution offers customizable reporting, compliance management, and detailed analytics.
Integrations include QuickBooks, Xero, NetSuite, SAP, Oracle, Microsoft Dynamics 365, JD Edwards, PeopleSoft, Workday, and MRI Software.
Pros and cons
Pros:
- Detailed analytics
- Compliance management
- Customizable reporting
Cons:
- Limited customization of user interface
- May require additional setup time
Spacebase is a cloud-based lease accounting and management solution designed to help businesses handle their lease portfolios efficiently. It assists organizations in complying with accounting standards like ASC 842 and IFRS 16, ensuring accurate financial reporting.
Why I picked Spacebase: I like its ability to classify leases as operating, finance, or short-term using a guided checklist, which simplifies compliance with standards such as ASC 842 and IFRS 16. This feature ensures that your lease accounting aligns with regulatory requirements, reducing the risk of non-compliance. Additionally, Spacebase offers custom journal entries, allowing you to create reports that fit your accounting team's workflow.
Standout features & integrations:
Standout features include headcount tracking and utilization, invoice validation and approval, a mobile-optimized interface, customizable modules, lease abstraction options, role-based permissions, activity tracking, data export capabilities, and automated notifications.
Integrations include QuickBooks, Xero, Sage Intacct, MRI Software, Yardi, Procore, VTS, Salesforce, and Google Workspace.
Pros and cons
Pros:
- Simplifies compliance with accounting standards such as ASC 842
- Rent collection tools
- Automated journal entries
Cons:
- No mobile app
- Initial data import can be time-consuming
Visual leasing simplifies leasing portfolio administration and assures compliance with accounting requirements. It provides sophisticated reporting and automated processes to help with lease management and financial oversight.
Why I picked Visual Lease: I chose Visual Lease for its comprehensive lease portfolio management. It stands out with well-built features for various compliance standards and intuitive features for smooth lease management processes. It is ideal for full-scale lease portfolio management, providing a holistic view of lease data to help businesses manage leases efficiently and stay compliant with regulations.
Standout features & integrations:
Standout features include automated compliance with lease accounting standards and configurable reporting options, allowing users to customize reports according to their specific needs and preferences, as well as centralized lease management. The software provides audit-ready financial reports and a detailed audit trail for all lease activities.
Integrations include SAP, Oracle, Microsoft Dynamics 365, QuickBooks, NetSuite, Sage, Workday, Yardi, MRI Software, and JD Edwards.
Pros and cons
Pros:
- Automated compliance
- Full-scale lease portfolio management
- Financial reporting and a detailed audit trail
Cons:
- Limited customization options
- May require extensive setup
Nakisa upholds IFRS 16, ASC 842, and local GAAP compliance, enabling global organizations to manage their leases comprehensively. It provides capabilities for centralizing lease data, reporting, and integrating with ERP systems to help expedite leasing operations and ensure accuracy.
Why I picked Nakisa: I chose Nakisa for its enterprise-grade lease and real estate management capabilities. It stands out due to its robust features tailored for large enterprises, offering comprehensive tools for managing large-scale lease portfolios and real estate assets.
Standout features & integrations:
Standout features include enterprise-grade lease and real estate management, compliance with accounting standards, and detailed reporting.
Integrations include QuickBooks, Xero, Sage Intacct, MRI Software, Yardi, JD Edwards, PeopleSoft, SAP, and Oracle.
Pros and cons
Pros:
- Detailed reporting
- Compliance support
- Enterprise-grade solutions
Cons:
- May require training
- Limited customization
Trullion lease accounting software uses AI to automate compliance and financial reporting, enhancing accuracy and efficiency for accounting teams. It upgrades tedious lease management processes by providing real-time data and integration with various financial systems.
Why I picked Trullion: I chose Trullion for its AI-powered lease accounting automation capabilities. It stands out due to its use of AI, making it the best for AI-powered lease accounting automation by creating intuitive processes and ensuring compliance with ASC 842 and IFRS 16 standards.
Standout features & integrations:
Standout features include AI-powered lease accounting automation, compliance with ASC 842 and IFRS 16, and real-time data and financial system integrations.
Integrations include QuickBooks, NetSuite, SAP, Oracle, Microsoft Dynamics 365, JD Edwards, PeopleSoft, Yardi, MRI Software, and Sage.
Pros and cons
Pros:
- AI automated reporting features
- Compliance with ASC 842 and IFRS 16
- AI-powered automation
Cons:
- Limited to lease accounting
- May require customization
iLeasePro automates operations, provides accurate data, and tracks crucial dates to simplify ASC 842 compliance and lease administration. It offers a user-friendly interface for effective leasing portfolio administration and financial supervision.
Why I picked iLeasePro: I chose iLeasePro for its intuitive lease management and compliance features. It stands out due to its user-friendly tools, making it the best for intuitive lease management and compliance because it simplifies lease management and ensures compliance with ASC 842 and IFRS 16 standards.
Standout features & integrations:
Standout features include user-friendly lease management tools, compliance with ASC 842 and IFRS 16, and innovative reporting capabilities.
Integrations include QuickBooks, NetSuite, SAP, Oracle, Microsoft Dynamics 365, JD Edwards, PeopleSoft, Yardi, MRI Software, and Sage.
Pros and cons
Pros:
- Advanced reporting features
- Compliance with ASC 842 and IFRS 16
- User-friendly tools
Cons:
- Limited to lease management
- May require customization
Occupier lease accounting software simplifies lease management and compliance for commercial tenants, integrating real estate and accounting processes. It provides tools for lease administration, transaction management, and portfolio reporting, enhancing efficiency and accuracy.
Why I picked Occupier: I chose Occupier for its specialized focus on commercial tenant lease management. Its ability to speed up lease administrative tasks and ensure compliance with lease accounting standards makes it a top choice. Occupier stands out for its tailored solutions for various industries and roles, making it best for commercial tenant lease management.
Standout features & integrations:
Standout features include automated lease accounting workflows, real-time updates, and compliance with ASC 842 and IFRS 16,
Integrations include QuickBooks, Xero, Sage Intacct, MRI Software, Yardi, Procore, VTS, Salesforce, and Google Workspace.
Pros and cons
Pros:
- Real-time updates
- Strong compliance features
- Tailored for commercial tenants
Cons:
- May require some setup and training
- Limited to commercial tenants
Tango optimizes legal and financial management by providing comprehensive tools for lease administration and accounting. It offers a comprehensive solution for leasing management, ensuring accuracy and efficiency through detailed reporting and smooth connectivity with many financial systems.
Why I picked Tango: I chose Tango for its holistic lease administration and accounting capabilities. It stands out for integrating lease administration and accounting functions, providing a complete solution for managing leases.
Standout features & integrations:
Standout features include holistic lease administration and accounting, compliance with accounting standards, and detailed reporting.
Integrations include QuickBooks, Xero, Sage Intacct, MRI Software, Yardi, JD Edwards, PeopleSoft, SAP, and Oracle.
Pros and cons
Pros:
- Detailed reporting
- Compliance support
- Holistic solutions
Cons:
- Slight learning curve
- Limited customization
Netlease by Netgain is designed to keep you compliant with ASC 842 and IFRS 16 standards. It automates lease data management, ensuring accurate reporting and efficient accounting processes.
Why I picked NetLease by Netgain: I chose NetLease by Netgain for its comprehensive automation capabilities in lease accounting compliance. The software stands out for its ability to automate complex tasks, compliance, and reporting, making it a top choice for organizations needing reliable compliance solutions.
Standout features & integrations:
Standout features include automated compliance with ASC 842, IFRS 16, and GASB 87, audit-ready reporting, and AI-powered lease abstraction. It also offers out-of-the-box reports for disclosures, journal entries, and balance roll forward.
Integrations include NetSuite, QuickBooks, Xero, Sage Intacct, Microsoft Dynamics 365, SAP, Oracle, Workday, BlackLine, and Coupa.
Pros and cons
Pros:
- Audit-ready reporting
- AI lease abstraction
- Automated compliance
Cons:
- Requires setup time
- Limited customization
Leasecake provides AI-powered lease accounting and administration solutions suited to industries such as food and beverage, health and fitness, medical, and retail.
Why I picked Leasecake: I chose Leasecake for its innovative use of AI in lease management. Its ability to expedite processes and provide critical date reminders makes it a top choice. Leasecake excels in AI-powered lease management with its user-friendly interface and focus on simplicity.
Standout features & integrations:
Standout features include AI-powered lease abstraction, critical date reminders, and financial oversight.
Integrations include QuickBooks, Xero, Sage Intacct, MRI Software, Yardi, Procore, VTS, Salesforce, and Google Workspace.
Pros and cons
Pros:
- Critical date reminders
- User-friendly interface
- AI-powered features
Cons:
- May not suit large enterprises
- Limited to lease management
Other Lease Accounting Software
Below is a list of additional lease accounting software that did not make it into my top 10 list but are still worth checking out.
- Cradle Accounting
For expedited financial reporting
- Odessa
For integrated lease and loan management
- Sage Intacct
For scalable lease accounting solutions
- Xero
For small business landlords
- FinQuery
For financial query automation
- LeaseAccelerator
For global lease management
- ResMan
For property management integration
- Accruent
For compliance and reporting
- MRI Real Estate Software
For comprehensive lease administration
- UGAAP
For GAAP compliance
Related Reviews
If you still haven’t found what you’re looking for here, check out these other tools that we’ve tested and evaluated:
Selection Criteria for Lease Accounting Software
When selecting the best lease accounting software to include in this list, I considered common buyer needs and pain points like compliance with new accounting standards and managing large volumes of lease data. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Track lease/real estate agreements
- Calculate lease liabilities
- Generate financial reports
- Ensure compliance with accounting standards
- Manage lease renewals and terminations
Additional Standout Features (25% of total score)
To help further narrow down the competition, I also looked for unique features, such as:
- Integration with ERP systems
- Customizable reporting tools
- Automated lease classification
- Real-time data analytics
- Mobile access for lease management
Usability (10% of total score)
To get a sense of the usability of each system, I considered the following:
- Intuitive user interface
- Ease of navigation
- Customization options
- Learning curve
- Visual design aesthetics
Onboarding (10% of total score)
To evaluate the onboarding experience for each platform, I considered the following:
- Availability of training videos
- Interactive product tours
- Access to webinars
- Use of chatbots for guidance
- Provision of templates for quick setup
Customer Support (10% of total score)
To assess each software provider’s customer support services, I considered the following:
- Availability of 24/7 support
- Multiple support channels
- Response time to inquiries
- Quality of support documentation
- Access to a dedicated account manager
Value For Money (10% of total score)
To evaluate the value for money of each platform, I considered the following:
- Competitive pricing
- Transparent pricing model
- Inclusion of all necessary features
- Flexibility in pricing plans
- Return on investment potential
Customer Reviews (10% of total score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- Overall satisfaction ratings
- Frequency of positive feedback
- Commonly mentioned drawbacks
- Customer retention rates
- Testimonials regarding customer support
How to Choose Lease Accounting Software
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
|---|---|
| Scalability | Choose software that grows with your business. Ensure it can handle increased lease volumes and complexities without sacrificing performance. |
| Integrations | Look for seamless integration with your existing systems like property management ERPs and CRMs. This ensures data consistency and reduces manual entry for your team. |
| Customizability | Opt for solutions that let you tailor features to your specific needs, such as custom reporting or workflows. This helps in addressing unique business processes. |
| Ease of Use | Prioritize user-friendly interfaces that require minimal training. This enhances productivity and reduces the learning curve for your team. |
| Budget | Evaluate the total cost of ownership, including upfront costs and ongoing fees. Make sure it aligns with your financial plan. |
| Security Safeguards | Ensure robust security features like data encryption and user access controls to protect sensitive financial information. |
| Compliance | Verify that the software supports the latest accounting standards like IFRS 16 or ASC 842, ensuring your compliance with regulations. |
| Support & Training | Choose providers offering comprehensive support and training resources. This aids your team in maximizing software utilization. |
Trends for Lease Accounting Software
In my research, I sourced countless product updates, press releases, and release logs from different lease accounting software vendors. Here are some of the emerging trends I’m keeping an eye on:
- AI Integration: AI is being used to enhance lease data analysis, helping users identify patterns and anomalies. This makes it easier for businesses to make informed decisions. For example, some vendors are using AI to automate data entry, reducing errors and saving time.
- Blockchain for Compliance: Blockchain is gaining traction as a way to improve transparency and compliance. It provides an immutable record of transactions, which is valuable for audit trails. This technology is being explored by vendors to ensure data integrity and security.
- Predictive Analytics: Predictive analytics tools are being integrated into lease accounting software to forecast financial outcomes. This feature helps companies anticipate costs and manage leases more effectively. Vendors are leveraging this to offer insights into future leasing trends.
- Customizable Dashboards: Users are demanding more control over their data visualization. Customizable dashboards allow users to tailor the software to their specific needs, improving user experience and efficiency. Some vendors offer drag-and-drop features to create personalized views.
- Enhanced Compliance Management: As regulations evolve, software that keeps pace with compliance requirements is crucial. Vendors are updating their platforms to automatically reflect changes in lease accounting standards, ensuring businesses remain compliant without manual updates.
What Is Lease Accounting Software?
Lease accounting software helps organizations manage and comply with lease accounting standards, ensuring accurate financial reporting and adherence to regulations like ASC 842, IFRS 16, and GASB 87.
Used by accountants, consultants, rental property owners, and compliance officers, it tracks, manages, and reports on lease agreements. Components include lease data management, classification, financial reporting, and tools for calculating lease liabilities, right-of-use assets, and generating disclosure reports, facilitating efficient record-keeping and regulatory compliance.
Features of Lease Accounting Software
Ready to upgrade beyond manual lease calculations, tired spreadsheets, and get your business audit-ready? When selecting lease accounting software solutions, focus on essential features, including:
- Centralized Lease Database: A centralized database stores all lease-related information in one place, including asset-level lease terms, payment schedules, tenant details, and critical dates. This ensures that everyone is working with the most up-to-date data and enhances data management for emerging standards like emissions.
- Automated Lease Tracking and Notifications: Automated tracking and notifications help organizations stay on top of important lease events and deadlines, minimizing the risk of missed deadlines and costly penalties.
- Financial Reporting and Analysis: Robust financial reporting capabilities enable the generation and configuration of reports, such as accounting roll forward and expense reconciliations. Advanced analytical tools allow for evaluating lease performance and making data-driven decisions.
- Compliance with Lease Accounting Standards: Compliance with standards like ASC 842 and IFRS 16 is crucial. The software should automate lease accounting processes, ensuring that financial statements align with regulatory requirements.
- Integration with Other Business Systems: Seamless integration with accounting, property management, and ERP systems synch data flow, reduces manual data entry, and enhances collaboration between departments.
- Customizable Reporting and Dashboards: Customizable reporting and dashboards allow organizations to tailor the software to their specific needs, making it easier to monitor lease performance and make informed decisions.
- Document Management: A document management feature enables the storage, organization, and access to lease-related documents, ensuring that the team always has access to the most current and accurate information.
- User-Friendly Interface and Easy Implementation: The software should be intuitive and easy to implement, with comprehensive training resources to help the team quickly learn and adopt the software.
- Scalability and Flexibility: The software should be scalable and flexible, allowing for the addition of new leases, properties, or users as needed. It should also adapt to changing lease accounting standards and regulations.
- Security and Safety: Strong security measures, such as SSL encryption and regular backups, ensure that company information remains secure and accessible only to authorized personnel. Lease accounting software platforms undergo rigorous SOC audits to ensure the security and reliability of their system and organization controls, providing peace of mind to users regarding data integrity and confidentiality.
Benefits of Lease Accounting Software
Leverage lease accounting software to streamline lease management and ensure compliance with accounting standards. Here are several benefits of lease account software:
- Enhanced Accuracy: The software minimizes human errors by automating calculations and data entry, ensuring that your balance sheet figures add up correctly.
- Regulatory Compliance: Lease accounting software helps organizations stay compliant with accounting standards such as ASC 842 and IFRS 16, reducing the risk of non-compliance penalties while ensuring adherence to local FASB, IASB, or GAAP requirements, depending on your jurisdiction.
- Time Efficiency: By automating routine tasks and providing real-time updates, the software saves significant time for accounting teams. Reduced errors and routine balancing means your CPA team is set up to meet audit deadlines promptly, meaning less overtime during peak audit periods.
- Improved Financial Reporting: The software generates comprehensive and accurate financial reports, providing valuable insights into lease liabilities and assets for better decision-making.
- Centralized Data Management: It consolidates all lease-related information in one place, making it easier to access, manage, and analyze lease data across the organization.
Costs and Pricing for Lease Accounting Software
Selecting lease accounting software requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in lease accounting software solutions:
Plan Comparison Table for Lease Accounting Software
| Plan Type | Average Price | Common Features |
|---|---|---|
| Free Plan | $0 | Basic lease tracking, limited reporting, and email support. |
| Personal Plan | $10-$20/user/month | Lease management, standard reporting, email support, and user access control. |
| Business Plan | $30-$50/user/month | Advanced lease management, comprehensive reporting, integrations, and support. |
| Enterprise Plan | $60-$100/user/month | Customizable features, dedicated account manager, API access, and premium support. |
Lease Accounting Software FAQs
Here are some of the commonly asked questions about lease accounting software:
Can lease accounting software handle multiple leases?
Yes, most lease accounting software is designed to handle multiple leases across various asset types and locations. It can manage a large volume of leases, providing a centralized platform for tracking and reporting all lease-related information.
Is lease accounting software suitable for small businesses?
Lease accounting software can be beneficial for businesses of all sizes, including small businesses. While larger enterprises may have more complex lease portfolios, small businesses can also benefit from the automation, accuracy, and compliance support that lease accounting software provides.
What support and training options are available for new users?
Many providers offer comprehensive support, including onboarding assistance, training sessions, and customer support to help users maximize the software’s benefits.
What security measures are in place to protect sensitive lease data?
Robust software includes encryption, access controls, and regular security audits to safeguard sensitive financial and lease information.
How does the software facilitate collaboration among different departments?
It offers centralized data access, role-based permissions, and real-time updates to enable seamless collaboration between finance, accounting, and legal teams.
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