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.
Lease accounting software automates compliance with ASC 842, IFRS 16, and GASB 87—saving time, reducing errors, and giving you reliable data for better financial decision-making. If you're still managing leases in spreadsheets, you're risking inaccurate reporting, missed deadlines, and costly compliance gaps.
As someone who's spent years optimizing finance operations, I know firsthand how critical it is to have lease data you can trust. The right software does more than automate calculations. It supports your team with real-time visibility, customizable reporting, and integrations that reduce manual work across your tech stack.
This guide breaks down the best lease accounting tools for 2025. Whether you need streamlined workflows for a lean team or enterprise-grade solutions to handle complex lease structures, you’ll find software that aligns with your strategic goals and regulatory requirements.
Need expert help selecting the right tool?
Why Trust Our Accounting Software Reviews
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.
We invest in deep research to help our audience make better software purchasing decisions. We’ve tested more than 2,000 tools for different finance use cases and written over 1,000 comprehensive software reviews. Learn how we stay transparent & our accounting software review methodology.
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 | Best for custom journal entries | Free demo available | Pricing upon request | Website | |
| 2 | Best for customizable lease reporting | Not available | Pricing upon request | Website | |
| 3 | Best for comprehensive lease portfolio management | Not available | Pricing upon request | Website | |
| 4 | Best for automated lease accounting compliance | Not available | From $880/user/year (billed annually) | Website | |
| 5 | Best for expedited financial reporting | Not available | From $99/month (up to 10 agreements) | Website | |
| 6 | Best for enterprise-grade lease and real estate management | Free demo available | Pricing upon request | Website | |
| 7 | Best for AI-powered lease management | Not available | From $8/user/month (billed annually) | Website | |
| 8 | Best for user-friendly tools and critical date tracking | Not available | From $99.95/user/month (billed annually). | Website | |
| 9 | Best for integrated lease and loan management | Not available | Pricing upon request | Website | |
| 10 | Best for holistic lease administration and accounting | Free demo available | Pricing upon request | Website |
-
LiveFlow
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.9 -
Float Financial
Visit Website -
Vena
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.5
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.
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
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
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
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
Cradle Accounting complies with IFRS 16, ASC 842, GASB 87, and GASB 96, improving lease administration and reporting. It has specialized capabilities such as foreign exchange accounting and configurable leasing management, making it suitable for handling complex jobs and generating rapid financial reports.
Why I picked Cradle Accounting: I chose Cradle Accounting for its quick financial reporting and automation in lease accounting compliance. Its ability to handle complex tasks and provide instant financial reports makes it a standout choice. Cradle Accounting excels in automated lease accounting compliance with a user-friendly interface and comprehensive features.
Standout features & integrations:
Standout features include automated compliance, foreign exchange accounting, and customizable lease management.
Integrations include QuickBooks, Xero, Sage Intacct, MRI Software, Yardi, Procore, VTS, Salesforce, and Google Workspace.
Pros and cons
Pros:
- Customizable features
- User-friendly interface
- Automated compliance
Cons:
- Limited to lease accounting
- Pricing based on number of leases
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
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
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
Odessa manages tricky compliance requirements and lease administration by providing full origination, servicing, and reporting capabilities. It offers an end-to-end platform that smoothly connects with numerous financial systems, improving lease operations' efficiency and accuracy.
Why I picked Odessa: I chose Odessa for its integrated lease and loan management capabilities. It stands out due to its comprehensive suite of tools, making it the best for integrated lease and loan management because it combines both into a single platform.
Standout features & integrations:
Standout features include a comprehensive suite of tools for lease and loan management, versatile reporting features, compliance with accounting standards, and data management.
Integrations include QuickBooks, NetSuite, SAP, Oracle, Microsoft Dynamics 365, JD Edwards, PeopleSoft, Yardi, MRI Software, and Sage.
Pros and cons
Pros:
- Tailored reporting
- Lifecycle lease management tools
- Integrated lease and loan management
Cons:
- May be better suited to larger businesses
- May require customization
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
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.
- Occupier
For commercial tenant lease management
- Trullion
For real-time data, reporting, and accuracy
- Sage Intacct
For scalable lease accounting solutions
- DualEntry
For complex lease scenarios
- Xero
For small business landlords
- ResMan
For property management integration
- LeaseAccelerator
For global lease management
- CoStar Real Estate Manager
For real estate portfolio management
- MRI Real Estate Software
For comprehensive lease administration
- UGAAP
For GAAP compliance
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 is a financial tool that automates the tracking, classification, and reporting of lease agreements in accordance with standards like ASC 842, IFRS 16, and GASB 87.
Used by accounting teams, consultants, rental property owners, and compliance officers, it reduces manual errors, ensures timely disclosures, and improves audit readiness. It centralizes lease data and integrates with ERP systems to streamline month-end close and financial reporting.
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 (like auto dealerships or rental managers) 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, lease accounting software is built to manage multiple leases across different asset types and locations. You can track terms, payments, renewals, and compliance for each lease in one place, saving you time and minimizing manual errors.
Is lease accounting software suitable for small businesses?
Yes, small businesses can benefit from lease accounting software. Even with fewer leases, automation ensures compliance, timely reporting, and fewer manual mistakes. Look for scalable options that match your current needs and support future growth.
How does the software facilitate collaboration among different departments?
These tools centralize lease data and offer role-based permissions. Your finance, accounting, and legal teams can work together, update records, and ensure everyone accesses current lease data without confusion or duplication.
How does lease accounting software support ASC 842 and IFRS 16 compliance?
Lease accounting software solutions are designed to automate calculations and disclosures required for ASC 842 and IFRS 16. The system helps you maintain accurate records, generate compliant financial reports, and simplify transition and ongoing compliance workflows.
Can lease accounting software integrate with my existing ERP or accounting systems?
Yes, most lease accounting software vendors offer integrations with popular ERP and accounting platforms. This means you can sync lease entries, automate journal postings, and keep financial data consistent across all your systems.
What features make lease accounting software audit-ready?
Look for detailed audit trails, versioning, and document attachments. These tools let you trace every change, provide supporting documentation, and quickly respond to auditor inquiries, helping you pass audits efficiently.
How do lease modifications and re-measurements get handled in these platforms?
Most lease software offers guided workflows for lease modifications and re-measurements. The platform updates schedules and calculations automatically, ensuring ongoing compliance without the need for manual recalculations.
What types of leases can be tracked (real estate, equipment, vehicles, etc.)?
Lease accounting software typically supports various lease types, including real estate, office equipment, vehicles, and technology assets. You can manage all asset classes in one platform and apply the correct accounting treatment to each.
What's Next?
Ready to compound your abilities as a finance professional? Subscribe to our free newsletter.