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Lease accounting software helps manage and mitigate financial risks associated with lease portfolios by streamlining lease administration and accounting tasks. It is commonly used by platforms overseeing multiple real estate leases, providing a comprehensive solution that automates lease tracking and accounting processes. This software centralizes lease portfolio management, automating tasks such as tracking journal entries, maintaining audit trails, and classifying leases as either operating or financing leases—tasks that were traditionally performed manually. While lease accounting functionality has existed within broader lease administration or real estate asset management systems, today’s specialized software ensures compliance with regulations set by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). In addition to preparing businesses for financial audits and reviews, lease accounting software typically integrates with ERP systems to automate the generation of general ledger journal entries. It can also connect with existing accounting software, providing full transparency across the entire lease portfolio.
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Trullion
trullion.com
Trullion is an AI-driven platform that automates accounting processes, focusing on lease accounting, revenue recognition, and audit workflows for accuracy and compliance.
Occupier
occupier.com
Occupier is lease management software that facilitates the entire commercial lease lifecycle, enabling collaboration and compliance with accounting standards.
EZLease
ezlease.com
EZLease is lease accounting software that helps lessees and lessors manage lease data, ensuring compliance with accounting standards and facilitating financial reporting.
Cradle Accounting
cradleaccounting.com
Cradle is a cloud-based lease accounting software that simplifies compliance with IFRS 16/ASC 842, handling calculations and reporting without complex setup.
Spacebase
spacebaseapp.com
Spacebase is a lease accounting software that ensures compliance with lease accounting standards and provides customizable reporting and implementation support.
NetLease
netgain.tech
NetLease automates lease accounting compliance with ASC 842, IFRS 16, and GASB 87, integrating with NetSuite for efficient lease management and reporting.
Leasecake
leasecake.com
Leasecake is a management platform for multi-unit operators to organize and track lease agreements, obligations, and related documents efficiently.
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