21+ Best lease accounting software [2025]

Lease accounting has come a long way from sprawling spreadsheets and late-night reconciliation headaches. 

With new standards like ASC 842 and IFRS 16 creating pressure for accuracy, transparency, and timeliness, businesses are turning to purpose-built lease accounting tools. The right lease accounting software goes beyond the standard compliance box checking to centralize lease data, automate journal entries, and improve audit readiness.

But with so many tools on the market, how do you find the one that fits your business best?

We’ve rounded up the best lease accounting software, breaking down their features, pricing, and pros and cons so you can make an informed decision. Whether you’re managing a handful of office leases or hundreds of equipment contracts, there’s a solution that can streamline your process and boost accuracy.

What is lease accounting software?

Lease accounting software helps businesses accurately manage and report on their lease obligations in compliance with standards like ASC 842, IFRS 16, and GASB 87 & 96. 

It replaces error-prone spreadsheets with a centralized system that automates key accounting tasks, such as calculating right-of-use (ROU) assets, lease liabilities, and amortization schedules. Many tools also include document management, deadline tracking, and role-based access to support collaboration across accounting teams.

Beyond compliance, lease accounting software improves visibility and control over lease portfolios. Organizations can streamline workflows, close the books faster, and reduce manual errors that impact financial reporting. 

Some platforms are fully embedded in enterprise resource planning (ERP) systems, while others integrate with a range of third-party tools. Whether managing a few operating leases or hundreds of assets across entities, the right software offers scalability, transparency, and greater confidence in financial data.

Benefits of lease accounting software 

Lease accounting software offers a wide range of operational and strategic benefits, especially for businesses managing complex lease portfolios under evolving accounting standards.

Centralizes data

By consolidating all lease agreements and related financial information into one system, lease accounting software eliminates the need for scattered spreadsheets and manual tracking. This centralization allows accounting teams to manage leases more efficiently across departments and business units. It also ensures that everyone is working from the same source of truth, reducing confusion and duplicate efforts.

Helps maintain compliance

Compliance with ASC 842, IFRS 16, and GASB 87 & 96 requires detailed tracking and reporting—something most spreadsheets simply can’t handle at scale. Lease accounting software automates compliance tasks like lease classification, ROU asset calculations, and journal entries. It also provides audit-ready documentation and clear visibility into lease liabilities, helping organizations avoid costly errors or restatements.

Enhances overall accuracy

Manual data entry is time-consuming and prone to mistakes. With automated calculations and built-in checks, lease accounting software significantly reduces the risk of human error. Accurate data leads to more reliable financial statements, better decision-making, and fewer surprises during audits.

Automates routine tasks

From lease payment schedules to monthly journal entries, the software automates repetitive processes that traditionally eat up time. This frees up accounting teams to focus on high-value work like strategic planning or analysis. Automation also supports faster month-end closes and improved operational efficiency.

Improves financial reporting

Lease accounting software generates standardized reports that align with accounting standards, making disclosures easier and more transparent. Customizable dashboards allow finance leaders to monitor lease performance and key metrics in real time. With cleaner data and better visibility, companies can make more informed decisions and respond faster to changing conditions.

Best lease accounting software

Below is a curated list of top lease accounting platforms, each offering distinct capabilities for organizations of varying sizes, industries, and technical needs.

1. NetLease by Netgain

Best for: Companies using NetSuite that want a seamless, fully native lease accounting solution

NetLease is a NetSuite-native lease accounting solution built to automate compliance with ASC 842, IFRS 16, GASB 87, and GASB 96. It eliminates the need for third-party integrations, enabling users to post journal entries, track right-of-use assets, and generate disclosures all in one place. Designed for scalability, NetLease supports both straightforward and complex lease portfolios with fast implementation and robust reporting.

Key Features:

• Embedded within NetSuite for direct general ledger (GL) posting and full ERP integration.
• Automatically generates amortization schedules and right-of-use asset tracking.
• Produces audit-ready financial disclosures and one-click journal entries.
• Enables ASC 842, IFRS 16, and GASB 87 & 96 compliance with continuous updates.
• Offers customizable workflows for lease entry, approvals, and processing.
• Includes automated reconciliation reports and lease clearing accounts.
• Supports CSV imports and historical lease data entry during implementation.
• Provides role-based access and internal controls for secure data handling.
• Available as part of a modular platform that includes financial close, fixed assets, and loan management tools.

Pros

• Fully embedded in NetSuite, removing the need for any external integrations. (Source)
• Easy to use, with intuitive workflows for setup, reporting, and modifications. (Source)
• Exceptional customer support with prompt, knowledgeable assistance. (Source)
  
  

Cons

• Some workarounds are needed for customizing standard reports. (Source)
  
  

Pricing: NetLease customizes its lease accounting services depending on your company’s lease volume, integration needs, and implementation scope. 

Book a personalized demo to see how NetLease makes your lease accounting faster and more compliant. 

2. FinQuery

Best for: Large organizations seeking reporting, internal controls, and ESG integration

FinQuery (formerly LeaseQuery) is a cloud-based lease accounting platform that automates amortization schedules, journal entries, and disclosures while supporting complex lease scenarios. Key differentiators include its GL flexibility, AI-assisted lease entry, and Certified Public Accountant (CPA)-approved outputs.

Key Features:

• GL integration supports syncing with NetSuite, SAP, QuickBooks, and other systems.
• Point-in-time reporting enables dual standard and variable lease tracking.
• Foreign exchange rate management remeasures or translates leases in multiple currencies.
• Read-only auditor access and push-button reporting streamline audit preparation.

Pros:

• Simplifies complex lease accounting with strong reporting tools. (Source)
• Helps manage and track leases across departments from a central platform. (Source)

Cons:

• Initial setup and onboarding can be time-consuming. (Source)
• Navigation can be confusing for infrequent users. (Source)

Pricing: Custom pricing based on lease volume, features, and deployment needs.

3. Visual Lease

Best for: Enterprises managing complex lease portfolios across global operations

Visual Lease centralizes lease data, streamlines compliance with ASC 842 and IFRS, and supports decision-making. The software integrates with major ERP systems and provides internal controls, audit trails, and configurable reporting tools for enterprise-scale organizations.

Key Features:

• Integrates with ERP systems for bi-directional syncing and consistent sub-ledger data.
• Provides configurable reporting tools, including ad-hoc and one-click roll-forward reports.
• Tracks audit trails for lease changes, approvals, and document management.
• Manages complex lease types such as subleases, sale-leasebacks, and lease incentives.

Pros

• Intuitive platform with strong reporting and ASC 842 features. (Source)
• Centralized lease information simplifies legal and accounting reviews. (Source)

Cons

• Reporting functionality is difficult to navigate for new users. (Source)
• Document upload limitations require workarounds for file storage. (Source)

Pricing: Custom pricing based on business size and needs

4. Nakisa Lease Accounting

Best for: Large enterprises using SAP or Oracle with complex lease accounting needs

Nakisa Lease Administration Suite is an enterprise-grade lease accounting platform that supports both lessees and lessors with features for abstraction, accounting, compliance, and reporting under ASC 842, IFRS 16, and local GAAP. Designed for high-volume, multi-entity environments, Nakisa offers deep configurability, native ERP integrations, and centralized data management.

Key Features:

• Asset-level accounting enables tracking and reporting for diverse asset types, including property, fleet, and equipment.
• Native integrations with SAP, Oracle, and Workday support data flow and eliminate manual reconciliation.
• Automated rent calculations support complex terms such as sales-based rent, Consumer Price Index (CPI) indexation, and tax adjustments.
• Multi-language and multi-currency functionality supports global operations and parallel compliance.

Pros:

• Integrates with SAP and offers flexible configuration for managing complex portfolios. (Source)
• Provides full traceability and supports financial reporting for IFRS 16 compliance. (Source)

Cons:

• Previous on-premise versions required extensive manual workarounds. (Source)
• Version upgrades may require retesting and user-side validation. (Source)

Pricing: Custom pricing based on portfolio size, deployment needs, and integrations.

5. Trullion

Best for: Finance teams wanting AI-powered lease abstraction and audit-ready reporting

Trullion is an AI-powered lease accounting platform designed to automate contract ingestion, lease calculations, and audit preparation. It uses optical character recognition (OCR) technology to extract data from PDF and Excel lease documents and maintains a source-based audit trail. 

Key Features:

• AI-powered OCR extracts key data fields from uploaded lease documents.
• Integrated Borrowing Rate (IBR) engine calculates incremental borrowing rates across asset classes and regions.
• Source-based audit trail logs and verifies every data point back to the original contracts.
• Offers exportable, audit-ready disclosure reports and journal entries for compliance reviews.

Pros:

• Features an easy-to-use interface that simplifies setup and onboarding. (Source)
• Offers a highly responsive support team that is hands-on during implementation. (Source)

Cons:

• Reporting section lacks a dedicated rollforward report for monthly reconciliation. (Source)
• SAP integration could be improved for smoother syncing. (Source)

Pricing: Custom pricing based on lease volume, features, and implementation scope.

6. EZLease

Best for: Teams needing fast, out-of-the-box compliance with minimal configuration

EZLease delivers lease accounting software built for compliance with ASC 842, IFRS 16, and GASB 87. Designed for lessees and lessors across real estate and equipment portfolios, EZLease automates lease data management throughout the accounting and reporting processes. 

Key Features:

• Automates compliance with ASC 842, IFRS 16, and GASB 87.
• Includes multi-currency functionality and IFRS 16/IAS 17 toggling for international entities.
• Offers both lessee and lessor functionality.
• Provides offline desktop installation for companies with internal security protocols.

Pros:

• Easy to use and intuitive for routine lease accounting tasks. (Source)
• Import and export functionality simplifies batch lease updates. (Source)

Cons:

• Report outputs require manual checks for accuracy before distribution. (Source)
• Complex lease revisions and terminations may lead to incorrect calculations. (Source)

Pricing: Custom pricing based on lease portfolio size and deployment needs.

7. LeaseAccelerator

Best for: Enterprises managing complex lease portfolios across global operations

LeaseAccelerator is an enterprise-grade lease lifecycle management platform that helps companies comply with ASC 842 and IFRS 16 while enabling divestiture decisions through scenario modeling and centralized data. Its integrated tools also support asset optimization, audit readiness, and operational reporting across global portfolios.

Key Features:

• Supports end-to-end lease lifecycle management, including termination, restructuring, and buyouts.
• Centralizes lease data for cross-functional visibility and faster decision-making.
• Offers scenario modeling tools to analyze financial outcomes of lease changes.
• Integrates with ERP and BI tools through robust APIs for real-time data sync.

Pros

• User-friendly interface with intuitive deal summaries and built-in training tools. (Source)
• Responsive support and helpful in-platform resources like Ask Alex. (Source)

Cons

• Report generation is slow and may cause timeouts for large data sets. (Source)
• Customer service lacks real-time options like chat or phone support. (Source)

Pricing: Custom pricing based on business size and implementation scope

8. BlackLine

Best for: Enterprise finance teams automating lease-related reconciliations and close processes

BlackLine integrates with CoStar, a lease accounting subledger solution that supports compliance with accounting standards. Layered onto BlackLine’s account reconciliation platform, organizations can use CoStar to automate lease data reconciliation, run their financial closes, and improve data consistency between the subledger and GL. 

Key Features:

• Integration with BlackLine enables automated reconciliation of lease subledger data during month-end close.
• API-based data transfer brings CoStar lease data into BlackLine's ecosystem for centralized processing.
• Output reports from CoStar are formatted to match BlackLine upload templates for easy data mapping.
• Supports further integration with BlackLine tools like journals and matching for end-to-end automation.

Pros

• Automates month-end close and boosts overall accounting efficiency. (Source)
• Consolidates all reconciliations in one platform, improving visibility. (Source)

Cons

• Delays in data sync can slow down reconciliations during critical periods. (Source)
• Some users find task management features less intuitive. (Source)

Pricing: Custom pricing based on deployment, integration scope, and number of users.

9. FloQast

Best for: Accounting teams automating close management and variance analysis

FloQast is primarily a close management solution that automates reconciliation, journal entry workflows, and variance analysis for accounting teams. It includes AI-driven tools for checklists, email automation, and flux explanations.

Key Features:

• Automates journal creation, validation, and approvals through an integrated close checklist.
• Auto-rec matches thousands of transactions and syncs data with ERP systems like NetSuite.
• Generates AI-driven checklists and flux variance explanations tailored to company attributes.
• Centralizes reconciliation processes with audit trails and secure documentation.

Pros

• Helps streamline reconciliations, month-end close checklists, and task tracking with strong ERP sync. (Source)
• Improves transparency, controls, and visibility for both team members and leadership. (Source)

Cons

• Reconciliation view requires jumping between windows, which slows down sign-off. (Source)
• AutoRec sync with ERP sometimes requires manual uploads for trial balance. (Source)

Pricing: Custom pricing based on company size and implementation scope.

10. Sage Intacct

Best for: Growing companies seeking scalable financial management with lease compliance add-ons

Sage Intacct is a cloud-based financial management platform that includes lease accounting functionality to support IFRS 16 and FRS 102 compliance. Designed for scalability, it integrates lease data into broader accounting workflows while offering detailed audit trails and secure access controls.

Key Features:

• Lease compliance tools automatically apply IFRS 16 and FRS 102 standards to financial data.
• Customizable reports and dashboards provide real-time visibility into liabilities and cash flow.
• AI-powered calculations support depreciation, interest, and liability management.
• Role-based access and audit-ready logs ensure secure, traceable lease data handling.

Pros:

• Robust reporting and dashboard tools improve financial transparency. (Source)
• Strong audit trail supports accountability and error tracking. (Source)

Cons:

• Initial setup and navigation can be overwhelming for new users. (Source)
• Customer support and product knowledge among sales staff could be improved. (Source)

Pricing: Custom pricing based on organization size, modules selected, and deployment scope.

11. Workiva

Best for: Organizations prioritizing integrated financial and ESG reporting with strong audit controls

Workiva integrates financial and ESG reporting, offering automation, collaboration, and audit-ready documentation. It recently went into partnership with Visual Lease to offer leasing accounting systems. 

Key Features:

• Automates data updates and ensures consistency across reports with real-time syncing.
• Includes Workiva AI for generating insights, assisting in audits, and speeding up workflows.
• Offers customizable workspaces and templates for different stakeholder reporting needs.
• Provides a complete audit trail, permissions control, and regulatory compliance tools.

Pros

• The platform is easy to use, with intuitive setup and helpful AI features. (Source)
• It reduces manual entry with automation and supports audit-ready collaboration. (Source)

Cons

• Formatting reports and tables can be time-consuming and overly manual. (Source)
• Customization and integration limitations can slow down more complex setups. (Source)

Pricing: Custom pricing based on portfolio size and feature requirements.

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12. Xero

Best for: Small businesses that need basic accounting with simple lease tracking add-ons

Xero is a cloud-based accounting software platform often used by landlords and small businesses to manage property finances, rent collection, and tenant records. It centralizes real-time financial tracking, automates bank reconciliation, and supports compliance with tax regulations. 

Key Features:

• GoCardless integration automates rent collection and simplifies payments.
• Record management stores contact details, purchase history, and invoices in one place.
• Bank reconciliation links directly to financial institutions for daily updates.
• Compliance tools support digital tax submissions.

Pros

• User-friendly platform with customizable reporting and automation tools. (Source)
• Strong onboarding experience and easy integration with banks and invoicing systems. (Source)

Cons

• Core budgeting and forecasting features are limited or require external tools. (Source)
• Navigation can be unintuitive, particularly for expense tracking. (Source)

Pricing: 

• Early: $20/user/month
• Growing: $47/user/month
• Established: $80/user/month

13. Crunchafi

Best for: Small to mid-sized businesses looking for fast, affordable ASC 842 compliance

Crunchafi is a cloud-based lease accounting platform that automates key tasks such as journal entries, amortization schedules, and footnote disclosures. Dual access functionality and built-in audit trails make it a collaborative tool for accountants and clients alike.

Key Features:

• Dual access allows accountants and clients to collaborate on lease data and reporting from a shared dashboard.
• Live and on-demand training offers support from CPAs, auditors, and former Financial Accounting Standards Board (FASB) staff.
• Annual Service Organization Control (SOC) 1 & SOC 2 reports verify controls for financial accuracy, security, and transparency.
• Push-button exports allow fast report downloads in Excel for audit and reconciliation needs.

Pros:

• Easy to set up leases and export audit-ready reports in Excel. (Source)
• Workflow is simple and intuitive, with strong support from CPAs and quick implementation. (Source)

Cons:

• Not user-friendly and produced incorrect schedules, leading to audit issues. (Source)
• Some users experienced delays in report downloads and integration complexity. (Source)

Pricing: Custom pricing based on use case.

14. Occupier

Best for: Commercial tenants across real estate, finance, legal, and facilities teams

Occupier provides lease management software designed for accounting teams across industries. It supports the entire lease lifecycle, from abstraction to administration and analytics, centralizing lease data for collaboration and compliance. 

Key Features:

• Lease abstraction organizes critical lease terms and clauses from documents into searchable, structured data.
• Task assignment and notifications automate key administrative workflows such as renewals, terminations, and critical dates.
• Custom reporting enables lease portfolio analysis, rent forecasting, and performance tracking.
• Document management centralizes leases and attachments for easy access and auditing.

Pros:

• Interface is intuitive and easy to navigate, with strong lease tracking capabilities. (Source)
• Implementation team was helpful and hands-on during onboarding. (Source)

Cons:

• Some lease clauses were misclassified, and corrections took longer than expected. (Source)
• Report exports to Excel could be better organized and customizable. (Source)

Pricing: Custom pricing based on portfolio size and implementation scope.

15. CoStar Real Estate Manager

Best for: Retail and corporate occupiers managing large, complex lease portfolios

CoStar Real Estate Manager is a lease management and accounting platform that supports compliance with ASC 842 and IFRS 16 while offering full lifecycle lease administration capabilities. The system combines lease data management, rent automation, and reporting tools, with extensive customer support and implementation services.

Key Features:

• Lease accounting compliance tools automate calculations and disclosures for ASC 842 and IFRS 16.
• Critical date tracking sends automated alerts for renewals, expirations, and rent escalations.
• Custom reporting tools allow users to build datasets for accounting and portfolio insights.
• ETL and admin controls enable mass updates, user permissions, and streamlined SOX compliance.

Pros

• CoStar consolidates lease and accounting data in one system, making reconciliation easier. (Source)
• Strong admin functionality and fast support response for critical issues. (Source)

Cons

• Reporting tools are limited by rigid datasets and can be difficult to manipulate. (Source)
• Support ticket response times can be slow for non-urgent issues. (Source)

Pricing: Custom pricing based on portfolio size, lease volume, and implementation needs.

16. MRI Lease Accounting

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Best for: Real estate-heavy organizations needing integrated lease administration and accounting

MRI ProLease is a lease management and accounting solution that offers a unified platform that supports both lease administration and lease accounting. Designed for varying portfolio sizes, MRI ProLease enables collaboration between real estate, finance, and administrative teams.

Key Features:

• Combines integrated lease administration and accounting in a single system for improved coordination across departments.
• Includes automated compliance tools for ASC 842, IFRS 16, and GASB 87 standards.
• Provides portfolio insight tools that deliver real-time visibility into lease obligations and key dates.
• Enables multi-user access controls for secure collaboration with role-based permissions.

Pros:

• Combines administrative and accounting functionality in one platform. (Source)
• Logical user flow makes setup and navigation intuitive. (Source)

Cons:

• Some accounting reports require workarounds to meet all disclosure needs. (Source)
• Uploading documents to one lease doesn’t make them accessible across a multi-lease property. (Source)

Pricing: Custom pricing based on lease volume, user count, and implementation scope.

17. Tango Lease

Best for: Companies needing both lease administration and accounting in one platform

Tango is a lease administration and accounting platform designed to help organizations comply with ASC 842, IFRS 16, and GASB 87 while actively managing all aspects of their lease lifecycle. The platform centralizes lease data and streamlines financial tasks, such as rent payments, reconciliations, and equipment lease oversight. 

Key Features:

• Critical date tracking monitors obligations, clauses, and key changes to ensure compliance.
• Centralized lease data capture consolidates key terms and dates across real estate and equipment leases.
• Rent and payment management generates rent rolls, handles exceptions, and supports lease structure optimization.
• Accounting compliance tools automate lease classification under ASC 842, IFRS 16, and GASB 87.

Pros:

• Fast performance and no major issues during trial use. (Source)
• Offers a versatile toolset for deeper lease data insights. (Source)

Cons:

• May not meet all functional needs depending on the use case. (Source)
• Some features could benefit from further development and refinement. (Source)

Pricing: Custom pricing based on portfolio size and feature requirements.

18. Spacebase

Best for: Businesses that frequently book and manage meetings or event spaces alongside lease needs

Spacebase is lease accounting and administration software designed to centralize portfolio data and support ASC 842 and IFRS 16 compliance. It offers tools for custom reporting, journal entry exports, and rent management. Notable features include an intuitive user interface, API support, and a lease abstraction service.

Key Features:

• Enables lease classification and compliance with ASC 842 and IFRS 16 through guided workflows.
• Supports custom journal entries and exports in formats compatible with Workday, NetSuite, and Oracle.
• Tracks and manages rent, operating expenses, and critical lease dates across the portfolio.
• Integrates with AP systems and provides approval workflows for financial controls.
• Offers custom reporting and exports to meet specific data and audit needs.

Pros

• User interface is simple and intuitive, making lease accounting processes easier to manage. (Source)
• API is reliable and easy to use for accessing lease and cost data. (Source)

Cons

• Historical data imports and accounting modifications can be limited. (Source)
• Sandbox environment requires manual refresh requests rather than automatic updates. (Source)

Pricing: Not publicly available on the website.

19. Rubli Lease Accounting Solution

Best for: IFRS 16 compliance with standout customer support and multi-entity reporting

Rubli is a cloud-based lease accounting solution for lessees and lessors managing real estate and equipment leases. It supports compliance with IFRS 16, ASC 842, and FRS 102, offering end-to-end automation for lease recognition, modifications, and reporting. The platform focuses on accuracy, customer support, and ease of use for enterprise-level lease portfolios.

Key Features:

• Automates lease classification, measurement, and modification tracking for IFRS 16, ASC 842, and FRS 102.
• Centralizes lease data management across portfolios, including multi-currency support.
• Generates financial reports and disclosures for internal and external reporting.
• Includes an interface designed for finance teams with minimal training needs.
• Offers onboarding and ongoing support for compliance and platform optimization.

Pros

• Exceptionally responsive and technically strong support team. (Source)
• Reliable reporting and multi-currency handling with accurate outputs. (Source)

Cons

• Lacks advanced AI capabilities like predictive insights or anomaly detection. (Source)
• Payment reports do not currently show VAT-inclusive/exclusive splits. (Source)

Pricing: 

• Essential: £99/month
• Professional: £249/month
• Enterprise: Custom pricing

20. iLeasePro

Best for: Small to mid-sized businesses looking for cost-effective, ASC 842-compliant software

iLeasePro is a lease accounting solution built for managing real estate and equipment leases under ASC 842. Designed for small to mid-sized businesses, the platform includes ERP integrations and tailored tools for short-term, operating, and finance leases.

Key Features:

• Automates ASC 842 journal entries including rent, interest, depreciation, and lease modifications.
• Includes a FASB lease classification wizard to guide accurate lease categorization.
• Integrates with ERP systems such as Sage Intacct for seamless journal processing.
• Offers predefined financial disclosure reports for use in monthly close and audits.

Pros

• The platform is user-friendly and simplifies a complex accounting process. (Source)
• Seamless integration with ERP systems like Sage Intacct improves efficiency. (Source)

Cons

• The platform does not currently support multi-currency or IFRS requirements. (Source)
• Grouping leases could be more intuitive and less manual. (Source)

Pricing:

• iLeasePro Free: $0/month
• iLeaseXpress: $99.95/month
• iLeaseXpress Unlimited: $149/month

21. Leasecake

Best for: Multi-location operators that value simplicity, reminders, and ease of use

Leasecake is a lease accounting and management platform that supports compliance with ASC 842 and IFRS 16. It centralizes lease documents, automates rent schedules and amortization calculations, and facilitates cross-team visibility. Designed to reduce financial risk, Leasecake is frequently used by finance, legal, and real estate teams in multi-location businesses.

Key Features:

• Centralizes lease documents, terms, rent schedules, and critical dates.
• Automates ASC 842 amortization calculations and monthly journal entry generation.
• Sends email notifications for lease expirations, renewals, and licensing deadlines.
• Integrates generative AI for lease abstraction and clause identification.
• Supports investor-ready reporting and structured data analysis for growth planning.

Pros

• Automates ASC 842 rent schedules and saves substantial reporting time. (Source)
• Gen AI tools speed up lease abstraction and clause identification. (Source)

Cons

• Initial lease setup can be time-consuming for companies with many leases. (Source)
• Limited flexibility for deleting locations, requiring archiving instead. (Source)

Pricing: Custom pricing based on business size and needs

How to choose lease accounting software: Features to look for

When evaluating lease accounting software, it’s important to look beyond basic functionality and consider whether the platform can meet your team’s long-term needs for compliance, reporting, and scalability.

1. Scalability

A good lease accounting solution should support your business as it grows from a handful of leases to a portfolio that spans multiple jurisdictions and entities. Look for tools that can handle increasing data volume without compromising speed or accuracy. Cloud-based platforms are often best suited for scaling quickly with minimal IT overhead.

2. Security and compliance 

Since lease data contains sensitive financial information, robust security features are essential. Choose software that offers encryption, access controls, and regular compliance updates aligned with ASC 842, IFRS 16, and GASB 87. Built-in audit trails and permission-based roles also help teams stay compliant and reduce risk.

3. Financial analytics and reportings 

Look for software that provides real-time dashboards and customizable reporting templates. This enables accounting teams to analyze lease impacts on the balance sheet, income statement, and cash flows without manual calculations. Advanced reporting also supports faster month-end closes and better strategic planning.

4. Document management functionality

A centralized document repository makes it easy to store, retrieve, and update lease agreements, amendments, and supporting documents. Some platforms include version control, expiration reminders, and OCR for scanned files. These features streamline audits and reduce the risk of missing critical terms.

5. Integration capabilities

Your lease accounting software should integrate with your existing systems, especially your enterprise resource planning (ERP) and GL platforms. Seamless data sync helps reduce the risk of errors from manual entries and ensures accuracy across financial systems. Look for platforms with open APIs or prebuilt connectors to reduce implementation time.

6. Customizable dashboards

Dashboards offer a visual way to track KPIs, upcoming obligations, and compliance status. The ability to customize what each team member sees helps improve workflow efficiency. It also makes it easier for stakeholders to understand complex lease data without diving into spreadsheets.

7. Ease of use

An intuitive interface can make a big difference, especially for teams transitioning from manual processes. Features like guided workflows, in-app help, and straightforward navigation help reduce training time and errors. User-friendly design is particularly valuable during onboarding or when handling high volumes of leases.

8. Customer support and training

Responsive customer service and thorough onboarding resources can significantly impact the success of your implementation. Look for vendors that offer hands-on support, live training sessions, and a knowledge base. Ongoing access to support ensures your team can resolve issues quickly and make the most of the platform’s features.

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Choose the right lease accounting software for your business

Once you’ve found the right lease accounting software, you’ll wonder how you ever survived without it. 

Tools like Netgain’s NetLease allow accounting teams to streamline complex workflows, reduce risk, and gain real-time insights into lease performance.

The purpose-built, NetSuite-native solution does away with spreadsheet errors and automates lease accounting from end to end. So whether you’re preparing for audits, expanding lease portfolios, or aiming for faster close cycles, Netgain helps your team stay confident and compliant.

Request a personalized demo to see how NetLease can transform your leasing processes.

Learn more about lease accounting software

What are recent trends in lease accounting software?

Recent trends in lease accounting software include increased automation, AI-driven data extraction, and stronger ERP integrations. Platforms are also focusing on real-time reporting, customizable dashboards, and built-in audit functionality to meet evolving compliance needs.

How much does lease accounting software cost?

Lease accounting software typically costs between $1,000 to $10,000+ per year, depending on features, number of leases, and deployment model. Some vendors offer tiered pricing or charge per lease, while enterprise solutions often develop custom quotes.

Can lease accounting software handle multiple leases?

Yes, lease accounting software is designed to handle multiple leases across property, equipment, and vehicles. Most platforms support bulk import, batch processing, and filtering by entity or department for easier management.

Is lease accounting software suitable for small businesses?

Yes, lease accounting software is suitable for small businesses, especially those with more than a few leases or subject to compliance standards like ASC 842. Scalable solutions and affordable plans make it accessible for smaller teams.

How does lease accounting software facilitate collaboration between departments?

Lease accounting software facilitates collaboration by centralizing data, assigning role-based access, and maintaining real-time visibility. Teams in accounting, legal, and operations can work from the same system without duplicate entries or missed deadlines.

What is the best lease accounting software?

The best lease accounting software depends on your business size, industry, and existing systems. We’d always advise accountants to look for user reviews and testimonials from real organizations to get a full picture of the best lease accounting software for them.

For organizations seeking an intuitive, NetSuite-native lease accounting solution that ensures compliance, streamlines workflows, and scales effortlessly, schedule a demo with NetLease today.