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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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Occupier
occupier.com
Occupier is the only lease management software that powers the entire commercial lease lifecycle. Our software enables real estate, operations, construction, accounting & finance to collaborate with external stakeholders like tenant-rep brokers, auditors, CPA firms in one tool. Occupier combines Lease Administration, Lease Accounting, and Transaction Management into a single, automated platform — for a zero-friction lease management experience. The Occupier software solution helps companies make better real estate decisions and ensures compliance with lease accounting standards. Occupier helps your team with planning and negotiating new leases, managing critical dates of existing obligations, and/or reporting on FASB ASC 842 and IFRS 16 lease accounting standards. Occupier ensures your teams are eliminating costly errors, getting ahead of key decisions and managing the entire lease lifecycle for you company.
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.
Leasecake
leasecake.com
Leasecake is a real estate and location management platform so multi-unit operators can reduce risk and focus on running their business. Our all-in-one platform provides a modern solution for managing every aspect of location obligations: - Lease Renewals & Contract Expirations - Tenant Obligations - Occupancy Costs - Due Diligence/Negotiations - Financial Audits/ ASC 842 And we don't stop there. Leasecake is strategically designed for multi-unit operators who know lease management is only the tip of the iceberg. Go beyond the lease and use Leasecake to manage: - Business Licenses - Warranties and Permits - Contact Information - Franchise Agreements - Utility Requirements - Any Contract As your portfolio grows, your risk increases. Protect yourself from common threats encountered by franchise and independent business owners.
NetLease
netgain.tech
Make compliance with ASC 842, IFRS 16 and GASB 87 easy by simplifying and automating lease accounting with NetLease by Netgain. That’s just the beginning. The new lease accounting standard is here. Businesses of all sizes need to comply with significantly expanded reporting requirements. NetLease supports lease reporting and decision making for businesses of all sizes, from small businesses with few leases up to large, complex, multi-division enterprises with international leases. Simply enter lease data into NetLease and--with the push of a button--get automated, error-free lease amortization schedules and the required disclosures. Audits coming? Seeking financing? You’ll need a simple lease accounting solution. With automated disclosure reporting, roll-forward and waterfall reports, support for operating and financing leases, automatic modifications and terminations, and a complete audit trail, NetLease is a must-have for GAAP compliance this year. NetSuite users can embed lease accounting right into their core financial system, allowing for automated posting to the general ledger (GL) and complete drill-down from report to transaction. NetLease for NetSuite allows users to access existing customizations of your NetSuite system and is backed by the might of Oracle’s security and data management practices. NetLease is available for lessees and lessors.
Spacebase
spacebaseapp.com
Spacebase lease accounting software makes it easy to comply with the new lease accounting standards, including ASC 842, IFRS 16, and GASB 87. Our CPA approved, cloud-based software is user-friendly, customizable, and easy to implement. We offer a no-cost implementation project, custom journal entries that can integrate with your ERP, and the ability to import your custom FX rates. Our software includes a range of accounting reporting, including journal entries, balance sheet reports, roll forward reports, GL reconciliation reports, and disclosure reports. Get a quote today to see why over 500 of our clients rely on Spacebase to simplify their lease accounting compliance.
EZLease
ezlease.com
EZLease lease accounting software is a fast, easy, and secure way for lessees and lessors to achieve and maintain compliance for ASC 842, GASB 87, GASB 96, and IFRS standards. The solution features an advanced lease accounting engine, and other critical functions required to achieve and maintain compliance, including: - Record-to-report automation - Leasing subledger - Monthly close with locking periods - General ledger upload - Multi-company accounting - Multi-factor authentication With over 15 years of successful implementations across private, government and public organizations of all sizes around the world, EZLease manages and automates lease data management, lease accounting, and reporting, leveraging customer-first support and deep accounting expertise. Learn more at www.ezlease.com.
Cradle Accounting
cradleaccounting.com
Watch a 6-minute demo here - https://www.cradleaccounting.com/insights/cradle-lease-accounting-demo Cradle is a cloud-based lease accounting software solution made by accountants for accountants. We pride ourselves on our ease of use, engineered for lease accounting compliance, and above and beyond customer support. Built to handle portfolios and company structures of any size, we've got your lease accounting covered. We have no smoke and mirrors regarding pricing. Unlike our competitors, you can sign up today with no sales calls or training required! Complying with the IFRS 16/ASC 842 financial reporting requirements will no longer be a time-consuming exercise if you use Cradle. All you need to do is input the contractual details, your accounting judgments (don't worry, we let you know which ones those are), and your lease accounting is done. We then calculate the lease liability and right of use asset and all financial reports, including disclosures. Our calculation methodology is accurate to the cent when compared to the examples provided by the standard setters. Finally, run the report of your choice -- journals, balance sheet, income statement, or disclosures for any date range. No need to stress about modification accounting either. Our intuitive UI means all changes are captured and easy to review. Furthermore, we offer a team of qualified accountants in customer support to answer any of your questions. We've made Cradle so you can focus on the critical areas of your business!
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