Finance & Accounting
Lease Accounting Software
Lease accounting software calculates and maintains the numbers the standards demand — the right-of-use (ROU) asset, the lease liability, interest expense and amortization — for every real-estate, equipment and vehicle lease you hold. It replaced the spreadsheets most teams used before ASC 842, IFRS 16 and GASB 87 moved leases onto the balance sheet.
This guide compares the leading lease accounting platforms on what matters to finance and technical-accounting teams: standards coverage, remeasurement and modification handling, disclosure reporting, pricing and, critically, how cleanly each one posts its lease journal entries back into your ERP general ledger.
Under ASC 842 and IFRS 16, each lease produces a monthly stream of entries — initial recognition of the ROU asset and lease liability, then interest accretion, liability paydown and ROU amortization. The deciding factor between tools is whether that stream lands in your GL automatically, correctly coded, or has to be re-keyed every close.
Compare lease accounting software
| Product | Works with | Pricing | Deployment |
|---|---|---|---|
| AMTdirectLease accounting and administration software for ASC 842, IFRS 16 and GASB 87 compliance. | SAP, Oracle, Microsoft Dynamics | Quote-based | Cloud |
| CoStar Real Estate ManagerLease accounting and administration platform for ASC 842 and IFRS 16 compliance. | SAP, Oracle, NetSuite | Quote-based | Cloud |
| EZLeaseLease accounting software for ASC 842, IFRS 16 and GASB 87/96 compliance. | SAP, Oracle, NetSuite | $4,000/year | Cloud |
| IBM TRIRIGAIntegrated workplace management system for real estate, space, facilities and lease accounting. | SAP, Oracle | Quote-based | Cloud/On-premises/Hybrid |
| LeaseAcceleratorEnterprise lease accounting and lifecycle management for ASC 842 and IFRS 16 compliance. | SAP, Oracle, NetSuite | $20,000/year | Cloud |
| LeaseHarborLease administration and accounting software for ASC 842, IFRS 16 and GASB 87 compliance. | SAP, Oracle, NetSuite | Quote-based | Cloud |
| LeaseQuery by FinQueryCloud lease accounting software that automates ASC 842, IFRS 16 and GASB 87 compliance. | NetSuite, Sage Intacct, SAP | Quote-based | Cloud |
| LucernexCloud lease accounting and real estate lifecycle platform for ASC 842, IFRS 16, GASB 87. | SAP, Oracle, Workday | Quote-based | Cloud |
| Nakisa Lease AdministrationEnterprise lease accounting software for IFRS 16, ASC 842 and GASB 87 compliance. | SAP, Oracle, Workday | Quote-based | Cloud |
| NetLease by NetgainLease accounting software automating ASC 842, IFRS 16 and GASB 87 compliance. | NetSuite, QuickBooks Online | Tiered by lease count | Cloud |
| OccupierLease administration and ASC 842/IFRS 16 lease accounting software built for commercial tenants. | NetSuite | Per-lease, per-module subscription (quote-based) | Cloud |
| ProLeaseLease accounting and administration software for ASC 842, IFRS 16 and GASB 87 compliance. | SAP, Oracle, Workday | Quote-based | Cloud |
Lease Accounting add-ons by ERP
Compare only the options that work with your ERP:
What is lease accounting software?
Lease accounting software is a tool that stores every lease contract, extracts its economic terms — payments, term, discount rate, options and index-linked escalations — and then applies ASC 842, IFRS 16 or GASB 87 to produce compliant accounting. From those terms it builds the amortization schedules for the right-of-use asset and lease liability, calculates monthly interest and amortization, and generates the journal entries that post to your general ledger. Good platforms also handle the hard parts: remeasurements when a lease is modified, reassessments of options and discount rates, impairment, short-term and low-value exemptions, and multi-currency or multi-entity portfolios. On top of the calculation engine they produce the roll-forwards, maturity analyses and quantitative disclosures auditors expect, and maintain the audit trail behind every number. The best tools connect directly to your ERP so the entries they generate flow into the ledger without manual export — turning lease accounting from a spreadsheet-and-copy-paste exercise into a controlled, repeatable close process.
How to choose lease accounting software
Standards coverage (ASC 842 / IFRS 16 / GASB 87)
Confirm the engine handles the standards you report under — including dual-reporting if you file under both US GAAP and IFRS — with correct classification, discount-rate logic and exemptions.
Remeasurement & modification handling
Leases change constantly. The tool must automate remeasurements for modifications, index/rate resets, option reassessments and terminations, rebuilding schedules and catch-up entries without manual rework.
Journal entry generation & GL posting
Look for automatic, correctly-coded entries for ROU asset, lease liability, interest and amortization — not just a schedule you have to transcribe into your accounting system.
ERP / GL integration
A certified or API-based connector to your ERP — NetSuite, SAP, Oracle, Microsoft Dynamics, Sage or Workday — so lease journal entries post to the right accounts, entities and cost centres each period.
Disclosure & audit reporting
Built-in roll-forwards, maturity analyses, weighted-average term and discount-rate disclosures, and a complete audit trail behind every calculation to support the financial statements.
Pricing & portfolio scale
Pricing usually scales with lease count and modules; confirm how it grows as your portfolio, entities and currencies expand, and whether implementation is quoted separately.
Lease Accounting that works with your ERP
The feature that separates a lease tool teams trust from one they fight is how it posts to the ERP general ledger. Under ASC 842 and IFRS 16 every lease throws off a monthly stream of entries — the initial ROU asset and lease liability, then interest accretion, liability reduction and ROU amortization — and each has to hit the correct GL accounts, entity, department and cost centre. A best-in-class platform writes those journal entries straight into NetSuite, SAP, Oracle, Microsoft Dynamics, Sage or Workday with the right coding, so month-end close doesn't hinge on exporting a spreadsheet and re-keying it. Because we profile each product with its specific ERP connectors, you can shortlist only the tools that post cleanly into your system of record.
Frequently asked questions
What is the best lease accounting software?
The best lease accounting software depends on your reporting standards, portfolio size and ERP. Teams reporting under ASC 842 and IFRS 16 with a large or changing lease portfolio typically prioritise strong remeasurement handling, robust disclosures and a certified ERP connector; smaller portfolios can start with a lighter-weight tool. Compare the options below by standards coverage, remeasurement automation and ERP fit rather than by brand alone.
How much does lease accounting software cost?
Pricing usually scales with the number of leases and the modules you need, and most vendors quote based on portfolio size, entities and currencies rather than publishing flat per-user rates. Smaller portfolios may see entry-level annual subscriptions, while enterprise deployments with ERP integration, dual GAAP/IFRS reporting and multi-entity consolidation are typically quote-based. Each product page below lists the vendor's published pricing where available.
Does lease accounting software integrate with my ERP?
Most established vendors integrate with the major ERPs — NetSuite, SAP, Oracle, Microsoft Dynamics, Sage and Workday — via certified connectors or APIs, posting the ROU asset, lease liability, interest and amortization journal entries to the general ledger. Integration depth varies, so confirm support for your specific ERP and version before shortlisting; each profile below notes the ERPs it connects to.
What's the difference between ASC 842 and IFRS 16 in lease accounting software?
Both standards move leases onto the balance sheet as a right-of-use asset and lease liability, but they differ in the expense pattern: IFRS 16 uses a single model that splits every lease into interest and amortization, while ASC 842 retains an operating-lease classification whose total expense is recognised on a straight-line basis. Software that supports both applies the correct classification, discount-rate treatment and expense pattern automatically — important if you report under US GAAP and IFRS, or file under GASB 87 in the public sector — and generates the matching journal entries for each.