Lease Accounting Software offers free lease accounting software which is easy to procure and install. Free lease accounting software is more flexible, but more difficult to procure and install. Gartner identifies Hyland Software as a leader in the field of lease accounting software.
Top 10 Lease Accounting Software for small, midsize and large business users to deploy and make changes quickly. Our top 10 lease accounting software comparison and reviews will help you select the best lease contract management system for your enterprise.
ZenTreasury Lease accounting
Streamline, simplify and automate your lease operations. ZenTreasury Leasing gives you an all-in one accounting and portfolio solution to help you achieve IFRS 16 compliance. ZenTreasury IFRS 16 calculations have been validated by an international audit firm.
Best For
Some of World’s leading companies use ZenTreasury.
ZenTreasury Lease accounting Pricing Overview
ZenTreasury Lease accounting pricing starts at €349.00 per feature, per month. They do not have a free version. ZenTreasury Lease accounting offers a free trial.See additional pricing details below.
Starting From: €349.00 /monthView vendor website Pricing Model: Per Feature
- Yes, has free trial
- No free version
PRICING DETAILS (Provided by Vendor):ZenTreasury Lease Accounting Software offers a 30-day free trial for new users, after which the software is available across 3 pricing tiers, details of which are outlined below – Basic – €349/month for Unlimited Users and up to 100 Contracts Pro – €649/month for Unlimited Users and up to 750 Contracts
Xero
Award-winning online accounting software designed for small business owners and accountants. Available on any computer or mobile device with an internet connection. Business finances and cashflow are updated in real time. Imports transactions from bank accounts. Unlimited user logins. Integrates with over 1,000 3rd-party business applications. Supports multiple currencies. Data is accessible through a single ledger, allowing accountants and clients to collaborate around finances.
Featured In
- ESTABLISHED PLAYERFund Accounting Software
- TOP PERFORMERTrust Accounting Software
- TOP PERFORMERInventory Control Software
- TOP PERFORMERAccounts Receivable Software
- EMERGING FAVORITERecurring Billing Software
Best For
All small and medium sized businesses and accounting & bookkeeping practices.
Xero Pricing Overview
Xero pricing starts at $5.50 per month. They do not have a free version. Xero offers a free trial.See additional pricing details below.
Xero Video and Images
Deployment & Support
DEPLOYMENT
- Cloud, SaaS, Web-Based
- Desktop – Mac
- Desktop – Windows
- Desktop – Linux
- Desktop – Chromebook
- On-Premise – Windows
- On-Premise – Linux
- Mobile – Android
- Mobile – iPhone
- Mobile – iPad
SUPPORT
- Email/Help Desk
- FAQs/Forum
- Knowledge Base
- 24/7 (Live Rep)
- Chat
TRAINING
- In Person
- Live Online
- Webinars
- Documentation
- Videos
CONTACT DETAILS
- Xero
- Located in New Zealand
- Founded in 2006
- https://www.xero.com
Xero Pricing
Starting From: $5.50 /month
- Yes, has free trial
- No free version
PRICING DETAILS (Provided by Vendor):Early: $5.50/month Growing: $16/month Established: $31/month
Sage Intacct?
Sage Intacct helps CFOs access integrated management and financial reports across their business entities in minutes not days to grow and drive their business. Sage Intacct is the AICPA preferred financial management product that allows your growing mid-sized business to go further, faster with the core financials you need to automate your most important processes, reduce your reliance on spreadsheets, and give you greater visibility into your business performance.
Featured In
- ESTABLISHED PLAYERFund Accounting Software
- NOTEWORTHY PRODUCTSubscription Management Software
- NOTEWORTHY PRODUCTNonprofit Software
Best For
Financial management solution designed to assist midsize organizations with managing accounts operations, general ledger, cash, and more.
Sage Intacct Video and Images
Deployment & Support
DEPLOYMENT
- Cloud, SaaS, Web-Based
- Desktop – Mac
- Desktop – Windows
- Desktop – Linux
- Desktop – Chromebook
- On-Premise – Windows
- On-Premise – Linux
- Mobile – Android
- Mobile – iPhone
- Mobile – iPad
SUPPORT
- Email/Help Desk
- FAQs/Forum
- Knowledge Base
- Phone Support
- 24/7 (Live Rep)
- Chat
TRAINING
- In Person
- Live Online
- Webinars
- Documentation
- Videos
CONTACT DETAILS
- Sage Intacct
- Located in United States
- Founded in 1999
- https://www.sageintacct.com/
Sage Intacct Pricing
Starting From:Not provided by vendor Pricing Model: Per User
- Yes, has free trial
- No free version
PRICING DETAILS (Provided by Vendor):Sage Intacct has not provided pricing details yet.
LeaseQuery
Lease accounting software from LeaseQuery, LLC.
LeaseQuery is a FASB ASC 842, IFRS 16, and GASB 87 lease accounting software solution. Essential features include error-free amortization schedules and journal entries, critical date alert setting, and data entry validation. With LeaseQuery, public and private companies, as well as government organizations, are able to meet auditor and regulatory requirements.
Primary Features
The primary features of LeaseQuery include:
Software Features
- Role-Based Access
- Locking Journal Entries
- Critical Date Alert Notifications
- Custom and Canned Reports
- Seamless Integration with Any ERP
Data Integrity
- Data Entry Validation
- Lease Change History Documentation
- Duplicate Prevention
- General Ledger Agnostic
Accounting Intelligence
- ROU Asset and Lease Liability Calculation
- Assessment of Lease and Non-Lease Components
- Contingent Rent
- Practical Expedient Application
- Borrowing Rate Charts
- Custom Calendars
International Considerations
- Multi-Currency
- Translation and Remeasurement
Reporting
Required disclosures for:
- ASC 840
- ASC 842
- IFRS 16
- GASB 87
- Legacy GASB
Target Market
LeaseQuery is used by individuals in:
- Finance and accounting teams
- Accounting firms
- Government organizations
Pricing Guide
LeaseQuery does not advertise pricing online. The software packages are priced per lease and include an unlimited number of users. There is no free trial available. There is no free version available.
Visual Lease
Lease accounting software from Visual Lease
Visual Lease is an enterprise lease accounting software and lease administration software in one that is designed for managing real estate and equipment leases. This solution integrates with ERP systems to give you complete control over your business operations.
Lease Accounting Features
- Journal Entry Reports
- Lease Reporting
- Classification of Finance and Operating Leases
- General Ledger and Accounts Payable Integration
Lease Administration Features
- Operating Expense and CAM Analysis
- Ad hoc Reporting
- Date Alerts
LeaseAccelerator
Lease accounting software from LeaseAccelerator
LeaseAccelerator is an enterprise lease accounting software solution that will ensure your business complies with the ASC 842, IFRS 16, and GASB 87 lease standards. LeaseAccelerator integrates with SAP, Oracle, and other ERP systems to synchronize your data. This system will help you track real estate, fleets, IT equipment, and other rental equipment assets.
Lease Accounting Features
- US GAAP and IFRS Reports
- Real Estate and Equipment Rental Lease Tracking
- Asset-Level Accounting
- Disclosure Reporting
- Audit Trail Documentation
Real Estate Lease Administration Features
- Centralized Contracts
- Rent Payment Tracking
- Track Contract Modifications and Rent Changes
- Invoice Management
- Budgeting and Forecasting
- Spend Analysis
Equipment Lease Management Features
- Renewals Management
- Equipment Returns management
- Buyouts Management
Lease Accounting Market Forecast Assumptions
Drivers and Inhibitors of 2023 Lease Accounting Applications Market Projections
- Adoptions of Lease Accounting applications by publicly-traded companies in 2019 are expected to surpass those of privately-held organizations because of the former’s deadline pressures to apply the leasing standard for annual reporting beginning after December 2018, while the latter will begin after December 2019.
- Recent surveys place only 43% of public companies are implementing a Lease Accounting tool, suggesting the majority of those affected the most are still searching for the right solution. Capturing these accounts would require Lease Accounting applications vendors to deliver more templates for quick and easy data migration while investing heavily in professional services to handle the exceptions.
- The need to meet the new lease standard reporting could result in a mix of chaos and stop-gap measures, similar to recent compliance requirements like GDPR for safeguarding European privacy rights. Thusly Lease Accounting applications vendors will need to boost brand awareness and ecosystem building in order to be shortlisted by prospects.
- Our forecast assumptions call for a rapid pickup in demand for Lease Accounting applications by 2021 because of deadline pressures with sales beginning to level off through the forecast period.
- With a global installed base of more than 750 million Excel users including many in the accounting profession, meeting the new Lease Accounting reporting standard by using Excel – at least as a stop-gap measure – will be common. However, most companies will ultimately choose to adopt a more robust tool because of fears of noncompliance, limitations of Excel in a collaborative environment, and the increased popularity of Cloud services for financial reporting that have rendered the use of Excel obsolete.
- Our forecast assumptions estimate that the TAM for Lease Accounting applications could top 20,000 companies through the forecast period, while fewer than 200 companies would actually use Excel as a reporting substitute. That is based on growth trajectory of similar Cloud services for Customer Service and Support(popularized by Zendesk), Treasury and Risk Management(Kyriba and ION’s Reval) as well as IT Service Management(ServiceNow), all of which have been able to secure thousands of customers in a short amount of time because of their ease of use and ability to demonstrate superior value and efficiency gains over Excel-based solutions.
- Conversely, Excel-based reporting tools such as Excel4Apps(now a part of Insight Software) that are designed to prolong the use of Excel for ERP reporting remain a niche market with a little over 1,000 customers and 155,000 users even after more than a decade of extending the lifespan of a productivity tool that may end up costing users more time and resources because of its inherent limitations.
Inhibitors
- Impact of recent mergers and acquisitions in Lease Accounting and Real Estate Management applications markets could disrupt near-term investments as customers reevaluate the competitive landscape because of potential lock-in by acquisitive vendors like Fortive (Accruent, Gordian), Oracle (Aconex, Skire and Textura), Roper (Powerplan), Sopra Banking (Cassiopae), VTS (Hightower), and Wolters Kluwer (Tagetik).
- Pricing pressures will intensify as suite vendors like RealPage, Oracle, SAP, Yardi, etc. gun for increased market share at the expense of margin.
- Lease Accounting applications are typically priced between $100 and $1,000 per user per month. A major account with three to five users with hundreds of units on leases can pay anywhere between $30,000 and $100,000+ for use of Lease Accounting applications. Prices could tumble as vendors race to discount heavily to lure procrastinators and fence-sitters.
- Making Lease Accounting applications easy to use is critical for a new generation of users. More important is the need to make such implementations easy to run in order to help build business case for finance professionals by convincing them to prioritize Lease Accounting as the key to cost reduction and process improvement.
- The same priority applies to extend Lease Accounting to adjacent and suite products for facility and property management, a key purchase criterion that could put some best-of-breed players at a disadvantage.
Custom data cuts related to the Lease Accounting market are available:
- Top 100 Lease Accounting Vendors and Market Forecast 2018-2023
- 2018 Lease Accounting Market By Industry (21 Verticals)
- 2018 Lease Accounting Market By Country (USA + 45 countries)
- 2018 Lease Accounting By Region (Americas, EMEA, APAC)
- 2018 Lease Accounting Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
- 2018 Lease Accounting Market By Customer Size (revenue, employee count, asset)
- 2018 Lease Accounting Market By Channel (Direct vs Direct)
- 2018 Lease Accounting Market By Product
Conclusion
In this article, we have listed down the Top 10 lease accounting software that is available in the market. These can be a great help for small businesses that often struggle with managing the lease agreements on their own.