9 Best Lease Accounting Software of 2026

LeaseQuery is FinQuery's main lease accounting product and the broadest compliance set on this list for a single subledger: ASC 842, IFRS 16, FRS 102, GASB 87, GASB 96 and the federal SFFAS 54 standard. It produces journal entries, amortization schedules and the required quantitative disclosures, and handles the scenarios that break spreadsheets, including dual-standard reporting, custom calendars, variable payments, impairments, catch-up adjustments and multi-currency remeasurement. Controls are a strength: role-based access, an audit trail with lease change history, duplicate entry prevention, locked journal entries and read-only auditor access, backed by SOC 1 Type 2 reports issued twice a year. FinQuery says it integrates with any general ledger, naming NetSuite, Infor, Acumatica, Sage, Microsoft, SAP, QuickBooks and Workday, and it also sells a version built inside NetSuite. Support includes daily office hours with lease accounting analysts and more than 40 accountants on staff. The main drawback is that pricing is only available on request, so budget owners must go through sales.

LeaseGuru is the lightweight sibling of LeaseQuery, built for companies whose lease count fits on one hand or two. You enter lease terms and payments, and it calculates right-of-use assets and lease liabilities, then produces amortization schedules, monthly journal entries and pre-built quantitative disclosures under ASC 842 or IFRS 16. Everything exports to Excel, and a guest user seat lets an auditor view the numbers directly. FinQuery says the calculations are reviewed by its in-house CPAs. The pricing is the clearest in this category: Basic is free for 2 leases, Premium costs $1,099 per year for 10 leases and $1,925 per year for 15, and CPA firms can buy multi-company plans. The limits are real. Plans are lessee only, the ceiling is 15 leases per company, and anything beyond that sends you to LeaseQuery on a quote. For a company with a few office and equipment leases, that trade is usually fine.

Crunchafi, which sold its lease product as LeaseCrunch, builds lease accounting around the way accounting firms work. Its Dual Access feature lets a CPA firm and its client work in the same dashboard: the client enters lease data, the firm reviews it, and both can export journal entries, amortization schedules and footnote disclosures without trading spreadsheets. An AI feature reads an uploaded lease and fills in the term, dates and asset details. Coverage is wide for a mid-market tool: ASC 842, IFRS 16, FRS 102 Section 20 and GASB 87, 94 and 96, for both lessees and lessors. Crunchafi publishes annual SOC 1 Type II and SOC 2 Type II reports and says 750+ CPA firms and 30,000+ organizations use the product. Training comes live and on demand from a team that includes CPAs and former FASB staff. The pricing page lists features but no prices, so expect a sales conversation.

Visual Lease combines lease administration and lease accounting in one enterprise platform, and its accounting page focuses on the hard cases. It supports ASC 842, IFRS 16 and GASB 87 and 96, and handles modifications, impairments, terminations and abandonment throughout the life of a lease. The subledger takes master leases, embedded leases and subleases, plus sale-leaseback, lease incentives and related-party arrangements, which matters for companies with mixed real estate and equipment portfolios. Reporting includes one-click roll-forward reports that separate finance and operating leases, and an ad-hoc reporting engine for custom fields. Controls include approval workflows, access authorizations and an audit trail, and APIs connect journal entries to ERP systems and lease data to BI tools. AI lease abstraction is now available for data entry. Pricing is not published, and the breadth of the platform means implementation takes more effort than a self-service tool such as LeaseGuru or iLeasePro.

Occupier starts from lease administration and adds accounting on top, which suits restaurant, retail, fitness and healthcare operators whose real estate team already manages dozens of locations. The Lease Accounting module calculates right-of-use assets, lease liabilities and monthly amortization, handles rent escalations, modifications and terminations, and supports ASC 842, IFRS 16, GASB 87 and FRS 102. Reports include footnote disclosures, roll-forwards, maturity schedules and a trial balance, and journal entries export to your ERP, with a pre-built NetSuite integration. The practical advantage is shared data: when real estate records an amendment or a new commencement date, finance sees it immediately rather than at audit time. Pricing is per active lease and per module with unlimited users, but Lease Accounting requires a Lease Administration plan, every plan has a 20-lease minimum, and implementation is quoted separately. Occupier says most teams go live in 4 to 6 weeks.

iLeasePro is one of the few lease accounting vendors that publishes its prices, and that transparency is its main appeal. iLeaseXpress covers up to 15 leases for $149 per month in the default calculator setting, can be cancelled at any time, and exports to Excel. The full iLeasePro plan removes the lease cap, adds 50+ reports, a Sage Intacct integration and virtual support with 5 free hours, but requires a contract, with 10% off for two years and 15% off for three. The accounting engine starts with a FASB Classification Wizard that classifies each lease, then generates journal entries, amortization schedules and disclosure reports, with an audit trail and an annually audited SOC 1 Type 2 report for your auditor. Critical date alerts cover expirations, options and insurance renewals. The trade-off is scope: the site is built around ASC 842 and does not list IFRS 16 or GASB, so multinational or public sector teams should look higher on this list.

Nakisa sells an enterprise lease accounting suite alongside its lease administration and real estate products, and it is designed for organizations that run several ERPs across many countries. The software supports IFRS 16, ASC 842 and GASB 87 and handles high contract volumes, which Nakisa puts at 100,000+, across equipment, property, land and fleet assets, multiple currencies, languages and irregular calendars. Payment handling covers variable rent, percentage rent, CPI indexation and multi-vendor schedules, and users can review journal entries before posting. Its clearest advantage is integration: native bidirectional connections to SAP, Oracle and Workday, SAP FI-AA and general ledger integration, and REST APIs for tools such as BlackLine. Nakisa ships two major releases a year with updates every six to eight weeks. The cost is complexity and opacity: there is no published pricing, and the configuration options and segregation-of-duties workflows assume a large finance organization.

Trullion approaches lease accounting from the document up. You upload lease contracts as PDF or Excel, and its OCR and AI extract the parties, dates, payment terms and other details, which then feed lease schedules, journal entries and disclosure reports under ASC 842, IFRS 16, GASB 87 or FRS 102. Its differentiator is traceability: every figure links back to the clause it came from, and audit logs record each change, which shortens auditor questions about where a number originated. Trullion also handles lease modifications in real time and lets multinational teams run IFRS 16 and ASC 842 side by side from one contract record. Lease accounting is part of a broader AI platform for accounting and audit, so firms that also want audit workflow or revenue checks get more from it. Pricing is quote-only, and there is less on the operational side, such as critical date management, than in lease administration suites.

EZLease is now part of insightsoftware, the company behind a range of finance tools including LeaseAccelerator. It aims at organizations that want a clear lease subledger rather than a full real estate system, and it supports ASC 842, IFRS 16, FRS 102 and GASB 87 and 96. Leases can be loaded in bulk from a template, which a JRayl Transport accountant credits for a smooth start with 850 leases, and the software produces the journal entries and the details needed for notes to the financial statements. insightsoftware claims customers see a 90% reduction in manual lease accounting work and 75% less audit prep time, figures that come from the vendor rather than independent testing. Public sector users such as Clark County appear in its case studies. The product page is thin on technical detail, such as integrations and reporting depth, and pricing comes through a form, so request a demo with your own lease data before committing.