Trullion review

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.

Who it is for

Teams that want AI contract extraction and a source-linked audit trail

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• OCR and AI extraction of names, dates and payment terms from PDF or Excel lease contracts
• ASC 842, IFRS 16, GASB 87 and FRS 102 support
• Dual IFRS 16 and ASC 842 reporting from a single contract record
• Real-time accounting for lease modifications
• Audit logs that trace each change back to the contract

Strengths and weaknesses

• Strength: Every journal entry and disclosure links to its source document
• Strength: Supports four lease standards, including UK FRS 102
• Strength: Same platform also covers audit and revenue workflows
• Weakness: No published pricing
• Weakness: Lease accounting is one module of a wider accounting and audit AI platform
• Weakness: Fewer lease administration features, such as critical date workflows, than Occupier

Key facts

• Standards: ASC 842, IFRS 16, GASB 87, FRS 102
• Data entry: AI and OCR from PDF or Excel
• Dual reporting: Yes, from one contract record
• Pricing: Demo and quote

Where it ranks

Trullion is No. 8 in our Best Lease Accounting Software verdict.