Visual Lease review

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.

Who it is for

Enterprises with complex real estate and equipment portfolios

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Compliance with ASC 842, IFRS 16 and GASB 87 and 96
• Handles modification, impairment, termination and abandonment across the lease lifecycle
• Master leases, embedded leases, subleases, sale-leaseback and related-party leases in one subledger
• One-click roll-forward reports and an ad-hoc reporting engine
• APIs for ERP sync of journal entries and data flow to BI tools

Strengths and weaknesses

• Strength: Integrated approval workflows and access authorizations support internal controls
• Strength: AI lease abstraction for automated data entry
• Strength: Lease management and sustainability reporting sit in the same platform
• Weakness: No published pricing
• Weakness: Built for enterprise portfolios, so it is more system than a small company needs
• Weakness: FRS 102 is not listed among supported standards on the lease accounting page

Key facts

• Standards: ASC 842, IFRS 16, GASB 87, GASB 96
• Lease types: Master, embedded, subleases, sale-leaseback
• Integrations: ERP and BI tools via APIs
• Pricing: Quote only

Where it ranks

Visual Lease is No. 4 in our Best Lease Accounting Software verdict.