Lease Accounting Software Simplified

ASC 842 | GASB 87 | IFRS 16

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EZLease Lease Accounting Software for ASC 842, IFRS 16, GASB 87 compliance overview video

See how easy lease accounting can be.

Get compliant in hours so you can meet every deadline.

EZLease ensures Fast lease accounting compliance

Fast setup

Map to General Ledger (GL) accounts. Select fiscal calendar. Set policies and controls. Use self-service bulk import to load and validate leases.

EZLease checks the boxes for compliance with ASC 842, IFRS 16, and GASB 87


Simple compliance

Know the lease accounting is right, with built-in classification and governance for lessees and lessors. Comply with all relevant standards.

EZLease simplifies lease accounting compliance


Easy audit-ready close

Choose from 15 ready-to-use reports. Use step-by-step workflows to walk through the lease accounting close. Export ERP-ready data to stay in sync.

0 +
leases managed
$ 100
implementation fee
$ 100
hidden costs
5/5

Capterra reviews

Free lease accounting examples

Make compliance easier with ready-to-use ASC 842, GASB 87 and IFRS 16 examples
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Time is running out for FASB compliance!

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Think spreadsheets are easy?

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Buying guide

GASB 87 lease accounting software

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ASC 842 lease
accounting handbook

For companies who want to achieve and maintain compliance with the lease accounting standard

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Data sheet

The fastest, easiest way to comply with ASC 842, IFRS 16, and GASB 87. Guaranteed!

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Quick start guide

6 steps to finding and
loading lease data

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2021 Global Lease Accounting Survey Report

Leverage this survey’s benchmarks and maturity model to help you compare and identify improvements to your leasing process.

View report

Start with easy lease accounting tutorials

We figure you probably don’t do lease accounting every day. To make your job easier, we’ve built a few simple examples that show how the lease accounting works under the current and previous standards. Each example has step-by-step instructions for the accounting for Capital/Finance leases and Operating leases to get you started.

At a glance, get the basics on Finance and Operating leases under ASC 842 / IFRS 16 and learn how the accounting used to be under FAS 13 / IAS 17 so it’s easy to see the difference. Then, follow just a few steps to enter the data into EZLease.

Read. Learn. Test for free.

Capital/Finance leases

Operating leases

Capital/Finance leases

Capital/Finance leases

Capital/Finance leases

Operating leases

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See how EZLease works.

EZLease | Lease Management & Data validation |
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EZLease Lease Accounting Software for ASC 842, IFRS 16, GASB 87

Can your spreadsheet do all this?

Lease Accounting Engine & Subledger

  • Lessee, lessor: Designed to account for every type of lease transaction.
  • Document repository: Store all of your documents in one repository.
  • Balance sheet & income statements: Balance sheet and income statement (P&L) activity by period with ending balances presented by lease and consolidated.

Classification, policy elections, & judgements

  • Automatic classification: Automatic classification and capitalized value / rate computations for every lease, including detailed results of all capital / operating tests.
  • Practical expedients: Automatic application of practical expedient elections.
  • Lease and non-lease components: Native handling of lease and non-lease components.

Disclosures & reporting

  • Footnotes disclosure: Complete footnote disclosures of future rent commitments.
  • Consolidation reporting: Can be subtotaled and consolidated based on user-defined criteria.
  • Catch-up accounting: A lease that started prior to the current reporting period can be added to the database with a current booking date so that prior reports are unaffected.
  • Locking journal entries: Lock your journal entries to ensure consistency with your general ledger.

Classification, policy elections, & judgements

  • Bulk importing: Import a spreadsheet for quick implementation.
  • Customized fields: Customize data fields for import.

Data upload

  • Gregorian, 4/4/5, 13 period calendars: Any and all fiscal calendars can be maintained in the database.
  • Contingent rents: Contingent rents (variable lease payments) tracked separately from minimum lease payments. Seven different types of contingent rent can be recorded individually.
  • Notice dates: Automatic reminders of rent changes, lease expirations, and user-defined events.
  • Month-to-month lease extensions: Month-to-month lease extensions keep lease active after expiration.
  • Correction terminations: Correction terminations permitted to reverse activity previously booked without affecting closed reporting periods.
  • Historic data: A true lease accounting subledger can run all historic and future accounting from a single database.

Training

  • Video walkthroughs: Online user-guides and video tutorials to help guide you through transition.

System requirements

  • EZLease is a cloud-based application and can be accessed from all major, current browsers.

Try EZLease lease accounting software today!

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