What is the best lease accounting software?

[denjoshep]

I'm currently exploring lease accounting software options and would appreciate recommendations based on real-world experiences.

 

[deepak]

2025's Best Lease Accounting Software

Lease Inquiry

Ideal for automated amortization plans. cloud-based solution that complies with GASB 87, IFRS 16, and ASC 842. Perfect for medium-sized to large businesses handling intricate lease portfolios.

Formerly known as LeaseCrunch, Crunchafi Lease Accounting

Ideal for small to mid-sized businesses and certified public accountants. high user satisfaction ratings and an easy-to-use interface. supports compliance with GASB 94, GASB 87, and ASC 842.

 

[tonny]

Accounting Solution for Rubli Leases

Ideal for lease reporting that can be customized. cloud-based solution with customized reporting features that is appropriate for businesses needing particular lease accounting functions.

 

[niyati]

There isn't a single "best" lease accounting program because the best option relies on the particular requirements of a business, including its size, complexity, and necessary features. Leading choices include Xero, which is well-liked by small firms, LeaseQuery (also known as FinQuery) for its high customer satisfaction and range of organization sizes, and Visual Lease, which is frequently mentioned for large portfolios. Other leading competitors, such as Yardi Corom and Nakisa, are known for their integrated asset management and enterprise-grade features, respectively.

 

[Oscar]

LeaseQuery can be regarded as the most appropriate lease accounting software, which provides good compliance with ASC 842 and the IFRS 16, automation, reporting capabilities, and simplicity with its usage regardless of the business scale.

 

[OlivaRock]

The best lease accounting software that has full compliance with ASC 842 and IFRS 16 are LeaseQuery, Visual lease, NetLease, EZLease, and Trullion. In the case of smaller businesses, Leasecake is an easier to use and less expensive option. The optimal solution is based on the size, complexity, and requirement of ERP integration of the company.

 

[Daxton]

The best lease accounting software depends on business needs, but popular choices include LeaseQuery, Visual Lease, and CoStar Real Estate Manager. They simplify lease compliance, ASC 842 and IFRS 16 reporting, and offer automation, accurate tracking, and robust reporting tools.

 

[Andrew Alwin]

There isn’t one universal “best” lease accounting software. It largely depends on your ERP ecosystem and compliance needs. For organizations already using Microsoft Dynamics 365 Finance, the native lease accounting capability is often the best choice because it supports IFRS 16 and ASC 842, integrates directly with GL, fixed assets, and reporting, and avoids data silos or third-party integrations. For companies outside the Microsoft stack, popular alternatives include LeaseQuery and Visual Lease for standalone compliance-focused needs, Nakisa for SAP-centric enterprises, and Oracle or NetSuite lease accounting for organizations already on those ERPs. In practice, the best solution is the one that aligns most closely with your existing ERP, lease complexity, and audit requirements.