search icon

Smart lease accounting software for effortless compliance

Do you manage leased assets like property, equipment, or vehicles? Tracking leases can be complex, especially when juggling financial reporting, budgets, and compliance. Our lease accounting software simplifies everything. It automates calculations, centralizes data, and ensures your business stays compliant with regulations like ASC 842 and IFRS 16—so you can focus on what matters most.

How lease accounting software can help your business

Managing leases doesn’t have to be a burden. Lease accounting tools streamline your processes, save time, and ensure your business stays ahead of evolving regulations. Here’s how it can make a real difference.

Stay compliant with ease

Keeping up with lease accounting standards like ASC 842 and IFRS 16 can feel overwhelming. Lease accounting software automatically applies the latest regulations, reducing the risk of costly errors or audit issues. With accurate and up-to-date compliance tools, you can focus on growing your business instead of worrying about penalties.

Save time and reduce manual work

Manually managing lease data across spreadsheets is time-consuming and error-prone. Software for lease accounting automates complex calculations, tracks key dates like renewals, and consolidates all your lease information in one place. This frees up your team to focus on strategic tasks that drive growth.

Gain full financial visibility

Understanding the financial impact of your leases is essential for confident decision-making. With real-time dashboards and reports, lease accounting software gives you a clear picture of your lease liabilities, right-of-use assets, and cash flow. This transparency empowers you to plan effectively and avoid surprises.

Scale with confidence

As your business grows, so do your lease obligations. Whether you’re managing a few contracts or hundreds, lease accounting systems adapt to your needs. It handles complex portfolios, supports multi-currency operations, and integrates seamlessly with your existing systems—keeping you ahead no matter how large or complex your operations become.

Key features of lease accounting software

Our lease accounting software combines powerful tools with effortless usability, helping you stay compliant, save time, and reduce complexity. These features are designed to meet the unique needs of your business, no matter your size.

Comprehensive lease management

Maintain control over finances and regulatory compliance with accounting software for your lease portfolio.

Compliance and reporting

Automatically align your lease accounting software with the latest ASC 842 and IFRS 16 standards.

Automated workflows

Simplify approvals, interest calculations, and updates with powerful, configurable automation tools.

Smart calculations

Leverage AI to automate depreciation, liability adjustments, and interest for precise lease accounting.

Robust security

Secure your sensitive lease data with user access controls and audit-ready transparency.

Explore our lease accounting solutions

Our lease accounting software is designed for businesses of all sizes, from small companies to large enterprises. With Sage, you can simplify lease management, stay compliant with regulations and focus on growing your business with confidence.

Sage Accounting

Flexible online accounting software for small businesses. Unlock potential, gain clarity, and save time.

Cloud accounting for solopreneurs and small businesses :

  • Customize, send and track invoices, quotes and estimates
  • Manage purchase invoices and suppliers
  • Forecast and control cashflow
  • Track performance with advanced reports
  • Calculate your GST/HST to submit to CRA

Sage Intacct<br><span class="text-highlight-ai" style="line-height:1.6;">with AI</span>

The leader in cloud accounting and financial management software. Perfect for scale-ups to global enterprises. Bespoke pricing, tailored to your business.
  • Track multiple accounts in real-time
  • Consolidate multiple entities and more in minutes
  • Collaborate from a single source of truth
  • Make strategic decisions with dimensional reporting and analytics
  • Open APIs allow multiple, stable, secure integrations

James Proctor

Director of Professional & Managed Services, Phase 3

You need your finance system to give you confidence in the data that you’ve got and that you’re invoicing correctly – that’s exactly what Sage Intacct gives us.

Lease accounting software FAQs

Lease accounting software helps businesses track and manage their leased assets, like property, equipment, and vehicles. It automates complex tasks such as calculating payments, tracking key dates, and ensuring compliance with regulations like ASC 842 and IFRS 162. 

By acting as a central hub for lease data, the software simplifies reporting, integrates with your financial systems, and keeps you in control of lease obligations. It also streamlines processes for lease negotiations, renewals, and terminations, saving time and reducing errors.

Managing leases can be complex, with challenges like tracking payments, staying compliant with regulations, and handling large volumes of data. Lease accounting software simplifies this process by automating calculations, centralizing data, and reducing the risk of errors. It helps businesses avoid missed payments, late fees, and compliance issues, while providing real-time insights into lease obligations. This empowers better decision-making, ensuring you stay in control of your lease portfolio and save valuable time.

Yes, our lease accounting software integrates seamlessly with Sage financial systems and other accounting and ERP platforms. It syncs with your chart of accounts and generates accurate lease accounting journal entries and payments automatically. This eliminates manual data transfers, reduces errors, and ensures your lease information is always up to date across all systems—saving you time and streamlining your workflows.

Setting up Sage lease accounting software is quick and straightforward. Once you define your lease information, the software automatically configures your chart of accounts, dimensions, AP approvals, payment processing, and controls. With minimal effort, you can integrate the software into your existing workflows and start managing your leases without disruption.

Absolutely. Lease accounting software for small businesses simplifies managing leases, ensuring compliance with standards like ASC 842 and IFRS 16. It automates complex calculations, centralizes data, and provides real-time insights—saving time and reducing errors. Even for small portfolios, this software eliminates manual processes and helps you make informed financial decisions with ease.

Lease accounting software is designed to scale with your business as your lease portfolio expands. By consolidating complex lease data into one platform, it streamlines management across multiple locations and currencies. 

Features like AI-powered automated workflows, real-time reporting, and compliance tools ensure accuracy and efficiency, even as lease arrangements grow more complex. For larger businesses and enterprises, Sage lease accounting software provides the flexibility and scalability needed to stay in control.

Get practical advice about leasing accounting

Sage advice

Explore practical accounting advice and resources drafted for companies of all sizes.
What is an order management system?

What is an order management system?

Discover how an order management system streamlines your order life cycle, improves supply chain visibility, and strengthens operational oversight.

Read More
Read More
Notes payable vs accounts payable: Differences and examples

Notes payable vs accounts payable: Differences and examples

What are notes payable vs. accounts payable, and how do both affect your finances? Learn the difference between these liabilities to keep your business healthy.

Read More
Read More
NAV meaning: net asset value formula and examples

NAV meaning: net asset value formula and examples

NAV meaning: net asset value is a fund’s assets minus liabilities, divided by shares. Learn the NAV formula, calculation steps, and examples.

Read More
Read More
What is the order to cash process?

What is the order to cash process?

Order to cash (O2C) is the end-to-end process from customer order to payment received. Learn the key steps, KPIs, and how to optimize your O2C cycle.

Read More
Read More
What is the order fulfillment process?

What is the order fulfillment process?

What is order fulfillment, and how does the order fulfillment process work? Learn the key steps, common models, and ways software can improve efficiency.

Read More
Read More
Order processing explained: Steps, systems, and best practices

Order processing explained: Steps, systems, and best practices

Learn what order processing means, how sales order processing works, and how to improve order processing in supply chain management.

Read More
Read More
Is accounts payable a debit or credit?

Is accounts payable a debit or credit?

Is accounts payable a debit or credit on your business ledger? Learn how to accurately record accounts payable to get a clear picture of your finances.

Read More
Read More
What is expense management?

What is expense management?

What is expense management? Learn how the process supports employee claims, reimbursements, HR admin, and your bottom line.

Read More
Read More

Want to find out more about our lease accounting software solutions?

Expert advice

If you want to explore our lease accounting software further, please reach out. We're here and ready to connect with you.