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User-friendly lease accounting software for regulatory compliance

Does your company depend on leased assets like real estate, equipment, and vehicles? This creates an extra layer of variability beyond the typical purchases, taxes, and revenue calculations. Lease management software automatically factors these elements into your operational data, giving you full financial control and ensuring compliance with evolving US regulations like ASC 842 and IFRS 16.
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How can lease accounting software help your business?

Lease accounting software centralizes and organizes your lease-related data. A lease accounting tool also tracks your lease obligations, ensuring timely payments and avoiding costly penalties or breaches of contract.

Ensure accuracy and compliance

Ongoing changes in US accounting standards for leasing agreements may pose compliance risks for companies. Lease accounting software tailored to ASC 842 and IFRS 16 automates calculations and reporting, ensuring accuracy and long-term compliance.

Save time and boost efficiency

Managing lease agreements manually can be time-consuming and prone to errors, affecting operational efficiency. Lease accounting systems streamline this process by seamlessly accessing and processing relevant data like lease terms, payment schedules, renewal options and asset details.

Improve financial visibility and risk management

Lack of visibility over lease accounting data might hinder businesses from making informed business decisions timely. Lease accounting software enhances financial transparency by providing comprehensive insights, audit-ready reporting, and automating regulatory compliance, eventually reducing financial risks.

Seamless integration and adaptability

Integrating new solutions into an existing system can be challenging. Lease accounting software is designed for seamless integration and adaptability, fitting effortlessly into your business infrastructure. It enhances functionality without causing downtime, saves you effort in managing lease information between systems, and ensures your financial operations continue smoothly.

Key features of our lease accounting software

Use a lease accounting tool to optimize costs, maintain compliance, and drive better leasing decisions.

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.

Efficient workflow automation

Configure workflow approvals, e-signatures and interest calculations for instant and accurate updates.

Security, alerts and adaptability

Control access to a flexible platform that manages payment reminders and lease expiration notifications.

Explore our lease accounting software

Ensure your business taxes comply with local requirements with our leasing accounting software. Explore our accounting solutions to fit your business size and needs perfectly.
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Lease accounting systems and management FAQs

Lease accounting software is designed to track and manage a company’s portfolio of leasing arrangements, automating the administration of terms, payments and compliance with regulations. 
It serves as a centralized repository for storing and managing lease data, and integrates with the company’s other financial systems to generate reports. It monitors lease obligations and calculates lease liabilities under established accounting standards, while also facilitating lease negotiation, renewal and termination processes.

While leases offer companies a flexible way of managing and minimizing costs, they also create new business relationships beyond the scope of the core business, exposing the company to additional variables and regulations. Lease accounting software is therefore an important ally in minimizing this administrative burden, while reducing the risk of missed payments, late fees, and other potential penalties. The software enables better-informed decision-making regarding lease portfolios and asset management strategies by providing real-time access to the relevant information.

Our lease accounting software works seamlessly with Sage core financial systems, allowing you to leverage your chart of accounts and render multi-dimensional reports. Our software automatically generates all the necessary lease accounting GL/AP journal entries and payments, eliminating errors and reducing the manual work of managing lease information between systems.

Minimal setup is required to implement our software. Beyond defining lease information, the Sage lease accounting tool automatically sets up chart of accounts, dimensions, AP approvals, payment processing, and controls. This means you can quickly and easily get up and running without disrupting your existing processes.

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