Best Lease Accounting Software in 2026: ASC 842 and IFRS 16 Compared

Best for: Companies with a handful of leases that want a free or low-cost self-serve start, with a path to FinQuery's full LeaseQuery platform as the portfolio grows.

• A free LeaseGuru account covers 2 leases, which lets a small business produce ASC 842 schedules and journal entries without a sales process.
• LeaseQuery adds dual-standard reporting, multi-currency remeasurement, locked journal entries and read-only auditor access for larger portfolios.
• The LeaseGuru pricing page shows two different figures for the same plans, and LeaseQuery pricing is only available through a quote request.

Our take: FinQuery, formerly LeaseQuery, covers two ends of the market. LeaseGuru is a self-serve tool for portfolios of 15 or fewer leases: the Basic plan is free for 2 leases, paid plans are billed annually by credit card, and the page lists a 10-lease plan at $999 to $1,099 per year depending on which section you read. It produces amortization schedules, monthly journal entries and disclosure reports reviewed by in-house CPAs, but support is not included. LeaseQuery is the full platform, with ASC 842, IFRS 16, GASB 87 and 96, SFFAS 54 and FRS 102, dual-standard reporting, impairments, multi-currency remeasurement, audit trails and SOC 1 Type 2 reports. In a trial, enter your two most complex leases and check the disclosure output. Compared with Occupier, FinQuery is more accounting-first; compared with LeaseAccelerator, it is easier to start with and better suited to small and mid-size portfolios.

Best for: CPA and audit firms, fractional CFOs and their clients who need shared access to lease calculations and audit-ready reports.

• Firm and client dual access means a CPA firm can run lease calculations for many clients while clients see their own data.
• Training and support are included in the per-lease plan, according to the pricing page FAQ.
• Per-lease rates are not published, so you cannot estimate cost without contacting sales.

Our take: Crunchafi, the company behind the LeaseCrunch lease product, is built with accounting firms in mind. Its lease accounting software supports ASC 842, GASB 87, 94 and 96, IFRS 16 and FRS 102, and lets firm staff and clients work in the same environment, which suits audit, client advisory and outsourced accounting practices. The pricing page says the product is priced per lease per year, with training and support included, but no rates are shown. SOC 1 Type II and SOC 2 Type II reports are available for firms that need to rely on the vendor's controls. In a demo, ask to see how a firm manages many client entities, how journal entries are exported, and how lease modifications are recorded and reviewed. Compared with FinQuery, Crunchafi is more oriented to the firm-client model. Compared with Occupier or Visual Lease, it does less lease administration and real estate workflow.

Best for: Retail, restaurant, fitness, healthcare and franchise operators that want real estate and finance teams working from the same lease records.

• Only active leases count toward pricing, and unlimited users means real estate, finance and brokers can share one system.
• Most customers go live in 4 to 6 weeks, with finance confirming discount rates and transition balances before the first close.
• The pre-built NetSuite integration and custom integrations are Enterprise-tier features, so lower tiers rely on journal entry exports.

Our take: Occupier combines lease administration and lease accounting, which suits companies where real estate teams negotiate and track leases and finance needs the numbers. Pricing is per active lease with unlimited users and a 20-lease minimum per tier; Basic, Professional and Enterprise cover administration, and lease accounting is a separately quoted add-on that requires an administration subscription. The accounting module computes ROU assets, liabilities and amortization, handles escalations, modifications and terminations, and produces footnote disclosures, roll-forwards and maturity schedules. Journal entries export in ERP-ready formats; a pre-built NetSuite integration is available on Enterprise. In a demo, check how a lease amendment entered by the real estate team flows to remeasurement and who approves it. Compared with FinQuery or Crunchafi, Occupier is stronger on administration and multi-location workflows; compared with Visual Lease, it is aimed more at mid-size operators than large enterprises.

Best for: Corporate accounting teams and auditors who want lease data extracted from contracts automatically and every figure linked back to the source document.

• AI extraction from uploaded contracts reduces manual abstraction when onboarding a large backlog of leases.
• Audit logs connect each change to the source contract, which supports both internal review and external auditors.
• The product page does not describe ERP integrations, so confirm how journal entries reach your general ledger.

Our take: Trullion approaches lease accounting from the document side. You upload lease contracts as PDF or Excel files, and the platform uses OCR and AI to extract names, dates, payment terms and other conditions, then calculates under ASC 842, IFRS 16, FRS 102 or GASB 87. Modifications are processed as they occur, and audit logs trace each change back to the source contract, producing journal entries and disclosure reports that are designed to be auditable. The company also serves audit firms, which shapes the emphasis on evidence. Pricing is quote-based. In a demo, upload a few of your own leases, including a scanned one, and measure how much extracted data needs correction. Ask specifically how journal entries are delivered to your ERP. Compared with FinQuery or Visual Lease, Trullion is more focused on AI-led data capture; compared with Occupier, it offers less real estate administration.

Best for: Mid-market and enterprise organizations, including public-sector bodies, that need lease administration, accounting and workflow approvals in one platform.

• Handles complex lease events such as subleases, sale-leasebacks and related-party leases alongside roll-forward reporting by lease type.
• Approval workflows, access authorizations and an audit trail support controlled lease data changes across teams.
• No published pricing, and the platform's breadth means implementation effort is higher than for self-serve tools.

Our take: Visual Lease is a lease administration and accounting platform owned by CoStar Group, which completed the acquisition in November 2024. The vendor says more than 1,500 companies use it. It supports ASC 842, IFRS 16 and GASB 87 and 96, and handles modifications, subleases, sale-leasebacks, incentives and related-party leases, with roll-forward reporting that separates finance and operating leases. APIs push journal entries to ERP systems and exchange data with BI tools, and approval workflows and access controls govern who changes what. There is also an ESG insights feature for sustainability reporting. Pricing is quote-based. In a demo, test a sale-leaseback or sublease scenario and review the approval workflow for a lease amendment. Compared with Occupier, Visual Lease covers more complex accounting events and larger organizations. Compared with LeaseAccelerator, it targets a broader mid-market and public-sector audience as well as large enterprises.

Best for: Large enterprises with thousands of real estate and equipment leases that need accounting, administration and lease-versus-buy analysis at scale.

• Scenario modeling for restructuring, early termination and lease-versus-buy decisions goes beyond compliance into portfolio decisions.
• Journal entries and lease data move to SAP through Excel templates with Process Runner, without custom IT work.
• It is sized for large enterprises, and the public product page does not list GASB standards.

Our take: LeaseAccelerator, part of insightsoftware since July 2024, is aimed at large enterprises with big real estate and equipment portfolios. It automates amortization schedules, interest accretion, ROU asset and liability calculations, and handles modifications, renewals and terminations under ASC 842, IFRS 16 and FRS 102. The platform states that it scales from 100 to more than 100,000 leases and supports bulk document import. Lease-versus-buy and early termination modeling help treasury and real estate teams make decisions, not just report. For SAP users, journal entries and lease data move through Excel templates with insightsoftware's Process Runner. Pricing is quote-based. In evaluation, ask for a reference customer with a similar portfolio size and ERP, and review how equipment leases from lessors are onboarded. Compared with Visual Lease, it is more enterprise-only; compared with FinQuery, it is heavier to implement but built for far larger volumes.