How we make this list: we compare pricing pages, product documentation and public user reviews. Rankite is independent; if a vendor ever pays for a featured spot, that listing is clearly labeled Partner.
Key takeaways
- FinQuery (formerly LeaseQuery) is the category leader: 8,700-plus organizations and 22 straight quarters at number one on G2's grid, per the vendor.
- Visual Lease (now part of CoStar Group) is the best pick for teams that want lease management and accounting in one portfolio view.
- LeaseAccelerator, acquired by insightsoftware in 2024, suits enterprises with large equipment and real estate portfolios.
- Every vendor here quotes custom pricing: the real cost drivers are lease count, entity count and how much abstraction work you outsource.
Quick comparison
| Tool | Best for | Starting price | Free plan |
|---|
 FinQuery (formerly LeaseQuery) | Accounting teams that want the proven category leader | See website (custom quote) | No (demo available) |
 Visual Lease | Finance and real estate teams sharing one lease platform | See website (custom quote) | No (demo available) |
 LeaseAccelerator | Large enterprises with big equipment and real estate portfolios | See website (custom quote) | No (demo available) |
 Trullion | Teams that want AI doing the heavy lifting on leases | See website (custom quote) | No (demo available) |
 Lease Harbor | Teams that need to be compliant fast with strong support | See website (custom quote) | No (demo available) |
 EZLease | Teams that want straightforward compliance without enterprise overhead | See website (custom quote) | No (demo available) |
 Nakisa | Global enterprises with complex ERP environments | See website (custom quote) | No (demo available) |
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The best lease accounting software for ASC 842
ASC 842 moved leases onto the balance sheet, and spreadsheets never recovered. Once a portfolio includes modifications, remeasurements, multiple entities and audit scrutiny, the manual approach breaks. These seven platforms automate the full lease accounting lifecycle: abstraction, classification, amortization schedules, journal entries and disclosures, under ASC 842, IFRS 16 and GASB 87.
#1
FinQuery (formerly LeaseQuery)
Best for: Accounting teams that want the proven category leader
Visit finquery.com
Starting priceSee website (custom quote)
Free planNo (demo available)
LeaseQuery rebranded as FinQuery as the company expanded into fixed assets, debt and accrual accounting, but lease accounting remains the flagship. The vendor claims 8,700-plus organizations, 99 percent customer satisfaction and 22 consecutive quarters atop G2's lease accounting grid. Amortization schedules, journal entries and disclosure reports generate for ASC 842, IFRS 16, GASB 87 and others, with AI-powered abstraction cutting manual entry by up to 80 percent.
The managed-services option is a real differentiator: FinQuery will handle data entry, validation and maintenance for teams without bandwidth. Pricing is quote-based and scales with portfolio size. For an accounting-led team that wants the safest, most-reviewed choice, this is the default shortlist entry.
What we like- 8,700-plus organizations and G2's number one lease accounting spot for 22 straight quarters
- Up to 60 percent time savings claimed
- Managed services can outsource data entry and validation
Watch out for- Pricing is fully custom
- The broader FinQuery platform may be more than a pure lease team needs
Starting priceSee website (custom quote)
Free planNo (demo available)
Visual Lease takes the portfolio view: lease management, accounting and optimization in one platform rather than a pure accounting engine. The CoStar Group acquisition brought serious investment, including an AI lease abstraction engine the company calls the most accurate on the market. Twenty-five-plus years in the business shows in the depth of the operational workflows: renewals, critical dates, market research and space planning alongside the accounting.
The accounting is solid for ASC 842 and IFRS 16, but teams buying purely for compliance math may find the platform broader than they need. For organizations where real estate and finance must share one source of truth, the breadth is the point. Pricing is custom.
What we like- End-to-end lease lifecycle plus accounting in one system
- AI lease abstraction powered by CoStar's lease LLM
- 25-plus years of domain expertise
Watch out for- Now part of CoStar Group, so roadmap questions are fair to ask
- Enterprise-grade pricing
Starting priceSee website (custom quote)
Free planNo (demo available)
LeaseAccelerator plays at the top of the market. The full lease sub-ledger architecture keeps lease accounting separate from the general ledger, which auditors and large finance teams prefer. It scales from a hundred leases past a hundred thousand, handles real estate and equipment together, and integrates deeply with SAP, Oracle and other ERPs. The insightsoftware acquisition in July 2024 added investment in integrations and global compliance.
This is not a tool for a 40-lease portfolio. Implementation is a project, pricing is enterprise, and the feature depth assumes a sophisticated finance function. For multinationals and asset-heavy enterprises, the sub-ledger design and scale make it the strongest technical choice.
What we like- Full lease sub-ledger that protects the GL
- Scales from 100 to 100,000-plus leases
- Deep ERP integrations and Big 4 partnerships
- Acquired by insightsoftware in 2024
Watch out for- Enterprise complexity and pricing
- Overkill for small portfolios
#4
Trullion
Best for: Teams that want AI doing the heavy lifting on leases
Visit trullion.com
Starting priceSee website (custom quote)
Free planNo (demo available)
Trullion built its lease accounting around AI from the start. Contract terms extract automatically from source documents, every journal entry ties back to the original contract, and the Trulli AI agent answers questions about lease data and flags anomalies. One customer reports cutting reporting time by over 25 percent after migrating. The source-based audit trail is genuinely auditor-friendly: traceability without the spreadsheet archaeology.
As a newer vendor, Trullion lacks the decades-long reference lists of LeaseAccelerator or Visual Lease, which matters to conservative CFOs. But for teams drowning in manual abstraction work, the AI-first approach attacks the biggest cost directly. Pricing is quote-based.
What we like- AI-powered contract extraction with source-linked audit trails
- Multi-standard support (ASC 842, IFRS 16, GASB 87, FRS 102)
- Strong auditor-friendly transparency
Watch out for- Younger vendor than the incumbents
- Pricing is custom
Starting priceSee website (custom quote)
Free planNo (demo available)
Lease Harbor's pitch is speed and service. The company claims turn-key implementations go live in days and customized setups in weeks, backed by 25 years in the industry, 1,800 clients and a 99 percent retention rate. Support comes directly from the people who build the platform, which long-time customers praise. SOC 1 Type II reporting and automated FASB, IFRS and GASB compliance cover the audit requirements.
The trade is ecosystem: fewer prebuilt integrations and less analyst coverage than FinQuery or LeaseAccelerator. For a mid-size company that needs ASC 842 compliance this quarter with a vendor that answers the phone, Lease Harbor is the pragmatic pick.
What we like- Turn-key implementation in days, full setups in weeks
- 25 years in business with 99 percent retention claimed
- US-based expert support with no phone trees
Watch out for- Smaller vendor with less brand recognition
- Fewer third-party integrations than the giants
#6
EZLease
Best for: Teams that want straightforward compliance without enterprise overhead
Visit ezlease.com
Starting priceSee website (custom quote)
Free planNo (demo available)
EZLease does what the name says: lease accounting the easy way. The platform focuses on compliance workflows, automated calculations and audit readiness without the portfolio-management breadth of Visual Lease or the sub-ledger architecture of LeaseAccelerator. The vendor claims 90 percent less manual lease accounting work and 75 percent less audit prep time. Like LeaseAccelerator, it is now part of insightsoftware.
For a finance team whose problem is ASC 842 compliance rather than real estate strategy, the narrower scope is a feature: less to implement, less to learn, less to pay for. Pricing is custom. Teams that also need space management or critical-date workflows should look at the broader platforms.
What we like- Simple, focused lease accounting workflows
- 90 percent reduction in manual work claimed
- Now backed by insightsoftware
Watch out for- Narrower feature set than full lifecycle platforms
- Limited real estate management depth
#7
Nakisa
Best for: Global enterprises with complex ERP environments
Visit nakisa.com
Starting priceSee website (custom quote)
Free planNo (demo available)
Nakisa is the enterprise-grade answer for the largest lease portfolios. The platform supports 100,000-plus contracts with asset-level accounting across lease events, native ERP integrations, and multi-currency, multi-GAAP operation for global finance teams. Customer references include Nestle, 3M, Volvo Cars and Puma, and the vendor reports 71 percent time savings on lease accounting and compliance.
Everything about Nakisa assumes scale: scale of portfolio, scale of implementation, scale of budget. Mid-market buyers should look elsewhere. For a multinational running SAP across dozens of entities with IFRS 16 and local GAAP requirements, it is purpose-built for exactly that complexity.
What we like- Built for very large portfolios (100,000-plus contracts)
- Native SAP and Oracle integrations
- Multi-currency and multi-GAAP support for global operations
Watch out for- Enterprise-only pricing and implementation
- More platform than most mid-size companies need
How we chose
We started with the searches finance teams actually run: lease accounting software, ASC 842 software and IFRS 16 lease accounting software. For each candidate we confirmed the product is live on the vendor's site, checked pricing pages (all enterprise-quote, marked accordingly), noted rebrands and acquisitions (LeaseQuery to FinQuery, LeaseAccelerator to insightsoftware, Visual Lease to CoStar Group), and weighed third-party reviews and customer-success reports. Only current, supported products made the list.
The abstraction question
Lease abstraction, pulling terms out of PDF contracts into structured data, is the most labor-intensive part of any implementation. Every vendor here offers some form of it: FinQuery's AI abstraction, Visual Lease's CoStar-powered lease LLM, Trullion's AI extraction, LeaseAccelerator's bulk import. The differences show up in accuracy rates and how much human review each requires.
In evaluations, bring ten of your ugliest real leases: scanned PDFs, amendments, side letters. Run them through each vendor's abstraction and measure what comes out clean. The vendor with the highest clean-extraction rate on your worst documents usually wins the implementation, because abstraction labor is where projects overrun.
Beyond ASC 842: multi-standard reality
US companies live under ASC 842, but multinationals also face IFRS 16, and public-sector entities face GASB 87. All seven platforms support multiple standards, but the depth varies: Nakisa and LeaseAccelerator are strongest for global multi-GAAP operations, while the mid-market tools handle dual reporting adequately for simpler structures.
If you report under more than one standard, test dual-reporting in the demo with a real lease: same contract, two treatments, reconciled disclosures. Also confirm how the system handles the ongoing differences, like modification accounting under each framework. The vendors that demo this cleanly are the ones whose multi-standard support is real rather than marketing.
Frequently asked questions
What is ASC 842 lease accounting software?
It is software that automates compliance with ASC 842, the accounting standard requiring most leases on the balance sheet. It calculates right-of-use assets and lease liabilities, generates amortization schedules and journal entries, and produces the required disclosures, replacing spreadsheet workflows.
How much does lease accounting software cost?
All major vendors quote custom prices based on lease count, entity count, users and modules. Mid-market deployments typically run from the low five figures annually; enterprise platforms for large portfolios run into six figures plus implementation. Always get the three-year total including abstraction services.
Can lease accounting software integrate with our ERP?
Yes. All seven platforms offer ERP integrations, with LeaseAccelerator, Nakisa and FinQuery the deepest for SAP and Oracle environments. Confirm whether journal entries post automatically or via file import, and whether the integration is included in the license or a separate line item.
How long does implementation take?
Lease Harbor advertises turn-key setups in days; most mid-market implementations take 4 to 12 weeks depending on lease count and data quality. Enterprise deployments with abstraction of thousands of contracts can take several months. Data cleanup is usually the long pole, not the software.
Do we still need our auditors involved?
Yes, and the better platforms make their lives easier. Auditor-friendly features to verify: source-linked audit trails (Trullion's strength), SOC 1 Type II reports (Lease Harbor), and disclosure reports your auditors accept without rework. Ask each vendor which audit firms have signed off on their reports.
Sources we checked (8)
- https://finquery.com
- https://visuallease.com/
- https://www.leaseaccelerator.com
- https://trullion.com
- https://leaseharbor.com/
- https://www.ezlease.com
- https://nakisa.com/
- https://trullion.com/blog/lease-accounting-software-solutions-for-asc-842-ifrs-16-2026-guide/
Is your product missing or out of date?
We review this list regularly. Vendors can request a listing, send updated pricing or ask about featured placement.
Shihab Mia · Founder, Rankite
Shihab has spent more than a decade helping SaaS and e-commerce brands grow through search. He writes Rankite's software buying guides from pricing pages, documentation and public user reviews. More about Shihab.