Virtual Lease Accounting Summit

October 13, 2021

GASB 87 Registration »

October 20, 2021

ASC 842 Registration »

Lease accounting software simplified.

ASC 842, GASB 87 and IFRS 16

See how easy lease accounting can be

Get compliant faster so you can meet every deadline.

Fast setup

Map to General Ledger (GL) accounts. Select fiscal calendar. Set policies and controls. Use self-service bulk import to load and validate leases.


Simple compliance

Know the lease accounting is right, with built-in classification and governance. Comply with ASC 842, IFRS 16, GASB 87 and all previous standards.


Easy audit-ready close

Choose from 15 ready-to-use reports. Use step-by-step workflows to walk through the lease accounting close. Export ERP-ready data to stay in sync.

0 +
of customers
$ 100
implementation fee
$ 100
hidden costs
5/5

5 star reviews

Try free for 15 days!

Widely used, highly rated

5/5

Ken D.
Construction
51-200 employees
Used the software for: 2+ years

Great software for leases and ASC 842

“With EZLease we have the technical horsepower to account for and report [leases] correctly without having to try to create worksheets or complicated calculations ourselves. EZLease gives me the detail entries, disclosures, and information I need to keep up with the latest accounting requirements […]. Very reasonable price and support has always been good.”

Start with easy lease accounting examples

We figure you probably don’t do lease accounting every day. To make your job easier, we’ve built a few simple examples that show how the lease accounting works under the current and previous standards. Each example has step-by-step instructions for the accounting for Capital/Finance leases and Operating leases to get you started.


At a glance, get the basics on Finance and Operating leases under ASC 842 / IFRS 16 and learn how the accounting used to be under FAS 13 / IAS 17 so it’s easy to see the difference. Then, follow just a few steps to enter the data into EZLease.

Read. Learn. Test for free.

Capital/Finance lease examples

Operating lease examples

See how EZLease works

We even have a 30-day money back guarantee – so the risk is on us.

Can your spreadsheet do all this?

Lease Accounting Engine & Subledger

  • Lessee, lessor: Designed to account for every type of lease transaction.
  • Document repository: Store all of your documents in one repository.
  • Balance sheet & income statements: Balance sheet and income statement (P&L) activity by period with ending balances presented by lease and consolidated.

Classification, policy elections, & judgements

  • Automatic classification: Automatic classification and capitalized value / rate computations for every lease, including detailed results of all capital / operating tests.
  • Practical expedients: Automatic application of practical expedient elections.
  • Lease and non-lease components: Native handling of lease and non-lease components.

Disclosures & reporting

  • Footnotes disclosure: Complete footnote disclosures of future rent commitments.
  • Consolidation reporting reports: Can be subtotaled and consolidated based on user-defined criteria.
  • Catch-up accounting: A lease that started prior to the current reporting period can be added to the database with a current booking date so that prior reports are unaffected.
  • Locking journal entries: Lock your journal entries to ensure consistency with your general ledger.

Classification, policy elections, & judgements

  • Bulk importing: Import a spreadsheet for quick implementation.
  • Customized fields: Customize data fields for import.

Data upload

  • Gregorian, 4/4/5, 13 period calendars: Any and all fiscal calendars can be maintained in the database.
  • Contingent rents: Contingent rents (variable lease payments) tracked separately from minimum lease payments. Seven different types of contingent rent can be recorded individually.
  • Notice dates: Automatic reminders of rent changes, lease expirations, and user-defined events.
  • Month-to-month lease extensions: Month-to-month lease extensions keep lease active after expiration.
  • Correction terminations: Correction terminations permitted to reverse activity previously booked without affecting closed reporting periods.
  • Historic data: A true lease accounting subledger can run all historic and future accounting from a single database.

Training

  • Video walkthroughs: Online user-guides and video tutorials to help guide you through transition.

System requirements

  • EZLease is a cloud-based application and can be accessed from all major, current browsers.
Try the EZLease lease accounting software today!