Lease Accounting Software
Find the best Lease Accounting Software for your business. Compare top ERP, CRM, POS Software systems with customer reviews, pricing and get a free demo.
Tagetik
By Wolters Kluwer
Features: Build, create, share and publish analytic dashboards Embedded business and financial intelligence features
RAM Lease Accounting
By Real Asset Management
Features: Business activity monitoring Fixed asset management
Advantage Leased Assets
By Bloomberg Tax & Accounting
Features: Payment Tracking For Equipment Leases
What Is Lease accounting software?
Lease accounting software effectively manages and minimizes financial risk associated with lease portfolios. It also centralizes the processes and lifecycles of lease portfolios. The software automates the previously manual process of keeping track of journal entries, each lease’s audit trail, and whether a lease is an operating or financing lease. Lease accounting functionality has always existed in some capacity, buried within lease administration or real estate asset management software, but its current form facilitates the compliance of businesses to FASB and IASB regulations. Lease accounting software prepares businesses for critical dates for financial audits and reviews. In addition, lease accounting software can, and usually does, integrate with ERP systems to automate the creation of general ledger journal entries. The software can also integrate with existing POS and accounting systems, as it helps businesses get full visibility of the entire lease portfolio.
