LeaseAccounting.app

Overview

LeaseAccounting.app is web-based lease accounting software for teams accounting under FRS 102 or IFRS 16. It suits finance teams handling leases across multiple entities, especially where ongoing changes and period close matter; the main caveats are its single-currency standard support and plan caps.

The workflow runs from uploading contracts and checking extracted terms to confirming discount rates, generating schedules and journal entries, and preparing period close. AI extracts about 25 fields from lease PDFs and assigns confidence scores, but people approve accounting decisions. That can reduce manual transcription without handing accounting judgment to automation.

A portfolio dashboard spans real estate, vehicles, equipment, IT, machinery and furniture, with alerts for critical dates. The product also handles modifications, reassessments, indexation and terminations, retaining schedules from before and after a change in the audit trail. This breadth is useful for teams maintaining leases over time, not just calculating initial schedules.

Key features

FRS 102 and IFRS 16 are supported for single-currency tenants, alongside disclosure reporting, journal entries and multi-entity support. Teams needing ASC 842 now should choose another product; support is coming soon. Excel and CSV exports enable practical handoffs, but direct templates for SAP S/4HANA, Oracle Cloud, Dynamics 365, NetSuite and QuickBooks are also coming soon, so they should not be treated as current integrations.

Customer data is hosted in Germany or Finland. Security measures include GDPR compliance, mandatory MFA, TLS 1.3 in transit and AES-256 encryption at rest. The company says customer data and documents are not used to train AI models, and content handled by its AI provider is deleted within 24 hours after a session ends.

Pricing

The Free plan costs nothing and allows 2 leases, 3 users and 3 entities, with watermarked exports. It is a small-scale way to assess the workflow, but the lease cap and watermarks make it a poor fit for routine reporting.

Starter costs €149 a month, billed monthly or annually at €1,788. It raises capacity to 25 active leases, 5 users and 3 entities, and includes full reports. Email support typically replies within 1–2 business days. This is the entry paid tier for a small portfolio, but teams needing more leases, users or entities must move up.

Growth costs €349 a month, billed monthly or annually at €4,188, for 100 active leases, 10 users and 10 entities. Email support typically replies within 1 business day. Vault is coming soon, so it should not influence a purchase today.

Pro costs €699 a month, billed monthly or annually at €8,388, and supports up to 250 active leases, 25 users and 20 entities. It adds priority business-hours support and one-on-one onboarding; larger portfolios receive guided onboarding. API access is coming soon, not a current plan capability. Portfolios beyond Pro’s limits are directed to ZenTreasury.

Platforms

The product runs on the web. Its supported standards are FRS 102 and IFRS 16, each for single-currency tenants.

Who it's for

LeaseAccounting.app is aimed at UK and Ireland finance teams, including controllers, CFOs, accountants and auditors. It is a sensible fit when one team needs lease schedules, journals, change tracking and period-close preparation across a bounded, multi-entity portfolio. It is less suitable for teams requiring ASC 842 now or a portfolio beyond 250 active leases.

Pros and cons

• Pros: Contract extraction with human approval keeps accounting decisions under finance-team control while reducing manual entry.
• Pros: Change events retain before-and-after schedules in the audit trail, useful for ongoing lease accounting.
• Pros: Multi-entity support, disclosure reporting and journal entries cover core finance workflows.
• Cons: Free is capped at 2 leases and watermarks exports, limiting its value for live reporting.
• Cons: ASC 842 support and direct ERP templates are not yet available.
• Cons: Pro tops out at 250 active leases, 25 users and 20 entities, which can rule it out for larger portfolios.

Alternatives

Lease Accounting Software is the broader category directory for comparing options. Choose iLeasePro if a higher contract allowance at the named tiers matters: Essential is $240 a month for up to 50 contracts and Professional is $480 a month for up to 150 contracts. LeaseLedger is worth considering for a free plan with up to 3 leases, one client workspace and five AI-assisted drafts; its Professional plan uses custom pricing. Ledgerage suits readers prioritizing API computations or MCP, with a free tier and a Pro plan at $39 a month. Infor Public Sector is another option for readers evaluating public-sector software. Acumatica Accounts Payable is an alternative for teams seeking accounts-payable software with custom pricing. IRIS Star Practice Management is a modular option for accounting firms. MRI Property Management X is another property-management option. Planon is another paid option with a free trial.

Verdict

Choose LeaseAccounting.app if your finance team needs FRS 102 or IFRS 16 lease accounting, recurring change tracking and a clear path from contracts to close, and your portfolio fits the chosen tier. Its strongest case is the combination of human-reviewed extraction and ongoing schedule audit trails. Look elsewhere if you need ASC 842 today, current direct ERP templates, or more capacity than Pro allows.