LeaseLedger

LeaseLedger brings lease schedules, journals and disclosures together for accountants and finance teams. It suits organizations reporting under AASB 16, IFRS 16 or ASC 842, particularly those with a small portfolio to start. Its standout strengths are event-linked schedules and structured migration; the free tier’s three-lease limit sharply narrows its reach.

Overview

LeaseLedger covers more than initial lease calculations: teams can add leases, migrate records, and account for modifications and reassessments with schedule impacts tied to each event. Scheduled payment reconciliation and capture of off-schedule settlements help keep payment activity connected to the accounting workflow.

Reporting includes financial-system reconciliations, cash maturity analysis, portfolio roll-ups and disclosure workpaper previews. Users retain ownership of lease records, documents and outputs, and can export records, schedules, journals and workbooks. Excel journal packs and reconciliation provide ways to move information into finance processes, but the product does not name a third-party accounting integration. Teams that require a direct connection to a particular ledger should confirm that fit before choosing it.

Key features

Migration and accounting workflow

Migration workbooks include pre-import validation, row-level error handling and selectable opening balance bases. Those controls can help teams identify import problems and choose how opening balances are treated, rather than relying on an unvalidated bulk upload. Bulk imports and migration workbooks are part of Professional, however, so the free plan is not the tier for a large-scale migration.

AI drafts and data handling

Optional AI can draft lease details from text or PDFs, but a person must review suggestions before saving or relying on them. AI requests send the selected text or PDF to an external provider, which may process it outside Australia and may retain API inputs and outputs for abuse monitoring for up to 30 days. That trade-off matters for teams handling sensitive lease documents; they can weigh the time-saving option against their data-handling requirements.

Security and hosting

Core workspace records and supporting documents are hosted in AWS Sydney, Australia. Data is encrypted in transit and at rest, while scoped access controls, optional software-token MFA, secure cookies and an audit history for user activity provide additional safeguards. Support is available through a secure in-app request or email; Professional also lists support from a qualified accountant.

Pricing

LeaseLedger uses a freemium model. The Free plan costs nothing and allows up to 3 leases, 1 client workspace, the workspace owner plus 1 teammate, and 5 AI-assisted drafts. It is a practical starting point for a very small portfolio, but the lease cap makes it unsuitable once the register grows beyond three leases.

Professional has custom pricing, billed by arrangement. It offers higher lease limits tailored to the portfolio, additional users, bulk imports and migration workbooks, consolidation and eliminations, and impairment testing. This is the relevant tier for larger portfolios or teams needing those capabilities, but buyers will need a quote to assess the cost. The free plan does not include the listed Professional features.

Platforms

LeaseLedger is available on the web. Its cloud workspace is hosted in AWS Sydney, Australia.

Who it's for

LeaseLedger is best suited to accountants and finance teams that need lease-event accounting, disclosures and migration workflows across AASB 16, IFRS 16 or ASC 842. Smaller teams can use the free plan to manage a handful of leases, while teams needing more capacity, users or Professional features should consider a custom-priced plan. It is less compelling for buyers whose choice depends on a named accounting-system integration or who cannot send selected lease material to an external AI provider.

Pros and cons

• Pros: Supports AASB 16, IFRS 16 and ASC 842, with schedules, journals and disclosure reporting in one product.
• Pros: Migration templates provide pre-import checks, row-level error handling and opening-balance choices.
• Pros: Users can export lease records, schedules, journals and workbooks while retaining ownership of their data and outputs.
• Cons: Free is capped at three leases and one client workspace, limiting its usefulness for growing portfolios.
• Cons: Professional pricing is custom, so teams must obtain a quote to compare costs.
• Cons: Optional AI sends selected content to an external provider, with possible processing outside Australia and retention for up to 30 days.
• Cons: No named third-party accounting integration is described, which may matter to teams expecting a direct ledger connection.

Alternatives

Lease Accounting Software is the broader category directory for comparing lease-accounting options.

Choose 16Leases if its one-user free trial account or broader platform coverage—including self-hosted and desktop options—better fits your setup. Its Premium plan is also described for one user with lease editing and customized payment schedules.

iLeasePro is another web-based freemium option, with Essential at $240 a month for up to 50 contracts and Professional at $480 a month for up to 150 contracts. Those published monthly prices may help buyers who want a stated contract-based tier to compare with LeaseLedger’s custom-priced Professional plan.

LeaseAccounting.app offers a free tier with 2 leases, 3 users and 3 entities, with watermarked exports; its Starter plan is €149 a month. It may suit a team that needs more users or entities on its free tier than LeaseLedger provides, while accepting the lower lease cap and watermarked exports.

Ledgerage is a web and API option whose free plan offers unlimited single-lease calculations, 2 saved leases and 25 API computations per month. Consider it when calculation and API access are the priority rather than LeaseLedger’s broader register, migration and disclosure workflow.

ROU Asset has a free plan with up to 5 leases, an ASC 842 engine, AI extraction, CSV/XLSX export, six reports, a dashboard, alerts and an audit trail. It may suit a small portfolio that needs two more free leases than LeaseLedger allows and is focused on ASC 842.

Infor Public Sector is a paid alternative with pricing by contact.

Planon is a paid alternative with a free trial.

SAP Business One is a paid alternative priced by quote based on business requirements.

Verdict

LeaseLedger is a strong fit for accounting teams that need lease schedules and disclosures across several standards, plus migration and export tools. Its free plan gives small portfolios a way to begin, but three leases is a firm constraint; growing teams will need Professional and a custom quote. Choose it for its connected lease-accounting workflow, and look elsewhere if your decision depends on a named accounting integration or external AI handling does not meet your data requirements.