Best Free Lease Accounting Software

Blue Sky's "Portfolio Manager" Lease Management Software is an easy to learn and use cloud-based solution for centralized tracking and reporting of lease contracts. By managing your lease contracts and associated maintenance contracts throughout the entire lifecycle you can strengthen the audit process, reduce costs, increase cash flows and mitigate risk with centralized visibility that drives enterprise value. Portfolio Manager provides complete status management for running leasing RFP's, tracking status, notes, documents and next steps for every open project. Bulk data imports allow for efficient data entry. Fully customizable with robust reporting capabilities. The custom report writer allows every data field to be exported to excel. Pre-built templates are available to feed most ASC842 lease accounting software templates. End of lease term management is automated with custom parameters and automatic notifications to ensure you never miss an end of lease term notification.

LeaseAccounting.app is the self-serve IFRS 16 and FRS 102 lease accounting platform for finance teams that want audit-ready compliance without spreadsheets, consultants, or six-figure implementations. Built by ZenTreasury Oy in Helsinki (EU data hosting), it generates lease schedules, journal entries, modifications, remeasurements, and one-click audit evidence packs from any lease contract. AI-assisted contract extraction reads PDFs and proposes lease terms with confidence scoring; you approve, and the deterministic engine handles the math. Same inputs, same outputs, every time. Includes a Discount Rate Advisor that pulls reference rates from central bank sources, plus continuous compliance monitoring for indexations and reassessments. Journal export to SAP, Oracle, Dynamics, and NetSuite. Free tier covers 2 leases, no card required; paid plans from €149 per month with no per-seat pricing.

EZLease provides fast, simple lease accounting software for ASC 842, GASB 87, GASB 96 and IFRS 16 that ensures long-term compliance across equipment and real estate assets. With over 15 years of implementations across private, government and public organizations of all sizes, EZLease manages and automates lease data management and lease accounting and reporting processes, leveraging customer-first support and deep accounting expertise.

iLeasePro is an intuitive, cost-effective, and accurate cloud solution that simplifies the transition to and on-going Lease Accounting under the ASC 842 Standard for Lessees. Our cloud-based SaaS solution accounts for Operating, Finance and Short-Term leases to ensure accurate compliance with ASC 842 Standard. With iLeasePro, you can easily generate the amortization schedule, journal entries and financial disclosure reports required by auditors. iLeasePro integrates with several accounting solutions to offer seamless uploading of journal entries into your general ledger. In addition to the lease accounting features, iLeasePro offers you the ability to add unlimited number of users to your account who will have access to critical date tracking and notifications, uploading of electronic lease documents that are linked with a lease, portfolio management capabilities and over 50 standard lease accounting and lease administration reports

We are a full one stop property management software designed for landlords of all sizes to make property management as efficient as possible. Our services include but are not limited to rent collection, expense tracking, lease management (ESignature), maintenance management, document creation/storage, violation tracking and so much more.

Leasevana is an offline Windows desktop application for IFRS 16 lease accounting, designed for corporate finance teams and lessees. It calculates right-of-use (ROU) assets and lease liabilities from lease terms, and produces amortization and depreciation schedules. Finance users can update schedules for renewals, extensions, early terminations and changes in consideration, and track incremental borrowing rates and weighted-average discount rates for new leases and reassessments. The software also supports IFRS 16 disclosure reporting and includes an optional PDF lease abstraction feature that can use a Google Gemini API key supplied by the user to extract dates, options and payment amounts. Leasevana runs locally on Windows, with no mandatory cloud storage or external database. It is available as a free download from the Microsoft Store; the vendor recommends that users have results reviewed by a qualified professional.

AMTdirect is the most trusted name in lease administration and accounting and FASB 842 compliance. Designed for portfolios with 50 or more locations, AMTdirect seeks to help address the challenges faced by corporate real estate professionals every day. The software gives users access to a complete inventory of their property, location and lease information, contracts, associated expenses and revenues, and all related documents in one platform. For lessor accounting, achieve ASC 842, IFRS 16 & GASB 87 compliance for lease receivables linked to a head-lease payable, whether the subtenant is a third party company or intercompany. For lease level accounting, you’ll have access to an audit trail for each lease of all balance sheet calculations, each displaying amortization, opening/closing liability, interest, depreciation etc for each period in line with company-specific accounting calendar.

Stessa makes it easy for property investors to track, manage and communicate the performance of their real estate portfolio, for free. Over 10,000 investors use Stessa to save time and optimize their single-family rentals and multifamily buildings with Visual performance dashboards, Automated income and expense tracking, and Tax-ready financial reports Get started in minutes: add your properties, link your financial accounts, and everything updates in real-time.

Journal entries — automated. Complex calculations — instant. ASC 842 & IFRS 16 compliant — always. No need for a long-drawn-out sales call or tiresome negotiation. Simply sign up, enter your details and get started with your accounting tasks. Choose from a plethora of customizable fields and methodologies and let Cradle guide you to the applicable accounting areas of the contract. Input your data and customize the software to your needs. Run fast, accurate-to-the-cent calculations and have your journal entries done immediately. Remove the guesswork and stress that comes with accounting under the new lease accounting standards ASC 842 and IFRS 16. Refine and update your lease accounting processes, all while saving time and money. We also offer complete implementation guidance. Whether you are a financial controller for a public company, or a small business owner that still needs to adhere to financial reporting requirements, Cradle will save you time.