LeaseAccounting.app

LeaseAccounting.app is web-based lease accounting software for FRS 102 and IFRS 16, aimed at finance teams managing leases across entities. Its contract-to-close workflow is a strong fit for teams that need ongoing accounting and audit trails, provided its lease, user and entity caps suit the portfolio.

Overview

The workflow runs from contract upload and term review through discount-rate confirmation, schedule and journal generation, and period close. AI extracts about 25 fields from lease PDFs and scores its confidence, while people retain approval of accounting decisions. That division can reduce manual entry without delegating accounting judgment.

The dashboard spans real estate, vehicles, equipment, IT, machinery and furniture, with alerts for critical dates. It also records modifications, reassessments, indexation and terminations, preserving schedules before and after changes in the audit trail. That makes the product more relevant to recurring lease administration than a calculator limited to initial recognition.

Key features

FRS 102 and IFRS 16 are supported for single-currency tenants, with disclosure reporting, journal entries and multi-entity support. Teams needing ASC 842 now should look elsewhere; it is coming soon. Excel and CSV exports give finance teams usable handoffs, while templates for SAP S/4HANA, Oracle Cloud, Dynamics 365, NetSuite and QuickBooks are also coming soon, not current integrations.

Data is hosted in Germany or Finland, with GDPR compliance, mandatory MFA, TLS 1.3 in transit and AES-256 encryption at rest. The company says customer data is not used to train AI models and AI-provider document content is deleted within 24 hours of session completion. These are meaningful safeguards for sensitive contracts, though they do not replace a buyer's own security review.

Pricing

The free plan costs nothing and covers 2 leases, 3 users and 3 entities, with watermarked exports. It is useful for a small evaluation, but the lease cap and watermark make it unsuitable for routine reporting at scale.

Starter costs €149 a month, billed monthly, or €1,788 annually. It allows 25 active leases, 5 users and 3 entities, with full reports. This is the entry point for a small team that needs usable reporting; the low lease ceiling is the trade-off.

Growth costs €349 a month, billed monthly, or €4,188 annually. Its 100 active leases, 10 users and 10 entities suit a growing finance operation with a broader portfolio. Vault is coming soon, so that should not drive a purchase today.

Pro costs €699 a month, billed monthly, or €8,388 annually. It raises capacity to 250 active leases, 25 users and 20 entities, adds API access coming soon, priority business-hours support and one-on-one onboarding. The larger caps matter for complex organizations, but larger portfolios are directed to ZenTreasury.

Support is email-based on Starter, typically within 1–2 business days, and typically within 1 business day on Growth. Pro receives priority business-hours support. Larger portfolios receive guided onboarding.

Platforms

LeaseAccounting.app runs on the web. That suits browser-based finance teams, but it is not a desktop or mobile app offering.

Who it's for

The product is presented for UK and Ireland finance teams, including controllers, CFOs, accountants and auditors. It is strongest for organizations that need FRS 102 or IFRS 16 accounting, multi-entity oversight and a documented record of lease changes. Single-currency support and the 250-active-lease Pro ceiling narrow its fit for teams with broader currency needs or larger portfolios.

Pros and cons

• Pros: Contract extraction, schedules, journals and period close sit in one workflow, reducing handoffs for recurring accounting.
• Pros: Change-event handling preserves pre- and post-modification schedules, useful for audit trails.
• Pros: The free tier allows a small team to evaluate the workflow before committing to a paid plan.
• Cons: Free exports are watermarked and limited to 2 leases, so the free plan is not a practical reporting tier.
• Cons: The supported standards are limited to FRS 102 and IFRS 16 today, for single-currency tenants; ASC 842 remains forthcoming.
• Cons: ERP templates and Growth/Pro additions such as Vault and API access are coming soon rather than current capabilities.

Alternatives

Lease Accounting Software is the broader category guide for comparing lease-accounting options. Consider iLeasePro if a higher contract cap at the stated paid tiers matters: Essential is $240 a month for up to 50 contracts, and Professional is $480 a month for up to 150.

LeaseLedger is worth considering for a small start: its free plan covers up to 3 leases, one client workspace and 5 AI-assisted drafts, while Professional has a higher lease limit at custom pricing. Ledgerage is a better fit when API calculations are the priority; its free plan includes 25 API computations per month, and Pro costs $39 a month.

Infor Public Sector is a paid option with contact-for-pricing terms. Acumatica Accounts Payable uses custom pricing based on applications, expected usage, resources and deployment preferences. IRIS Star Practice Management is a modular solution for accounting firms, with pricing available from IRIS. MRI Property Management X has no public price and invites demo requests. Nakisa Capital Projects Suite also uses tailored pricing and demo requests.

Verdict

LeaseAccounting.app is a sound choice for UK and Ireland finance teams that need FRS 102 or IFRS 16 lease accounting, change-event history and period-close outputs in one web workflow. Its strongest reason to buy is the combination of contract intake, accounting schedules and audit trail; its clearest reason to look elsewhere is the single-currency scope and 250-lease Pro limit, alongside integrations and additions still to come.