ASC 842 software calculates the lease liability, right-of-use asset, amortization schedule and disclosures. What none of it does is read the lease. Compare what each platform actually publishes on pricing and standards, then do the upstream step free: upload a lease and get every field back, source-cited.
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Published pricing is the exception in this category, not the rule. Most vendors quote by demo. Every figure below is either printed on the vendor's own site or taken from a software directory and labeled as such, checked in July 2026.
| Platform | Published pricing | Standards covered | Best fit for |
|---|---|---|---|
| LeaseAbstractors This tool | Free to abstract a lease, no demo and no sales call | Not an accounting engine. Supplies the lease data that ASC 842, IFRS 16 and GASB 87 calculations run on | The step before any platform below: turning lease PDFs into structured, source-cited fields |
| FinQuery LeaseGuru | Free for 2 leases, $1,099 a year up to 10 leases, $1,925 a year up to 15. CPA multi-company plans run $850 to $2,750 a year | US GAAP and IFRS | Small portfolios under roughly 15 leases, and CPA firms handling several client entities |
| FinQuery (LeaseQuery) | Request pricing. No public rate card for the full platform | ASC 842, IFRS 16, GASB | Mid-market and enterprise portfolios that need unlimited leases, users and lessor accounting |
| Crunchafi (formerly LeaseCrunch) | No dollar figures on its own site. Priced per lease per year, with lease accounting and data extraction priced separately. Directory figures start near $200 per lease for firms | ASC 842, IFRS 16, GASB 87, GASB 94, GASB 96, FRS 102 | CPA firms running client engagements, and companies that need broad GASB coverage |
| iLeaseXpress | $149 a month for up to 15 leases with a 15-day free trial. The vendor's own blog also lists a tier at no cost up to 5 leases and $99 a month up to 10 | ASC 842 | Companies moving off spreadsheets with fewer than 15 leases |
| NetLease by Netgain | NetLease Go Free covers up to three leases. Directory listings start near $888 a year. The NetSuite edition is quote only | ASC 842, IFRS 16, GASB 87, GASB 96, FRS 102 | NetSuite shops that want journal entries posting straight to the general ledger |
| EZLease (insightsoftware) | None published, quote request only. Capterra and SoftwareConnect both report about $4,000 a year to start, plus a reported free tier for 1 to 5 leases. A 15-day full-product trial is offered | ASC 842, IFRS 16, FRS 102, GASB 87 and GASB 96 | Mid-market lessees and public-sector teams wanting broad standard coverage without enterprise scope |
| LeaseAccelerator (insightsoftware) | None published, enterprise quote. Now the enterprise sibling of EZLease under the same owner | ASC 842, IFRS 16, GASB | Large mixed equipment and real estate portfolios needing end-of-term decisioning |
| Visual Lease | None published, demo only | ASC 842, IFRS 16, GASB 87 | Larger real estate portfolios. Now part of CoStar, which closed its acquisition in November 2024 |
| Trullion | None published, demo only | ASC 842, IFRS 16 | Accounting teams that want AI-assisted review sitting inside the audit workflow |
| Occupier | None published. States per lease, per module, unlimited users, 20-lease minimum | ASC 842, IFRS 16, GASB 87 | Tenant-side teams wanting lease administration and accounting in one place |
| DebtBook | None published. Tiers run by agreement count, from a starter tier around 15 agreements up to unlimited | GASB 87 and GASB 96 focus | State and local government, higher education, healthcare and nonprofits |
| Nakisa | None published. The one-cent starting price shown in some directories is a placeholder, not a price | IFRS 16, ASC 842, GASB 87, local GAAP | Large enterprises running SAP, Oracle or Workday with complex multi-asset portfolios |
Checked against each vendor's own pricing page in July 2026 where one exists, and labeled directory-sourced where it does not. Vendors change pricing without notice and none of this is a quote, so confirm current figures before you sign. Standards listed are what each vendor states it supports.
Every platform in that table starts from a lease record somebody has already filled in. The commencement date, the term, the payment schedule, the escalation basis and the option dates all come out of the document by hand unless something reads it first. That is the work this tool removes.
Commencement and expiration dates, term in months, payment amounts and frequency, escalations, and any payments made at or before commencement come back as structured fields rather than highlighted PDF pages. That is the input set a lease liability and right-of-use asset are built from.
The original term clause is routinely overridden by a commencement date agreement or a later amendment. Using the wrong one shifts the entire amortization schedule. The abstraction reads the whole document stack and returns the date that governs, with the page it came from.
Fixed percentage bumps, stepped rent tables and CPI-linked increases are pulled into a schedule with a figure for every period. A single annual rent number will not produce a correct liability, which is where most spreadsheet errors start.
Term against remaining useful life, purchase options, transfer of ownership language and specialized-asset wording all get surfaced. Classification stays your judgment and the discount rate stays your input. The abstraction supplies the facts those judgments rest on.
Every extracted value links back to its page and clause, so a reviewer checks twenty fields against twenty citations rather than rereading a ninety page lease to confirm one date. That audit trail is also what an auditor asks for later.
Download as CSV or Excel and load it into FinQuery, Crunchafi, Visual Lease, NetSuite or a spreadsheet model. The abstraction is deliberately platform-neutral, so choosing your accounting software later does not mean abstracting everything again.
Four steps, and the only one that needs a person is the review.
Native or scanned PDF, plus amendments, the commencement date agreement, rent schedule exhibits and any assignment. OCR handles the scans, so a lease signed in 2004 with a fax header across the top still reads cleanly.
Commencement and expiration, term in months, payment amounts and frequency, the escalation schedule period by period, incentives and allowances, and the renewal, termination and purchase options with their notice deadlines.
Each field links to the page it came from. Confirm the commencement date, the escalation basis and the option windows, and fix anything before it becomes a posted journal entry or a disclosure figure.
Download CSV or Excel and map it into whichever platform you chose, or into a spreadsheet if your portfolio is small enough to stay there. The accounting engine then does what it is good at, on data you can trace to a page number.
Last updated July 2026. What ASC 842 software does, what it costs, where spreadsheets stop working, and how the lease data actually gets in.
Not always. If you have a handful of leases with flat rent and no options, a well-built spreadsheet can produce a compliant liability and disclosure. Software becomes necessary once you have enough leases, enough modifications, or enough people touching the schedule that version control and audit trail start failing. That threshold usually arrives somewhere between fifteen and thirty leases.
The harder question is not whether to buy software but what state your lease data is in. Every platform assumes clean, complete terms already exist. If your team is still opening PDFs to find commencement dates, the accounting software is not the bottleneck. Our guide to preparing lease data for ASC 842 walks through the sequence that keeps the two steps from colliding.
There is no single answer, because the category splits by portfolio size. Under fifteen leases, LeaseGuru and iLeaseXpress publish real prices and you can sign up without a sales call. Mid-market portfolios cluster around FinQuery, Visual Lease, Trullion and EZLease. CPA firms running client engagements tend toward Crunchafi. Public sector work goes to DebtBook or a GASB-heavy platform, and EZLease is worth a look there too since it covers GASB 87 and GASB 96 alongside ASC 842 and IFRS 16.
Fit matters more than feature counts here, because almost every platform in the table computes ASC 842 correctly. What differs is who it was built for, what it costs, and whether you can evaluate it without a demo cycle. If you are weighing specific vendors, we keep honest side-by-side pages on FinQuery, EZLease and LeaseCrunch, now Crunchafi, and a broader roundup of the best lease abstraction software for the data step.
For portfolios under fifteen leases, published prices run from nothing to about $1,925 a year. Above that, almost nobody publishes. Vendors price per lease per year, per company, or by portfolio tier, and the number arrives after a demo. Directory figures for mid-market platforms commonly land in the low thousands to start, but treat those as indicative rather than quoted: EZLease is a good example, with no vendor-published price and two directories both reporting about $4,000 a year, which we dug into in what EZLease costs.
The cost people underestimate is not the license. It is the implementation, where somebody has to populate every lease record before the software produces a single journal entry. A fifty lease portfolio is fifty documents read end to end. We broke the published figures down vendor by vendor in what ASC 842 lease accounting software actually costs.
Yes, and plenty of private companies still do. A spreadsheet can discount the payments, build the amortization schedule and produce the maturity analysis. It works until a lease gets modified mid-term, a renewal option is exercised, or the person who built the file leaves. Then the remeasurement logic that lived in their head has to be rebuilt from scratch.
If you are staying in Excel for now, the win is a consistent field set across every lease so the model has clean inputs. Our commercial lease abstract template is a downloadable workbook covering 87 fields, which is the same structure the abstraction returns.
Lessees recognize a right-of-use asset and a lease liability for leases longer than twelve months, classified as either operating or finance. Disclosures include lease cost by category, cash paid for amounts included in the liability, a maturity analysis of undiscounted payments, and the weighted-average remaining lease term and discount rate. Short-term leases can be excluded by election.
The standard has been in effect for private companies since fiscal years beginning after December 15, 2021. FASB completed its post-implementation review of Topic 842 on November 21, 2025, concluding the standard accomplishes its primary objective while noting that ongoing costs ran generally higher than the Board anticipated. Embedded leases remain a named simplification candidate for nonpublic entities.
Mostly no. A few platforms have added AI upload or document-extraction features that pre-populate some fields, and they help. But they are framed by their own vendors as an assist that a human reviews, and they only exist inside a platform you have already bought. The reading step and the calculating step are genuinely separate jobs.
That separation is the reason this page exists. Abstraction here is platform-neutral and free to test, so you can get your portfolio into structured fields before you have decided which accounting engine to sign with. If your standard is GASB rather than ASC 842, the same data feeds GASB 87 lease accounting software, and GASB 87 against ASC 842 covers where the two diverge. NetSuite shops should start with NetSuite lease abstraction.
Not always. A handful of leases with flat rent and no options can be handled in a spreadsheet and still be compliant. Software becomes necessary once modifications, remeasurements and multiple contributors make version control and audit trail unreliable, which for most teams happens somewhere between fifteen and thirty leases.
It depends on portfolio size. Under fifteen leases, LeaseGuru and iLeaseXpress publish real prices and allow self-serve signup. Mid-market portfolios usually shortlist FinQuery, Visual Lease and Trullion. CPA firms lean toward Crunchafi. Public sector entities go to DebtBook or another GASB-focused platform.
Under fifteen leases, published prices run from nothing to about $1,925 a year. Above that, most vendors quote only after a demo, and directory figures for mid-market platforms commonly start in the low thousands. Implementation effort, not the license fee, is usually the larger cost.
Yes, at very small scale. FinQuery LeaseGuru covers two leases at no cost, NetLease Go Free covers up to three, and iLease Management lists a no-cost tier up to five leases. All are capped low enough that they suit a single entity rather than a portfolio, and they are entry points rather than long-term plans.
Yes. A spreadsheet can discount payments, build the amortization schedule and produce the maturity analysis. It holds up until a lease is modified mid-term or an option is exercised, at which point the remeasurement logic has to be rebuilt. Clean, consistent inputs across every lease matter more than the tool.
Some platforms have added AI upload or document extraction that pre-populates fields, and their own vendors describe it as an assist a person reviews. It also only works inside software you have already purchased. Reading the lease and calculating the liability remain separate jobs with separate tools.
Commencement and expiration dates, term in months, payment amounts and frequency, the escalation schedule, any incentives or allowances, and the renewal, termination and purchase options. The discount rate and the operating versus finance classification are inputs your team determines; everything else comes out of the lease document.
Fiscal years beginning after December 15, 2021. Public business entities adopted earlier. FASB completed its post-implementation review of Topic 842 in November 2025 and found the standard accomplishes its primary objective, while noting ongoing compliance costs ran generally higher than the Board had anticipated.
Producing the client lease data these platforms calculate from.
Learn moreThe same comparison for public sector entities reporting under GASB.
Learn moreGetting the data clean before it reaches any accounting platform.
Learn moreAn honest side-by-side comparison of the abstraction tools.
Learn moreThe one vendor publishing real prices, examined properly.
Learn moreLeaseCrunch became Crunchafi in 2025. What that changed.
Learn moreAn 87 field workbook if you are staying in Excel for now.
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