Get compliant in hours

EZLease lease accounting software is a fast and easy way for lessees and lessors to transition to and support the ASC 842, GASB 87, GASB 96, and IFRS 16 standards

Most organizations start out managing lease accounting with spreadsheets, but errors are common and there is no data validation or audit trail. EZLease makes it easy to get and stay compliant by managing and accounting for:

“EZLease gives me the detail entries, disclosures, and information I need tokeep up with the latest accounting requirements for leases without having to engage outside technical expertise.”

Real estate leases

Track all real estate lease details, including gross and net leases with common area maintenance (CAM) charges and variable rents tied to market indices or performance metrics.

Fleet, IT, and equipment leases

Track all equipment lease details, including fair market value, bargain purchase, SBITAs, and TRAC leases as well as end-of-term scenarios such as renewals, buyouts, or returns.

The solution features an advanced lease accounting engine, and the other critical functions required to achieve compliance, including:

Record-to-Report automation

Automated lease classification simplifies calculation of the initial valuation. As events occur throughout the lifecycle, the accounting can be updated based on rent changes, contract modifications, impairments, and end-of-lease decisions.

Monthly close

Using standard reports, close the books while following defined internal control processes. The leasing subledger records the initial Right of Use (ROU) asset and lease liability along with other activity that occurs throughout the lifecycle of the lease.

Leasing subledger

Keep the details of lease amortization, depreciation, and interest and operating expenses as well as other journal entries in a dedicated subledger. EZLease supports accounting for leases at a lease, group, or portfolio level.

General ledger upload

After month-end close, use push- button reporting upload of journal entries to the general ledger. Use a simple export to upload to Sage Intacct, Infor, Microsoft Dynamics, Quickbooks, Xero, and other applications.

Rapid implementation

EZLease provides a simple and easy, multi-user, cloud-based application. Launch the app, upload leases, and comply with the standard in hours.

Expert customer service

Our lease accounting experts are here to help. Support: Monday-Friday (8 am - 8 pm EST) Training: use guided videos to get started quickly

Additional lease accounting features
Support for complex lease accounting scenarios Automation of the record-to-report lifecycle Set of over 15 accounting and disclosure reports
Variable payments
Automated lease classification
Journal entries
Modifications and reassessments
ASC 842, IFRS 16, GASB 87, and GASB 96 reporting
Disclosures table
Impairments
General ledger file upload
Classification summary
End-of-term events
Policy based controls
Future minimum rents
Asset retirement obligations
Transition accounting
Expiration dates
Lease and non-lease components
Bulk import of in-life lease events
Notice dates

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 for lessees and lessors. 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.