Fast setup
Map to GL accounts. Select fiscal calendar. Set policies and controls. Use self-service bulk import to load, update, and validate leases.
Built-in compliance
Get all the lease accounting expertise you need, including automatic lease classification and disclosures, with locking journal entries and role-based access. Manage lease documents and modifications easily.
Easy audit-ready close
Use step-by-step workflows that walk you through the lease accounting close. Choose from 15 ready-to-use reports. Export ERP-ready data to stay in sync.
![Easy audit: Step-by-step workflows | EZLease](https://ezlease.com/wp-content/uploads/2022/01/easy-audit-image.png)
Saved us countless
hours of work.
– Joel G.
Responsive and helpful
customer service.
– Mikhal S.
Reconciliation takes a
fraction of the time.
– Trey C.
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![EZLease lease accounting software was selected by State of Georgia](https://ezlease.com/wp-content/uploads/2021/03/ga_state_seal-150x100.png)
![northern oil and gas selects EZLease software built by CPAs for lease accounting compliance](https://ezlease.com/wp-content/uploads/2021/03/nothern-oil_gas-logo@2x-150x87.png)
![EZLease lease accounting software was selected by saga](https://ezlease.com/wp-content/uploads/2021/03/saga-comm-logo@2x-150x61.png)
![EZLease lease accounting software was selected by the university of vermont](https://ezlease.com/wp-content/uploads/2021/03/university_vermont-logo@2x.png)
![EZLease lease accounting software was selected by Wafflehouse](https://ezlease.com/wp-content/uploads/2021/03/waffle_house-logo@2x.png)
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Can your spreadsheet do all this?
- Lease accounting engine & subledger
- Classification & policy elections
- Disclosures & reporting
- Data upload
- Database management
- Training
- System requirements
Lease Accounting Engine & Subledger
- Lessee, lessor: Designed to account for every type of lease transaction.
- Document repository: Store all of your documents in one repository.
- Balance sheet & income statements: Balance sheet and income statement (P&L) activity by period with ending balances presented by lease and consolidated.
Classification, policy elections, & judgements
- Automatic classification: Automatic classification and capitalized value / rate computations for every lease, including detailed results of all capital / operating tests.
- Practical expedients: Automatic application of practical expedient elections.
- Lease and non-lease components: Native handling of lease and non-lease components.
Disclosures & reporting
- Footnotes disclosure: Complete footnote disclosures of future rent commitments.
- Consolidation reporting: Can be subtotaled and consolidated based on user-defined criteria.
- Catch-up accounting: A lease that started prior to the current reporting period can be added to the database with a current booking date so that prior reports are unaffected.
- Locking journal entries: Lock your journal entries to ensure consistency with your general ledger.
Classification, policy elections, & judgements
- Bulk importing: Import a spreadsheet for quick implementation.
- Customized fields: Customize data fields for import.
Data upload
- Gregorian, 4/4/5, 13 period calendars: Any and all fiscal calendars can be maintained in the database.
- Contingent rents: Contingent rents (variable lease payments) tracked separately from minimum lease payments. Seven different types of contingent rent can be recorded individually.
- Notice dates: Automatic reminders of rent changes, lease expirations, and user-defined events.
- Month-to-month lease extensions: Month-to-month lease extensions keep lease active after expiration.
- Correction terminations: Correction terminations permitted to reverse activity previously booked without affecting closed reporting periods.
- Historic data: A true lease accounting subledger can run all historic and future accounting from a single database.
- Multi-company accounting: Manage multiple companies' lease data with a single login.
Training
- Video walkthroughs: Online user-guides and video tutorials to help guide you through transition.
System requirements
- EZLease is a cloud-based application and can be accessed from all major, current browsers.
See how EZLease works
![EZLease | Lease Management & Data validation |](https://ezlease.com/wp-content/uploads/2021/07/EZLease-Homepage-updated-video-screen-03-Update2.png)
Risk-free lease accounting
Our free trial and 30-day moneyback
guarantee make it easy to get started.
![EZLease | Asset](https://ezlease.com/wp-content/uploads/2022/02/Asset-1@2x.png)
Case study
Paul Mueller Company closes books in hours
Read how this publicly traded manufacturer saved time.
Case study
JRayl achieves compliance on a tight budget
See how this trucking company manages compliance.