LeaseGuru

LeaseGuru is free lease accounting software for businesses with up to 9 leases. The system allows you to produce all necessary amortization schedules, journal entries, and disclosures under FASB ASC 842 and IFRS 16. Setting up an account and entering leases is completely free - no credit card required.

Languages supported: English

10/10 (Expert Score) ★★★★★
Product is rated as #23 in category Accounting Software
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LeaseGuru is lease accounting software for small businesses. Produce all necessary amortization schedules, journal entries, and disclosures under FASB standards ASC 840 and ASC 842 as well as IFRS 16. Setting up an account and entering your first 2 leases is completely free with no credit card requirement.

LeaseGuru
LeaseGuru

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Customer Reviews

LeaseGuru Reviews

Administrator in Information Technology and Services

Advanced user of LeaseGuru
★★★★★
Great compliance tool for small companies!

What do you like best?

With only a small number of leases to track, LeaseGuru is the perfect tool. It is a complete and comprehensive tool that walks users through setting up leases, provides online views to the amortization schedules of the leases and provides the journal entries to record each period. Exactly what we need to comply!

What do you dislike?

It took a bit of time to understand their terminology when entering the lease, but the LeaseGuru team was always helpful with their explanations.

What problems are you solving with the product? What benefits have you realized?

Getting a handle on the new standards and how to calculate and create the amortization schedules was frustrating and a bit confusing. LeaseGuru automated the calculations and makes the journal entries a no-brainer.

Review source: G2.com

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