Lease Accounting Software

Lease accounting software automates the complex calculations required by ASC 842 (US) and IFRS 16 (international) standards. When a company leases equipment (office space, vehicles, machinery), accounting requires calculating the right-of-use (ROU) asset and lease liability—then depreciation and interest expense over the lease term. Platforms like Anaplan, BlackLine, and Domo provide templates, calculation engines, and reporting. Users input lease contracts, software calculates everything, generates financial statement entries.