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Product Overview
EZLease is a lease accounting software designed to ensure long-term compliance with various standards such as ASC 842, GASB 87, GASB 96, and IFRS 16. It has the ability to handle both real estate and equipment leases for lessees and lessors. EZLease provides a centralized lease database, automated validation, and push-button accounting and disclosures reporting. Its capability to load and update leases in bulk or individually, along with automated lease data management and reporting processes, makes it a solid choice for businesses looking to streamline their lease accounting operations.Pros
- ASC 842, GASB 87, GASB 96 and IFRS 16 compliant
- Covers equipment and real estate assets
- Customer-first support
- Free for 1-5 leases
Cons
- Reports require verification
- Extending or revising a lease is not intuitive
Target Market
Larger organizations with a significant number of leases, especially those that require compliance with complex lease accounting standards.About EZLease
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EZLease features
- Flexible reporting dates
- Amortization schedules
- Journal entries
- Early termination gain/loss reporting
- Ability to book leases late or reverse leases without affecting prior reporting periods
- Multiple depreciation methods (straight line, 150%/200% declining balance, and custom methods)
- Reports for single, grouped, or all leases
- Custom reports available
- Lessor and optional asset retirement obligations (ARO) accounting
- Multi-user access
Starting Price
$4,000
/year
Price Range
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