A lease accounting software for small businesses with 2-15 total leases/

Product Overview

LeaseGuru by LeaseQuery is a lease accounting software for small lease portfolios. It is free for firms with only 2 leases. A paid version is available for up to 15 leases. The system provides everything needed for compliance with ASC 842 and IFRS 16, including full amortization schedules, journal entries, and disclosure requirements.

Pros

  • Free version available for smaller companies
  • Self-service software has Knowledge Base with common support topics

Cons

  • Support is not available
  • Only accepts payment via credit card

Target Market

Single or multi-company firms with no more than 15 leases.

About LeaseGuru

LeaseGuru Features

  • Complete and accurate lease accounting
  • Free for up to 2 lessee leases
  • Up to 2 contributing users
  • Guest user with read-only access
  • Journal entries
  • Amortization schedules
  • Complete, Quantitative Disclosures

LeaseGuru Pricing

LeaseGuru is completely free to use for firms with 2 leases and requires no payment information to get started. The software has paid versions for up to 15 leases.

Price Range Learn More
   $     $     $     $     $   
   $     $     $     $     $   

Product Overview

Related Products

  • Odessa Platform
    A multi-module management system designed by Odessa Technologies.
  • EZLease
    A standards-compliant fixed asset reporting system for lessees.
  • MRI ProLease
    A real estate, facilities, and lease accounting software.
  • LeaseQuery
    Lease accounting software from LeaseQuery, LLC.
  • Visual Lease
    Lease accounting software from Visual Lease

User Reviews of LeaseGuru

★★★★★
★★★★★
Submitted on May 27th, 2020 by Anonymous

LeaseGuru is the perfect software to help smaller companies with a small number of leases comply with ASC 840, ASC 842, etc. The tool walks the user through setting up the leases on the system and returns the entries and schedules to mange and record the lease entries in our financial system. The folks at LeaseGuru are knowledgeable and are investing in the system to make it more useable and robust.

The Good…

It is easy to use and does the job! It makes managing my leases easy. Takes me out of the Excel spreadsheet realm! When I implemented it originally many months ago it was a bit klugey, but the LeaseGuru folks have taken users’ feedback and have improved the look, feel and useability of the software.

The Bad…

I think that it has become a robust tool for me. When I first started adding leases it lacked detailed help explanations, but that may have changed as the tool has matured.