iLeasePro
Affordable ASC 842 lease accounting and management software
Founded
2010
Starting Price
$149
Category
Finance & Accounting
Last updated April 26, 2026
About iLeasePro
iLeasePro is a cloud-based lease accounting and management platform built to help small and mid-sized organizations comply with FASB ASC 842 and GAAP. It automates lease classification, journal entries, disclosure reporting, and critical-date tracking so finance teams can manage real estate and equipment leases without spreadsheets.
Pros & Cons
Pros
- Designed specifically for small to mid-sized companies needing ASC 842 compliance without enterprise pricing
- Most teams are live in days rather than months
- Strong automation around journal entries, rent calculations, and disclosure reporting
- Includes unlimited users on every plan rather than per-seat licensing
- Native Sage Intacct integration plus generic web services for other ERPs
Key Features
ASC 842 Compliance
Step-by-step guidance to classify leases under the ASC 842 dual model and produce compliant accounting treatment.
Automated Journal Entries
Generates monthly journal entries automatically with web services integration to post into your accounting system.
Automated Rent Calculations
Handles escalations, concessions, and complex lease term math without manual spreadsheet errors.
50+ Standard Reports
Pre-built reports across account, lease analysis, audit, accounting, and administration with filtering.
Critical Date Notifications
Automated alerts for lease expirations, option dates, insurance renewals, and custom milestones.
Document Management
Centralized repository for lease contracts, amendments, and supporting documentation.
Sage Intacct Integration
Native integration with Sage Intacct for seamless ERP posting and reconciliation.
Pricing
iLeaseXpress
$149/month
- Up to 15 leases
- ASC 842 compliance
- Basic reporting
- Excel export
- Email support
Best For
ASC 842 Compliance for SMBs
Small and mid-sized companies adopting or maintaining ASC 842 lease accounting without hiring a large finance team.
Real Estate Lease Portfolio Management
Tracking leased office, retail, or warehouse locations with critical dates, options, and rent escalations in one place.
Equipment Lease Accounting
Managing operating and finance leases on vehicles, IT, and equipment with automated classification and journal entries.
Audit-Ready Disclosure Reporting
Producing the quantitative and qualitative footnote disclosures auditors require under ASC 842.
