Lease accounting software your auditor can follow
Turn your lease portfolio into ASC 842 journal entries, amortization schedules and disclosure reports, with a complete audit trail behind every number.
Built for private US companies with 25 to 500 leases. SOC 1 Type 2 certified. Live in under a week. Pricing published, so you can size it before you call us.
Pick a time on the calendar. No form to fill in first.
60 monthly payments of $10,000, paid in arrears, at a 6.0% incremental borrowing rate. No incentives or initial direct costs.
| Account | Debit | Credit |
|---|---|---|
| Right-of-use asset | $517,255.61 | |
| Lease liability | $517,255.61 |
iLeasePro posts this, the 60-period amortization schedule behind it and the disclosure roll-forward, from the lease you import. ASC 842-20-30-1
Illustration only. Not accounting, tax or legal advice, and not a substitute for your own analysis.
iLeasePro V2
The next version of the platform: a portfolio dashboard, a rebuilt lease list, and lease accounting with the amortization roll-forward on the same screen as the balances it feeds.
Every V2 screen is published as it is finished, so you can see exactly what you would be buying into before it ships.
See every V2 screen
Start Where You Are
Whether you need to organize your lease portfolio or meet ASC 842 requirements, iLeasePro meets you where you are.
Lease Contract Management
- Track and organize lease agreements
- Centralize lease documents and key data
- Monitor important dates and obligations
ASC 842 Lease Accounting
- Ensure compliance with ASC 842
- Generate audit-ready financial reports
- Automate journal entries and disclosures
| Capability | Lease Contract Management | ASC 842 Lease Accounting |
|---|---|---|
| Track leases | Included | Included |
| Organize lease data | Included | Included |
| Financial reporting | Not included | Included |
| Audit-ready compliance | Not included | Included |
How iLeasePro Works
From lease portfolio management to full ASC 842 compliance in four simple steps
Import Your Leases
Use the iLeasePro bulk import or enter lease data manually. Our professional lease abstracting service can help extract and organize your lease data.
Organize & Manage Your Portfolio
Centralize all lease agreements, documents, and key data in one place. Track terms, payment schedules, renewal options, and critical dates across your entire portfolio with automated alerts.
Achieve ASC 842 Compliance
When you're ready, activate full accounting. The FASB Classification Wizard automatically classifies leases and generates journal entries, amortization schedules, and disclosure reports.
Stay Audit-Ready
Complete audit trails and SOC 1 Type 2 certified security keep you prepared for every review.
Live in Under a Week
Most teams are up and running in days, not months. Schedule a demo to see how.
What iLeasePro Does
Automated compliance, portfolio analytics, and workflow integration — in one platform.
Intelligent Compliance
ASC 842 compliance that thinks ahead. Automated journal entries, real-time validation, and audit-ready documentation.
Strategic Insights
Transform lease data into actionable intelligence. Portfolio analytics, trend analysis, and decision-support tools.
Automation That Works
Eliminate manual processes. Seamless ERP integration, critical date alerts, and workflows that adapt to you.
Complete ASC 842 Compliance
Full ASC 842 compliance — from day-one implementation to ongoing reporting. Automated journal entries, FASB classification, and audit-ready documentation your auditors will trust.
New to ASC 842? Start with our Complete Guide.
Schedule a DemoWhat you get, specifically
- FASB Classification Wizard
- Automated Journal Entries
- Amortization Schedules
- Financial Disclosure Reports
- Portfolio Analysis & Reporting
- Audit-Ready Documentation
Why lease accounting gets away from teams
A two-minute overview of the problem ASC 842 created for finance teams, and the shape of the fix. For the product itself, book a walkthrough against your own leases.
Trusted by Lease Management and Lease Accounting Teams at
See it run against your own leases
Bring two or three of your harder leases to the call. Thirty minutes, and you will know whether this fits your portfolio and your close.
Common questions about ASC 842 and iLeasePro
- What is ASC 842?
- ASC 842 is the FASB lease accounting standard that requires organizations to recognize lease assets and liabilities on the balance sheet. It applies to all leases with terms longer than 12 months, including operating leases that were previously off-balance-sheet.
- What is a Lease Intelligence Platform?
- A Lease Intelligence Platform goes beyond basic lease accounting compliance to provide strategic insights from lease data. iLeasePro combines ASC 842 compliance automation with portfolio analytics, trend analysis, and decision-support tools to help finance teams make smarter lease decisions.
- How long does iLeasePro implementation take?
- iLeasePro typically implements in less than one week. Our streamlined onboarding process includes data migration, system configuration, and team training to get you compliant quickly.
- Is iLeasePro secure?
- Yes, iLeasePro is SOC 1 Type 2 certified with bi-annual security audits. We provide role-based access controls, complete audit trails, and enterprise-grade data protection for all customer information.
- Does iLeasePro integrate with ERP systems?
- Yes, iLeasePro integrates seamlessly with major ERP and general ledger systems including Sage Intacct, QuickBooks, and others. We also provide ledger-agnostic journal entries for maximum flexibility.