For Companies
Lease accounting software for your own lease portfolio
One broken formula shouldn’t put your financials at risk. Replace error-prone spreadsheets with one platform that manages every lease and keeps you compliant with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102.
For Firms
Lease accounting software to scale your firm’s client services
Deliver lease accounting your clients and their auditors can trust. Replace client-by-client spreadsheets with one platform that keeps every engagement accurate and compliant with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102.
See why thousands of teams trust Netgain
Lease accounting, simplified
What does lease accounting software do for companies?
Netgain uses AI-powered lease abstraction to capture lease terms, then automatically generates amortization schedules, journal entries, and required disclosures. Payments are tracked automatically too. Your team doesn’t need to be lease accounting experts to get it right. They can spend less time on the mechanics and more time on analysis the business needs.
Multi-client lease accounting, simplified
What does lease accounting software do for CPA and advisory firms?
Firm accountants can move between client environments, review portfolios, and run batch reports in a few clicks. Every engagement ends with standardized disclosure packages and audit trails, so your deliverables are consistent no matter which team member did the work.
Discover the best lease accounting software for your team
Whether you run your accounting on Sage Intacct, QuickBooks, Rillet, Campfire, or another accounting system, Netgain's lease accounting software gives your accounting team one place to manage every lease and stay audit-ready.
Discover the best lease accounting software for your firm
From month-end close to audit preparation, Netgain's lease accounting software helps your team deliver ASC 842, IFRS 16, GASB 87 & 96, and FRS 102 compliance across every client you serve.
Lease accounting software for every standard you report under
Netgain's lease accounting software supports ASC 842, IFRS 16, GASB 87 & 96, and FRS 102, so one platform can cover whichever standard your organization reports under.
ASC 842
The US GAAP lease standard from FASB. Most leases are recorded on the balance sheet as right-of-use assets and lease liabilities.
IFRS 16
The international lease standard from the IASB. Lessees apply a single model that puts nearly all leases on the balance sheet.
GASB 87
The lease standard for US state and local governments, recognizing leases as the right to use an underlying asset.
GASB 96
The standard for subscription-based IT arrangements at US state and local governments, modeled on GASB 87.
FRS 102
The UK and Republic of Ireland standard, with lease accounting changes taking effect in 2026.
Lease accounting software for every standard your clients report under
Netgain’s lease accounting software supports ASC 842, IFRS 16, GASB 87 & 96, and FRS 102, so your firm can support clients reporting under any of them from one hub.
ASC 842
The US GAAP lease standard from FASB. Most leases are recorded on the balance sheet as right-of-use assets and lease liabilities.
IFRS 16
The international lease standard from the IASB. Lessees apply a single model that puts nearly all leases on the balance sheet.
GASB 87
The lease standard for US state and local governments, recognizing leases as the right to use an underlying asset.
GASB 96
The standard for subscription-based IT arrangements at US state and local governments, modeled on GASB 87.
FRS 102
The UK and Republic of Ireland standard, with lease accounting changes taking effect in 2026.
Lease accounting features built for your accounting team
Netgain's lease accounting software automates the calculations, entries, and disclosures behind lease compliance.
Compliant schedules, entries, and disclosures
Automatically generate amortization schedules, journal entries, and the financial statement disclosures required under ASC 842, IFRS 16, GASB 87 & 96, and FRS 102.
Modifications and terminations
Automate lease modifications, reassessments, and early terminations. Recalculations keep balances consistent across the lease lifecycle.
Connects directly to your accounting platform
Sync journal entries straight to your general ledger through a direct integration with your ERP or accounting platform, with no manual uploads or separate subledger reconciliation.
AI-powered lease abstraction
Pull key terms from lease contracts with built-in AI and track payments automatically, so your team doesn't need to be lease accounting experts.
Audit-ready reports for your auditor
Generate audit-ready reports your auditor can use as-is, with a full audit trail behind every schedule and entry, so audit prep takes hours instead of weeks.
CPA support and SOC reporting
A team of CPAs supports you through setup, go-live, and beyond, and Netgain is backed by external SOC reporting.
Lease accounting features built for firms and their clients
Netgain's lease accounting software gives your firm one place to run lease accounting for every client, from setup through audit support.
Multi-client dashboard
See every client's lease portfolio in one centralized dashboard. Jump between client environments, review portfolios, and run batch reports.
Direct client access
Give clients direct access to the same platform your team works in, so you share one set of lease data, schedules, and reports.
Audit-ready documentation
Generate standardized disclosure packages and audit trails that you can hand directly to auditors on your clients' behalf.
Audit-ready reports, shared directly
Produce audit-ready reports for each client's auditor, and give clients direct access to the same reports, cutting out the back-and-forth between your firm, the client, and the auditor.
Every standard, one workflow
Support ASC 842, IFRS 16, GASB 87 & 96, and FRS 102 for clients with different reporting frameworks, without switching tools.
CPA support team
A team of CPAs supports your staff through setup, go-live, and beyond, so you can add clients without adding heavy headcount.
Explore the benefits of Netgain's lease accounting software
Uncover the features that set us apart from other lease accounting software, allowing you to simplify the complexities of lease accounting.
Explore the benefits of lease accounting software for CPA and advisory firms
See how Netgain's lease accounting software helps your firm manage every client’s leases in one place and deliver ASC 842, IFRS 16, GASB 87 & 96, and FRS 102 compliance without adding headcount.
Get every report you need, one click away.
Take control of your leases and get guaranteed compliance.
Every client report and audit package, one click away.
Run batch reports across your client portfolio and hand auditors standardized disclosure packages and audit trails.
Discover why thousands of accounting teams trust Netgain
98%
Customer retention rate
9 out of 10
Clients would recommend Netgain
Assurance
Through annual SOC reports
50,000+
Leases housed in platform
Discover why accounting firms and finance teams trust Netgain
98%
Customer retention rate
9 out of 10
Clients would recommend Netgain
Assurance
Through annual SOC reports
50,000+
Leases housed in platform
DFT Communications cuts audit prep time by 90% with lease accounting software
DFT Communications, a Western New York telecommunications provider, managed more than 50 leases in Excel after ASC 842 took effect, with a separate tab for every lease. After replacing those spreadsheets with Netgain’s lease accounting software, the team now generates audit-ready lease schedules and reports automatically.
Bowman & Company saves over 1,000 hours a year with Netgain
Bowman & Company, an accounting firm in the Delaware Valley, found it couldn't run audits on spreadsheets after receiving an Excel file for each of one client's 175 leases. With Netgain’s lease accounting software, the firm automated lease accounting and audit processes for more than 50 clients.
How to choose lease accounting software in 7 steps
- 1Identify your key requirements. Map your current lease process and its biggest pain points, then list must-have features such as compliance with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102, foreign currency, multi-book reporting, and lessor accounting.
- 2Prioritize and weight your needs. Sort requirements into primary, secondary, and nice-to-have, and give each one a weight you can score vendors against.
- 3Shortlist your options. Compare vendor software, your accounting system’s built-in tools, and spreadsheets. Once a portfolio passes roughly 15 to 20 leases, vetted software is the safer choice.
- 4Demo with your most complex lease. Send vendors your hardest lease ahead of time and confirm the software accounts for it correctly. Ask whether it posts entries directly to your accounting platform through a direct integration or relies on manual uploads.
- 5Score each vendor. Rate vendors on accounting and compliance, ease of use and implementation, software infrastructure, and lease and contract management, then apply your weights for an objective total.
- 6Weigh value against cost. Compare weighted scores with pricing, and don’t give up essential functionality just to save on cost.
- 7Understand vendor support. Confirm there’s a dedicated support team for implementation and after go-live, and ask how often upgrades ship and whether they’ve ever changed live customers’ accounting.
How to choose lease accounting software for your firm in 7 steps
- 1Identify your firm’s key requirements. List what your clients need most, such as compliance with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102, multi-client management, direct client access, and audit-ready reporting.
- 2Prioritize and weight your needs. Separate what every client needs from nice-to-haves, and give each requirement a weight so you can score vendors consistently.
- 3Shortlist your options. Compare purpose-built software against spreadsheets and client ERP tools. Once a portfolio passes roughly 15 to 20 leases, vetted software is the safer choice.
- 4Demo with a complex client lease. Send your hardest client lease ahead of the demo and confirm it’s accounted for correctly. Ask how data gets in from each client’s accounting platform.
- 5Score each vendor. Rate vendors on accounting and compliance, ease of use and implementation, software infrastructure, and lease and contract management, weighted by your firm’s priorities.
- 6Weigh value against cost. Compare weighted scores with pricing, including how costs scale as you add clients, without giving up essential functionality.
- 7Understand vendor support. Confirm there’s a dedicated support team for your staff during setup and after go-live, and ask how upgrades roll out and whether they’ve ever affected live client results.
Are you an advisory firm looking for a streamlined lease accounting solution?
- Enhance your advisory services by providing clients with real-time insights for informed leasing decisions
- Create efficiencies through streamlined audits with centralized documentation for both you and your clients
- Improve accessibility and collaboration by centralizing lease data of all clients in one centralized location
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Learn more about lease accounting software
How much does lease accounting software cost?
Lease accounting software can be expensive, with pricing often tied to the company's number of leases. Many providers don’t display their prices online, requiring you to request a demo or negotiate just to get an estimate.
What are the benefits of lease accounting software?
Lease accounting software provides immense value by automating and simplifying the management of lease agreements, ensuring adherence to crucial accounting standards like ASC 842, IFRS 16, GASB 87 & 96, and FRS 102.
By consolidating all lease data in a single platform, this software enables organizations to track agreements more efficiently, calculate payments accurately, and maintain precise amortization schedules. This minimizes the risk of errors often associated with manual processes and spreadsheets, making compliance easier and allowing businesses to prepare their financial reports confidently.
In addition to ensuring compliance, software like Netgain’s significantly saves time by streamlining workflows and centralizing data in a user-friendly interface. Rather than dealing with complex systems or juggling multiple tools, businesses can automate their lease accounting tasks, such as modifying or terminating leases and posting journal entries.
This allows teams to focus on more strategic business decisions without getting bogged down in administrative details.
What are the typical features of lease accounting software?
Lease accounting software typically includes features such as:
- Lease management
- New lease creation
- Disclosure reports
- Lease modifications and terminations
- Amortization schedules
- Payment history
- Audit trails
- Journal entry reports
- Centralized dashboards
These features work together to ensure organizations can effectively manage their leases and reduce manual errors. More advanced lease accounting software, such as Netgain’s, provides enhanced features designed to accelerate and simplify the lease accounting process. These include AI-powered lease abstraction for effortless lease uploads and direct API integration with ERP systems, enabling seamless journal entry uploads.
Additionally, companies like Netgain offer expert support, with a team of CPAs available to assist with technical questions during setup, go-live, and beyond, ensuring a smooth implementation and continued success post-launch.
How do you choose the best lease accounting software?
Start by assessing the complexity and number of leases in your portfolio. If you have a small, straightforward lease portfolio with minimal modifications or terminations, a spreadsheet like Excel or free software might suffice. However, if you manage a large number of leases, oversee leases across multiple business units or subsidiaries, or frequently deal with lease modifications and terminations, comprehensive lease accounting software becomes essential. It saves you countless hours of manual work, reduces the risk of errors, and ensures more efficient and accurate lease management.
Next, choose software that aligns with the specific needs of your organization. Key considerations include ease of use and adoption, access to both accounting and technical support, availability of comprehensive dashboards and reporting tools, and the ability to scale as your organization grows.
When it comes to lease accounting software, Netgain is the best choice you can make, and here’s why: our lease accounting software is easy to use. It offers powerful lease preparation and management features with AI assistance, compliance backed by the assurance of annual SOC reports, and integration capabilities into your ERP and accounting systems.
What are the two most common lease classifications and how do you account for each one?
The two most widely used lease classifications are operating lease and finance lease.
Under ASC 842 (the current lease accounting standard), lessees must recognize both finance leases and operating leases as assets and liabilities on the balance sheet. This change from the previous standard, ASC 840, aims to provide a more accurate depiction of a company's financial health by bringing leases previously kept off the balance sheet into the spotlight.
The largest difference between the lease classifications is in the expense calculation. In an operating lease agreement, the expense is recognized on a straight-line basis over the lease term, which means that the total lease payments are spread out evenly over the lease term. A financing lease contains two different expenses: an interest expense calculated based on the remaining lease liability, and an amortization expense based on a straight line of the asset’s value.
What are the lease accounting standards and how do they differ?
Lease accounting standards guide organizations in managing and reporting their lease obligations. Under ASC 842, regulated by the Financial Accounting Standards Board (FASB) in the U.S., companies classify leases as financing or operating leases, both of which are recorded on the balance sheet.
Finance leases recognize separate interest and amortization expenses, while operating leases are recognized as a single straight-line expense. This standard emphasizes transparency by requiring clear disclosures of lease obligations, reducing off-balance-sheet reporting.
IFRS 16, governed by the International Accounting Standards Board (IASB), applies globally and eliminates the distinction between operating and finance leases for lessees. All leases are treated similarly to finance leases, with a right-of-use asset and a lease liability recorded on the balance sheet. Lessees must report interest on the lease liability and depreciation on the asset separately, providing a clearer and more consistent view of lease commitments across international entities.
For the public sector, GASB 87 & 96, established by the Governmental Accounting Standards Board (GASB), set lease accounting rules for governmental entities. GASB 87 requires all leases to be treated as finance leases, with lessees recording lease liabilities and right-of-use assets, and lessors recognizing receivables and deferred inflows. GASB 96 extends these rules to subscription-based IT arrangements, ensuring consistent accounting for leases and subscriptions in public sector organizations.
In the UK and Republic of Ireland, FRS 102, issued by the Financial Reporting Council (FRC), is the principal accounting standard for entities that don’t report under IFRS. Amendments effective January 1, 2026 bring FRS 102 closer to IFRS 16, requiring lessees to record most leases on the balance sheet as a right-of-use asset and lease liability and removing the distinction between operating and finance leases. Practical exemptions remain for short-term leases of 12 months or less and leases of low-value assets.