LeaseLedger review
A capable free starting point for teams managing up to three leases.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
LeaseLedger is web-based lease accounting software for accountants and finance teams managing lease registers, payments, amortisation, modifications, remeasurements, journals, reports, and disclosure workpapers. Its documented calculation engine supports AASB 16, IFRS 16, and ASC 842. The product is aimed at organisations that need structured lease accounting and close support, with a particularly clear fit for very small portfolios starting with up to three leases.
The Free plan costs USD 0 per month when billed monthly and includes a full calculation engine, daily-accuracy amortisation schedules, journals and reports, lease modifications and remeasurements, one client workspace, and access for a workspace owner plus one teammate. It also includes core controls such as journal packs, posting controls, disclosure workpaper previews, audit history, and scoped access controls. Professional adds higher lease limits tailored to the portfolio, additional users, foreign-currency leases, bulk imports, migration workbooks, consolidation and eliminations, impairment testing, and accountant support through a demo-based sales process. Paid-plan pricing and inclusions are agreed before upgrade, so the free tier is the clearest entry point for smaller teams.
LeaseLedger’s main strength is the breadth of its accounting workflow rather than a narrow focus on lease registers alone. Payment reconciliation, remeasurements, journal preparation, disclosures, audit history, and multi-entity capabilities cover several stages of lease accounting. Optional AI-assisted lease capture and structured workbook imports may also support data intake and migration. The trade-off is scale and commercial clarity: teams with more than three leases, multiple users, foreign-currency requirements, or consolidation needs will need Professional, while teams seeking a fully self-serve paid purchase may prefer an alternative with published tier pricing. Choose LeaseLedger for a small portfolio needing standards-based accounting workflows; look elsewhere if immediate paid-plan pricing is essential.
LeaseLedger pros and cons
- Where it wins
- Free plan supports up to three leases with core accounting workflows
- Supports AASB 16, IFRS 16, and ASC 842 calculations
- Includes journals, disclosures, audit controls, and multi-entity features
- Where it doesn't
- Professional pricing is arranged through a demo-based sales process
- The Free plan includes one workspace owner plus one teammate
- The Free plan is limited to three leases
LeaseLedger fact sheet, pricing and score →
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