PowerPlan Lease Accounting review
A lifecycle accounting suite for complex lessee and lessor portfolios across major standards.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
PowerPlan Lease Accounting manages lease agreements for lessees and lessors, with support for ASC 842, IFRS 16 and FERC requirements. It is aimed at utilities, energy companies and midstream operators, as well as mid-market and enterprise organizations handling complex portfolios. Web access and iOS and Android apps support its cloud and mobile deployment. The combination of accounting, payment workflows and document storage makes it broader than a tool focused only on lease calculations.
Its lifecycle coverage includes remeasurements and end-of-life events, calculations and accounting schedules for capital and operating leases, automated monthly entries, and disclosure reporting. Ad hoc reporting queries offer another way to examine lease information. Payment workflows include payment-to-invoice reconciliation, while intercompany lease processing can create journal entries automatically. These capabilities suit teams that need lease operations tied to close and reporting processes, rather than simply a record of contract dates and amounts.
The product offers configurable general ledger and accounts payable integration, but the stated integration scope is limited to those system types. Pricing is contact-sales and demo-based, so organizations will need to speak with PowerPlan to assess fit and cost. Support channels include phone, email and ticket, without 24/7 coverage. Choose it when accounting across both lessee and lessor activity, regulatory requirements and payment processing are central needs; organizations seeking transparent published pricing, broader named integrations or round-the-clock support should compare alternatives.
PowerPlan Lease Accounting pros and cons
- Where it wins
- Supports ASC 842, IFRS 16 and FERC requirements for lessees and lessors
- Automates lifecycle events, monthly entries and intercompany journals
- Connects lease payments with invoices and stores related contract documents
- Where it doesn't
- Pricing is handled through a demo-based sales process
- Named integrations are limited to general ledger and accounts payable systems
- No 24/7 support is offered
PowerPlan Lease Accounting fact sheet, pricing and score →
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