EZLease
by insightsoftware · Lease Accounting
Lease accounting software for ASC 842, IFRS 16 and GASB 87/96 compliance.
- Works with
- SAP, Oracle, NetSuite, Microsoft Dynamics
- Deployment
- Cloud
- Company size
- Small business, Mid-market, Enterprise
- Pricing
- Subscription
Overview
EZLease is lease accounting software from insightsoftware that helps lessees and lessors manage real estate and equipment lease portfolios while staying compliant with ASC 842, IFRS 16, GASB 87 and GASB 96. It centralizes lease data in a single database, automates amortization schedules and journal entries, and produces the disclosure reports required for financial statements and audits.
The product targets finance and accounting teams that need rapid time-to-compliance without the implementation overhead of larger enterprise lease platforms, ranging from small portfolios (a free tier covers 1-5 leases) up to mid-sized and large organizations managing hundreds or thousands of leases. Vendor marketing cites reductions in manual lease accounting work, audit preparation time and month-end close time.
EZLease originated as a product of LeaseAccelerator, which insightsoftware acquired in July 2024 alongside PureLease and LeaseController, and is now sold and supported as part of insightsoftware's broader Lease Lifecycle Management and reporting portfolio, which markets connectivity to 140+ ERP systems including SAP, Oracle, Microsoft Dynamics and NetSuite.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Lease Data Management
Centralized system of record for real estate and equipment leases.
- Centralized lease database for lessees and lessors
- Bulk lease data upload and update
- Customizable fields for organization-specific tracking
- Automated data validation checks
- Multi-user access with role-based permissions
Compliance & Standards
Built-in support for the major lease accounting standards.
- ASC 842 compliance (US GAAP)
- IFRS 16 compliance (international)
- GASB 87 and GASB 96 compliance (government/public sector)
- Multiple depreciation/amortization methods (straight-line, declining balance)
- Early termination and lease modification handling
Accounting & Journal Entries
Automated calculation and posting of lease accounting entries.
- Automated amortization schedule generation
- Push-button journal entry creation
- Journal Entries Report for period-close testing
- Financial statement disclosure reporting
- Flexible reporting dates and multi-period reporting
Reporting & Audit Readiness
Reporting built to support close and audit workflows.
- Push-button standard accounting and disclosure reports
- Custom report generation
- Audit trail and supporting schedules
- Variance and reconciliation reporting
ERP & Systems Connectivity
Export and integration pathways into general ledger and ERP systems.
- Journal entry export to SAP
- Journal entry export to Oracle
- Journal entry export to Microsoft Dynamics
- Journal entry export to NetSuite
- Access to insightsoftware's broader ERP connectivity portfolio (140+ systems)
Common use cases
- Achieving ASC 842 / IFRS 16 compliance for a lease portfolio without a lengthy enterprise implementation
- Consolidating hundreds of real estate and equipment leases into a single lease database
- Automating monthly journal entries and amortization schedules for month-end close
- Producing disclosure reports and supporting schedules ahead of an audit
- Managing lease modifications, renewals and early terminations across a growing portfolio
- Meeting GASB 87/96 compliance requirements for government and public-sector lease accounting
- Exporting lease journal entries into an existing SAP, Oracle, NetSuite or Dynamics general ledger
Strengths & considerations
Strengths
- Positioned for fast time-to-compliance on small-to-mid-sized portfolios versus heavier enterprise lease platforms
- Free tier for organizations with 1-5 leases
- Backed by insightsoftware's wider financial reporting and ERP-connectivity portfolio (140+ systems)
- Handles both lessee and lessor accounting (via the related EZLease Lessor product) plus both real estate and equipment lease types
ERP integrations
Pricing
Starting price varies by lease volume; a free tier is available for portfolios of 1-5 leases. A 15-day free trial is offered. Get an independent shortlist with pricing guidance below.
Alternatives to EZLease in Lease Accounting
EZLease — frequently asked questions
Does EZLease integrate with NetSuite?
Yes. EZLease can export lease journal entries to NetSuite's general ledger, alongside export support for SAP, Oracle and Microsoft Dynamics.
What lease accounting standards does EZLease support?
EZLease supports ASC 842 and IFRS 16 for lessee/lessor accounting, plus GASB 87 and GASB 96 for government and public-sector organizations.
How much does EZLease cost?
Published pricing starts around $4,000 per year and scales with lease volume. A free tier is available for portfolios of 1-5 leases, and a 15-day free trial is offered.
Who owns EZLease?
EZLease is owned by insightsoftware, which acquired EZLease's parent company, LeaseAccelerator, in July 2024.
Evaluating Lease Accounting?
Tell us your ERP and requirements and we'll send an independent shortlist — including EZLease and the best-fit alternatives — with honest pros and cons.