Top 10 Best Asc 842 Software of 2026

LeaseAccelerator is a leading cloud-based lease lifecycle management platform designed to automate and streamline lease accounting compliance, particularly for ASC 842 and IFRS 16 standards. It enables organizations to manage their entire lease portfolio—from contract ingestion and abstraction to ongoing accounting journal entries, renewals, audits, and portfolio optimization. By leveraging AI and machine learning, it reduces manual processes, ensures accurate balance sheet reporting, and provides real-time insights into lease exposures and opportunities.

Visual Lease is a robust cloud-based lease management platform specializing in ASC 842 compliance, offering end-to-end lease lifecycle management from abstraction to accounting and renewals. It automates lease data extraction, performs ongoing compliance calculations, generates journal entries, and provides portfolio-wide reporting and analytics. The software excels in handling complex portfolios with integrations to major ERPs like NetSuite, Oracle, and SAP, ensuring accurate balance sheet recognition under ASC 842.

Tango is a cloud-based lease accounting platform specializing in ASC 842 compliance, automating lease abstraction, portfolio management, and financial reporting. It handles the full lease lifecycle, from data import and classification to journal entry generation and audit-ready disclosures. With seamless integrations to ERPs like NetSuite, SAP, and Oracle, it ensures accurate accounting for operating and finance leases under U.S. GAAP.

ProLease is a robust enterprise lease management platform specializing in ASC 842 compliance, automating lease abstraction, accounting calculations, and portfolio management for lessees and lessors. It streamlines the recognition of right-of-use assets and lease liabilities, generates required disclosures, and supports ongoing amendments and modifications. With integrations to ERP systems like SAP and Oracle, it ensures seamless data flow and audit-ready reporting across global standards including IFRS 16.

NetLease is a cloud-based lease management platform specializing in ASC 842 compliance for commercial real estate portfolios. It automates lease data extraction, calculates right-of-use (ROU) assets and lease liabilities, and generates required financial disclosures. The software integrates with major ERP systems like NetSuite and QuickBooks to streamline ongoing accounting and reporting processes.

Leasecake is a cloud-based lease management platform that automates the full lease lifecycle, from site selection and abstraction to administration, renewals, and accounting compliance. It provides robust ASC 842 support, including automated calculations for right-of-use (ROU) assets, lease liabilities, amortization schedules, and journal entries for ERP integration. Ideal for multi-location businesses, it uses AI-powered tools to streamline lease portfolio management and ensure regulatory compliance.

Occupier is a cloud-based lease management platform that automates the full lease lifecycle, from discovery and abstraction to ASC 842-compliant accounting and renewals. It excels in handling real estate and equipment leases with AI-driven data extraction, classification, amortization schedules, and journal entries. The software integrates with major ERPs like NetSuite, QuickBooks, and Yardi, making it suitable for mid-market organizations seeking streamlined compliance.

Re-Leased is a cloud-based lease management platform that automates the entire lease lifecycle, from inception to expiry, with full support for ASC 842 compliance including lease classification, right-of-use (ROU) asset recognition, liability amortization, and journal entry generation. It provides real-time financial reporting, portfolio analytics, and handles payments, renewals, and audits for real estate and equipment leases. The software integrates seamlessly with major accounting systems like NetSuite, Xero, and QuickBooks to streamline lease accounting processes.

LeasePath is a cloud-based lease administration platform tailored for commercial real estate (CRE) professionals, offering end-to-end lease lifecycle management. It excels in automating lease abstraction, critical date tracking, accounts payable workflows, and ASC 842 compliance calculations for right-of-use (ROU) assets and lease liabilities. The software integrates with ERP systems like Yardi and MRI, providing robust portfolio analytics and reporting to streamline lease accounting and operations.

Ascendix RE is a cloud-based real estate CRM and management platform that includes lease administration tools compliant with ASC 842 standards. It enables users to track lease portfolios, compute right-of-use assets and liabilities, and automate journal entries for financial reporting. Designed primarily for real estate professionals, it integrates lease accounting with property management, sales, and marketing workflows.