Top 10 Best Gasb 87 Software of 2026

LeaseQuery is a leading lease accounting software platform specializing in GASB 87 compliance for governmental entities, automating the identification, classification, measurement, and disclosure of leases. It streamlines the calculation of right-of-use assets and lease liabilities, supports ongoing amortization schedules, and generates audit-ready financial reports. Designed for public sector organizations, it handles complex lease portfolios with precision, ensuring full adherence to GASB 87 standards while integrating seamlessly with ERP systems.

Visual Lease is a cloud-based lease management platform that provides comprehensive support for GASB 87 compliance, automating lease classification, right-of-use asset recognition, liability calculations, and financial disclosures for governmental entities. It offers end-to-end lease lifecycle management, including portfolio tracking, renewals, and audits, with seamless integrations to ERP systems like Oracle and SAP. The software excels in handling complex lease portfolios with real-time reporting and scenario analysis tailored to public sector accounting standards.

Tyler Technologies MUNIS is a robust ERP system designed for local governments, featuring a dedicated GASB 87 lease accounting module that automates lease identification, classification, measurement, and disclosure. It handles both lessee and lessor accounting, generating compliant financial statements, amortization schedules, and reports directly within the platform. Integrated with MUNIS's broader financial management tools, it streamlines workflows for public sector entities managing leases alongside core operations.

LeaseAccelerator is a robust cloud-based lease lifecycle management platform designed to handle complex lease portfolios, with dedicated support for GASB 87 compliance in governmental accounting. It automates lease classification, right-of-use asset and liability calculations, amortization schedules, and financial disclosures required under GASB 87. The software integrates with major ERP systems like Oracle and SAP, streamlining reporting and audit readiness for public sector entities.

Ascendix LeaseManager is a cloud-based lease administration and accounting platform tailored for GASB 87 compliance, automating the recognition of lease liabilities and right-of-use assets for governmental entities. It handles lease abstraction, portfolio management, financial calculations including amortization and interest expense, and generates compliant journal entries and reports. The software integrates with ERP systems like NetSuite and QuickBooks, supporting both lessee and lessor perspectives with audit-ready documentation.

Nakisa Lease Administration is a robust enterprise lease management platform from nakisa.com that automates the full lease lifecycle, with dedicated support for GASB 87 lease accounting standards for governmental entities. It enables accurate calculation and recognition of right-of-use assets and lease liabilities, ongoing compliance, and detailed financial reporting. The software excels in lease abstraction, portfolio visualization, and integrations with ERP systems like SAP and Oracle.

Springbrook Software offers a cloud-based ERP platform designed for local governments and utilities, with dedicated GASB 87 lease accounting capabilities to automate lease identification, classification, measurement, and reporting. It integrates lease data with core financials, fund accounting, and asset management for full compliance. The solution provides audit-ready reports, amortization schedules, and handles both lessee and lessor accounting under GASB 87 standards.

BS&A Software offers a comprehensive ERP platform for local governments, with built-in GASB 87 lease accounting capabilities integrated into its financial management suite. It automates lease identification, measurement of right-of-use assets and liabilities, amortization, and required disclosures to ensure compliance with the standard. The solution provides real-time reporting and seamless data flow across accounting, budgeting, and assessing modules for streamlined governmental operations.

Yardi Voyager is an enterprise-grade property management platform with robust lease accounting modules compliant with GASB 87 standards, enabling governmental entities to capitalize leases, automate amortization, and generate compliant financial disclosures. It integrates lease abstraction, classification, and ongoing management within a unified system for real estate portfolios. The software supports complex public sector needs, including right-of-use asset tracking and expense recognition across multiple lease types.

MRI Software is a comprehensive real estate management platform that includes specialized lease accounting modules compliant with GASB 87 for governmental entities. It automates lease classification, right-of-use asset recognition, liability measurement, and ongoing amortization schedules to simplify compliance. The solution integrates with broader property management tools, enabling seamless data flow for financial reporting and disclosures required under the standard.