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iLeasePro Lease Accounting and Lease Administration

iLeasePro is an intuitive, cost-effective, and accurate cloud solution that simplifies the transition to and on-going Lease Accounting under the ASC 842 Standard for Lessees. Our cloud-based SaaS solution accounts for Operating, Finance and Short-Term leases to ensure accurate compliance with ASC 842 Standard. With iLeasePro, you can easily generate the amortization schedule, journal entries and financial disclosure reports required by auditors. iLeasePro integrates with accounting solutions to offer seamless uploading of journal entries into your general ledger.

In addition to the lease accounting features, iLeasePro offers you the ability to add unlimited number of users to your account who will have access to critical date tracking and notifications, uploading of electronic lease documents that are linked with a lease, portfolio management capabilities and over 50 standard lease accounting and lease administration reports to ensure efficient access to your lease information and enhance your decision-making capabilities.

Plus, implementation is quick and easy. Typical implementation and setup time for iLeasePro is within two to three days to allow you to enter your lease data within a week!

Industry Served
Cross industries or Financial Services
Benefits for Your Business

Key features

  • Real Estate, Equipment & Vehicle Leases
  • Build Lease Rent Schedules Including Escalations to Create Payment Schedules
  • ASC 842 Lease Accounting Initial Transition
  • Generates ASC 842 Daily Amortization of Right-of-Use and Lease Liability Balances
  • Creates ASC 842 Automated Journal Entries
  • Upload or Export Individual Lease or Batch Journal Entries
  • Lease Accounting ASC 842 Financial Disclosure Reporting
  • Lease Portfolio Management & Administration
  • Document Management - Upload Documents & Link to Lease
  • Critical Date Tracking & Email Notifications
  • Portfolio Dashboard - High Level Insight into Your Lease Portfolio
  • Over 50 Standard Reports for Lease Accounting, Lease Management & Lease Analysis
  • Contact Management - Add unlimited number of contacts
  • Integration with Acumatica (in process)

About iLease Management

iLease Management LLC, founded in 2012, focuses on making it easier for your company to perform accurate lease accounting and portfolio management of your leased assets.

iLease Management has developed iLeasePro to support this objective. iLeasePro is an intuitive, cost-effective, and accurate cloud-based SaaS solution that simplifies the transition to the ASC 842 Lease Accounting while providing detailed Lease Management and Lease Analysis capabilities for Lessees.

Our core business values are Integrity, Transparency and Continuous Improvement.

We differentiate ourselves from our competition through our consistent focus on earning your trust through dedicated customer service while providing the most accurate technology solutions to optimize processes and minimize risks.

Videos

Resources

Key Provisions in Transitioning to ASC 842 Lease Accounting
Guide for Advisor Firms Transitioning Client to the ASC 842
The Impact of ASC 842 to the Hospitality Industry
iLeasePro Overview
iLeasePro ASC 842 Lease Accounting Overview

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