Overview
LeaseGuru software helps small businesses manage lease accounting and stay compliant with ASC 842 standards. It is limited to two leases unless you upgrade, which may not suit growing firms. However, its simple interface and accurate reporting make it a practical tool for basic lease management needs.
LeaseGuru Specifications
Lease Management
Lease and Contract Management
Reporting and Analytics
Alerts/Notifications
What Is LeaseGuru?
LeaseGuru is a cloud-based lease accounting solution tailored for small businesses and accounting firms managing modest lease portfolios. Designed for entities with up to 15 leases, it addresses the complexities of complying with ASC 842 and IFRS 16 standards. By automating calculations and generating essential reports, LeaseGuru eliminates the need for manual spreadsheets, reducing errors and saving time. Its self-service model empowers users to manage lease accounting independently, making it a useful tool for firms.
LeaseGuru Pricing
The software offers two packages: Single Company and Multi-Company.
Single Company has four plans:
- Basic: Free
- Premium (10 leases): $999/year
- Premium (15 leases): $1750/year
- LeaseQuery: Custom pricing
Multi-Company has five plans:
- Limited: Free
- Premium (1 company): $750/year
- Premium (2 companies): $1000/year
- Premium (3 companies): $1750/year
- LeaseQuery: Custom pricing
Disclaimer: The pricing is subject to change.
LeaseGuru Integrations
Who Is LeaseGuru For?
The software is built to support small and medium-sized businesses, serving a wide range of industries, such as:
- Retail
- Hospitality
- Healthcare
- Real Estate
- Manufacturing
- Professional Services
- Nonprofits
Is LeaseGuru Right For You?
LeaseGuru is a strong choice for businesses because it reduces the risk of lease accounting errors, saves time by simplifying compliance, and provides clear financial reporting. Its affordability makes it ideal for small companies, and its user-friendly design enables easy lease management without requiring extensive accounting expertise.
Still not sure if LeaseGuru is right for you? Reach out to our customer support team at (661) 384-7070 for further guidance.
LeaseGuru Features
LeaseGuru automatically generates accurate amortization schedules, reducing manual errors and time spent on calculations. Users can export these schedules to Excel, facilitating seamless integration with existing financial systems and enhancing reporting efficiency.
The software enables the creation of monthly journal entries at both the organizational and individual lease levels. These entries can be exported to Excel, streamlining the accounting process and ensuring consistency across financial records.
LeaseGuru provides pre-built, quantitative disclosure reports that help businesses comply with ASC 842 and IFRS 16 standards. These reports include essential line items such as lease cost, cash flow, and weighted averages, simplifying the disclosure process.
Developed by FinQuery's in-house certified public accountants, LeaseGuru's calculations are CPA-approved, ensuring compliance with lease accounting standards. This professional validation offers users confidence in the accuracy and reliability of their financial reporting.
The intuitive dashboard provides a comprehensive overview of your lease portfolio, allowing users to track upcoming and remaining payments, lease statuses, and important dates. This centralized view aids in efficient lease management and decision-making.
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