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iLeasePro Reviews & Product Details

iLeasePro: Your Next-Generation Lease Accounting Solution! ✨ Elevate your Lease Accounting with the Power of Cloud! iLeasePro is your intuitive and comprehensive cloud solution, meticulously designed to streamline your transition to, and continual adherence with, the ASC 842 Standard. We bring unparalleled accuracy and affordability to lessees, ensuring seamless and precise lease accounting! 🔍 Unmatched Compliance Assurance! Our state-of-the-art, SaaS solution accurtaely accounts for Operating, Finance, and Short-Term leases, guaranteeing compliance with the ASC 842 Standard. With iLeasePro, SOC 1 Certified, effortlessly generate essential amortization schedules, journal entries, and auditor-required financial disclosure reports, eliminating compliance hassles and fostering business transparency! 🔄 Seamless Integration & Elevated Efficiency! iLeasePro synergizes with numerous accounting solutions, enabling flawless uploading of journal entries directly into your general ledger, enhancing operational workflow and ensuring data integrity! 🌟 Unlimited Access & Empowered Decision-Making! iLeasePro empowers you with the capability to add an unlimited number of users, granting your team access to crucial date tracking, notifications, and electronic lease document uploading. With features like linked lease documents and robust portfolio management capabilities, coupled with over 50 standard lease accounting and administration reports, access your lease information swiftly and make informed decisions with confidence! 💡 Quick & Hassle-Free Implementation! Experience the swift and straightforward implementation of iLeasePro! Typical setup times are a mere two to three days, ensuring you can start entering your vital lease data within a week! Why iLeasePro? - Enhanced Compliance: Adhere to ASC 842 Standards with absolute precision. - Operational Excellence: Seamless integrations and intuitive interfaces. - Strategic Insights: Over 50 standard reports for unparalleled insights. - Collaborative Ecosystem: Unlimited users and comprehensive access. - Rapid Deployment: Start leveraging iLeasePro in just a few days! iLeasePro - Transforming Lease Accounting with Precision, Integration, and Insight! 📞 Get in Touch! Discover how iLeasePro can revolutionize your lease accounting and administration! Reach out to our experts today and embark on your journey to elevated lease management!

Seller

iLease Management

Languages Supported

English

Product Description

iLeasePro is a cost effective, cloud-based Lease Accounting and Lease Management technology solution that raises transparency, supports information sharing capabilities and efficiency to the lease portfolio of Lessees.

Overview by

John Meedzan

Pricing

Pricing provided by iLeasePro.

iLeasePro ASC 842 Lease Accounting, Management & Analysis Solution

iLeasePro ASC 842 Lease Accounting Solution

Free Trial

Per Month

View More Pricing Information

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iLeasePro Media

Executive dashboard offers insight into your lease portfolio to help support visibility, awareness and fact based decisions.

List of the Leases in the Portfolio with capability to Group and Sub-Group for enhanced reporting and visibility into the lease portfolio by lease.

Capture up to 10 categories of detail lease information. Includes critical date notification capability to track and monitor key lease dates.

iLeasePro Demo - Lease Accounting - Individual Lease or Batch of Leases

Use the Lease Classification Wizard to help identify the FASB Lease Classification. Then generate daily amortization of right-of-use and lease liability balances to build ASC 842 compliant ROU monthly journal entries for individual leases or as a batch of leases for your portfolio. You can also...

iLeasePro Demo - Initial ASC 842 Transition Feature

The Transition feature allows you to perform the one time transition to begin accounting under the FASB ASC 842 standards. Enter in the ASC 840 adjustments for each Operating and Finance lease, select your transition date and click on the Apply Transition Net Adjustments button. The initial ROU ...

Over 50 Standard Reports include for Account Level Reporting, Lease Accounting and ASC 842 Disclosure Financial Reporting, Lease Management Reports, Audit Reports and Administration Reports. Most reports include filters to allow for enhanced access to your data.

iLeasePro Reviews (13)

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Matthew W.

Assistant Controller

Mid-Market (51-1000 emp.)

10/16/2022

"iLeasePro has help our team meet the news of the new lease requirments"

4/5

What do you like best about iLeasePro?

The best part of using iLeasePro is that it syncs directly with our ERP, Sage Intacct. It means that once I confirm that the journal entries are correct, they upload seamlessly with our system. Their help section and response to questions have almost been immediate, which I appreciate a great deal. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

Grouping locations on iLeasePro could be a little smoother, something like a section where you could check which leases you want to add. Currently you need to enter in each lease separtely and choose what group(s) you would like them in. This is not a big issue, really iLeasePro has checked all of our boxes. Review collected by and hosted on G2.com.

Response from John Meedzan of iLeasePro

edit

Thank you Matthew for the great rating. We are excited to be working with you and your team! iLeasePro provides a seamless flow with Sage Intacct through the tight web-services integration.

Kerri G.

Senior Corporate Accountant

Mid-Market (51-1000 emp.)

11/1/2022

"Overall iLeasePro is user friendly and easy to navigate."

4/5

What do you like best about iLeasePro?

I like best the reports that come out of iLease that depict when lease payments are due. Being able to provide secure links to folks outside of the accounting department who can use the information in a way that's beneficial to them is also a plus. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

It would be nice if iLeasePro adapted to the new ASC 842 Lease Accounting Standards to better assist in the recording of ROU and Lease Liability asset accounting Review collected by and hosted on G2.com.

Response from John Meedzan of iLeasePro

edit

Hi Kerri,

Thank you for the positive review. iLeasePro does offer you the ability to comply to the ASC 842 Lease Accounting Standard. We would be happy to walk you through or you can review the ASC 842 Help Guides starting with the link included.

See how iLeasePro improved

Cristian P.

Accounting Consultant

Enterprise (> 1000 emp.)

10/25/2022

"Great Value and Customer Support"

4/5

What do you like best about iLeasePro?

John and the team are very responsive, pricing is significantly less than competitors. Great for small to medium sized businesses. Way better than tracking in excel, haven't used the payment or journal entry feature yet but they are nice to have. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

There are some technical issues but the team is responsive when they do arise. May not be the best for companies with a significant amount of lease modifications. Review collected by and hosted on G2.com.

Response from John Meedzan of iLeasePro

edit

Thank you Cristian. We enjoy working with you and your team as well. We feel that iLeasePro is the most intuitive and cost-effective solution on the market for small and mid-sized companies.

Carolyn H.

Senior accountant

Mid-Market (51-1000 emp.)

10/20/2022

"ILeasePro is a good software for leases."

2.5/5

What do you like best about iLeasePro?

ILease Pro is user friendly. The reports are easy to run and the parameters are easy to select. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

ILease Pro does not calculate the lease amortization very cleanly. Starting a lease not on day one of any month creates a calculation issue. Review collected by and hosted on G2.com.

Response from John Meedzan of iLeasePro

edit

Hi Carolyn, Thank you for taking the time to provide a review. I am very interested in trying to understand your comment on the calculations. iLeasePro calculates the Daily Amortization of ROU Asset and Lease Liability to offer you the most accurate ASC 842 calculations. The balances and amortization schedule are calculated by discounting cash flows using relevant discount rate defined for each lease based on the actual month days, which in fact is the most accurate calculation approach. I would enjoy the opportunity to have a discussion to better understand your concern.

Kyle Y.

Accounting Consultant

Mid-Market (51-1000 emp.)

11/2/2022

"Great Lease Accounting Solution"

5/5

What do you like best about iLeasePro?

This product is intuitive and easy to implement and begin using right away. It's also an excellent central repository for lease documentation. Cost effective too! Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

Currently there are two lease categories, real estate and equipment. It would be helpful if there was a vehicle category as well that had fields specific to vehicle leases. Review collected by and hosted on G2.com.

Response from John Meedzan of iLeasePro

edit

Thank you Kyle. Appreciate your positive review. We will add your suggestion to our development backlog.

Jason C.

Accounting Manager

Mid-Market (51-1000 emp.)

10/11/2022

"Missed the Mark"

0/5

What do you like best about iLeasePro?

Cloud-based, multi-user environment is useful and convenient. Software is performant (speedy) and does what it claims to do, although there are better solutions available. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

Less intuitive user interface, unattractive color scheme. Sufficient reporting needed for auditors was lacking; we had to supplement with separate spreadsheets. Review collected by and hosted on G2.com.

Elliott W.

Accountant

Mid-Market (51-1000 emp.)

10/24/2022

"Great and Easy to Use Tool"

5/5

What do you like best about iLeasePro?

It's quite simple to use and covers all of our lease accounting needs. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

The inability to export journal entry detail for operating leases by group/subgroup. Seems I can only export all operating leases by subsidiary. The ability to export operating leases by group or at least show the group name, if nothing else, would be nice. Review collected by and hosted on G2.com.

Response from John Meedzan of iLeasePro

edit

Hi Elliot. Thank you for your review. iLeasePro can export journal entries by group. I have attached the Help guide that explains how to do this, but I will follow up with you as well

See how iLeasePro improved

Verified User in Non-Profit Organization Management

Mid-Market (51-1000 emp.)

10/12/2022

"Excellent solution to new leasing standards"

5/5

What do you like best about iLeasePro?

We were able to key in our own data and start using within a couple of weeks. The Guides were helpful and the system is very intuitive. We love being able to use the portfolio feature to group our store leases. The system provides all the information you need to create your monthly entries with the click of a button. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

Reporting is generic. The reports are basic and not very customizable. Review collected by and hosted on G2.com.

Melanie K.

Finance Consultant

Mid-Market (51-1000 emp.)

10/11/2022

"Great value and easy to use!"

5/5

What do you like best about iLeasePro?

Support was great, and the documentation on how to set up and use it was super helpful! The cost for our number of leases couldn't be beaten. Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

Setting partial months and the number of subsequent periods was a little tricky initially. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care

Enterprise (> 1000 emp.)

11/3/2022

Business partner of the seller or seller's competitor, not included in G2 scores.

"It has some limitations that need manual work"

2/5

What do you like best about iLeasePro?

It is easy to login, all the sections are clearly understood Review collected by and hosted on G2.com.

What do you dislike about iLeasePro?

Making minor updates in one tab affects other tabs, which ends up to repetitive work. Sometimes it is very slow. Review collected by and hosted on G2.com.