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LeaseCalcs Reviews & Product Details

EF
Director, Assistant Controller
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

LeaseCalcs is user-friendly and easy for our team to update and maintain. As our system of record for leases, LeaseCalcs efficiently generates our month-end accounting entries (integrated into our ERP), and reports from LeaseCalcs are used by multiple teams, including Facilities, HR and FP&A. Client service from implementation through ongoing support has been excellent. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

No significant dislikes. Note that there is a learning curve to using the software, and the published training materials are limited. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

Primarily lease accounting to comply with USGAAP. Review collected by and hosted on G2.com.

LeaseCalcs Overview

What is LeaseCalcs?

LeaseCalcs automates the entire lease accounting and lease administration processes across your portfolio of real estate and equipment leases, and is the most fully featured application in the market today. Comprehensive reporting under GAAP, IFRS and GASB accounting standards, with everything from disclosure reports, future minimum lease payments, journal entries, roll forward reporting, automated audit reports and so much more. With LeaseCalcs you can leverage your lease accounting compliance to enhance your operations, improve financial performance and avoid accounting surprises. LeaseCalcs includes full comparative financial analysis of any kind of real estate or equipment transaction, portfolio planning and project management for your real estate team, and robust lease administration capabilities, all in one integrated platform. With hundreds of enterprise clients around the world using LeaseCalcs to analyze and account for over 8 billion square feet of real estate leases and well over 2 million pieces of equipment, LeaseCalcs continues to prove world class companies use world class software.

LeaseCalcs Details
Languages Supported
English
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Product Description

LeaseCalcs develops customized accounting software solutions for various clients.

How do you position yourself against your competitors?

LeaseCalcs was developed directly in response to the new lease accounting standards from the FASB, IASB and GASB. Our foundation comes from over 30 years of deep experience in negotiating, accounting for and auditing real estate and equipment lease transactions, which results in an application that is easy to implement, intuitive and highly cost effective.

What that means for our clients:

• Fast implementations, guaranteed. Whether you have 50, 500 or 5,000 leases!
• Loyalty. We’ve never had a client leave us to use another application. Not even once.
• Platform of choice. Many clients previously used other apps, but now use LeaseCalcs.
• Versatile. Lessee, lessor, subleases, sale-leasebacks, owned assets, non-lease contracts.
• Robust. LeaseCalcs handles the most complex transactions, easily.
• Trusted. 94% of clients referred to LeaseCalcs by all of the Big 4 and mid-tier firms.
• Complete. Lease accounting, administration, financial analysis, project management, planning. All in one.


Seller Details
Year Founded
2010
HQ Location
Irvine, US
Twitter
@LeaseCalcs
122 Twitter followers
LinkedIn® Page
www.linkedin.com
19 employees on LinkedIn®

Marc M.
MM
Overview Provided by:
Founder & President - LeaseCalcs, Inc.

Recent LeaseCalcs Reviews

BM
Barbara M.Enterprise (> 1000 emp.)
5.0 out of 5
"LeaseCalcs is a wonderful product for tracking leases and offers top notch customer service!"
LeaseCalcs provides a smooth transition to ASC 842 compliance, has very detailed reports, is flexible and can handle multiple currencies. LeaseCal...
JP
Jonathan P.Enterprise (> 1000 emp.)
5.0 out of 5
"Great Software for Managing Leases"
I like how LeaseCalcs manages the leases, entries, reporting, expiration tracking, etc. Very easy to consolidate data with the amount of available ...
MK
Melissa K.Enterprise (> 1000 emp.)
5.0 out of 5
"Excellent solution for lease accounting"
LeaseCalcs is very intuitive. The solution provides everything you need for your reporting cycle from beginning to end, including journal entry, di...
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LeaseCalcs Media

LeaseCalcs Demo - LeaseCalcs Dashboard
LeaseCalcs - Performance Dashboard offers quick access to the most used OOB Reports available in the application; Disclosures, Future Minimum Lease Payments, Additions, Terminations, Expirations, Journal Entries, Deferred Rent and Amortization, ROU & Interest, Ending Balance Sheet, Roll Forwa...
LeaseCalcs Demo - LeaseCalcs' Library View
Two Libraries - Real Estate & Equipment. Each library will have three tabs, In Progress (leases being entered, edited or amended), Pending Approval (leases that are in an Approval review, with the ability to track where the lease is in the Workflow), Approved (Leases that have been approved...
LeaseCalcs Demo - Proposal Menu
Robust functionality for anything that happens in your lease portfolio, impairments, transfers, prepaid rent, AROs, etc.
LeaseCalcs Demo - LeaseCalcs' Dynamic Interface
LeaseCalcs' Dynamic Interface allows for total flexibility in entering lease data.
LeaseCalcs Demo - Disclosures Report
LeaseCalcs' Disclosures report provides for Annual, Quarterly, TYD and "as of" Disclosures, including lease-by-lease and audit report downloads.
LeaseCalcs Demo - Report Summary
LeaseCalcs' customized Report Summary provides high level overview of the financial data that has been entered through the dynamic interface. Users can create a customized template (selecting from 170+ data points) that can be used by an individual or by everyone in the subscription.
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28 out of 29 Total Reviews for LeaseCalcs

5.0 out of 5
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28 out of 29 Total Reviews for LeaseCalcs
5.0 out of 5
28 out of 29 Total Reviews for LeaseCalcs
5.0 out of 5

Overall Review Sentiment for LeaseCalcsQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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JP
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

I like how LeaseCalcs manages the leases, entries, reporting, expiration tracking, etc. Very easy to consolidate data with the amount of available reporting. The available options make providing back-up to auditors easy. The monthly entries are extracted from LeaseCalcs to SAP each month, so they do not have to be manually posted. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

I have been using the software for about 2 years and am still learning everyday. I would like to see the system navigation sped up, it is a bit slow currently (although we have over 1000 leases currently in system). Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

LeaseCalcs is a global repository for all of our leases (Real Estate, Equipment, Vehicles, etc). We can track expiring leases, sq footage, all base rents, additional rents, future rent payments, etc. Financial reporting is easy to access and is all in a single location. Monthly entries are extracted to SAP for us, eliminating those manual entries. Review collected by and hosted on G2.com.

Scott D.
SD
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

The ability to manage our portfolio and have insight into the P&L of each location in terms of Cash and IFRS calculations. Looking forward to integrating API into our accounting system to pay rent more efficiently. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

No legitimate complaints. The LeaseCalcs team has been wonderful in the setup of our portfolio. The RE: Act budgeting model has taken major strides in the right direction over the past couple of months. I'm excited to see the next updates and the introduction of the business case approval workflow. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

The LeaseCalcs team has been wonderful in the setup of our portfolio. The RE: Act budgeting model has taken major strides in the right direction over the past couple of months. I'm excited to see the next updates and the introduction of the business case approval workflow. Review collected by and hosted on G2.com.

MK
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

LeaseCalcs is very intuitive. The solution provides everything you need for your reporting cycle from beginning to end, including journal entry, disclosure, and thorough audit trails. Impressed with this comprehensive package. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

I have not encountered anything to date that I don't like about LeaseCalcs. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

As a newly public company, we needed a solution like LeaseCalcs to quickly and accurately account for our lease portfolio. While our portfolio is not extensive, accounting for leases using excel is time consuming and subject to error. The LeaseCalcs software acts as both a library for your lease portfolio, with all pertinent facts stored in one location and simplifies the monthly accounting and reporting process. Review collected by and hosted on G2.com.

Nakisha W.
NW
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

The ability to accomplish Lease management and maximizes the real estate portfolio all in one system. The Financial Accounting, Financial reporting, billing and invoicing features are Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

I have no complaints about the system. I am a new user and daily learning new features of the software. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

LeaseCalcs provides a one-stop for Lease accounting, portfolio management and data analytics. Review collected by and hosted on G2.com.

JoEllyn J.
JJ
Assistant Controller
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

Easy-to-follow screens and inputs. Friendly and knowledgeable staff. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

Some of the reports take a little time to understand and digest due to differences in terminology of our business. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

Accounting for 842 lease standards and the tracking of our building and equipment leases. The online lease testing is a plus, besides having a one-stop resource for these documents. Review collected by and hosted on G2.com.

BM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

LeaseCalcs provides a smooth transition to ASC 842 compliance, has very detailed reports, is flexible and can handle multiple currencies. LeaseCalcs response to questions timely and is always available for a call. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

I would like to see more support detail on the calculation. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

ASC 842 compliance and lease workflow Review collected by and hosted on G2.com.

Carrianne G.
CG
Senior Accountant
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about LeaseCalcs?

The software is very intuitive to use! The customer service is great! The software has great reporting for disclosures and Ad Hoc research. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

Not many downsides! Any issues we experienced were resolved quickly and the cause and solution explained to help us in the future. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

Tracking all leases for ASC 842 and compiling all required journal entries. This beneficial as there are many information fields that aid us in tracking all aspects of each lease. Review collected by and hosted on G2.com.

DJ
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about LeaseCalcs?

LeaseCalcs has been an easy platform to implement and is much more comprehensive than our previous solution. The support has been exceptional from the Leasecalcs team! Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

There isn't anything that I can think of that I dislike at this point in our implementation. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

LeaseCalcs is providing us a more comprehensive and integrated platform for our Lease Administration, Lease Accounting and Transaction/Project Management through their RE:Act module. Review collected by and hosted on G2.com.

Mehak A.
MA
Assistant Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

It fulfills requirements for all the teams from AP to Accounting and Facilities as well. Information for the leases at one place. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

Leasecalcs is making changes every month over coming on the missing things. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

It is helping in passing JEs and accounting for Leases under ASC842 in less time , manually it used to take 2 days for passing JEs for almost 90 Leases which I can pass now in half an hour. Review collected by and hosted on G2.com.

Matt S.
MS
Vice President, Assistant Corporate Controller
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about LeaseCalcs?

LeaseCalcs provide a best-in-class accounting solution for adopting the new Lease Accounting Standard, ASC 842, while at the same time proving an excellent lease administration system. But it is their customer support and industry knowledge (accounting and lease administration) that truly separates them from the competition. Review collected by and hosted on G2.com.

What do you dislike about LeaseCalcs?

Our Accounting and Lease Administration teams have been very happy with LeaseCalcs. There is not much to dislike. Review collected by and hosted on G2.com.

What problems is LeaseCalcs solving and how is that benefiting you?

LeaseCalcs is our lease accounting and administration software. Review collected by and hosted on G2.com.