Visual Lease Reviews & Product Details

I had a really great experience with our implementation lead, Tim Little, who was very clear in the way he described things and was patient with us. He was very good at anticipating some things we might need and answering questions before we even got there. I also found Visual Lease to be a very good system, with a cleaner setup compared to the system we were using previously. As an accountant, I really appreciate the lease accounting calculations for their accuracy and the flexibility it provides to help us match the accounting we've had so far. Review collected by and hosted on G2.com.

I think I really struggled with kind of knowing how to use the reports and whatnot. Something that could be a little bit better is the way that the entries are set up. The payments aren't easy to follow. We hired a third party to load in the leases and it did not go smoothly. They didn't do a great job. Review collected by and hosted on G2.com.

When you have full functionality, it creates the GL entries and can automatically feed them into your ERP. It also provides all the necessary tools to manage assets, including leases, prepaid rent, and more.

It has a great design, could be hard to learn at the beginning but after that, it kinda guide you through the system Review collected by and hosted on G2.com.

When a lease ends before the contract term is complete, we are unable to recalculate without impacting the balances from the previous periods when the lease was still active. Additionally, we encounter problems with the calendar feature. Our company operates on a unique fiscal calendar, which causes a catch-up period in the VL calendar that eventually becomes misaligned with our actual fiscal dates. I believe the system could be much more user-friendly, and it would be helpful to have the ability to create custom reports. Review collected by and hosted on G2.com.

There are a number of things that I like about Visual lease. I really like and find very useful the FASB report that gets generated for purposes of the leases note in the financials. This report saves me alot of time. I must also commend the support team who always manage to quickly resolve any queries we have or provide us with assistance where needed. They are knowledgeable of the product and friendly. Review collected by and hosted on G2.com.

What I dislike the most about Visual Lease is when a lease comes to an end, VL admin automatically changes its status from Active to Historical and as soon as the status has been changed to Historical, you cannot run any modifications to the captured lease. If a modification needs to be run on a lease with a Historical status, you need to recapture that lease which will remain Active for 24 hours (even if the lease end date has passed) but that allows you to capture the modification. This is time consuming. Review collected by and hosted on G2.com.

Its intuitive and user-friendly interface, which makes managing lease data simple and efficient. The platform provides strong compliance support, especially for ASC 842 / IFRS 16 requirements, and offers clear reporting that helps in audits and financial reviews. I also appreciate the responsiveness of the support team and the system’s flexibility in handling complex lease scenarios, which adds significant value to day-to-day lease administration. Review collected by and hosted on G2.com.

There’s nothing significant to dislike about Visual Lease. That said, the experience could be even better with a more seamless, direct integration with NetSuite, which would further streamline data flow and reduce manual intervention. Review collected by and hosted on G2.com.

I like best about Visual Lease for its depth and rigor around lease accounting compliance, particularly for ASC 842 .

Purpose-built lease accounting engine. Visual Lease is not a generic contract repository with accounting bolted on. The calculations, amortization schedules, remeasurement logic, and disclosure support are designed specifically for lease accounting standards, which reduces interpretive risk.

Strong audit and control features. The system maintains clear audit trails, version history, and change logs. This is especially valuable during external audits, SOX testing, and internal controls reviews.

Handling of complex lease scenarios. It performs well with modifications, reassessments, partial terminations, CPI-based escalations, and multi-component leases—areas where spreadsheets and lighter tools often break down.

Centralized lease data governance. Legal, real estate, accounting, and FP&A can work off a single source of truth, reducing reconciliation issues and inconsistent assumptions across teams.

Reporting and disclosure support. Standard reports align closely with financial statement and footnote disclosure requirements, which saves time during quarter-end and year-end close. Review collected by and hosted on G2.com.

Visual Lease excels at compliance and audit defensibility, but it often falls short on user experience, agility, and operational ease. Review collected by and hosted on G2.com.

I use Visual Lease to streamline the lease calculation process, which I couldn't do without its engine. I like the interface because they don't make unnecessary changes, and they take user feedback well to incorporate it into the product. This stability means my end users, who don't use the product often, don't have to relearn the software, which adds value. The software has been really great, and I find the training portal helpful. I rarely need to create support tickets since I can find answers through the support documentation. Review collected by and hosted on G2.com.

When we make a lease modification I occasionally make errors that then are posted to the accounting feed. I wish the system would be more error-proof to prevent making these mistakes. Review collected by and hosted on G2.com.

Visibility to our team, we're not having to share records in an excel file or a shared drive - things can be organized and categorized for speedy review whenever needed. This prevents us from having to have 1 source or designated person for our workflow. Review collected by and hosted on G2.com.

I wish there were more options in the notifications and more custom fields. We have to use a 2nd system to track additional data and notifications to our teams.

It would also be nice if we could whitelist the notifications to come from our domain as many of our teams don't pay attention to the reminders and we have to resend the emails from ourselves. Its still helpful but could be better. Review collected by and hosted on G2.com.

I really like how easy it is to search and collect information on specific leases with Visual Lease. The lease breakdowns are particularly helpful for me as an agent. They make it easy to collect all the data I need to research markets and ensure we're on track with market values. I can easily pull all the necessary information to help run comps for our client's requirements, including knowing the square footage, the address, the commencement and expiration date, and a base rent breakdown. Additionally, the initial setup was very easy; our client just created my username and password, and I was able to log in quickly. Review collected by and hosted on G2.com.

No other issues, besides yesterday and today the website had trouble loading. Review collected by and hosted on G2.com.

What I like best about Visual Lease is that it centralizes all lease data in one place and makes compliance with ASC 842 straightforward. The automated calculations, reporting, and audit-ready schedules reduce manual work and help ensure consistency and accuracy across entities. Review collected by and hosted on G2.com.

What I dislike about Visual Lease is that some processes are not very intuitive and require multiple steps for relatively simple changes. Ad-hoc reporting and data extraction can also be limited or time-consuming, often requiring workarounds in Excel. Additionally, system performance and response time can be slow at times, especially when working with large data sets or during peak periods. Review collected by and hosted on G2.com.

Visual Lease excels at centralized lease data management, strong ASC 842/IFRS 16 compliance, automated calculations and disclosures, customizable reporting, audit-ready controls, and intuitive dashboards. It reduces manual errors, improves visibility across portfolios, supports complex lease scenarios, and streamlines collaboration between accounting, real estate, and finance teams. Review collected by and hosted on G2.com.

Common dislikes about Visual Lease include a steep learning curve, complex setup, limited UI intuitiveness, slower performance with large portfolios, and reliance on support for advanced configurations. Users also note reporting customization can feel rigid, integrations may require extra effort, and implementation timelines can be longer than expected. Review collected by and hosted on G2.com.