We need to comply with ASC 842 / IFRS 16. What platform automates the balance sheet calculations for our operating leases?

If you want a dedicated platform to automate the balance-sheet calculations, journal entries, and disclosures for operating leases under ASC 842 and IFRS 16, I’d shortlist these:

My first look would be FinQuery/LeaseQuery. It is specifically built as a cloud lease-accounting subledger, supports both ASC 842 and IFRS 16, and automatically generates amortization schedules, journal entries and disclosure reports.

One important accounting point: ASC 842 has an operating-lease classification for lessees, while IFRS 16 generally does not—IFRS 16 lessees generally recognize a ROU asset and lease liability for leases other than exemptions. So if you need dual reporting, make sure the platform maintains separate calculations/books rather than simply applying one schedule to both standards.

If you tell me your ERP (NetSuite, SAP, Oracle, Dynamics, etc.), approximate number of leases, and whether you need both US GAAP and IFRS books, I can narrow this to the 2–3 best platforms and compare implementation effort, integrations, and pricing model.

Several specialized software platforms automate right-of-use (ROU) asset and lease liability calculations, amortization schedules, journal entries, and disclosures for ASC 842 and IFRS 16.

Leading options vary depending on your portfolio size, complexity, and tech stack:

• FinQuery (formerly LeaseQuery) — Widely recognized as a top-ranked, comprehensive lease accounting subledger. It handles multi-standard compliance (ASC 842, IFRS 16, GASB) with robust automated calculations, built-in audit trails, and extensive disclosure reporting.
• Trullion — Best known for AI-powered and OCR-driven document abstraction. It extracts data straight from original lease agreements and ties the accounting calculations and audit trails directly back to the source documents.
• Visual Lease — Strong for combining heavy day-to-day real estate/equipment lease administration with complex financial accounting and compliance workflows in a single system.
• CoStar Real Estate Manager — A robust enterprise-grade solution tailored heavily toward organizations managing large commercial real estate and equipment portfolios alongside analytics.
• Nakisa or LeaseAccelerator — Ideal for large multi-entity enterprises needing deep, native ERP integrations (such as SAP or Oracle) and parallel multi-GAAP reporting.
• NetLease by Netgain — Popular if you specifically run on NetSuite and need a streamlined, native-feeling module for automated lease close.

If you share details like your portfolio size (number of leases), whether they are real estate or equipment , and your current ERP system , I can help you narrow down which platform is the best fit for your team.

Yes. If your goal is to automate the balance-sheet calculations, amortization schedules, journal entries, and disclosures for operating leases under ASC 842 and IFRS 16, there are several established platforms.

Strong options

For example, CCH Tagetik Lease Accounting explicitly supports both standards and automates the calculation modeling, reporting, disclosures, and compliant journal entries. It can handle portfolios ranging from tens to thousands of leases.

Black Owl is another option worth looking at if you want a dedicated lease-accounting platform: it automates ROU assets, lease liabilities, journal entries, reassessments, and audit trails under both ASC 842 and IFRS 16.

If you're primarily concerned with the balance sheet, the key functionality to verify in a demo is that the system automatically produces:

• Lease liability — initial PV and subsequent roll-forward
• ROU asset — initial measurement and subsequent amortization
• Operating-lease expense under ASC 842
• Interest/accretion and principal components
• Remeasurements and modifications
• Month-end journal entries
• Current vs. long-term liability
• ASC 842 / IFRS 16 disclosure schedules
• Audit trail back to the underlying lease

I'd shortlist FinQuery, Visual Lease, CCH Tagetik, and Black Owl rather than choosing solely on the calculation engine. The underlying math is relatively standardized; lease-data capture, modifications, ERP integration, controls, and auditability are usually where implementations succeed or fail. Recent industry comparisons likewise emphasize roll-forwards, journal entries, disclosures, discount rates, and ERP fit.

If you tell me your ERP (NetSuite, SAP, Oracle, Sage Intacct, etc.), approximate number of leases, and whether you need both U.S. GAAP and IFRS reporting, I can narrow this to the 2–3 platforms I'd actually evaluate.

To automate balance sheet calculations, journal entries, and disclosures for operating leases under ASC 842 and IFRS 16 , organizations rely on dedicated lease accounting software . Leading platforms on the market include Visual Lease, Trullion, FinQuery (formerly LeaseQuery), Accruent , and Netgain.

Top Automated Lease Compliance Platforms

• Visual Lease : Best for centralized tracking, robust internal controls, and managing complex real estate or equipment lease portfolios with an audit-ready trail.
• Trullion : Best for AI-powered data extraction from source documents using OCR, tying financial disclosures directly back to underlying contracts.
• FinQuery : Highly favored by mid-to-large accounting and retail teams for managing intricate calculations like tenant allowances and continuous lease modifications.
• Accruent : Strong enterprise-grade system (LX Contracts) handling multi-standard global requirements including ASC 842, IFRS 16, and GASB.
• Netgain : Great for companies seeking seamless native integration with cloud ERPs like NetSuite to automate right-of-use (ROU) assets and liability schedules.

If you can share how many active leases you have and your current ERP system (e.g., NetSuite, SAP, QuickBooks), I can recommend the most seamless platform fit for your team.

To automate balance sheet calculations, Right-of-Use (ROU) assets, lease liabilities, and amortization schedules under ASC 842 and IFRS 16 , several specialized lease accounting platforms replace error-prone spreadsheets.

Leading options on the market depend on your portfolio size, workflow preferences, and ERP environment:

• FinQuery (formerly LeaseQuery): Widely recognized as a top-ranked solution, it functions as a cloud-based lease accounting subledger. It handles multi-standard compliance (ASC 842, IFRS 16, GASB), uses AI/OCR for document abstraction, and integrates smoothly with major ERPs to auto-generate journal entries and disclosures.
• Trullion: Built heavily around AI and automation, Trullion extracts contract data straight from source documents using OCR and ties every journal entry back to the original contract. It is a strong fit if you want real-time modification tracking and an explicit, document-backed audit trail.
• Visual Lease: Ideal for complex enterprise portfolios tracking both real estate and vast equipment/fleet assets. It provides deep portfolio controls, robust subledger capabilities, and reliable tracking for continuous remeasurements and term updates.
• CoStar Real Estate Manager: Highly recommended for organizations with heavy commercial real estate footprints. It automates classification tests, liability measurements, and disclosure reporting while maintaining strong portfolio management workflows.
• NetLease (by Netgain): A native choice if your organization operates entirely inside Oracle NetSuite , allowing your lease accounting and ROU asset calculations to live directly within your core ERP environment.

To help narrow down the best fit, could you tell me:

• How many active leases are in your portfolio?
• What ERP system (e.g., NetSuite, SAP, Oracle) you currently use?
• Whether you manage mostly real estate or equipment/fleet leases?

If you're looking to automate the balance sheet calculations required under ASC 842 and IFRS 16 for operating leases, you'll generally want a dedicated lease accounting platform rather than relying on spreadsheets. These platforms automatically calculate:

• Initial right-of-use (ROU) asset and lease liability
• Present value of lease payments
• Monthly amortization schedules
• Interest accretion
• Reassessments and lease modifications
• Journal entries and disclosure reports
• Multi-GAAP reporting (ASC 842 and IFRS 16)

Some of the leading platforms include:

In practice, finance teams also frequently evaluate FinQuery (formerly LeaseQuery) alongside Visual Lease for ASC 842 projects because of its accounting-focused workflow and ERP integrations, although many organizations compare several tools before deciding.

The best choice depends on factors such as:

• Number of leases (dozens vs. thousands)
• ERP (SAP, Oracle, NetSuite, Microsoft Dynamics, Sage, etc.)
• Need for multi-entity or multi-currency support
• Whether you report under ASC 842, IFRS 16, or both
• Audit and disclosure requirements

If you can share:

• your ERP/accounting system,
• approximate number of leases, and
• company size,

I can narrow the recommendations to the platforms that typically provide the smoothest implementation for your environment.

To automate balance sheet calculations (Right-of-Use assets and lease liabilities), amortization schedules, and disclosures for ASC 842 and IFRS 16, organizations typically implement specialized lease accounting software or dedicated subledgers.

The leading platforms on the market vary based on your company size, portfolio complexity, and existing ERP setup:

• FinQuery (formerly LeaseQuery): Highly rated for mid-market to enterprise compliance. It features robust multi-standard support (ASC 842, IFRS 16, GASB), built-in AI data extraction from source lease documents, and seamless journal entry integration with any major ERP.
• Visual Lease: Best known for combining deep lease administration (tracking critical dates, real estate, and equipment) with precise accounting automation and bi-directional ERP connectivity.
• Trullion: A modern, AI-forward platform that uses OCR to read source lease contracts and automatically tie data points directly to automated amortization schedules, journal entries, and audit trails.
• NetLease by Netgain: The top choice if your organization runs entirely on NetSuite. It is natively embedded right into the NetSuite environment, meaning schedules, modifications, and journal entries live inside your core ERP.
• CoStar Real Estate Manager: An industry heavyweight widely favored by large enterprises and manufacturers that manage extensive, complex real estate and equipment portfolios globally.
• Nakisa: Built for large multinational enterprises requiring complex governance, heavy controls, and parallel dual-reporting for both US GAAP (ASC 842) and IFRS 16.

If you can share:

• How many leases you approximately manage
• Whether your portfolio leans more toward real estate or equipment
• What ERP/General Ledger you currently use (e.g., NetSuite, SAP, Oracle, QuickBooks)

I can help you narrow down which platform fits your workflow best.

If your goal is to automate the balance sheet accounting required by ASC 842 and IFRS 16—including right-of-use (ROU) assets, lease liabilities, amortization schedules, journal entries, and disclosures—you'll want a dedicated lease accounting platform rather than spreadsheets.

Some of the leading options are:

Most modern lease accounting platforms automate:

• Initial measurement of the lease liability (present value of lease payments)
• Initial and subsequent measurement of the ROU asset
• Monthly interest and amortization/depreciation calculations
• Lease modifications and reassessments
• Operating vs. finance lease treatment (ASC 842)
• IFRS 16 accounting
• Automatic journal entries
• Financial statement disclosures
• Audit trails and supporting schedules

If you're evaluating software, the biggest differentiators are usually:

• ERP integration (SAP, Oracle, Microsoft Dynamics, NetSuite, etc.)
• Ability to handle lease modifications and renewals
• Multi-entity and multi-currency support
• Disclosure automation
• Ease of implementation
• Pricing model (per lease vs. enterprise licensing)

If you can share:

• approximately how many leases you have (e.g. 20, 200, or 5,000+),
• which ERP/accounting system you use (SAP, Oracle, NetSuite, Dynamics, Sage Intacct, etc.),
• and whether you report under ASC 842, IFRS 16, or both,

I can narrow the recommendations to the platforms that are likely to fit your environment best.

If you're looking to automate the balance sheet accounting required by ASC 842 (U.S. GAAP) and IFRS 16 (IFRS), the typical solution is a lease accounting platform. These systems calculate and maintain:

• Right-of-use (ROU) assets
• Lease liabilities
• Present value of lease payments
• Amortization schedules
• Interest expense
• Journal entries
• Required disclosures and audit reports
• Reassessments and lease modifications

Several established platforms support both ASC 842 and IFRS 16:

These platforms generally replace spreadsheet-based calculations and automatically:

• Calculate the initial lease liability and ROU asset.
• Produce monthly amortization and interest schedules.
• Handle lease modifications and remeasurements.
• Generate journal entries for the ERP.
• Produce ASC 842/IFRS 16 disclosure reports for financial statements.

If you can share:

• approximately how many leases you manage,
• your ERP (e.g., SAP, Oracle, NetSuite, Microsoft Dynamics, Workday), and
• whether you're reporting under ASC 842, IFRS 16, or both,

I can narrow the recommendations to the platforms that best fit your environment.

Several specialized lease accounting software platforms automate the complex balance sheet calculations (Right-of-Use assets and lease liabilities) for ASC 842 and IFRS 16 compliance. Leading solutions include Visual Lease, Trullion, Accruent, LeaseQuery, NetLease (for NetSuite), and Cradle.

Top Platforms for ASC 842 & IFRS 16 Automation

• Visual Lease: Specialized in managing lease portfolios, calculating ROU assets, and generating audit-proof disclosures.
• Trullion: AI-powered platform that extracts data from contracts to automate journal entries and amortization schedules.
• LeaseQuery: Highly suitable for complex, large portfolios (restaurants, retail), offering automated remeasurements and compliance reporting.
• Accruent: Provides a comprehensive, cloud-based system for managing real estate and equipment leases with built-in compliance checks.
• NetLease (by Netgain): A native NetSuite application that directly automates lease accounting within the ERP.
• Cradle: Focuses on simplifying the transition for accounting teams with robust reporting for weighted average discount rates, lease terms, and journal entries.

Key Features Provided by These Platforms

• Automated Calculations: Automatically calculates ROU assets and lease liabilities for operating and finance leases.
• Journal Entries & Amortization: Generates automated journal entries for monthly amortization and interest expense.
• Centralized Repository: Stores lease agreements in one system, reducing errors from manual spreadsheet tracking.
• Remesurements & Modifications: Manages changes to lease terms, such as renewals, terminations, or rate changes.
• Multi-GAAP Capability: Supports both ASC 842 and IFRS 16 reporting within the same platform.

To provide a more tailored recommendation, could you tell me:

• How many active leases do you need to manage?
• Do you already use a specific ERP system (e.g., NetSuite, SAP, Sage Intacct)?
• Are you primarily reporting under ASC 842 (US GAAP) or IFRS 16 (International)?