ProLease was built by CPA’s and industry veterans to give our customers an uncompromising platform for real estate and equipment lease accounting. Our software delivers comprehensive functionality designed specifically to support the new FASB / IASB lease accounting standards (ASC-842 / IFRS 16). In addition, ProLease has achieved SOC 1 Type II certification.
Use ProLease to easily create lease capitalization schedules, run disclosure reports, and generate Journal Entries (Transitition and Monthly) which can be transferred to your general ledger system. We also support dual FASB and IASB reporting of the same lease. ProLease performs every task necessary for compliance with ACS-842 and IFRS 16.
ProLease’s Lease Accounting solution represents eight years of research, testing and programming to create functionality that complies with the new lease accounting standards. We consulted closely with Bill Bosco, former ELFA chairman and member of the FASB’s Leases Project working committee. Our team also met in person with the FASB and IASB multiple times to review our methodologies and calculations. The result? The most intuitive lease accounting solution on the market today.
ProLease Lease Accounting software gives users a complete end-to-end solution for lease administration and lease accounting. Track your real estate and equipment leases, manage day-to-day changes, and comply with the new lease accounting guidelines, all on one platform. No other solution has been as thoroughly researched to provide a powerful, intuitive platform that’s ready to use today.
It’s time to start thinking about the way you approach lease accounting. Schedule a demo to see what ProLease can do for your business.
The ProLease professional services team is available to schedule multiple training sessions for your various user groups. Training can be performed onsite at your office or via web meeting.
Automate your rent payment process, accounting journal entries, and more with ProLease accounting system integration. We have helped clients integrate ProLease with systems including Oracle, SAP, Lawson, Workday, Great Plains, and others.
The ProLease development team can get you started by migrating your existing lease data into ProLease from virtually any database or file format.
We work closely with our business partners to abstract and enter leases directly into your ProLease database, as part of your initial implementation as well as ongoing support.
ProLease provides unparalleled customer support led by our technical accounting team staffed with CPA’s.