Be Ready for Anything: Lease Accounting Software for Accounting Teams

Be ready for whatever lease changes come your way. Whether it's market volatility affecting discount rates, hiccups while reconciling accounts at month-end or the real estate team making edits, you're in control.

The CoStar commercial lease accounting platform also improves reporting and eliminates calculation errors ... so you can feel confident knowing you have the best technology to tackle change. No matter how fast it comes.

Illustration of male lease accountant checking a list and female lease accountant examines a notebook and a laptop.

ASC 842 & IFRS 16 Compliance for Accounting Teams

"I Need to Stay Ahead of Change"

Compliance with accounting standards is just the start.

Add in fluctuating discount rates, reporting requirements, audits and shrinking budgets ... and your lease accounting team is scrambling to adjust to change, let alone stay ahead of it.

There’s a reason why more accounting advisory firms recommend CoStar Real Estate Manager than any other lease accounting platform. Built for enterprise accounting teams and accounting advisory firms managing lease accounting programs, it’s proven to be the best with ASC 842 and IFRS 16 compliance. We can handle your reporting needs with ease and will greatly reduce manual calculations other systems require. You will stay ready with real-time portfolio data.

Need more steady in your life? Count on CoStar Real Estate Manager.

Automated Lease Accounting & Reporting

You'll close with confidence when you team up with the No. 1 recommended solution for ASC 842 and IFRS 16. Save hundreds of hours by automating the manual compliance tasks that drag you down. Breathe a sigh of relief knowing that your balance sheet is accurate and audit-ready.

Get Lease Accounting Support

CoStar Lease Accounting Interface Interface

Having everyone in the same system and having that relationship is just the most important thing. All the details, all the options, just flow naturally out of that working relationship.

Trey Thrower

Director of Mixed Assets and Leases, Inspire Brands

I like that CoStar can be a database for all types of leases and at the same time become a tool for ASC842/IFRS16 lease accounting standard. This makes it easy to reconcile accounting reports back to lease data, and also having access to one application can allow users view both lease data and lease accounting data.

Hyun Ji C.

Assistant Controller, Financial Services

Lease Administration & ASC 842 Reporting are best in class. Workflow is simply the best in comparison to other leading software, which makes you scroll to multiple screens.

Jim J.

CPA, PMP, Transportation

Spend Less Time on Lease Accounting

Accounting for leases couldn’t be easier with the most advanced automation from CoStar. On average, lease accountants save 500+ hours on ASC 842 and IFRS 16 workarounds when they switch to CoStar.

Automation Benefits:

Auto-generate compliant schedules and journal entries
Reduce manual review and reconciliation effort
Accelerate month-end close and reporting cycles

Senior Lease Accountant smiling at a colleague in her office sitting at her desk

Always Be Audit-Ready

The new lease accounting standards were a big change for accounting teams. But thanks to system-generated audit details included with every CoStar report, your lease accounting manager will always be ready to respond to audit requests quickly and thoroughly.

Audit-focused Capabilities:

Full audit history for every lease change
Standardized ASC 842 and IFRS 16 disclosure reports
Traceable calculations and assumptions
Secure user permissions and workflow controls

Smiling African American lease accountant looking at some papers at her desk

Tackle ASC 842 + IFRS 16 Your Way

Our lease accounting software offers the best enterprise-class controls and workflows for IFRS 16 and ASC 842 compliance. But every lease accounting manager can also customize ad-hoc reports and add specific lease-level details.

Flexible Compliance Features:

Custom reporting and dashboard views
Configurable discount rates, assumptions, and treatment policies
Lease-level detail with drill-down support
Multi-entity and global portfolio capabilities

Lease accountant in a modern office looking at his laptop smiling

Understanding Critical Audit Matters

The Shrinking Lease Tech Landscape

Addressing the Accounting Talent Shortage

Yes. The platform automatically recalculates schedules when leases change, whether it's a rate fluctuation, term adjustment, or real estate team update. you always have accurate, real-time financial data.

CoStar connects with leading ERP and financial systems to streamline journal entry posting and reconciliation. This ensures consistency between lease accounting outputs and your general ledger.

Absolutely. CoStar offers enterprise-level capabilities for multi-entity environments, including roll-ups, consolidated reporting, and granular lease-level detail when needed.

Yes. In addition to standard ASC 842 and IFRS 16 disclosure reports, you can build custom ad-hoc reports and dashboards to match your internal reporting needs.

Yes. CoStar is built for growth. From small portfolios to global enterprise lease environments, the platform scales to support evolving business complexity and volume.

Be Ready for Anything: Lease Accounting Software for Accounting Teams

ASC 842 & IFRS 16 Compliance for Accounting Teams

"I Need to Stay Ahead of Change"

Automated Lease Accounting & Reporting

Having everyone in the same system and having that relationship is just the most important thing. All the details, all the options, just flow naturally out of that working relationship.

Trey Thrower

Hyun Ji C.

Lease Administration & ASC 842 Reporting are best in class. Workflow is simply the best in comparison to other leading software, which makes you scroll to multiple screens.

Jim J.

Spend Less Time on Lease Accounting

Always Be Audit-Ready

Tackle ASC 842 + IFRS 16 Your Way

Resources for Lease Accounting

Lease Accounting Outlook

ASC 842 Replacements Guide

Lease Accounting Guide

Content for Accounting Teams

Understanding Critical Audit Matters

The Shrinking Lease Tech Landscape

Addressing the Accounting Talent Shortage

Frequently Asked Questions for Accounting Teams

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CoStar Real Estate Manager