Lease accounting software that makes compliance easy.
See why experts recommend our lease accounting software to manage and report on real estate, equipment and other leased assets for compliance with the new FASB and IASB standards.
CoStar’s Lease Accounting Software Dashboard
Lease accounting software from CoStar analyzes and classifies leases for new lease accounting requirements, calculates percentage rent obligations, adjusts indexed rents and related taxes, processes rent and expense obligations, generates journal entries, runs financial reports, and integrates with corporate accounting systems.
Lease Accounting Software Highlights and Key Capabilities
Data Management
- Manage real estate, equipment and other leased assets
- System completes SSAE 18 audit annually
- Proprietary data transfer tool imports data and generates amortization schedules easily and correctly
- Accounting workflow and audit trail of all data changes
- Notifications and automated status changes for critical data elements including renewals
Calculation Engine
- FASB and IASB standards (ASC 840/FAS 13, ASC 842, IFRS 16) and classification types
- Lease-by-lease analysis and classification
- International currency conversion
Standard and Ad Hoc Reporting
- Amortization detail (single and multiple leases)
- Forecast and summary reports by lease classification
- Accounting lease data exceptions
- Facilitate restatements
- Measure balance sheet impact
Journal Entries
- API integration to third party systems
- Lease audit capability
- Abstract rent as lump sum amounts or as rate per square foot per month and annually
- Auto-calculate and generate gross amounts payable based on amounts entered per unit of measure and time
- Define base rent in any currency
- Define expenses to multiple parties
- Map to multiple accounting systems, GL codes and accounts
- Make and receive payments in multiple currencies for the same lease
- Capture check numbers and payment information including check amount, date and associate with system charge
- Rent details
- Upcoming and planned rent increases
- Invoice details
- Rent review dates
- Budget and forecast guidance
- Accrual building option (pre-payments)
- Define sublease relationships and pass through expenses from payable lease to either 3rd party or business unit subtenants
- Accounts receivable lease functionality including invoicing
- Automated percent rent calculation and processing including: auto-generate natural breakpoints, multi-tiered breakpoints, monthly, quarterly and annual breakpoints, lease level calculation detail, exclusions and deductions, CAPs on exclusions and decisions, greater of base rent or percent rent, minimum and maximum (floor and cap) on percent rent payments due
- Create journal entries to be processed to GL
- Create tax charges for states and areas
- Store and manage multiple indexes (i.e. CPI-U, non-urban consumers, LIBOR etc.) on which charge adjustments are based
- Abstract lease information such that automatic calculations can be performed (i.e. tie a rent charge to an index)
- Abstract adjustment calculation rules related to CPI or other indexes, including: caps, floors, lifetime caps, adjustment periods (annual and multi-year), adjustment start date
- Integrated reminder system that automatically schedules and sends emails when adjustments should be performed
- Automatically calculate charge adjustments and update the charge according to established edit rules
Easy
Intuitive software, automated reporting, in-house implementation services and support
Comprehensive
Supports all types of real estate, equipment and other leased assets for ASC 842 and IFRS 16 guidance
Affordable
Cloud-based, low-cost deployment, unlimited system users, no expensive upgrades
Proven
CPA tested, industry-leading solution, track record of FASB and IASB compliance, 99% customer renewal rate
Secure
Enterprise security with annual SSAE 18 SOC 1 and SOC 2 audits, data encryption, backed by a stable public company
Compliant
Effective controls and procedures for financial reporting meet Sarbanes-Oxley requirements
Demo Videos
Watch overview and demonstration videos that highlight our software’s key functionality including the set up for lease management, adding lease amortization schedules, journal entry processing, accounting forecasts and more.
White Papers
Data Consolidation for Lease Accounting Compliance highlights the benefits of centralized lease data, how to approach a consolidation project and more. Find more lease accounting whitepapers in our resources section.
Success Stories and Articles
Read how one Fortune 500 company met its lease accounting needs with CoStar and our lease accounting compliance articles including A Lease Accounting Manager Speaks From Experience.
“With CoStar, you can drive business results and meet the new lease accounting requirements. It’s clearly the best all-around choice.”
Matt Waters, CPA
Former Lease Accounting Manager with the Nation’s Largest Home Improvement Retailer