Why Lease Accountants Trust CoStar Real Estate Manager
Lease accounting can be incredibly complex, particularly with respect to ASC 842 compliance...CoStar is very customizable and packed with a lot of both critical and helpful functions. I appreciate the option to use as many or as little of these features as the business needs.
Verified G2 Reviewer
We migrated to Costar in 2017, and it has been a great experience. The 842 Accounting and the 842 Reporting works very well. We originally were tracking overage accrual in a multi-sheet manually. Now we track our overages and perform the monthly accrual within Costar.
I like how easy it is to use and how quickly we are able to create a journal entry. It helps us keep a great look on our leases, as well as automate our monthly journal entries.
Accounting Workflow and Automation
The best lease accounting software has the most advanced automation to flow lease data from real estate, accounting and ops teams.
Lease Data Change Alerts
Lease accounting processes couldn't be more secure. Continuous rule-based monitoring of data changes instantly notifies managers to review and correct potential issues.
Guaranteed Managed Integrations
CoStar builds and monitors bulletproof connections to ERPs and other business systems to pay rent, post journal entries and produce audit-ready financial reporting.
Lease Accounting Software Tech Specs
Audit & Security
Audit detail & change logs
Group & user profiles
SSAE 18 SOC 1&2 Type 1&2
Lease accounting journal entries
Lease classification tests
Single sign on (SSO)
Bulk lease data
3rd Party integrations
Real estate leases
Multi-schedules per lease
No duplicate lease entries
JE approval & export
Period close out
Vendor, AP, GL integration
Amortization & JE profiles
Lease discount rate
Ad hoc on all data fields
Amortization by lease
Forecast & summary
Roll forward report