A simpler Lease Accounting software solution.
| ASC 842 | IFRS 16 | GASB 87 | ASC 840 |
Had enough of consulting fee driven providers telling you how difficult lease accounting implementations need to be? Lease Harbor has a better way.
Our elegantly engineered end-to-end lease accounting software solution not only provides unparalleled automation, it is backed by our best in class implementation and support team. Join the hundreds of organizations that trust Lease Harbor and benefit from their decision every day.
- Rebecca WhiteDirector of Leasing/Lease Administration
“Lease Harbor allowed us to avoid the additional costs and headache of having two disjointed systems and we could not have asked for a better partnership during the implementation.”
- Ida Tea
“The ASC 842 is a complex lease accounting guidance, but the top notch service we received from the Lease Harbor team made the implementation process so smooth, easy and successful.”
- Paul LewenbergSenior Manager, Technical Accounting
“Lease Harbor features have allowed us to better monitor our portfolio and address accounting risks while maintaining complete and accurate records.”
- Kerry B SmalleyController
"Lease Harbor staff has held many training sessions to help us with implementation. They prioritized helping me get through this to where I feel like I'm the only customer they are supporting. Their expertise in the process, how their system works, and ASC 842 has been incredible."
- Sarah KafkaDirector of Leasing/Lease Administration
“We were extremely pleased not only with the Lease Harbor tool’s functionality but the expertise of the team we worked with throughout implementation. They were so knowledgeable of the lease accounting guidance that they were able to help us navigate the details and make recommendations for many of our unique scenarios.”
- Hilda FouladiDirector of Leasing/Lease Administration
“Lease Harbor is a user friendly and cost-effective solution for implementing the new Lease Accounting Standard issued by FASB for 2019 reporting. Lease Harbor was able to efficiently customize our portfolio to meet the needs of our complex company structure.”
- Joseph ZerboCPA | Accounting Manager
“Professional Physical Therapy has been utilizing Lease Harbor’s software for all our lease accounting needs since January 2019. The implementation process was smooth and Lease Harbor’s staff is friendly and attentive. Lease Harbor’s lease management solution is a comprehensive, easy to use software that includes a multitude of standard and custom reports that fit our company’s needs and growth.”
- Anthony TadeoSenior Project Manager, Finance and Accounting
"With the adoption of ASC 842, we were looking for a company that could address our accounting needs while also being very knowledgeable on the subject matter. We absolutely found both with Lease Harbor. The stellar Lease Harbor team made our transition seamless and explained, in detail, all of the new changes. Because of their dedication, our first ASC 842 standards audit was smooth."
Here’s why Lease Harbor is the best Lease Accounting software solution on the planet.
Fully integrated, and comprehensive
Our solution does it all because it was built from the ground up to include robust data management and lease accounting functionality. Our accounting solution is easy to implement, and not only works on day one, but over the long haul.Rapid, reliable implementation
Know exactly when your lease accounting system will launch. Our implementations take weeks - not months or years - to complete. We have extensive experience converting data and helping clients through the transition to our system - designed for ease of configuration to meet your specific needs.Easy to use
Our clear and concise interface steps you through creating your journal entries. Automated controls allow you to review and update accounting assumptions quickly when changes occur. Disclosure and Rollforward reporting is one click away!Must-have features. Done better than anywhere else.
Formal accounting subledger
- No manual journal entries or “workarounds” needed
- Total subledger integrity
- Historical accounting integrity, forever
Integrated model for seamless management
- Keeps cash and accrual basis ledgers in sync
- Accounting notification is easy and focused on what matters
- Built-in journal entry controls for completeness and accuracy
- Task management - completely configurable but not required
Robust reporting capabilities
- One click disclosure and rollforward reporting
- Extensive list of balance sheet, income statement, projections, unlimited ad hoc reports, and effective date capability
- Hierarchical controls around report security and SOX compliance
- Complete footnote disclosures with effective dating
- Reconciliation reporting with general ledger
- Global audit reporting as standards or ad hoc reporting
Journal entry workflow and approval
- Batch process rather than simplistic and static reports
- Custom journal entry batch filters to support centralized or decentralized accounting environments
- Custom journal entry format files for seamless ERP import and automated reconciliation
Here’s what you won’t find in our Lease Accounting system
Manual workarounds for missing or incomplete system functionality
Blackout periods where lease administration must stop for accounting
Weak or non existent data management and lease admin functionality that result in static, inaccurate and out of date cash schedules
Two-system or data pump models requiring excessive double entry, inferior data integrity and complicated processes
Implementations that require six months or more of consulting time that will likely continue to require consultants to support post implementation