16Leases

16Leases is lease-accounting software for calculating IFRS 16 liabilities and right-of-use asset costs. It is best suited to accounting professionals and firms handling leases for more than one company. Its accounting adjustments and journal entries are useful, but the trial cannot attach lease documents and paid-plan prices require a request.

Overview

Enter lease information and any adjustments, and 16Leases calculates lease results and produces payment schedules. Journal-entry support and separation of leases across multiple companies make it a focused accounting tool rather than a general contract-management system.

Leases can be exported to Excel or shared by email with another 16Leases account holder. These cover spreadsheet handoffs and account-based sharing; the maker's pages describe no third-party software integrations.

Key features

Calculations and adjustments

16Leases calculates IFRS 16 lease liabilities and right-of-use asset costs. Its supported adjustments include residual value guarantees, termination penalties, purchase options, lease incentives, initial direct costs, and dismantling or restoration costs. That breadth helps when lease accounting must reflect more than recurring payments.

Schedules and company management

The software provides payment schedules, with manual customization reserved for Premium and Enterprise. Free users can see schedules but cannot adapt them to their needs in the same way. Multi-company management is useful for accounting firms and finance teams with separate company portfolios.

Security and support

The maker says sign-in uses an emailed token as a second factor, with token delivery using SHA-1 encryption, and that user data is backed up on Microsoft Azure. Technical support is available by phone, email, and remote access from 11 am to 6 pm IST, Monday through Friday.

Pricing

The Free plan is free and is a one-user trial account. The 30-day free trial gives prospective users time to assess the workflow, but lease-document attachments are unavailable during the trial.

Premium has custom pricing and supports one user, lease editing, and customized payment schedules. It suits an individual who needs to edit leases and adjust schedules, but its single seat is a constraint for shared work. Enterprise also has custom pricing, with unlimited users plus lease editing and customized schedules; it is the more suitable tier for teams that need multiple seats. Request prices to compare the paid tiers before choosing.

Platforms

16Leases supports iOS, Linux, macOS, web, and Windows, as well as self-hosted deployment. The range accommodates desktop and mobile access alongside organizations that prefer self-hosting.

Who it's for

Chartered and certified public accountants, finance managers, accountants, businesses, and accounting firms serving clients are the intended users. The combination of IFRS 16 calculations, journal entries, adjustment handling, and multi-company organization makes it a fit for lease-accounting work. Teams seeking a published paid-plan price or trial document attachments should look elsewhere.

Pros and cons

Pros: A broad set of accounting adjustments and journal-entry support suit detailed IFRS 16 work.

Pros: Multi-company separation and an Enterprise tier with unlimited users accommodate accounting firms and larger teams.

Cons: Document attachments are unavailable during the 30-day trial, limiting evaluation of document-centered workflows.

Cons: Premium and Enterprise use custom pricing, so buyers must request a quote to compare costs.

Cons: Premium is limited to one user, and only Premium and Enterprise can customize schedules manually.

Alternatives

Compare lease accounting software if you want to weigh more options in the category.

iLeasePro is a better fit for buyers who want web-based plans priced by monthly contract capacity: Essential costs $240 a month for up to 50 contracts, while Professional costs $480 a month for up to 150.

LeaseAccounting.app is worth considering for a web-based free plan with explicit caps: 2 leases, 3 users, and 3 entities, with watermarked exports. Its Starter plan costs €149 a month, or €1,788 annually.

Planon is another paid option with a free trial and Android, iOS, and web support.

SAP Business One is a paid alternative priced by quote based on business requirements.

Infor Public Sector is a paid option for buyers prepared to contact Infor for pricing details.

LeaseLedger may suit buyers who want a web-based free tier capped at 3 leases, 1 client workspace, the workspace owner plus 1 teammate, and 5 AI-assisted drafts.

Acumatica Accounts Payable uses custom pricing based on applications, expected usage, resource requirements, and deployment preferences.

Cradle is a paid alternative with a $99 a month Small Plan for up to 10 agreements, unlimited users, and IFRS 16, ASC 842, and FRS 102 support.

Verdict

Choose 16Leases if you need IFRS 16 calculations, a wide range of adjustments, journal entries, and multi-company lease management. Its main appeal is the accounting-specific workflow; look elsewhere if trial document attachments or clear plan prices are essential before committing.