16Leases vs FMIS Lease Accounting
16Leases
16leases.comFMIS Lease Accounting
fmis.co.ukSide by side
| Figure | 16Leases | FMIS Lease Accounting |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | — |
| Self-hosted | Yes | Yes |
| Plans published | 3 | 1 |
| Spec score · Lease Accounting Software | 8.3 (#3) | 7.2 (#25) |
| Headquarters | Singapore | Whitstable, Kent, United Kingdom |
| Integrations | The opened maker pages describe Excel export but do not name third-party software integrations. | FMIS says the software can integrate with its wider product range and customers’ accounting and ERP software; its partners page lists AccountMate and Deltek partnerships. |
| Intended users | The maker describes the product for chartered accountants, certified public accountants, finance managers, accountants, businesses, and accounting firms serving clients. | The product is designed for accounting professionals and finance teams responsible for lessee accounting, including organisations using IFRS reporting. |
| Purpose | 16Leases calculates IFRS 16 lease liabilities and right-of-use asset costs from lease information. | The software helps lessee finance teams manage lease accounting for real estate, equipment and retail leases and support IFRS 16 and ASC 842 compliance. |
| Security | The maker says sign-in uses an emailed token as a second factor and that token delivery uses SHA-1 encryption. | FMIS describes role-based permissions, multi-factor authentication, encryption in transit and at rest, ongoing scanning and annual independent penetration testing. |
Plans
In their own words
16Leases
16Leases calculates IFRS 16 lease liabilities and right-of-use asset costs from lease information. After users enter lease details and adjustments, the software automatically computes results and provides payment schedules. Supported adjustments include lease incentives, purchase options, termination penalties, residual value guarantees, initial direct costs, and dismantling or restoration costs. Premium and Enterprise users can manually customize schedules. Users can export leases to Excel, share a lease by email with another 16Leases account, and manage leases across multiple companies. The software supports journal entries and runs on iOS, Linux, macOS, self-hosted environments, the web, and Windows. Its maker describes it for chartered and certified accountants, finance managers, accountants, businesses, and accounting firms serving clients. The Free plan is free for one user, and the 30-day trial does not allow lease document attachments. Premium is for one user; Enterprise supports unlimited users. Prices for both are available on request. The maker says sign-in uses an emailed token as a second factor and that user data is backed up on Microsoft Azure.
FMIS Lease Accounting
FMIS Lease Accounting has no write-up on Specifiction yet; its figures are above.