16Leases vs iLeasePro
16Leases
16leases.comiLeasePro
ileasepro.comSide by side
| Figure | 16Leases | iLeasePro |
|---|---|---|
| Price from | Free | $149/mo |
| Free plan | Yes | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | — |
| API | — | Yes |
| Self-hosted | Yes | — |
| Plans published | 3 | 14 |
| Spec score · Lease Accounting Software | 8.3 (#3) | 8.9 (#2) |
| Automated calculations | The software automatically computes lease results after lease information and any adjustments are entered. | The accounting engine calculates rent escalations, concessions, variable payments, and complex lease terms automatically. |
| Headquarters | Singapore | Beverly, Massachusetts, United States |
| Intended users | The maker describes the product for chartered accountants, certified public accountants, finance managers, accountants, businesses, and accounting firms serving clients. | The homepage describes iLeasePro as built for private US companies managing 25 to 500 leases. |
| Security | The maker says sign-in uses an emailed token as a second factor and that token delivery uses SHA-1 encryption. | The homepage states that iLeasePro is SOC 1 Type 2 certified and undergoes biannual security audits. |
| Support | Technical support is available by phone, email, and remote access from 11 am to 6 pm IST, Monday through Friday. | Phone support is listed Monday through Friday, 9:00 AM–6:00 PM EST, and the contact page says email responses typically arrive within 24 business hours. |
Plans
iLeasePro
- Essential$240 a month
- Professional$480 a month
- Enterprise$960 a month
- Contract Management StarterFree
- iLeasePro FreeFree
- StarterFree
- iLeaseXpress$149 a month
- Contract Management Essential$240 a month
- Contract Management Professional$480 a month
- Contract Management Enterprise$960 a month
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.
iLeasePro
iLeasePro is a cloud-based lease accounting and portfolio-management platform with ASC 842 compliance reporting. Accounting tools include a FASB Classification Wizard, automated journal entries, amortization schedules, and financial disclosure reports. Lease administration includes a centralized portfolio, document library, contact management, and critical-date notifications. For analysis, the platform offers cash-flow reporting, what-if comparisons, and more than 50 standard reports. It supports Sage Intacct synchronization for general ledger, dimensions, and payables, plus Excel export; the homepage also names QuickBooks and other ERP or general-ledger systems. The free Starter plan supports up to five contracts. iLeaseXpress costs $149 a month for up to 15 leases, while Essential is $240 a month for up to 50 contracts. A 15-day trial requires no credit card and provides access to the selected plan’s features. The company describes the product as intended for private US companies managing 25 to 500 leases.