16Leases vs Ledgerage

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.

Ledgerage calculates lease present value, right-of-use assets, lease liabilities, amortization schedules, journal entries and disclosures. Its computations cover ASC 842, IFRS 16 and GASB 87. The web calculator is available without an account and is described as free forever, not as a trial. The Free plan includes unlimited single-lease calculations, two saved leases, 25 API computations per month, 10 API requests per minute and MCP access. Its REST API accepts JSON requests and can return calculations, schedules, journal entries or classifications with citations to the applicable standard. The MCP server offers four tools and names Claude Desktop and Claude Code as compatible clients. Pro costs $39 a month, billed month-to-month with no contract. It includes an unlimited lease portfolio, up to 1,000 saved leases, 5,000 API computations per month, 120 API requests per minute, Excel, CSV and PDF exports, lease modifications and remeasurements, and a hosted MCP server. Ledgerage describes its engine as deterministic, with standard citations and schedules that reconcile to zero at term end. It says results depend on user-provided inputs and judgments and are not accounting or legal advice.