16Leases vs Visual Lease
16Leases
16leases.com
Visual Lease
visuallease.comSide by side
| Figure | 16Leases | Visual Lease |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | — |
| API | — | Yes |
| Self-hosted | Yes | — |
| Plans published | 3 | 1 |
| Spec score · Lease Accounting Software | 8.3 (#3) | 6.6 (#37) |
| Headquarters | Singapore | The maker lists its headquarters at 111 S. Wood Avenue, Suite 500, Iselin, New Jersey 08830. |
| Integrations | The opened maker pages describe Excel export but do not name third-party software integrations. | Visual Lease names Microsoft, SAP, Oracle, NetSuite, Infor and ADP among its ERP integrations and supports bidirectional API data transfers. |
| Purpose | 16Leases calculates IFRS 16 lease liabilities and right-of-use asset costs from lease information. | Visual Lease is an enterprise solution for lease management and accounting that unifies lease portfolio data for business decisions. |
| Security | The maker says sign-in uses an emailed token as a second factor and that token delivery uses SHA-1 encryption. | Visual Lease says its SOC 1 Type 2 audit covers data security, acceptable data use, physical office security, backup and recovery, continuity planning, and lease calculations. |
| Support | Technical support is available by phone, email, and remote access from 11 am to 6 pm IST, Monday through Friday. | Visual Lease offers unlimited help desk support via web or phone, training webinars and videos, and a dedicated account manager. |
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.
Visual Lease
Visual Lease has no write-up on Specifiction yet; its figures are above.