CoStar Real Estate Manager vs LeaseLedger

CoStar Real Estate Manager is a web platform for large-scale and global accounting and real estate teams managing complex portfolios. It provides shared visibility across the lease lifecycle, with accounting workflows that automate classification, measurement, and reporting for ASC 842, IFRS 16, and FRS 102. Teams can handle remeasurements, journal entries, disclosures, roll-forward reports, renewals, critical-date notifications, rent payments, and amendment tracking. Transaction tools support workflow templates, configurable approvals, milestone tracking, deal comparisons, and project kick-offs tied to lease dates. Market and submarket information covers more than 6 million properties for portfolio decisions and research. Managed integrations are listed for SAP, Oracle, Workday, and NetSuite. Access controls include role-based permissions, single sign-on, security profiles, audit trails, and change logs. Pricing is on request and depends on active leases, transactions, or owned or leased locations, depending on the module.

LeaseLedger provides lease accounting schedules, journals, reports, and disclosures under AASB 16, IFRS 16, and ASC 842. Its register handles new leases, migrations, modifications, and reassessments, with schedule effects tied to lease events. The platform supports scheduled payment reconciliation and records off-schedule settlements. Reports include financial-system reconciliations, cash maturity analysis, portfolio roll-ups, and disclosure workpaper previews. Migration workbooks provide pre-import validation, row-level error handling, and selectable opening balance bases. Optional AI can draft lease details from text or PDFs, but a person must review suggestions before saving or relying on them. The free plan costs nothing and allows up to 3 leases in one client workspace, with the owner and one teammate, plus 5 AI-assisted drafts. Users can export lease records, schedules, journals, and workbooks and retain ownership of their data, documents, and outputs. Core records and supporting documents are hosted in AWS Sydney; data is encrypted in transit and at rest. AI requests may be processed outside Australia, and the external provider may retain input and output for abuse monitoring for up to 30 days.