Cradle vs LeaseAccounting.app
Cradle
cradleaccounting.com
LeaseAccounting.app
leaseaccounting.appSide by side
| Figure | Cradle | LeaseAccounting.app |
|---|---|---|
| Price from | $99/mo | €149/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| Plans published | 3 | 4 |
| Spec score · Lease Accounting Software | 8.1 (#7) | 9.0 (#1) |
| Headquarters | Toronto, Ontario, Canada | Helsinki, Finland |
| Security controls | Cradle states that data is encrypted in transit and at rest, hosted on Amazon Web Services, backed up daily and protected with periodic third-party penetration testing. | The security page states EU hosting in Germany or Finland, TLS 1.3 in transit, AES-256 at rest, mandatory MFA and database-level access controls. |
| Support | Cradle says it provides knowledgeable 24/7 customer support along with guides and videos. | Starter includes email support typically within 1–2 business days; Growth typically within 1 business day; Pro has priority business-hours support. |
Plans
LeaseAccounting.app
- FreeFree
- Starter€149 a month
- Growth€349 a month
- Pro€699 a month
In their own words
Cradle
Cradle is a web-based system for automating lease accounting and compliance reporting. It supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102, and handles lessee, lessor and sublease accounting. The software calculates present values, accounts for modifications, prepares journal entries and generates required reports. Reports can cover one agreement, a company or a consolidated organization, with balance sheet, income statement, cash flow and disclosure options. Users can enter foreign exchange rates for converting leases into the applicable functional currency. Cradle can mirror a customer's general ledger and cost-center setup so accounting data can be exported into that system. Lease data may be entered manually, uploaded with a bulk template, migrated from Excel or moved through a custom engineering solution. Custom fields can be searched, stratified and exported. The Small Plan costs $99 a month for up to 10 agreements; the Regular Plan costs $199 a month for up to 20 leases. Both plans allow unlimited users and include no training. Cradle offers a 30-day trial and says it provides 24/7 support, guides and videos.
LeaseAccounting.app
LeaseAccounting.app is web-based lease accounting software for finance teams handling FRS 102 and IFRS 16. Users upload lease contracts, review extracted terms, confirm discount rates, generate schedules and journal entries, and prepare period close. AI extracts about 25 fields from lease PDFs with confidence scoring, while users approve accounting decisions. A portfolio dashboard covers real estate, vehicles, equipment, IT, machinery and furniture, with critical-date alerts. The product handles modifications, reassessments, indexation and terminations, preserving schedules before and after changes in an audit trail. It supports single-currency tenants; ASC 842 is listed as coming soon. Schedules and journals export to Excel and CSV, while direct ERP templates are also listed as coming soon. Customer data is hosted in Germany or Finland, with GDPR compliance, mandatory MFA, TLS 1.3 in transit and AES-256 encryption at rest. The free plan covers two leases, while Starter costs €149.00 per month and covers 25 active leases. Growth is €349.00 per month and Pro is €699.00 per month. The company was founded in 2016 and is based in Helsinki, Finland.