FMIS Lease Accounting vs LeaseLedger
FMIS Lease Accounting
fmis.co.ukLeaseLedger
leaseledger.com.auSide by side
| Figure | FMIS Lease Accounting | LeaseLedger |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 2 |
| Spec score · Lease Accounting Software | 7.2 (#25) | 8.3 (#6) |
| Integrations | FMIS says the software can integrate with its wider product range and customers’ accounting and ERP software; its partners page lists AccountMate and Deltek partnerships. | The published pages describe financial-system reconciliation and Excel exports but do not name a third-party accounting connector. |
| Intended users | The product is designed for accounting professionals and finance teams responsible for lessee accounting, including organisations using IFRS reporting. | The product describes itself as lease accounting software built for accountants and finance teams. |
| Purpose | The software helps lessee finance teams manage lease accounting for real estate, equipment and retail leases and support IFRS 16 and ASC 842 compliance. | LeaseLedger provides lease accounting schedules, journals, reports, and disclosures under AASB 16, IFRS 16, and ASC 842. |
Plans
In their own words
FMIS Lease Accounting
FMIS Lease Accounting has no write-up on Specifiction yet; its figures are above.
LeaseLedger
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.