LeaseAccounting.app vs Visual Lease
LeaseAccounting.app
leaseaccounting.app
Visual Lease
visuallease.comSide by side
| Figure | LeaseAccounting.app | Visual Lease |
|---|---|---|
| Price from | €149/mo | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | — | Yes |
| Plans published | 4 | 1 |
| Spec score · Lease Accounting Software | 9.0 (#1) | 6.6 (#37) |
| AI data handling | The company says it does not use customer documents or data to train AI models, and document content processed by its AI provider is deleted within 24 hours of session completion. | The AI abstraction page says customer data is not used to train an AI model or stored or exposed to the public cloud. |
| Founded | 2016 | Visual Lease says it was founded in 1995. |
| Headquarters | Helsinki, Finland | The maker lists its headquarters at 111 S. Wood Avenue, Suite 500, Iselin, New Jersey 08830. |
| Integrations | The site lists forthcoming direct templates for SAP S/4HANA, Oracle Cloud, Dynamics 365, NetSuite and QuickBooks. | Visual Lease names Microsoft, SAP, Oracle, NetSuite, Infor and ADP among its ERP integrations and supports bidirectional API data transfers. |
| Purpose | LeaseAccounting.app provides lease accounting software for FRS 102 and IFRS 16. | Visual Lease is an enterprise solution for lease management and accounting that unifies lease portfolio data for business decisions. |
| Security | Customer data is hosted in Germany or Finland, with GDPR compliance, mandatory MFA, TLS 1.3 in transit and AES-256 encryption at rest. | 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 | Starter includes email support typically within 1–2 business days; Growth typically within 1 business day; Pro has priority business-hours support. | Visual Lease offers unlimited help desk support via web or phone, training webinars and videos, and a dedicated account manager. |
Plans
LeaseAccounting.app
- FreeFree
- Starter€149 a month
- Growth€349 a month
- Pro€699 a month
In their own words
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.
Visual Lease
Visual Lease has no write-up on Specifiction yet; its figures are above.