LeaseLedger vs Ledgerage

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.

Ledgerage calculates lease present value, right-of-use assets, lease liabilities, amortization schedules, journal entries and disclosures. Its computations cover ASC 842, IFRS 16 and GASB 87. The web calculator is available without an account and is described as free forever, not as a trial. The Free plan includes unlimited single-lease calculations, two saved leases, 25 API computations per month, 10 API requests per minute and MCP access. Its REST API accepts JSON requests and can return calculations, schedules, journal entries or classifications with citations to the applicable standard. The MCP server offers four tools and names Claude Desktop and Claude Code as compatible clients. Pro costs $39 a month, billed month-to-month with no contract. It includes an unlimited lease portfolio, up to 1,000 saved leases, 5,000 API computations per month, 120 API requests per minute, Excel, CSV and PDF exports, lease modifications and remeasurements, and a hosted MCP server. Ledgerage describes its engine as deterministic, with standard citations and schedules that reconcile to zero at term end. It says results depend on user-provided inputs and judgments and are not accounting or legal advice.