LeaseLedger vs Visual Lease
LeaseLedger
leaseledger.com.au
Visual Lease
visuallease.comSide by side
| Figure | LeaseLedger | Visual Lease |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Plans published | 2 | 1 |
| Spec score · Lease Accounting Software | 8.3 (#6) | 6.6 (#37) |
| AI data handling | AI requests send user-selected text or PDF to an external provider, which may process it outside Australia and may retain API input and output for abuse monitoring for up to 30 days. | The AI abstraction page says customer data is not used to train an AI model or stored or exposed to the public cloud. |
| Integrations | The published pages describe financial-system reconciliation and Excel exports but do not name a third-party accounting connector. | Visual Lease names Microsoft, SAP, Oracle, NetSuite, Infor and ADP among its ERP integrations and supports bidirectional API data transfers. |
| Lease accounting | The lease register supports new leases, migrations, modifications, and reassessments, with schedule impacts tied to lease events. | It generates disclosures, journal entries, reports and footnotes to meet lease accounting standards. |
| Purpose | LeaseLedger provides lease accounting schedules, journals, reports, and disclosures under AASB 16, IFRS 16, and ASC 842. | Visual Lease is an enterprise solution for lease management and accounting that unifies lease portfolio data for business decisions. |
| Reporting | Reporting includes financial-system reconciliation, cash-maturity analysis and portfolio roll-ups. | The pricing page says users can configure ad hoc reports or choose from a library of over 100 standard reports. |
| Support | Support is available through an in-app form or email, while Professional lists support from a qualified accountant. | Visual Lease offers unlimited help desk support via web or phone, training webinars and videos, and a dedicated account manager. |
Plans
In their own words
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.
Visual Lease
Visual Lease has no write-up on Specifiction yet; its figures are above.