Best 7 Lease Accounting that work with NetSuite
Best 7 Lease Accounting apps that work with NetSuite
As lease accounting standards like ASC 842, IFRS 16, and GASB 87 continue to evolve, organizations are under increasing pressure to manage leases with accuracy, transparency, and speed. For companies using NetSuite, integrating the right Lease Accounting apps that work with NetSuite can significantly streamline compliance, automate complex calculations, and improve financial reporting across the board.
Whether you’re a growing business or a global enterprise, the right solution should fit seamlessly into your NetSuite environment—eliminating manual data entry, ensuring data consistency, and delivering audit-ready results.
In this blog, we’ve curated the 7 best Lease Accounting apps that work with NetSuite, covering their key capabilities, ideal use cases, and standout features to help you choose the right tool for your organization.
1. NetLease by Netgain
NetLease is one of the most reliable Lease Accounting apps that work with NetSuite, offering a fully native solution that ensures seamless compliance with ASC 842, IFRS 16, GASB 87, and GASB 96. Since it’s embedded directly in NetSuite, companies avoid the complexity of third-party integrations while gaining robust automation for journal entries, right-of-use asset tracking, and audit-ready disclosures. NetLease is designed to scale, making it an excellent fit for organizations managing both simple and complex lease portfolios.
Key Features:
Embedded in NetSuite with direct general ledger posting and ERP integration
Automatic amortization schedules and right-of-use asset management
Audit-ready financial disclosures with one-click journal entries
Continuous compliance updates for ASC 842, IFRS 16, GASB 87 & 96
2. Visual Lease
Visual Lease stands out among Lease Accounting apps that work with NetSuite, especially for enterprises managing large and complex lease portfolios across multiple regions. The platform centralizes lease data, ensures compliance with ASC 842 and IFRS, and provides enterprise-ready controls like audit trails and configurable reporting. With seamless ERP integration, Visual Lease empowers organizations to streamline workflows and make informed decisions at scale.
Key Features:
Bi-directional ERP integration for consistent sub-ledger data
Configurable reporting with ad-hoc and one-click roll-forward reports
Full audit trails for lease modifications, approvals, and documentation
Support for complex lease structures including subleases and sale-leasebacks
3.Trullion
Trullion is one of the most innovative Lease Accounting apps that work with NetSuite, built with AI-powered automation to simplify lease management and compliance. Finance teams can leverage its OCR technology to extract data directly from PDF and Excel contracts, automate calculations, and generate audit-ready disclosures. With a strong source-based audit trail and built-in IBR engine, Trullion helps companies achieve accuracy, transparency, and efficiency in lease accounting.
Key Features:
AI-driven OCR extracts key data from lease contracts
Integrated IBR engine calculates borrowing rates across asset classes
Source-based audit trail links every figure back to original documents
Exportable audit-ready disclosure reports and journal entries
4. EZLeas
EZLease is a straightforward and efficient choice among Lease Accounting apps that work with NetSuite, designed for teams seeking quick compliance with ASC 842, IFRS 16, and GASB 87. With support for both lessees and lessors across real estate and equipment portfolios, it streamlines lease data management from entry to reporting. EZLease is particularly well-suited for organizations that want minimal setup, easy deployment, and reliable compliance features out of the box.
Key Features:
Automated compliance with ASC 842, IFRS 16, and GASB 87
Multi-currency support with IFRS 16/IAS 17 toggling for global operations
Functionality for both lessee and lessor lease portfolios
Optional offline desktop installation for enhanced security protocols
5. BlackLine + CoStar
BlackLine, combined with CoStar, offers a powerful solution among Lease Accounting apps that work with NetSuite for enterprise finance teams focused on automating reconciliations and month-end close processes. By layering CoStar’s lease accounting subledger capabilities onto BlackLine’s reconciliation platform, organizations can centralize data, streamline compliance, and ensure consistent financial reporting across systems. This integration helps companies eliminate manual data entry, speed up financial closes, and maintain accurate GL and subledger alignment.
Key Features:
Automated reconciliation of lease subledger data during month-end close
API-based data transfer from CoStar into BlackLine for centralized processing
Output reports pre-formatted for seamless mapping to BlackLine templates
Integration with journals and matching tools for end-to-end automation
6. FloQast
FloQast is a valuable addition to the ecosystem of Lease Accounting apps that work with NetSuite, especially for accounting teams looking to automate close management and variance analysis. While primarily a close management platform, FloQast enhances lease accounting processes by syncing seamlessly with NetSuite, automating reconciliations, journal entry workflows, and flux analyses. Its AI-driven tools bring speed, accuracy, and control to the financial close, making it ideal for teams managing large volumes of lease-related data.
Key Features:
Automated journal creation, validation, and approvals through integrated close checklists
AutoRec engine matches large transaction volumes and syncs with NetSuite
AI-powered checklists and flux variance explanations tailored to the business
Centralized reconciliations with audit trails and secure documentation storage
7. Sage Intacct
Sage Intacct is a flexible, cloud-based financial management platform that stands out among Lease Accounting apps that work with NetSuite for growing companies seeking scalable solutions. With built-in lease accounting tools, it supports IFRS 16 and FRS 102 compliance while seamlessly integrating lease data into broader financial workflows. Its powerful reporting dashboards, AI-driven calculations, and secure access controls make it a strong choice for organizations looking to manage lease obligations alongside their core accounting functions.
Key Features:
Automatic application of IFRS 16 and FRS 102 standards for lease compliance
Customizable dashboards with real-time visibility into liabilities and cash flow
AI-powered depreciation, interest, and liability calculations
Role-based access and audit-ready logs for secure lease data management
Final Thoughts
Choosing the right Lease Accounting apps that work with NetSuite depends on your organization’s size, lease complexity, and financial goals. Whether you need a fully native NetSuite solution, advanced AI-powered automation, or a platform that scales with global operations, each of the tools highlighted above offers unique strengths to support compliance and streamline financial workflows. By integrating the right lease accounting solution, your team can reduce manual work, improve accuracy, and gain real-time visibility—ultimately strengthening your entire financial management process.
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