NetLease
NetLease is a specialized lease accounting software built natively on NetSuite to help you automate compliance with ASC 842, IFRS 16, and GASB 87 standards effortlessly.
Visual Lease
Visual Lease is a centralized lease accounting and management software designed to help you maintain compliance with ASC 842, IFRS 16, and GASB 87 standards while optimizing your real estate portfolio.
Quick Comparison
| Feature | NetLease | Visual Lease |
|---|---|---|
| Website | netgain.tech | visuallease.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2017 | 1996 |
| Headquarters | Boulder, USA | Woodbridge, USA |
Overview
NetLease
NetLease is a dedicated lease accounting solution designed to simplify the complex transition to modern accounting standards like ASC 842 and IFRS 16. Because it is built natively on the NetSuite platform, you can manage your entire lease portfolio without ever leaving your primary ERP environment. This eliminates the need for manual data entry or external spreadsheets, ensuring your financial data remains synchronized and accurate across your organization.
You can automate the entire lease lifecycle from initial setup and right-of-use asset calculations to monthly journal entries and disclosure reporting. The software handles complex scenarios like lease modifications, terminations, and impairments automatically. By centralizing your lease data, you gain real-time visibility into your obligations and can generate audit-ready reports with a single click, saving your finance team hundreds of hours during year-end audits.
Visual Lease
Visual Lease provides a centralized platform to manage your entire lease portfolio while ensuring you stay compliant with complex accounting standards like ASC 842 and IFRS 16. You can track critical dates, automate financial reporting, and integrate your lease data directly with your existing ERP systems. By consolidating all lease information into a single source of truth, you eliminate manual data entry errors and gain better visibility into your financial obligations.
The platform is built for finance, real estate, and legal teams who need to collaborate on high-stakes lease data. You can manage everything from equipment leases to complex real estate agreements with built-in audit trails and automated workflows. Whether you are preparing for an audit or looking to reduce occupancy costs, the software gives you the tools to make data-driven decisions across your organization.
Overview
NetLease Features
- Native NetSuite Integration Manage all your leases directly inside NetSuite to ensure a single source of truth for your financial data.
- Automated Journal Entries Generate monthly depreciation and interest expense entries automatically to keep your general ledger up to date without manual effort.
- Disclosure Reporting Produce audit-ready disclosure reports for ASC 842 and IFRS 16 instantly to satisfy your internal and external auditors.
- Lease Modification Tools Handle complex changes like renewals, terminations, or partial impairments with built-in wizards that recalculate schedules for you.
- Automated Payment Processing Link your lease schedules directly to accounts payable to automate vendor payments and ensure you never miss a deadline.
- Document Management Store original lease contracts and supporting documentation directly on the lease record for easy retrieval during audits.
Visual Lease Features
- Automated Accounting. Generate journal entries and disclosure reports automatically to meet ASC 842, IFRS 16, and GASB 87 requirements.
- Critical Date Alerts. Receive automated notifications for upcoming renewals, expirations, and rent bumps so you never miss a deadline.
- Centralized Repository. Store all your lease documents and data in one secure location for instant access across your entire team.
- ERP Integrations. Sync your lease financial data directly with your existing accounting systems like Oracle, SAP, and NetSuite.
- Audit Trail Tracking. Maintain a complete history of every change made to your lease data to simplify your annual audit process.
- Ad-Hoc Reporting. Create custom reports on the fly to analyze portfolio performance and identify cost-saving opportunities across your assets.
Pricing Comparison
NetLease Pricing
Visual Lease Pricing
Pros & Cons
NetLease
Pros
- Eliminates manual data entry between systems
- Simplifies complex ASC 842 compliance tasks
- Provides real-time visibility into lease liabilities
- Reduces audit preparation time significantly
Cons
- Requires an existing NetSuite subscription
- Initial setup requires detailed lease data
- Custom pricing requires contacting sales
Visual Lease
Pros
- Robust reporting capabilities for complex compliance needs
- Excellent customer support and implementation guidance
- Highly configurable interface to match specific workflows
- Reliable automated alerts for lease milestones
- Strong integration options with major ERP systems
Cons
- Initial setup and data migration takes time
- Learning curve for users new to lease accounting
- Interface can feel dense due to many features