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EZLease Logo

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Fast, simple lease accounting and compliance

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EZLease Pricing, Features, Reviews and Alternatives

EZLease FAQs

Q. What type of pricing plans does EZLease offer?

EZLease has the following pricing plans:
Starting from: $4000.00/year
Pricing model: Free, Subscription
Free Trial: Available | (No Credit Card required)

These products have better value for money


Q. Who are the typical users of EZLease?

EZLease has the following typical customers:
Freelancers, Large Enterprises, Mid Size Business, Small Business


Q. What languages does EZLease support?

EZLease supports the following languages:
English


Q. Does EZLease offer an API?

No, EZLease does not have an API available.


Q. What level of support does EZLease offer?

EZLease offers the following support options:
Knowledge Base, Email/Help Desk

EZLease product overview

Price starts from

4000

Per year

Other

What is EZLease?

EZLease provides fast, simple, lease accounting software for ASC 842, GASB 87, GASB 96 and IFRS 16 that ensures long-term compliance across equipment and real estate assets.

Key benefits of using EZLease

Lease accounting engine & subledger:
· Designed to account for every type of lease transaction
· Store all documents in one repository
· Balance sheet and income statement (P&L) activity by period with ending balances presented by lease and consolidated

Classification, policy elections, & judgments:
· Automatic classification and capitalized value / rate computations for every lease, including detailed results of all capital / operating tests
· Automatic application of practical expedient elections
· Native handling of lease and non-lease components

Disclosures & reporting:
· Complete footnote disclosures of future rent commitments
· Consolidation reporting can be subtotaled and consolidated based on user-defined criteria
· A lease that started prior to the current reporting period can be added to the database with a current booking date so that prior reports are unaffected
· Lock your journal entries to ensure consistency with your general ledger

Data upload:
· Bulk import a spreadsheet for quick implementation
· Customize data fields for import

Database management:
· Any and all fiscal calendars can be maintained in the database
· Contingent rents (variable lease payments) tracked separately from minimum lease payments. Seven different types of contingent rent can be recorded individually
· Automatic reminders of rent changes, lease expirations, and user-defined events
· Month-to-month lease extensions keep lease active after expiration
· Correction terminations permitted to reverse activity previously booked without affecting closed reporting periods
· A true lease accounting subledger can run all historic and future accounting from a single database

Training:
· Online user-guides and video tutorials to help guide you through transition

System requirements:
· EZLease is a cloud-based application and can be accessed from all major, current browsers

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Knowledge Base
Email/Help Desk

Training options

Webinars
Documentation
Videos
Live Online

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Why am I seeing this?

EZLease pricing information

Value for money

4.8

/5

14

Starting from

4000

Per year

Other

Pricing options

Free plan
Subscription
Free trial
Pricing range

Value for money contenders

EZLease features

Functionality

4.5

/5

14

Total features

18

1 categories

Most valued features by users

Reporting/Analytics
Data Import/Export
Alerts/Notifications
Compliance Management
Audit Trail
Document Management
Reminders
Amortization Schedule

Functionality contenders

EZLease users reviews

Overall Rating

4.6

/5

14

Positive reviews

93

%

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9.5/10
Rating distribution

5

4

3

2

1

9

4

1

0

0

Pros
There is a learning curve involved but as I am very good in excel it make are close very good. I would recommend it to small non public companies.
EZlease has been a good fit for the size of our business, and we appreciate the responsiveness and helpfulness of their customer service.
What a great tool that is cost effective and will make the process of compliance easy.
Cons
Also, we had some complicated terminations and I don't think EZ lease calculated the transaction properly. Also, the leases converted from 840 to 842 has some calculation problems.
It is hard to see how the cash flow is calculated.
There are a couple of issues when extending/revising a lease, but the developers know about the issue and are working hard to fix the issue.

Overall rating contenders

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Gene L.

Broadcast Media, 1,001-5,000 employees

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

EzLease New Standard

Reviewed 6 years ago

We have been an EzLease user for at least 10 years. I am the VP, Treasurer, Contoller and principal accounting officer of the company.

Pros

A significant advantage of using EzLease is the ability to work with one of the representative directly, who has a great understanding of the new lease standard. He has helped us through the implementation process so that we understand what is needed to be compliant. We have between 500 to 1000 leases and we are a large public company. The ability to produce and verify the numbers is paramount to our testing for SOX compliance and with the new auditing reports, we are easily able to reproduce all of the numbers in the report. The software works well for us under the current standard and we just completed our review of the software under the new standard and believe we have everything we need for reporting purposes. In addition, the software is highly cost effective for us.

Cons

A would be nice to have feature, but not a requirement, would be the ability to attach a document (Word, PDF or Excel) to an individual lease record.

Vendor response

Thanks, Gene, for your review and support. Actually, EZLease does have the ability to attach documents to the lease record. An earlier version could only attach picture files, and perhaps you weren't aware of the upgrade in capabilities.

JK
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Jennifer K.

Food & Beverages, 1,001-5,000 employees

Used monthly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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EZLease Review

Reviewed a year ago

Our overall experience with EZLease has been okay, they were bought out a few years ago and since then the customer service has been non-existent.

Pros

What I like most about EZLease is the import/export functionality. It makes it very easy to make lease changes in mass - especially when implementing 842.

Cons

What I like least about EZlease is that it is not the easiest product to use and also the reports need to be checked before sent out.

Vendor response

Hi Jennifer, Thanks so much for your feedback. We're glad to hear the import/export functionality is working well for you and helping you with ASC 842 compliance. I'm sorry the reports aren't what you expected - if you have specific questions about them, please check out the Success Center in the tool. There may be some information that could help. I will also pass along your feedback about the customer service, as we want to ensure each client has a good experience!

sC
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stephen C.

Warehousing, 201-500 employees

Used weekly for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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EZ leases need

Reviewed 4 years ago

For the price it is well worth it. There is a learning curve involved but as I am very good in excel it make are close very good. I would recommend it to small non public companies.

Pros

The reports are good and nice in excel. The data entry is okay as well.

Cons

It is hard to see how the cash flow is calculated. Also, we had some complicated terminations and I don't think EZ lease calculated the transaction properly. Also, the leases converted from 840 to 842 has some calculation problems. Also there is no SSAE 16. If this was provided, I would actually pay more as it would reduce audit cost.

Vendor response

Thanks for your comments. SSAE 16 is intended for service organizations; since EZLease is installed software, not a service, SSAE 16 is not applicable. I'm sorry that makes your audit more challenging. If you think some transactions are not calculated correctly, please contact us; we will review the situation and either explain or correct the issue. Accurate accounting is our top priority. Thank you for choosing EZLease.

LD
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Levi D.

Construction, 5,001-10,000 employees

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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EZLease Review

Reviewed 3 years ago

Overall good customer service and easy people to deal with.

Pros

The software is easy to use and very user friendly.

Cons

There are a couple of issues when extending/revising a lease, but the developers know about the issue and are working hard to fix the issue. The issue should be resolved on the next update, which is great that they are pushing to resolve the issue asap.

JS
AvatarImg

John S.

Construction, 1,001-5,000 employees

Used weekly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

EZLease is the product to manage and track all of your leases.

Reviewed 6 years ago

We have been using EZLease for over four years. In that time EZLease has grown with us as our company has grown. It is very easy to use with very little training to operate. When we do have questions, we always get a quick response via email or telephone. It is nice to actually talk with real people.

Pros

EZLease is very easy to use. With very little training, we were up and running. You can also customize fields that allow you to track additional information for your company. The reports are easy to run in PDF or Excel. We rely on EZLease for accurate determination of Capital and Operating leases.

Cons

If I had to say anything, it would be more documentation. But with the ease of use of EZLease, I very rarely have to reference the documentation.

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