UGAAP Pricing, Features, Reviews & Comparison of Alternatives

UGAAP

Real-estate, equipment, and automotive lease accounting tool

4.6/5 (5 reviews)

UGAAP overview

What is UGAAP?

UGAAP is a real-estate, equipment, and automotive lease accounting software that helps businesses streamline processes related to cash flow forecasting, classification tests, auditing, and more on a centralized platform. It enables employees to create journal entries for the entire lease lifecycle, from commencement to modification and termination.

UGAAP provides a shared network drive environment, which allows team members to collaborate on projects, share files, and export reports in multiple file formats, including Excel and PDF. The management accounting module enables supervisors to configure budgets, set up expense limits, and generate "lease versus buy" reports. Administrators can set up multiple currencies and maintain a database of historic exchange rates for ROU assets and amortization processes. The lease admin module allows users to create multiple segments, divisions, subsidiaries, and branches and automatically generate custom folders to store exported reports.

UGAAP's navigation tools let employees conduct keyword searches, validate data, and filter reports based on predefined fields. Managers can use the financial reporting functionality to generate summary, maturity analysis, discount rates, and subsidiary reports.
www.ugaapinc.com

Pricing

Starting from
$3600
Pricing options
One time license
Subscription
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada

Supported languages

English
UGAAP screenshot: UGAAP lease detailsUGAAP screenshot: UGAAP analyticsUGAAP screenshot: UGAAP maturity analysisUGAAP screenshot: UGAAP export tableUGAAP screenshot: UGAAP disclosures

UGAAP reviews

Excellent
3

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.8
  4.8
  5.0
Anonymous

UGAAP Lease Accounting Software Review

Used occasionally for free trial
Reviewed 2019-06-06
Review Source: Capterra

Pros
We did demos with a number of providers of lease accounting software, UGAAP is by far the most efficient software there is. This is a software dedicated to accounting and reporting. They have CPA firms as their clients. We did not want to mess with the unnecessary property management type of work. We just wanted the software for GAAP compliance. And this is exactly what we need. Their staff is professional and experienced in implementation, and has been really helpful. Lease accounting has been touted as a hot anxiety point for so many years. Some provider has to figure out something elegant to streamline the process, the calculation and presentation. We think this one foots the bill really well.

Cons
So far I have not found any yet, we would like to get more users to test the software so we can get a feel on it s performance.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Tina Drennan

Has Saved Me Lots of Time

Used monthly for 6-12 months
Reviewed 2020-07-13
Review Source: Capterra

Manually calculating the amortization tables for 60+ leases and manually figuring out their journal entries monthly would have taken days. UGAAP enables me to get the journal entry completed in about 15 minutes.

Pros
This software takes away the headache of trying to calculate, track, and record GASB 87 lease transactions. Once the lease is entered, UGAAP calculates the amortization tables, and all I have to do monthly is print the journal entry details, summarize them, and post them into my GL.

Cons
I am not familiar with Access databases, so it took me a bit to figure out some tricks. UGAAP tech support was very helpful when I had questions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Anonymous

Big bang for the bucks

Used monthly for 6-12 months
Reviewed 2019-10-29
Review Source: Capterra

We use this software to tackle the necessary evil of having to comply with the new lease accounting standard. We are able to use the help of UGAAP to achieve what we were hoping to do. We knew from the demo this would work because they use our actual leases in the demo.

Pros
Meet the compliance needs if that's all you care about. Easy to use after a little bit of training. The intuitive and direct approach in lease modifications. Strong technical accounting. Good for accountants and financial reporting professionals. Willing to customize for our special requests. One-time fee for a permanent license, not bad at all.

Cons
Needs a bit of training to get around. Light in lease administration features, so this is probably not a piece of software for the property department if that's the focus, though it does have interesting expiration alert and lease vs buy analysis functions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Anonymous

Easy to use and low cost

Used weekly for less than 6 months
Reviewed 2019-05-11
Review Source: Capterra

Pros
A few of our clients use USGAAP lease accounting software. It is a quick and dirty tool that gets the job done. The ASC 842 adoption date amortization schedules, journal entries, and SAB 74 reports are surprisingly easy to generate. It is apparent their software is designed by someone with years of GAAP experiences in research and in practice. The tool provides tips for users as they use it. I can see accounting firms use USGAAP software to manage client lease portfolio, or even as part of lease accounting audit tool. It is always good a complex accounting area made so easy by a tool like that.

Cons
Nothing to mention at this point of time.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Irene Y

Easy to use and low cost

Used monthly for 6-12 months
Reviewed 2019-05-01
Review Source: Capterra

Fantastic, stress free, no annual subscription fees.

Pros
UGAAP software provides straightforward accounting deliverables in an easy to follow way. Disclosure reports and journal entries meticulously complies with the Codification. Calculation tool for implicit rate is fantastic. The implementation was quick and mostly stress free. We also like the fact that there's no annual subscription fees. It makes our lease accounting a much simpler task than it could have been.

Cons
Nothing I can mention at this moment.

Response from UGAAP


Thank you for the positive comment. We are pleased to provide value for easy accounting compliance.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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UGAAP pricing

Starting from
$3600
Pricing options
One time license
Subscription
Free trial
View Pricing Plans

UGAAP is available as an on-premise or cloud-based solution. The on-premises solution is available for a one-time purchase price starting at $3,600. Contact UGAAP for cloud subscription options.

UGAAP features

Accounting Management
Activity Dashboard
Audit Trail
Compliance Management
Customizable Reporting
Data Import/Export
Expense Tracking
Financial Analysis
Multi-Currency
Reporting & Statistics

API (280 other apps)
Accounting Integration (164 other apps)
Automatic Notifications (169 other apps)
Billing & Invoicing (187 other apps)
Electronic Payments (173 other apps)
Invoice Management (235 other apps)
Invoice Processing (153 other apps)
Real Time Data (147 other apps)
Third Party Integration (213 other apps)
Workflow Management (154 other apps)

Additional information for UGAAP

Key features of UGAAP

  • Amortization Schedule
  • Budgeting & Forecasting
  • Capitalization Reporting
  • Critical Date Alerts
  • For Equipment Leases
  • For Real Estate
  • Reporting/Analytics
View All Features