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Authoritative Lease Accounting Compliance Tool

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UGAAP Pricing, Features, Reviews and Alternatives

UGAAP product overview

Price starts from

3600

One-time payment

Per Feature

What is UGAAP?

UGAAP is a lease accounting software for lessees and/or lessors that helps businesses streamline processes related to disclosure reports, journal entries, amortization schedules, cash flow forecasting, classification tests, auditing, and more. It enables employees to create journal entries for the entire lease lifecycle, from commencement to modification and termination.

Key benefits of using UGAAP

- Technical Accounting Excellence
- Cloud-base (SaaS) or On-Premises available
- Serves both Lessees and/or Lessors
- ASC 842, GASB 87, IFRS 16, or multiple standards
- Large multi-national entities or small businesses

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

FAQs/Forum
Email/Help Desk
Chat
Phone Support

Training options

In Person
Documentation
Webinars
Live Online

UGAAP pricing information

Value for money

4.8

/5

10

Starting from

3600

One-time payment

Per Feature

Pricing options

Free plan
Subscription
Free trial
Pricing range

Value for money contenders

UGAAP features

Functionality

4.4

/5

10

Total features

25

1 categories

Most valued features by users

Activity Dashboard
Reporting/Analytics
Reporting & Statistics
Data Import/Export
Compliance Management
Customizable Reports
Multi-Currency
Audit Trail

Functionality contenders

UGAAP users reviews

Overall Rating

4.3

/5

10

Positive reviews

80

%

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9.2/10
Rating distribution

5

4

3

2

1

5

3

2

0

0

Pros
It is always good a complex accounting area made so easy by a tool like that.
We have had a very good experience with UGAAP. Our representative understood the Lease Accounting Standards very thoroughly.
Fantastic, stress free, no annual subscription fees.
Cons
We use this software to tackle the necessary evil of having to comply with the new lease accounting standard.
We have had some trouble understanding what information from a lease needs to be entered into which fields.
I am not familiar with Access databases, so it took me a bit to figure out some tricks.

Overall rating contenders

AR
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Verified reviewer

Banking, 1,001-5,000 employees

Review source

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

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UGAAP Lease Accounting Software Review

Reviewed 5 years ago
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.

LS
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LeAnn S.

Higher Education, 10,001+ employees

Used daily for less than 6 months

Review source

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

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Very easy to use and understand

Reviewed 3 years ago

Overall, I'm happy with UGAAP software and would recommend to anyone looking for lease accounting solution. We are still in the process of implementation so haven't fully utilized everything. We haven't been through a full year, so year-end reporting is unknown at this time.

Pros

It's so easy you think you're doing it wrong. Straight forward, click and enter. Good interface. Designed specifically for GAAP compliance. Audit and footnote ready reports.

Cons

Integration is ok, but manual process.

JM
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Justin M.

Transportation/Trucking/Railroad, 51-200 employees

Used daily for less than 6 months

Review source

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

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Using UGAAP to Transition

Reviewed 3 years ago
Pros

UGAAP is very user friendly. All the information about a lease is in one place, there is no navigating to different tabs. Everything is labeled very clearly, and most items have a brief description. The integration process was very easy, [SENSITIVE CONTENT] from UGAAP was very helpful throughout the whole process and was available to discuss any issues or questions we had.

Cons

Overall we are very happy with UGGAP, any issues we have we can take them to UGAAP and they have been able to assist us. By either creating new fields or helping us with workarounds for our issue. Their customer support is amazing.

AR
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Verified reviewer

Electrical/Electronic Manufacturing, 5,001-10,000 employees

Used monthly for 6-12 months

Review source

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

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Big bang for the bucks

Reviewed 5 years ago

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.

TD
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Tina D.

Government Administration, 11-50 employees

Used monthly for 6-12 months

Review source

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

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Has Saved Me Lots of Time

Reviewed 4 years ago

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.

UGAAP FAQs

Q. What type of pricing plans does UGAAP offer?

UGAAP has the following pricing plans:
Starting from: $3600.00
Pricing model: One Time License
Free Trial: Available


Q. Who are the typical users of UGAAP?

UGAAP has the following typical customers:
Freelancers, Large Enterprises, Mid Size Business, Non Profit, Small Business


Q. What languages does UGAAP support?

UGAAP supports the following languages:
English


Q. Does UGAAP offer an API?

No, UGAAP does not have an API available.


Q. What level of support does UGAAP offer?

UGAAP offers the following support options:
FAQs/Forum, Email/Help Desk, Chat, Phone Support

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