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Visual Lease vs LeaseCrunch Comparison

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Overview

Category Leaders

Visual Lease is a web-based FASB-IASB compliant lease management system with configurable contract clauses, suitable for...

LeaseCrunch is an easy-to-use solution that addresses the biggest challenges of the new lease standard while automating the...

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Video & Screenshots

No screenshots yet

Pricing

Starting from

ic-pricetag

No pricing info

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

Starting from

500

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

User reviews

4.7

55

5

4

3

2

1

39

14

2

0

0

  • Value for money
  • Ease of use
  • Features
  • Customer support
100%
would recommend this app

4.3

12

5

4

3

2

1

8

2

1

0

1

  • Value for money
  • Ease of use
  • Features
  • Customer support
92%
would recommend this app

Pros

Everyone has been very helpful with any issues I have ran in to. My overall experience has been very good.
Visual lease helps me to stay on top of the key dates in our leases such as expiration dates, rent increases, etc. It also helps save time with our month end accounting.
For the Real Estate prospective the most useful feature is the report field. It is very useful and easy to use because you can review and check all the info (General and Financial) for all the units.

Pros

Not enoughreviews yet

Cons

When it comes to putting dates there is sometimes a different way to put them in. Depending on the country your are working with dates can be misleading.
Our inability to translate some of these leases in-house is difficult. It would be ideal if Visual Lease could also provide translation services.
As a new user without any training, I found the reporting functionalities confusing and less than intuitive.

Cons

Not enoughreviews yet

  • Vendor responds to reviews
  • Last reviewa year ago
  • Vendor responds to reviews
  • Last review10 months ago

Key features

  • Total features61
  • API
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Escalation
  • Alerts/Notifications
  • Amortization Schedule
  • Approval Process Control
  • Asset Lifecycle Management
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Capitalization Reporting
  • Commercial Leases
  • Compliance Management
  • Configurable Workflow
  • Contact Database
  • Contact Management
  • Contract/License Management
  • Critical Date Alerts
  • Currency Conversion
  • Customizable Fields
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Data Visualization
  • Document Management
  • Document Storage
  • Email Alerts
  • Expense Tracking
  • Financial Reporting
  • For Brokers
  • For Commercial Real Estate
  • For Equipment Leases
  • For Government
  • For Property Managers
  • For Real Estate
  • For Small Businesses
  • General Ledger
  • Income & Balance Sheet
  • Multi-Currency
  • Multi-Location
  • Online Payments
  • Payment Tracking
  • Portfolio Management
  • Project Management
  • Reminders
  • Reporting & Statistics
  • Reporting/Analytics
  • Retail Leases
  • Search/Filter
  • Task Management
  • Tax Management
  • Third-Party Integrations
  • Transaction History
  • Transaction Management
  • Total features10
  • API
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Escalation
  • Alerts/Notifications
  • Amortization Schedule
  • Approval Process Control
  • Asset Lifecycle Management
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Capitalization Reporting
  • Commercial Leases
  • Compliance Management
  • Configurable Workflow
  • Contact Database
  • Contact Management
  • Contract/License Management
  • Critical Date Alerts
  • Currency Conversion
  • Customizable Fields
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Data Visualization
  • Document Management
  • Document Storage
  • Email Alerts
  • Expense Tracking
  • Financial Reporting
  • For Brokers
  • For Commercial Real Estate
  • For Equipment Leases
  • For Government
  • For Property Managers
  • For Real Estate
  • For Small Businesses
  • General Ledger
  • Income & Balance Sheet
  • Multi-Currency
  • Multi-Location
  • Online Payments
  • Payment Tracking
  • Portfolio Management
  • Project Management
  • Reminders
  • Reporting & Statistics
  • Reporting/Analytics
  • Retail Leases
  • Search/Filter
  • Task Management
  • Tax Management
  • Third-Party Integrations
  • Transaction History
  • Transaction Management

Integrations

  • Total integrations7
  • Dropbox Business
  • Gmail
  • Google Analytics 360
  • Google Calendar
  • Google Maps
  • Mailchimp
  • Meta for Business
  • Microsoft Excel
  • Microsoft Outlook
  • Microsoft Power BI
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • Shopify
  • Slack
  • Stripe
  • WordPress
  • Xero
  • Zapier
  • authorize.net
  • Total integrationsN/A
  • Dropbox Business
  • Gmail
  • Google Analytics 360
  • Google Calendar
  • Google Maps
  • Mailchimp
  • Meta for Business
  • Microsoft Excel
  • Microsoft Outlook
  • Microsoft Power BI
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • Shopify
  • Slack
  • Stripe
  • WordPress
  • Xero
  • Zapier
  • authorize.net

Alternatives

Explore similar apps

User reviews that mention these apps

DM
AvatarImg

David M.

Construction, 501-1,000 employees

Used monthly for 1-2 years

Review source

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

Share this review:

LeaseCrunch logo

LeaseCrunch

Auto Leasing

Reviewed 3 years ago

We use the software to process the monthly accounting for a fleet of 150+ leased vehicles. Lease crunch has made a previously tedious task much easier and much less time consuming that our previous method of tracking the leases.

Pros

This product minimized the time it takes to run the lease calculations on a monthly basis. We're a construction company and lease approximately 150 vehicles which we had been tracking on an Excel spreadsheet. It quickly became quite a task to maintain the data and lease crunch has made it much easier to accurately report on a monthly basis.

Cons

I have not yet come up with any upgrades that I would want implemented at this time.

KF
AvatarImg

Kimberly F.

Plastics, 201-500 employees

Used weekly for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend6/10

Share this review:

LeaseCrunch logo

LeaseCrunch

Overall okay - needs more updates to make it more useful than just using Excel

Reviewed 3 years ago

Figuring out the ROU Asset balance is the biggest aspect we use LeaseCrunch for, as well as the GL Journal Entry export. Like mentioned before, LeaseCrunch needs more updates to make it much more valuable to track leases vs tracking in a well designed excel spreadsheet.

Pros

Overall, LeaseCrunch is user friendly. It was a simple process to add new leases. The GL Journal Entry export function is the most impactful.

Cons

The filtering on the "My Leases" screen could use some work. It would be helpful to create a saved custom view where you can choose which columns to show when selected and only go through that process the one time. LeaseCrunch is missing a "delete" option for reporting entities and or leases. During a lease term there could be an amendment to the lease - there needs to be a field that can take into...

EE
AvatarImg

Erik E.

Financial Services, 11-50 employees

Review source

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

Share this review:

LeaseCrunch logo

LeaseCrunch

Leases Made Easy

Reviewed 2 years ago
Pros

The simplicity of the lease set up and data entry, with well organized and detailed excel schedule exports. The automation surrounding the footnote disclosures is immensely efficient and helpful for preparing financials.

Cons

We haven't identified any cons of note in our use of the software thus far.

JW
AvatarImg

Julie W.

Nonprofit Organization Management, 201-500 employees

Used monthly for less than 6 months

Review source

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

Share this review:

LeaseCrunch logo

LeaseCrunch

Quick to Implement, Easy to Use, Support when Needed

Reviewed 2 years ago
Pros

The software makes it easy to input all your lease data without having to understand all the ins and outs of ASC 842. The tool guides you through all the steps of taking the terms of your lease and getting them properly input and categorized. They also calculate the adjusting entry that you'll need to convert from your current process to ASC 842. When researching different solutions, LeaseCrunch stood out because the workflow was simple and easy to follow, the implementation time was much faster (one company said it could take up to six months to gather all our lease info), and they offer a Help document to assist on the technical side. They also have several accountants and CPAs on staff to answer questions and help with unique situations. Overall, very happy with the product.

Cons

None, we have been very happy with the software so far.

ZV
AvatarImg

Zach V.

Accounting, 51-200 employees

Review source

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

Share this review:

LeaseCrunch logo

LeaseCrunch

LeaseCrunch Review

Reviewed 2 years ago
Pros

The overall navigation and customizability of the software to your specific needs was fantastic. Very intuitive and easy to follow.

Cons

There is nothing that stands out as being an obvious con, but integrating this software with whatever current lease software one may be using could prove tricky, depending on the exact format and software being used previously.

JC
AvatarImg

Jane C.

Education Management, 501-1,000 employees

Used monthly for 1-2 years

Review source

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

Share this review:

LeaseCrunch logo

LeaseCrunch

Lease Crunch - Great Value for the Money

Reviewed 3 years ago

My employer has not yet adopted ASC842, but in the meantime I have set up Lease Crunch with all of our leases and am running reports for comparisons. I am still in the process of learning how to use the software, but love the ease of getting monthly JEs and the Footnote feature.

Pros

The software makes it very easy to set up leases. Getting reports in Excel makes it easy to customize them for your individual uses. Running the monthly Journal Entries for all leases saves so much time from the way I was doing it previously.

Cons

I cannot run reports that look like a monthly Trial Balance to reconcile balances to my financial software.