IRIS Lease Accounting
Asset leasing software
Lease accounting software
Asset management software
Real estate software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if IRIS Lease Accounting and its alternatives fit your requirements.
£243.00 per lease pack per annum
Free Trial
Free version unavailable
Small
Medium
Large
-
What is IRIS Lease Accounting
IRIS Lease Accounting is a lease accounting application used to manage lease data and produce accounting outputs aligned to lease accounting standards such as IFRS 16 and ASC 842. It supports finance and accounting teams that need a controlled lease register, calculations (e.g., ROU asset and lease liability), and reporting for audits and period close. The product is positioned within the IRIS software portfolio and is typically used by organizations that want a dedicated lease accounting tool rather than building spreadsheets or custom models.
Purpose-built lease accounting
The product focuses on maintaining a lease register and generating lease accounting calculations and reports required for compliance. This reduces reliance on spreadsheets for present value calculations, amortization schedules, and disclosure support. Compared with broader asset finance platforms, it is oriented toward accounting outcomes rather than end-to-end leasing origination and servicing.
Centralized lease data repository
It provides a single system of record for key lease terms, changes, and supporting documentation, which helps standardize inputs across business units. Centralization supports audit readiness by making it easier to trace assumptions and contract data used in calculations. This is a common requirement for organizations managing many property and equipment leases.
Reporting for close and audit
The tool is designed to produce recurring period-close outputs such as journals, roll-forwards, and schedules used by finance teams. Standardized reporting can reduce manual reconciliation effort when compared with ad hoc spreadsheet-based processes. It also supports consistent reporting across multiple entities where lease accounting policies must be applied uniformly.
Limited operational lease lifecycle
Lease accounting tools typically emphasize compliance calculations and reporting rather than the full operational leasing lifecycle. Organizations that need capabilities such as lease origination, billing, collections, or complex asset finance servicing may require additional systems. Fit can be weaker for teams seeking a single platform spanning both accounting and operational leasing processes.
Integration depth varies by stack
Lease accounting deployments often require integrations with ERP/GL, procurement, and real estate systems to reduce duplicate data entry. The level of prebuilt connectors and the effort to integrate can vary depending on the organization’s application landscape. Where integrations are limited, users may rely on imports/exports and manual controls.
Configuration and data readiness effort
Implementations depend heavily on the quality and completeness of existing lease contract data, including discount rates, payment schedules, and modification history. Data cleansing and policy decisions (e.g., practical expedients, lease components) can be time-consuming during rollout. Ongoing governance is needed to keep the lease register accurate as contracts change.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| SME (Small & Medium-sized Enterprises) | £243.00 per lease pack per annum (excluding all taxes) | Lease pack = 10 leases; scalable up to 30 leases; up to 5 users; purchasable from IRIS shop ("Try it for free" trial link present). |
| CPA / Multi-company (for CPAs) | £283.50 per lease pack per annum (excluding all taxes) | Designed for multi-company/CPA use; account up to 30 leases per entity (max 480 leases); up to 5 central/managed-service administrators and up to 5 read-only end users per entity; purchasable from IRIS shop; trial available. |
| Enterprise | £TBA (on application) | Enterprise solution: price on application (P.O.A.); features for complex/large portfolios and dedicated implementation support. |
Seller details
IRIS Software Group Limited
Slough, England, United Kingdom
1978
Private
https://www.iris.co.uk/
https://x.com/IRISSoftwareGrp
https://www.linkedin.com/company/iris-software-group/
