Compare LeaseAccounting.app vs. Leasevana

LeaseAccounting.app is a self-serve IFRS 16 and FRS 102 lease accounting platform built for finance teams who want audit-ready compliance without spreadsheets, implementation consultants, or six-figure setup costs. Made by ZenTreasury Oy in Helsinki, Finland with EU-only data hosting. Designed for SMEs reporting under IFRS 16 or FRS 102 (UK GAAP), typically managing 5 to 50 leases. The platform generates complete lease schedules, journal entries, modifications, remeasurements, terminations, and one-click audit evidence packs from any lease contract. AI-assisted contract extraction reads your PDFs and proposes lease terms with confidence scoring; you approve, and the deterministic calculation engine produces the numbers. Same inputs, same outputs, every time. Zen AI is advisory only and never touches a calculation. Other features: Discount Rate Advisor pulls reference rates from central bank sources and drafts a rate memo for review; continuous compliance monitoring flags indexations due, expiring leases, and overdue reassessments; multi-entity bookkeeping from day one; auditor portal access with activity logging (coming soon); journal export to SAP, Oracle, Dynamics, and NetSuite formats; Azure AD / Entra ID SSO with JIT provisioning. Pricing: free tier covers 2 leases with no credit card required. Paid plans start at €149 per month with no per-seat pricing and generous team access included on every tier. Differentiation: built IFRS-first (not ASC 842-first), EU-hosted, fully implemented FRS 102, and self-serve onboarding. The trusted alternative to spreadsheet-based compliance and consultant-heavy enterprise lease tools.

Leasevana is a desktop application for Windows intended for lease accounting under IFRS 16, catering to corporate finance teams and lessees. It computes right-of-use (ROU) assets and lease liabilities based on lease agreements, while also generating schedules for amortization and depreciation. Users in finance can modify these schedules to account for renewals, extensions, early terminations, and adjustments in consideration, allowing them to monitor incremental borrowing rates and weighted-average discount rates pertinent to new leases and reassessments. Additionally, the software facilitates IFRS 16 disclosure reporting and features an optional PDF lease abstraction tool that can utilize a Google Gemini API key provided by the user to automatically extract essential information like dates, options, and payment figures. Leasevana operates locally on Windows, requiring no cloud storage or external databases, which enhances data privacy. It is offered as a complimentary download from the Microsoft Store, although the vendor suggests that users consult a qualified professional to verify their results for accuracy. With its user-friendly interface and robust functionalities, Leasevana aims to streamline the lease accounting process significantly.