Why Spacebase Is the Best Lease Accounting Software
Lease accounting is one of the most complex and high-stakes areas of corporate finance. Between ASC 842, IFRS 16, and local GAAP standards, finance teams face intense pressure to stay compliant, generate accurate reports, and avoid costly errors. The challenge grows even bigger for companies with large or global lease portfolios.
That’s where Spacebase comes in. Built in partnership with leading finance and real estate teams, our lease accounting software delivers unmatched accuracy, efficiency, and transparency. From automated compliance to real-time reporting, Spacebase helps you eliminate risk and take full control of your lease data.
Here’s why companies across industries trust us with their lease accounting — and why waiting to upgrade your system could cost more than you think.
Built for ASC 842, IFRS 16, and Beyond
Lease accounting compliance isn’t optional. Auditors, regulators, and boards expect timely and precise reporting. Spacebase ensures that every calculation aligns with the latest standards, including ASC 842 and IFRS 16, so your reports are always audit-ready.
Our software automatically generates amortization schedules, journal entries, and disclosure reports, so you never have to worry about manual errors or spreadsheet headaches.
Automated Workflows That Save Time (and Sanity)
Finance teams shouldn’t be bogged down by tedious manual processes. With Spacebase, repetitive tasks like posting monthly journal entries, calculating interest expenses, and rolling forward balances happen automatically.
This doesn’t just save time — it frees your team to focus on strategy instead of data entry.
Visibility Across Your Entire Portfolio
Accurate lease accounting starts with complete visibility. Spacebase gives CFOs, controllers, and accounting managers a clear view of lease liabilities and right-of-use assets across every property, location, and subsidiary.
Our real-time dashboards and drill-down reporting mean you’re always one click away from the numbers you need — whether that’s a consolidated roll-up for the board or a detailed report for an auditor.
Seamless Integration With Your ERP and AP Systems
Lease accounting doesn’t happen in a vacuum. That’s why Spacebase integrates directly with leading ERP and AP systems, ensuring journal entries, payments, and approvals flow smoothly into your existing finance stack.
No more double entry. No more siloed data. Just accurate, connected accounting.
Designed for Accuracy and Usability
Most accounting systems were never designed with leases in mind. Spacebase is different. Our platform was built specifically for lease accounting, with intuitive workflows that finance teams actually enjoy using.
From our clean, modern interface to customizable reporting, Spacebase is designed to reduce complexity without sacrificing precision.
Spacebase vs. The Alternatives
| Feature | Spacebase | Spreadsheets & Legacy Systems | Other Lease Accounting Tools |
|---|---|---|---|
| Compliance Coverage | Full ASC 842, IFRS 16, GAAP support | Manual updates required, high risk of error | Often limited to one standard |
| Accuracy | Automated calculations and audit-ready reports | Prone to human error | Dependent on manual inputs |
| Usability | Modern, intuitive interface | Complex formulas and macros | Often clunky or outdated |
| Automation | Journal entries, amortization schedules, and disclosures generated automatically | Manual effort required for every update | Partial automation only |
| Visibility | Real-time dashboards across entire portfolio | Limited — hard to consolidate | Often lacks global visibility |
| Integrations | Direct connections with ERP and AP systems | Requires manual uploads | Limited or complex to set up |
| Customer Support | Dedicated account managers and personalized onboarding | None | Generic, ticket-based |
Why You Shouldn’t Wait to Decide
Every month you spend managing leases manually or on outdated systems increases your risk of errors, noncompliance, and wasted time. By moving to Spacebase now, your team can lock in accurate, audit-ready lease accounting before the next reporting cycle — and avoid the costly mistakes that come from waiting.
Ready to See Spacebase in Action?
Whether you’re managing 50 leases or 5,000, Spacebase gives you the tools to stay compliant, accurate, and efficient.
Schedule a demo today and see why top finance teams trust Spacebase as their lease accounting solution.
Brooke Colglazier
Marketing Manager