Lease Accounting
Easy to Use Lease Accounting. Built for Compliance. Loved by Finance Teams.
Lease accounting software by Spacebase helps finance teams quickly and precisely manage ASC 842, GASB 87, and IFRS 16 compliance. From journal entry automation to entity-level reporting, we eliminate the manual work that slows teams down so controllers and CFOs can focus on making data-driven decisions.
Loved by
Features Built to Simplify Lease Accounting
Spacebase automates ASC 842, GASB 87, and IFRS 16 compliance — recognizing the right-of-use (ROU) asset and lease liability at lease commencement, and automating journal entries, modifications, amortization schedules, and disclosures.
Automate Your Close
Month-end journal entries, schedules, and reports—all generated with a few clicks.
4x faster close time
Stay Compliant, without Second-Guessing
Comply with ASC 842, IFRS 16, and GASB 87 automatically. Spacebase supports all lease classifications (operating, finance, and short-term), calculates ROU assets and liabilities, and generates disclosures for financial reporting.
100% audit pass rate reported by enterprise users.
75% reduction in audit prep time.
Real-Time Reporting, without the Manual Work
Export journal entries, amortization schedules, disclosures reports, and accurate balance sheets.
100% in sync with the latest lease data.
Streamline Your Approval Workflow
Spacebase provides accounting, real estate, and AP teams with shared access to lease and payment data, creating a single source of truth and eliminating the need to duplicate data. Built-in controls guide every step of the review and approval process, so you stay fast, accurate, and compliant.
50% less time spent on manual approvals
0 manual rework
75% reduction in audit prep time
Built with Integrations in Mind
Our open API allows you to easily handle complex integrations, SPVs, and multi-currency consolidations. You can also sync with ERPs like NetSuite, Oracle, and SAP.
1 source of truth across your tech stack
Enterprise-Grade Security
SOC 1 Type II Certified
Enterprise-grade security, verified. Our internal controls are independently audited and meet the rigorous standards of SOC 1 Type II, giving you peace of mind around financial reporting and data integrity.
The data
Results That Speak for Themselves
−300%
decrease in month-end close time
+25%
increase in modifications booked on time
+10%
increase in invoices paid on time
Hands-On Services to Support Your Success
From expert lease abstraction to guided implementation and dedicated support, our hands-on services are designed to help your team succeed at every stage. We’re here to simplify your processes and support your goals.
Lease Abstract
Our lease abstraction services deliver clean, reliable data, ready for reporting, analysis, and compliance. Whether managing a few properties or a global portfolio, we ensure your lease information is organized and accessible.
Implementation
From kickoff to go-live, our implementation team works closely with you to ensure a seamless transition. With a structured process and clear timelines, we help your team get up and running quickly
Customer Success
Help is never far away. Every Spacebase customer gets access to our responsive, US-based support team, with enterprise plans including a dedicated account manager to guide your team from onboarding to optimization.
Markets we serve
The Software of Choice Across a Variety of Industries
From global SaaS firms to complex logistics operations, Spacebase supports finance teams across every sector.
Explore How Spacebase Transforms Workflows by Industry:
Airlines & Aviation
Managing aircraft, terminals, and equipment leases is complex, especially under ASC 842. Spacebase makes tracking assets, automating reporting, and staying audit-ready across worldwide locations easy.
Agriculture & Farming
Spacebase helps agricultural operations track land, equipment, and facility leases accurately. Stay compliant and organized, whether you're running one site or many.
Commercial Real Estate
Spacebase helps real estate teams manage lease changes, rent escalations, and accounting rules from office towers to retail centers without relying on outdated spreadsheets.
Construction Equipment & Development
Track, report, and manage equipment leases—from forklifts to IT hardware—all in one place. Our software ensures compliance with lease accounting standards while reducing manual work.
Food & Beverage
Restaurant groups and beverage companies use Spacebase to manage retail space, distribution hubs, and more, giving their finance teams clean reporting and fewer month-end surprises.
Government & Public Sector
Local and federal agencies use Spacebase to meet compliance standards, centralize lease data, and streamline accounting across departments, without complex manual processes.
Healthcare
Hospitals, clinics, and healthcare systems rely on Spacebase to track facility leases, medical equipment rentals, and other transactions while ensuring ASC 842 and GASB compliance.
Land Management
Whether you oversee conservation land or development zones, Spacebase gives you full visibility into lease terms, dates, and obligations, so nothing is missed.
SaaS & Enterprise Technology
Tech companies use Spacebase to centralize lease data across offices, labs, and equipment, giving finance and real estate teams the tools they need to move quickly and stay compliant.
Security
Security companies lease all kinds of space and gear. Spacebase helps track every asset and obligation while simplifying compliance and reporting.
See what our users think
Trusted by Industry Leaders to Scale Their Leases
"The system is very user friendly to navigate and the team is great to work with."
"The Spacebase team has been amazing in supporting us with prompt responses when we need help figure out issues on specific leases or understand the flow of certain processes."
"The system is great product for ASC 842 accounting purposes. Easy to use and navigate. Product seems to be easily modified by the SB team to address the unique circumstances that we have in our accounting at United."
"The most important feature to me is the customer support. If there is an issue, it gets resolved very quickly."
Scale your way
Simplify How Work Gets Done, So Your Whole Company Can Scale With You
Looking for something else?
Check Out Our Other Great Software
Choose what you need, when you need it. Spacebase is modular. You can start with lease accounting, lease administration, or both. Our platform is designed to adapt to your needs.
Lease Administration
If your team needs help managing critical dates, rent schedules, and day-to-day lease details, our lease administration solution is designed for you. Spacebase helps you stay organized and in control, without the complexity of lease accounting.
ExploreBeta
Spacebase AI is Built to Simplify Lease Abstraction and Document Processing
- Instantly identify key terms with optical character recognition (OCR)
- Automatically extract clauses, critical dates, and financials
- Reduce manual entry and improve accuracy across your lease data
- Formulate data analysis with the click of a button
Have questions? We have the answers
Frequently Asked Questions
What is lease accounting under ASC 842?
Lease accounting under ASC 842 requires a lessee to recognize a lease liability (present value of future lease payments) and a right-of-use (ROU) asset for virtually all leases (unless a short-term exemption is elected). It requires classification (finance vs operating), measurement of payments (fixed, in-substance fixed, and certain index-based variable payments), and specific disclosures.
How long does it take to implement lease management software?
Most Spacebase customers are up and running within a few weeks. Our team handles onboarding, data migration, and training, providing hands-on support every step of the way. For large or complex portfolios, we also offer custom implementation services and lease abstraction support.
Does Spacebase lease management software integrate with existing accounting systems?
Yes. Spacebase integrates with leading accounting platforms like NetSuite, Sage Intacct, QuickBooks, and more.
Can I use Spacebase lease management software on a mobile device?
Yes. Spacebase is entirely cloud-based and mobile-optimized, so you can access lease data, documents, and critical dates on any device, whether you’re at your desk or in the field.
How much does lease management software cost?
Spacebase offers flexible pricing based on your portfolio size and feature needs. Whether you're managing 20 leases or 2,000, we’ll tailor a package that fits your team. Request a demo to receive custom pricing tailored to your organization.
What’s the difference between lease administration and lease accounting?
Lease administration is about staying organized and compliant with lease terms. Lease accounting, on the other hand, involves translating those lease terms into accurate financial statements in accordance with standards such as ASC 842 or IFRS 16.
What does a lease administrator do?
A lease administrator handles the operational tasks involved in managing commercial leases. This includes maintaining lease records, ensuring timely payments, coordinating with landlords and internal teams, and keeping your lease data up-to-date and compliant.
What is commercial lease abstraction?
Commercial lease abstraction is the process of extracting key terms, dates, and clauses from a lease document and summarizing them in a structured, searchable format. Abstracts help your team quickly reference critical details without having to dig through lengthy contracts, and are essential for lease administration and accounting accuracy.