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EZLease Review

3

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Very good

Revainrating 4.5 out of 5  
Rating 
4.7
ERP, Asset Management

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Description of EZLease

EZLease is a simple, fast way to transition to and support the ASC 842, GASB 87, and IFRS 16 standards. Lessees and lessors can use EZLease to administer and account for real estate and equipment leases. The solution features an advanced lease accounting engine as well as all the other critical functions required to achieve compliance, including record-to-report automation, a leasing subledger, a true monthly close process, push-button reporting of over a dozen reports, and easy upload to your general ledger. EZLease supports complex lease accounting scenarios such as variable payments, modifications and reassessments, impairments, and asset retirement obligations (AROs).

Reviews

Global ratings 3
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Type of review

Revainrating 5 out of 5

Great program for keeping up records

I like the ability to have the lease agreement and the accounting all in one. I also like the ability to have the lease and accounting all in one place. It was a little confusing when we first started using it, but it has become very easy to use. I would say the best part is the fact that it integrates with Quickbooks. It is a great way to keep track of the leases and the accounting. It is easy to use and easy to get the information that you need. I would recommend this to anyone who is…

Pros
  • This helps reduce errors as well making sure there are no issues or missing data points within your business model.It works seamlessly across platforms such Microsoft excel , word etc..which makes managing documents much easier
Cons
  • So-so

Revainrating 5 out of 5

Great user friendly online platform for managing business leases

Easy to learn how it works with all kinds of lease terms (simple interest rate/amortization), no hidden fees & easy administration tool! I dislike that you cannot copy paste or print out your own forms from within system - but this may be an option in future releases? If so please do not hesitate to contact our team at AIS Accounting Solutions if there are any issues using their product. We have been able to streamline many aspects of accounting process as well as keep up-to date with new tax…

Pros
  • The ability for users who don't know much about leases, amoritizations etc., very user friendly, quick turnarounds when dealing wth customers.
  • Very clear instructions throughout site; videos help explain everything clearly.
  • Excellent customer service support provided by accountants @AisAccountsolutions
Cons
  • It is hard to say

Revainrating 4 out of 5

Easy online platform/software!!: EZLease

I like the fact that it is a lot less expensive then a consultant to do the paperwork and accounting. I like that they have the software to do the accounting. The reporting is easy. I wish the site could be better for those new to software. It took a while to get use to the site. It was quite easy to learn. I have recommended to other companies that would like to start having their leases done. It would be best if we could do multiple things. I can't find anything that I dislike, maybe the…

Pros
  • It is easy to use and easy to use remotely
Cons
  • It could be easier to use