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Visual Lease Review

3

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
ERP, Asset Management

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Description of Visual Lease

Visual Lease is the leading lease accounting and management solution, designed to simplify compliance with ASC 842, IFRS 16 and GASB 87. Built with years of embedded knowledge from leading lease experts and CPAs, Visual Lease's powerful platform supports any size or type of lease portfolio. Visual Lease is dedicated to providing a first-class customer experience, and offers in-house implementation, training and support. Visual Lease accounting software helps simplify all of your lease financials providing you with robust features such as a comprehensive audit trail helps ensure you have full transparency into every input and change through Visual Lease’s audit trail functionality, which makes all changes easily traceable and highly trackable. Visual Lease provides automated calculations that captures the data points required to produce journal entries, so you can spend less time generating accurate calculations. For your integration requirements, our accounting software enables both one-time and recurring integrations with the top ERP systems, including general ledger, accounts payable, and accounts receivable modules. For your instant reporting needs, Visual Lease allows you to configure your own ad-hoc reports or select from a library of standard reports to see the data you want, when you want. Beyond software, it is our goal to ensure your organization remains satisfied and receives a positive, personal customer experience. Across our business, our team of support representatives from implementation and customer success is committed to ensuring you achieve Day 1 compliance and Day 2 success.

Reviews

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Type of review

Revainrating 5 out of 5

Great add-on / integration with QBO

Easy reporting for both our internal users as well as external clients. This tool has allowed us to easily track rent collected vs outstanding rents owed by tenants allowing more accurate billing/payment cycles between landlords & Tenants. No issues yet at this time but I do expect that it will be addressed shortly after purchase (at least initially). We have been able use VL since we started using QuickBooks so there are no concerns about compatibility wtih older versions. As an Accountant my

Pros
  • Just need internet connection + ability log into quickbooks if necessary; otherwise, you're good to go!! It's also possible without technical experience which is great.
Cons
  • There are nuances

Revainrating 5 out of 5

A helpful lease accounting management tool

The best part about visuallease was that it helped us understand our leases better than we did before using this software! It also allowed me access anytime I wanted for my own records keeping purposes as well which has been great since some clients are very particular when they need their financials right away (or even within 24 hours). Sometimes there were bugs but nothing major enough where i had trouble working around them so far thankfully!! Definitely recommend if you're looking into…

Pros
  • Easy navigation
  • Great customer service
  • User friendly interface.
  • Very helpful in figuring out lease structures, terms & conditions at an easy to use platform with all necessary info available without any fuss or effort required once logged onto VLSite's system through your browser window from anywhere online.etc..it is extremely convenient while saving tons lots more money along way too!!! :).Not only does vlsites make everything simple yet effective
Cons
  • Some little things

Revainrating 5 out of 5

Excellent tool in any leasing organization

The ability for easy data entry into multiple accounts makes it very user friendly! I like that there are many different ways you can customize your reports depending upon what information you want to see when looking at an account/lease. You cannot have more than one report per page so if you need two separate ones this could be problematic but not too big of a deal as long as they're both saved separately (which isn't always possible). We've been able to track our cash flows much better…

Pros
  • This was really important because before these were sent up manually via email attachment then transferred over later
Cons
  • Some little things