Best Lease Accounting Software : Akounto

By setting up a lease account, you can automate lease invoicing and payment reminders with Akounto.

• Start by creating a new account or sub-account in your chart of accounts.
• Create a lease invoice by going to the invoicing module in Akounto. Select the lease account as the income account.
• After this, set up automated payment reminders to ensure that your tenants pay on time.

You can also customize payment reminders for different tenants. It will be easier for you to review and track them on this lease management software.

Companies need lease accounting software to help them comply with new lease accounting standards, reduce the risk of errors, and streamline the lease accounting process. The benefits of lease accounting software include increased accuracy and efficiency in lease accounting, reduced risk of errors, improved compliance with lease accounting standards, and better visibility into lease obligations and costs.

Akounto provides various plans at prices that make them very affordable. Your business can be either at a startup stage or growing at a fast pace. You can choose the plan that fits your needs and can upgrade plans with the growth of your business.

Tracking income and expenses, creating invoices, managing accounts payable and receivable, and generating financial reports of your leasehold business is easy with Akounto. This lease accounting software allows you to analyze and track lease transactions and view the financial position of the business from an intuitive dashboard.