Lease Accounting
Software Built for
Compliance & Efficiency
Manage leases at the entity level, automate modifications and terminations, and stay compliant with IND AS 116 and IFRS 16 — all from one secure platform.
What is lease accounting software?
Managing lease accounting under IND AS 116 and IFRS 16 involves much more than maintaining spreadsheets and performing manual calculations. Finance teams must manage lease modifications, reassessments, terminations, period closures, audit documentation, and regulatory disclosures while ensuring complete accuracy across every reporting period.
L-Eazy simplifies this entire process through a structured, workflow-driven platform built specifically for lease accounting. From Transition & Migration Workflows to creating leases at the entity level or be it managing user access through organisation and entity-level role-based permissions, every lease modification, reassessment, or termination follows a structured process, ensuring consistency and complete traceability with L-Eazy.
Enabling you to onboard your existing lease portfolio using guided transition and migration workflows.
Built-in period-lock functionality protects closed accounting periods from unintended changes, while detailed audit logs capture every activity performed within the system.
When reporting time arrives, L-Eazy automatically generates disclosures and journal entries compliant with IND AS 116 and IFRS 16, supported by accurate prorata calculations and security deposit-based lease accounting throughout the lease lifecycle.
Spreadsheets weren't built for IND AS 116 & IFRS 16.
See how teams who switch to L-Eazy close faster — with a complete audit trail and zero adjustments.
Excel & spreadsheets
The old wayThe traditional approach
L-Eazy
The smart wayA purpose-built Lease Accounting solution!
Everything You Need for IND AS 116 & IFRS 16 Compliance
Designed specifically for the finance teams of your organization, L-Eazy brings together every essential lease accounting capability within a single platform!
Entity-Level Lease Creation
Create, organise and manage lease contracts at the entity level, making it easy to administer leases across multiple entities within an organisation.
Organisation & Entity-Level Role-Based Access
A well-defined user permissions system that is based on organisational hierarchy and entity ownership, ensuring controlled access to lease information.
Transition & Migration Workflows
Seamlessly move existing lease portfolios onto L-Eazy through guided transition and migration workflows designed for a smooth implementation.
Modify, Reassess & Terminate Workflows
Handle lease modifications, reassessments, and terminations using structured workflows that maintain consistency throughout the lease lifecycle.
Period-Lock Functionality
Protect completed accounting periods by locking them against further changes, preserving reporting accuracy and financial integrity.
Comprehensive Audit Logs
Every lease activity is automatically recorded, creating a complete audit trail that improves transparency and simplifies reviews.
IND AS 116 & IFRS 16 Reports
Generate lease reports, statutory disclosures, and ready-to-post journal entries in line with IND AS 116 and IFRS 16 requirements.
Accurate Calculations / Prorata Calculations
Auto-calculate lease values for partial periods, mid-cycle commencements, modifications and other lease events.
Security Deposit-Based Lease Accounting
Manage and account for security deposits throughout the lease lifecycle with dedicated security-deposit-based lease-accounting functionality.
Automate Lease Modifications, Reassessments & Terminations
Lease contracts rarely stay unchanged. Rent escalations, extensions, scope reductions, changes in the discount rate and early exits all trigger a remeasurement of the lease liability and the Right-of-Use asset under IND AS 116 and IFRS 16.
L-Eazy handles each event through a guided workflow. Record the change, and the software recalculates the liability, adjusts the ROU asset, regenerates the amortization schedule and posts the corresponding journal entries, with prorata accuracy for mid-period effective dates.
Every modification, reassessment and termination is captured in the audit log, and period locks ensure changes are applied prospectively in the open period rather than altering closed books.
IND AS 116 & IFRS 16 Reports and Disclosures
Both standards require lessees to present quantitative disclosures: the maturity analysis of lease liabilities, depreciation of ROU assets by class, interest expense on lease liabilities, total cash outflow for leases, and expenses relating to short-term and low-value leases.
L-Eazy generates these statutory disclosures directly from the lease register, alongside amortization schedules, journal entries, lease liability and ROU asset movement reports, and maturity analysis across custom time buckets.
Reports run at the entity or organisation level and export to Excel for period close, group consolidation and audit review.