Maybe not this time
It was used to address the new lease accounting standard ASC 842 and also used to keep track of our real estate leases and also copier …
Overview
What is Visual Lease?
Visual Lease is a Lease Management Software that provides robust lease accounting functionality with a depth of lease administration functionality to properly manage a company's lease portfolio.
Recent Reviews
Pricing
N/A
Unavailable
What is Visual Lease?
Visual Lease is a Lease Management Software that provides robust lease accounting functionality with a depth of lease administration functionality to properly manage a company's lease portfolio.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Would you like us to let the vendor know that you want pricing?
5 people also want pricing
Alternatives Pricing
What is Buildium?
Buildium is a cloud-based property management solution that enables managers of residential and association properties to take complete control of every aspect of their business, including the rent, vacancy and maintenance cycles. According to the vendor, Buildium streamlines management of the rent…
What is Yardi Breeze?
Yardi Breeze is a real estate property management software solution, from Yardi headquartered in Santa Barbara. The solution is designed to enable users to administer all elements of managing commercial, residential, multi-family / low income, and association properties, and also includes features…
Product Details
- About
- Competitors
- Tech Details
What is Visual Lease?
Visual Lease is a Lease Management Software that provides robust lease accounting functionality with a depth of lease administration functionality to properly manage a company's lease portfolio.
Visual Lease Video
Visual Lease Competitors
- AppFolio Property Manager
- LeaseQuery
- Lease Accelerator
Visual Lease Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Comparisons
Compare with
Reviews and Ratings
(9)Attribute Ratings
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
July 26, 2021
Maybe not this time
It was used to address the new lease accounting standard ASC 842 and also used to keep track of our real estate leases and also copier leases. It was mainly used by our accounting and real estate teams. Our real estate team wanted to have a system that generates abstract reports, and Visual Lease has this feature.
- Generates abstract reports
- Allows us to include lessor's leases
- Fairly user friendly
- Journal entries look confusing and generate XXX as codes
- Customer service should show concerns. When asked about XXX as codes in journal entries, customer support brushed off our concern as it was a default.
- No API interface with Intacct
- We did not end up using the system too much because the lease accounting standard got postponed by FASB.
- Our real estate team did not use the system as they found it cumbersome. They still entered lease information into the system for accounting to have the information. They preferred to continue using Excel to track their leases.
We also evaluated Lease Accelerator and Lease Query. We didn't go with Lease Accelerator because it didn't have lessor leases. We did not go with Lease Query because they did not have abstract reports.
July 26, 2021
Visual Lease helped all our needs!
We are currently using Virtual Lease to organize our entire organization's lease programs so they are accessible to everyone who may need them. This helps with efficiency while trying to track leases.
- Database of all leases.
- This helps to track leases easily organization wide.
- So far, this has worked out extremely well for our governmental environment.
- This has been extremely important in compiling all of the many leases that we have going on throughout different years and timelines.
July 23, 2021
Visual Lease [Review]
Visual Lease is being used to track all leases company wide.
The software is getting used only in the finance department at this present time, we have plans to reevaluate the uses of the software next year to determine if we need to expand to different departments[.]
Visual Lease provides a repository for all of our [leases], putting them in a central location, which provides visibility for all of our leases and allows us to better strategically plan our future and current leases[.]
The software is getting used only in the finance department at this present time, we have plans to reevaluate the uses of the software next year to determine if we need to expand to different departments[.]
Visual Lease provides a repository for all of our [leases], putting them in a central location, which provides visibility for all of our leases and allows us to better strategically plan our future and current leases[.]
- Easy to use platform
- Calculation of GASB 87/FASB 842 liabilities
- Integration into your ERP
- Provide more Reporting options
- Visibility
- Compliance