16Leases

16Leases calculates lease liabilities and right-of-use asset costs under IFRS 16 from lease information. After users enter lease details and adjustments, the software computes results and provides payment schedules. Supported adjustments include purchase options, lease incentives, termination penalties, residual value guarantees, initial direct costs, and dismantling or restoration costs. Premium and Enterprise users can customize schedules manually. Users can export leases to Excel or share them by email with another 16Leases account, and manage leases separately across multiple companies. The software supports journal entries and is available on iOS, Linux, macOS, self-hosted environments, the web, and Windows. Its Free plan is a one-user trial account at no cost. The 30-day trial does not allow lease document attachments. Premium is for one user and Enterprise supports unlimited users; both prices are available on request. The maker identifies accounting professionals, finance managers, businesses, and accounting firms serving clients as intended users.

16Leases combines IFRS 16 calculations, payment schedules, journal entries, and multi-company lease management. Check plan pricing and the trial's document-attachment limit before choosing it.

It suits accounting professionals and finance teams that need to calculate IFRS 16 lease results. Accounting firms serving clients and businesses managing leases across multiple companies may also find its multi-company support useful.

16Leases is lease-accounting software for organizations applying IFRS 16. It is best suited to accounting professionals and firms managing leases for several companies. Its accounting adjustments and journal entries support a focused workflow, though document attachments are unavailable during the trial and paid plans have custom pricing.

Overview

Enter lease information and adjustments, and 16Leases automatically calculates lease results and provides payment schedules. Journal entries and multi-company lease management make it more relevant to accounting teams than to businesses seeking general-purpose contract storage.

Users can export leases to Excel or share them by email with another 16Leases account holder. Those options serve spreadsheet work and basic collaboration, but the product pages describe no third-party software integrations.

Key features

IFRS 16 calculations and adjustments

The software calculates lease liabilities and right-of-use asset costs. Supported adjustments include residual value guarantees, termination penalties, purchase options, lease incentives, initial direct costs, and dismantling or restoration costs. This range helps accounting teams reflect costs and obligations beyond regular lease payments.

Schedules and company management

Payment schedules are provided, with manual customization available on Premium and Enterprise. That distinction matters when standard schedules are insufficient: users who need to change them must choose a paid plan. Multi-company support separates leases across companies, a useful capability for accounting firms and finance teams with more than one entity to manage.

Security, backups, and support

The maker says sign-in uses an emailed token as a second factor, with token delivery using SHA-1 encryption, and that user data is backed up on Microsoft Azure. Technical support is available by phone, email, and remote access from 11 am to 6 pm IST, Monday through Friday.

Pricing

16Leases is paid software with a 30-day trial. The Free plan is free and is described as a trial account for one user. The trial does not allow lease document attachments, so it cannot demonstrate that part of the workflow before purchase.

Premium has custom pricing and one user; it adds lease editing and customized payment schedules. It is the more suitable paid tier for an individual who needs to revise leases or schedules. Enterprise also has custom pricing, includes unlimited users, and provides lease editing and customized schedules. It fits teams that need shared access, though the price must be confirmed before budgeting. The Free plan's one-user cap and trial-account status make it a limited evaluation option rather than a substitute for those paid capabilities.

Platforms

16Leases supports iOS, Linux, macOS, self-hosted deployment, web, and Windows. This mix gives organizations several ways to access or deploy the software.

Who it's for

The maker describes the product for chartered and certified public accountants, finance managers, accountants, businesses, and accounting firms serving clients. It is a strong fit for teams that need IFRS 16 calculations, adjustment handling, journal entries, and lease separation across multiple companies. Organizations requiring document attachments during evaluation, published plan costs, or named integrations with other software should weigh those limitations carefully.

Pros and cons

• Pros: IFRS 16 calculations cover both lease liabilities and right-of-use asset costs, with a broad set of supported accounting adjustments.
• Pros: Multi-company management, journal entries, and Excel export support accounting workflows and spreadsheet handoffs.
• Pros: Enterprise allows unlimited users and offers customized schedules and lease editing.
• Cons: The 30-day trial excludes document attachments, leaving a meaningful workflow feature out of the evaluation.
• Cons: Premium and Enterprise pricing is custom, so teams cannot compare their costs from the plan prices alone.
• Cons: Email sharing requires the recipient to have a 16Leases account, and no third-party integrations are described.

Alternatives

Consider Lease Accounting Software to compare the category. Infor Public Sector is another paid option with pricing available by contacting Infor. Planon is worth considering if you want a paid product with a free trial. SAP Business One uses quote-based pricing tied to business requirements. Acumatica Accounts Payable offers custom pricing based on applications, expected usage, resource requirements, and deployment preferences, with unlimited users. Acumatica Financial Management likewise tailors pricing to applications, usage, resources, and deployment, and provides unlimited user access. IRIS Star Practice Management is a modular accounting-firm solution with pricing by inquiry. Oracle JD Edwards EnterpriseOne offers separate foundation, financials, and inventory management plans with prices not listed. Occupier has a Basic plan requiring at least 20 leases, with unlimited users and additional leases priced per lease.

Verdict

16Leases is a sensible choice for accounting professionals and firms that need IFRS 16 calculations, varied adjustments, journal entries, and multi-company lease management in one focused tool. Its clearest reasons to look elsewhere are the trial's attachment restriction and the lack of published paid-plan prices.