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ROU Asset
What it is
ROU Asset is a web-based lease accounting tool for lessee accounting under ASC 842 and US GAAP. It classifies leases, builds amortization schedules, drafts journal entries, and exports files for a general ledger. Finance and operating schedules include cent rounding and invariant checks. Uploading a signed lease PDF lets Claude extract terms, rent steps, free months, options, and initial costs for review. Users can modify, reassess, impair, terminate, abandon, or transition leases, with before-and-after values shown before changes are committed. Reports cover maturity analysis, lease costs and quantitative disclosures, liability and right-of-use roll-forwards, current and non-current splits, lease registers, and cash forecasts. Listed integrations include QuickBooks Online, Xero, NetSuite, Odoo, Sage Intacct, and Microsoft Dynamics 365, plus CSV and XLSX exports. Dashboard and daily email alerts cover notice deadlines, expirations, and upcoming payments. The free plan supports up to five leases. Pro starts at $99 a month or $999 a year, with unlimited leases and users for one organization. IFRS 16 is described as being on the roadmap.
For and against
For
- ASC 842 classification and accounting schedules
- AI extraction from signed lease PDFs
- Journal entries and disclosure reports
- Multiple accounting integrations and exports
- Dashboard and email deadline alerts
Against
- Free plan supports only five leases
- Pro starts at $99 a month
- IFRS 16 is only on the roadmap
- Listed platform is web only
The verdict
ROU Asset brings lease calculations, reporting, lifecycle changes, exports, and audit controls into one web tool. The five-lease free limit and ASC 842 focus are central considerations when choosing a plan.
Who it suits
ROU Asset suits organizations handling US GAAP ASC 842 lease accounting, disclosures, schedules, and journal entries. The free tier fits up to five leases; larger workloads require Pro.
Plans and prices
Free
Up to 5 leases · No credit card required · ASC 842 engine, AI extraction, CSV/XLSX export, six reports, dashboard, alerts, audit trail
Read 5 Oct 2026 · rouasset.com
Pro Monthly
Unlimited leases and users · One organization · Cancel anytime · No per-seat or per-lease charges
Read 5 Oct 2026 · rouasset.com
Pro Annual
Unlimited leases and users · One organization · No per-seat or per-lease charges
Read 5 Oct 2026 · rouasset.com
On the record
- Access and audit trail
- Organizations have server-enforced admin, accountant, and viewer roles; the maker says every change is logged and posted data cannot be quietly edited.rouasset.com · read 5 Oct 2026
- Accounting standard
- The product covers ASC 842 lessee accounting under US GAAP; IFRS 16 is described as being on the roadmap.rouasset.com · read 5 Oct 2026
- AI extraction
- Uploading a signed lease PDF lets Claude extract terms, rent steps, free months, options, and initial costs to prefill the lease form for review.rouasset.com · read 5 Oct 2026
- Alerts
- Renewal and termination notice deadlines, expirations, and upcoming payments appear on the dashboard and in a daily email digest.rouasset.com · read 5 Oct 2026
- Cancellation
- Pro can be canceled from the Stripe billing portal under Settings → Billing, with access continuing through the paid period.rouasset.com · read 5 Oct 2026
- Classification and schedules
- The product provides five-test ASC 842 classification and finance and operating schedules with cent rounding and invariant checks.rouasset.com · read 5 Oct 2026
- Custom exports
- Pro includes a custom export template builder with reorderable columns, a field catalog, constants, template strings, amount modes, and batch preview.rouasset.com · read 5 Oct 2026
- Free tier limit
- The free plan supports up to five leases, and the maker says users can upgrade when they need more.rouasset.com · read 5 Oct 2026
- Integrations and exports
- The site lists QuickBooks Online, Xero, NetSuite, Odoo, Sage Intacct, and Microsoft Dynamics 365, plus generic CSV and XLSX exports.rouasset.com · read 5 Oct 2026
- Lifecycle events
- Users can modify, reassess, impair, partially or fully terminate, abandon, or transition an existing lease, with before-and-after values shown before committing.rouasset.com · read 5 Oct 2026
- Purpose
- ROU Asset handles ASC 842 lessee accounting by classifying leases, building amortization schedules, drafting journal entries, and exporting files for a general ledger.rouasset.com · read 5 Oct 2026
- Reports
- Reports include maturity analysis, lease-cost and quantitative disclosures, liability and ROU roll-forwards, current/non-current split, lease register, and cash forecast.rouasset.com · read 5 Oct 2026
