Lease Harbor offers a cost-effective, simple-to-use, and robust lease accounting and administration tool for corporate real estate divisions. The vendor presents quality software backed by excellent customer service which has helped them become a leading player in the lease accounting and administration software market. Plus, the provider continuously enhances their solution with new features to maintain its high quality.
Lease Harbor’s application is used by over 850 client companies. The firm was founded by Sean Black and Scott Williams who are experts at developing and supporting online software for the real estate sector. This vendor hires top-grade software engineers with mathematics and computer science backgrounds to build a talented team.
Lease Harbor’s lease accounting platform offers support for all types of assets and all fiscal calendars.
It documents company specific lease evaluation procedures with unlimited configurable tasks, types, and templates, each with limitless custom fields.
The software separates duties for lease accounting, lease administration, and lease transaction management tasks with granular security groups.
It is built to avoid disruption of the existing lease administration procedure while preserving accounting control of all changes to data to record and manage the impact of accrual basis accounting exclusively via open fiscal periods.
Lease Harbor offers a strong subsidiary ledger that backs the general ledger and carries right of use assets and amounts of lease liabilities.
It offers income statement methods for both front-loaded and straight-line lease classification models.
The program offers unlimited lease accounting situations for each lease expense for reporting on one lease across several jurisdictions.
It also presents unlimited pro-forma situations for preliminary lease valuation and analysis of transaction management.
The product facilitates bulk data uploads, updates, and inputs, including capitalization parameters.
It provides support for difficult lease attributes like non-standard lease intervals (for example English Quarters), prorated beginning and/or ending periods, mid-month rent bumps, and others.
Lease Harbor provides present-value discount computation options by monthly or the actual lease payment frequency.
It offers right of use amortization cost computed monthly.
The system generates journal entries by fiscal period of all leases, irrespective of chosen discount period or payment frequency, for the timely and accurate accrual of non-monthly leases (quarterly, semi-annual, annual).
It also produces original and adapting journal entries for all situations, and subsequent alterations to underlying leases and scenarios.
The software offers journal entries designed to client specification for effortless upload into general ledger.
It facilitates fully allocated, extensive journal entry batching across the enterprise with compatible file formats for all leading general ledger platform upload specifications.
Lease Harbor presents powerful searching and reporting with summary and detail levels.
Lastly, it enables footnote disclosure reporting.
$300 /month - Base Fee
$100 /month - Portfolio Fee (each portfolio)
$1.00 /month - Non-archived to 2500
$0.25 /month - Non-archived beyond 2500
$0.10 /month - Archived
$1,000 - One-time Initial Setup Fee
Includes three hours of portfolio setup, and four hours of phone training for up to 10 users each session.
Per portfolio, plus $0.80 per non-archived record to 2500 utilizing Batching Functionality, $0.20 per non-archived record beyond 2500 utilizing Batching Functionality
Plus $0.40 per non-archived scenario, $0.10 per archived scenario
Per non-archived record utilizing Enhanced Financial Functionality
Training, Portfolio Configuration
Custom Reporting, System Programming, Data Conversion
Accounting Consulting, Project Management, General Project Consulting
Month-To-Month Charge: 20% of total fees in each month during any month to month agreement term.
FeaturedCustomers has 1,906,842+ validated customer references
including reviews, case studies, success stories, customer stories,
testimonials and customer videos that will help you make better
software purchasing decisions.
