About UGAAP

UGAAP is a lease accounting software for lessees and/or lessors that helps businesses streamline processes related to disclosure reports, journal entries, amortization schedules, cash flow forecasting, classification tests, auditing, and more. It enables employees to create journal entries for the entire lease lifecycle, from commencement to modification and termination.

UGAAP customers can elect either cloud-based or on-premises version, which allows team members to collaborate on projects, share files, and export reports in multiple file formats, including Excel and PDF. The management accounting functions assists management in budgeting, and generating "lease versus buy" reports. Administrators can set up multiple currencies and maintain a database of historic exchange rates for ROU assets and amortization processes. The lease admin module allows users to create multiple segments, divisions, subsidiaries, and branches and automatically generate custom folders to store exported reports.

UGAAP's navigation tools let employees conduct keyword searches, validate data, and filter reports based on predefined fields. Managers can use the financial reporting functionality to generate summary, maturity analysis, discount rates, and subsidiary reports.

Key benefits of UGAAP

- Technical Accounting Excellence
- Cloud-base (SaaS) or On-Premises available
- Serves both Lessees and/or Lessors
- ASC 842, GASB 87, IFRS 16, or multiple standards
- Large multi-national entities or small businesses

Devices

Business size

S M L

Markets

United States, Canada

Supported Languages

English

Images

UGAAP lease details
UGAAP analytics
UGAAP maturity analysis
UGAAP export table
UGAAP disclosures
View 6 more
UGAAP video
UGAAP screenshot: UGAAP lease details UGAAP screenshot: UGAAP analytics UGAAP screenshot: UGAAP maturity analysis UGAAP screenshot: UGAAP export table UGAAP screenshot: UGAAP disclosures

Features

Total features of UGAAP: 38

  • Access Control
  • Accounting Management
  • Activity Dashboard
  • Alerts / Escalation
  • Analytics
  • Asset Management
  • Audit Trail
  • Auditing
  • Budgeting
  • Cash Flow Management
  • Categorization
  • Charting
  • Collaboration Tools
  • Compliance Management
  • Custom Charts
  • Customizable Categories
  • Customizable Reporting
  • Data Filtering
  • Data Import
  • Data Import/Export
  • Email Alerts
  • Expense Tracking
  • Filtered Views
  • Financial Analysis
  • Forecasting
  • Full Text Search
  • Multi-Currency
  • Multi-Language
  • Permission Management
  • Portfolio Management
  • Predictive Analytics
  • Reporting & Statistics
  • Role-Based Permissions
  • Scheduling
  • Search Functionality
  • Summary Reports
  • Transaction History
  • Visual Analytics

Alternatives

ZenTreasury Lease Accounting Software

5
#1 Alternative to UGAAP
ZenTreasury Lease Accounting Software is a cloud-based solution designed to help businesses manage financial payments,...

MRI Horizon CRE

0
#2 Alternative to UGAAP
MRI Horizon CRE is a lease accounting and management platform for property occupiers that lease multiple spaces....

Xero

4,3
#3 Alternative to UGAAP
Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation,...

Nakisa Lease Administration

3,6
#4 Alternative to UGAAP
Nakisa Lease Administration is an end-to-end lease accounting solution for ASC 842 & IFRS 16 compliance. The platform...

Reviews

Overall rating

4,7 /5
(7)
Value for Money
5/5
Features
4,7/5
Ease of Use
4,9/5
Customer Support
5/5

Already have UGAAP?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Write a Review!
Showing 5 reviews of 7
Verified Reviewer
Overall rating
  • Industry: Banking
  • Company size: 1 001-5 000 Employees
  • Used Other for Free Trial
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

UGAAP Lease Accounting Software Review

Reviewed on 2019/06/06

Pros

We did demos with a number of providers of lease accounting software, UGAAP is by far the most efficient software there is. This is a software dedicated to accounting and reporting. They have CPA firms as their clients. We did not want to mess with the unnecessary property management type of work. We just wanted the software for GAAP compliance. And this is exactly what we need. Their staff is professional and experienced in implementation, and has been really helpful. Lease accounting has been touted as a hot anxiety point for so many years. Some provider has to figure out something elegant to streamline the process, the calculation and presentation. We think this one foots the bill really well.

Cons

So far I have not found any yet, we would like to get more users to test the software so we can get a feel on it s performance.

Tina D.
Overall rating
  • Industry: Government Administration
  • Company size: 11-50 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Has Saved Me Lots of Time

Reviewed on 2020/07/13

Manually calculating the amortization tables for 60+ leases and manually figuring out their journal...

Manually calculating the amortization tables for 60+ leases and manually figuring out their journal entries monthly would have taken days. UGAAP enables me to get the journal entry completed in about 15 minutes.

Pros

This software takes away the headache of trying to calculate, track, and record GASB 87 lease transactions. Once the lease is entered, UGAAP calculates the amortization tables, and all I have to do monthly is print the journal entry details, summarize them, and post them into my GL.

Cons

I am not familiar with Access databases, so it took me a bit to figure out some tricks. UGAAP tech support was very helpful when I had questions.

Verified Reviewer
Overall rating
  • Industry: Electrical/Electronic Manufacturing
  • Company size: 5 001-10 000 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Big bang for the bucks

Reviewed on 2019/10/29

We use this software to tackle the necessary evil of having to comply with the new lease accounting...

We use this software to tackle the necessary evil of having to comply with the new lease accounting standard. We are able to use the help of UGAAP to achieve what we were hoping to do. We knew from the demo this would work because they use our actual leases in the demo.

Pros

Meet the compliance needs if that's all you care about. Easy to use after a little bit of training. The intuitive and direct approach in lease modifications. Strong technical accounting. Good for accountants and financial reporting professionals. Willing to customize for our special requests. One-time fee for a permanent license, not bad at all.

Cons

Needs a bit of training to get around. Light in lease administration features, so this is probably not a piece of software for the property department if that's the focus, though it does have interesting expiration alert and lease vs buy analysis functions.

Verified Reviewer
Overall rating
  • Industry: Accounting
  • Company size: 10 000+ Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Easy to use and low cost

Reviewed on 2019/05/11

Pros

A few of our clients use USGAAP lease accounting software. It is a quick and dirty tool that gets the job done. The ASC 842 adoption date amortization schedules, journal entries, and SAB 74 reports are surprisingly easy to generate. It is apparent their software is designed by someone with years of GAAP experiences in research and in practice. The tool provides tips for users as they use it. I can see accounting firms use USGAAP software to manage client lease portfolio, or even as part of lease accounting audit tool. It is always good a complex accounting area made so easy by a tool like that.

Cons

Nothing to mention at this point of time.

Irene Y.
Overall rating
  • Industry: Oil & Energy
  • Company size: 10 000+ Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Easy to use and low cost

Reviewed on 2019/05/01

Fantastic, stress free, no annual subscription fees.

Fantastic, stress free, no annual subscription fees.

Pros

UGAAP software provides straightforward accounting deliverables in an easy to follow way. Disclosure reports and journal entries meticulously complies with the Codification. Calculation tool for implicit rate is fantastic. The implementation was quick and mostly stress free. We also like the fact that there's no annual subscription fees. It makes our lease accounting a much simpler task than it could have been.

Cons

Nothing I can mention at this moment.

Response from UGAAP

Thank you for the positive comment. We are pleased to provide value for easy accounting compliance.

Showing 5 reviews of 7 Read all reviews

UGAAP FAQs

Below are some frequently asked questions for UGAAP.

UGAAP offers the following pricing plans:

  • Starting from: US$3 600,00
  • Pricing model: One Time License, Subscription
  • Free Trial: Available

UGAAP is available as an on-premise or cloud-based solution. The on-premises solution is available for a one-time purchase price starting at $3,600. Contact UGAAP for cloud subscription options.

UGAAP offers the following features:

  • Asset Management
  • Compliance Management
  • Expense Tracking
  • Portfolio Management

UGAAP has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

UGAAP supports the following languages:

English

We do not have any information about what devices UGAAP supports

We do not have any information about what integrations UGAAP has

UGAAP offers the following support options:

Phone Support, Online Support, FAQs

Related categories

See all software categories found for UGAAP.