--- description: Review of UGAAP Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice New Zealand. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: UGAAP | Reviews, Pricing & Demos - SoftwareAdvice NZ --- Breadcrumb: [Home](/) > [Lease Accounting Software](/directory/3971/lease-accounting/software) > [UGAAP](/software/149782/ugaap) # UGAAP Canonical: https://www.softwareadvice.co.nz/software/149782/ugaap Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.nz/software/149782/ugaap?page=2) > UGAAP provides a lease accounting solution under the new standards. Key features include journal entries, disclosure reports, multi-currency (including historical rate and functional currency treatment), implicit rate calculation, lease classification test, transitional functions, audit trail, segregation of duties, and visual overview charts. UGAAP includes journal entries for the entire life cycles of leases, covering commencement, interim, modification and termination. Accounting is available for lessees and lessors with interest rates implicit in the lease calculation. UGAAP includes a lease classification test at the commencement as well as at modifications and reassessments. Users can search the system by keywords, and all data is automatically validated. The system is available with an annual license, and support is offered by a dedicated team. > > Verdict: Rated **4.3/5** by 10 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.3/5** | 10 Reviews | | Ease of Use | 4.6/5 | Based on overall reviews | | Customer Support | 5.0/5 | Based on overall reviews | | Value for Money | 4.8/5 | Based on overall reviews | | Features | 4.4/5 | Based on overall reviews | | Recommendation percentage | 90% | (9/10 Likelihood to recommend) | ## About the vendor - **Company**: UGAAP - **Location**: Austin, US - **Founded**: 2016 ## Commercial Context - **Starting Price**: US$4,800.00 - **Pricing model**: Per Feature (Free Trial) - **Pricing Details**: 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. - **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Windows (On-Premise), Linux (On-Premise) - **Supported Languages**: English - **Available Countries**: Canada, United States ## Features - Accounting - Activity Dashboard - Alerts/Escalation - Amortisation Schedule - Asset Lifecycle Management - Audit Management - Audit Trail - Budgeting/Forecasting - Capitalisation Reporting - Cash Flow Management - Compliance Management - Critical Date Alerts - Customisable Reports - Data Import/Export - Document Management - Expense Tracking - Financial Analysis - For Equipment Leases - For Real Estate - Forecasting ## Support Options - Email/Help Desk - FAQs/Forum - Phone Support - Chat ## Category - [Lease Accounting Software](https://www.softwareadvice.co.nz/directory/3971/lease-accounting/software) ## Alternatives 1. [LOIS](https://www.softwareadvice.co.nz/software/521919/LOIS) — 4.7/5 (18 reviews) 2. [LeaseQuery](https://www.softwareadvice.co.nz/software/431627/leasequery-pm) — 4.7/5 (90 reviews) 3. [Spacebase](https://www.softwareadvice.co.nz/software/83700/spacebase-lease-management) — 4.8/5 (37 reviews) 4. [DebtBook](https://www.softwareadvice.co.nz/software/267529/debtbook) — 4.9/5 (16 reviews) 5. [Innago](https://www.softwareadvice.co.nz/software/39547/innago) — 4.9/5 (512 reviews) ## Reviews ### "Big bang for the bucks" — 4.0/5 > **Verified Reviewer** | *29 October 2019* | Electrical/Electronic Manufacturing | Recommendation rating: 9.0/10 > > **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. > > 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. ----- ### "Very easy to use and understand" — 4.0/5 > **LeAnn** | *5 October 2021* | Higher Education | Recommendation rating: 9.0/10 > > **Pros**: It's so easy you think you're doing it wrong. Straight forward, click and enter. Good interface. Designed specifically for GAAP compliance. Audit and footnote ready reports. > > **Cons**: Integration is ok, but manual process. > > Overall, I'm happy with UGAAP software and would recommend to anyone looking for lease accounting solution. We are still in the process of implementation so haven't fully utilized everything. We haven't been through a full year, so year-end reporting is unknown at this time. ----- ### "Using UGAAP to Transition" — 3.0/5 > **Justin** | *25 October 2021* | Transportation/Trucking/Railroad | Recommendation rating: 8.0/10 > > **Pros**: UGAAP is very user friendly. All the information about a lease is in one place, there is no navigating to different tabs. Everything is labeled very clearly, and most items have a brief description. The integration process was very easy, \[SENSITIVE CONTENT\] from UGAAP was very helpful throughout the whole process and was available to discuss any issues or questions we had. > > **Cons**: Overall we are very happy with UGGAP, any issues we have we can take them to UGAAP and they have been able to assist us. By either creating new fields or helping us with workarounds for our issue. Their customer support is amazing. ----- ### "UGAAP Lease Accounting Software Review" — 5.0/5 > **Verified Reviewer** | *6 June 2019* | Banking | Recommendation rating: 10.0/10 > > **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. ----- ### "Has Saved Me Lots of Time" — 4.0/5 > **Tina** | *13 July 2020* | Government Administration | Recommendation rating: 10.0/10 > > **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. > > 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. ----- Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.nz/software/149782/ugaap?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.nz/software/149782/ugaap) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data