​     TRULEASES

Rapid development Lessor & lessee 

​accounting for all size transactions, portfolios

​and types of leases.

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​Dozens of customizable hardcopy & screen reports with many options provide for infinite combinations

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​Report summaries  for selected terms and  selected transactions types

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Hundreds of example templates.

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​Complete  automated customizable lessor & lessee journal entry creation

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Termination entry creation

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 Entire term combined & individual deal analysis with separable integrated yield analysis

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 Save time & money...set up once and use it every year

 Our goal in  developing TRULEASES was to create an inexpensive and easily accessible tool for dealing with SARS 842. We targeted  small to medium size leasing , consulting and CPA firms as a more natural fit for product versatility. We offer maximum versatility in  structuring transactions and speed in dealing with deal development. If you are a CPA looking for a way to deal with many clients' lease portfolios, Truleases can give you a step up.


For the first time, software is required to meet the needs of the lessor and the lessee  too. TRULESES meets those needs providing for reciprocal (mirrored) or independent accounting as between the lessor and lessee. Numerous reports complete with final journal  entry preparation and printouts are available. Analyzing, structuring, booking and presenting transaction accounting takes 15 to 20 minutes. See our tutorial page. There are plenty of audit  trails and reports optionally created  for support and backup. A clear link between pricing and accounting is inherent in  the design though  easily separated  for reporting and operating purposes.


The system offers many unique capabilities such as simultaneous lessee and lessor reporting, variable multi period or partial term reporting, fully automated group, lease type and term related journal entries for both lessor or lessee as well as early termination entries.


A completely integrated pricing and yield analysis section can be bypassed for  accounting functions.  A rapid learning curve is permitted by employing EXCELstrictly as a database (see our comments under SUPPORT). This makes getting up and running quick and easy. Interfacing with other systems is easily done from an EXCEL database system providing EXCEL journal entries and reports.


A complete and comprehensive users manual  is provided covering all the areas the system deals with. The screen interface is designed to be the fast  once the screen layouts are mastered.  The users should have some background in financial accounting, but it is not required. 


The system does not attempt to tell the company how classification of a transaction should be made. The terms of the contract and the chosen classification OR CASTING is strictly the purview of the users. Once the classification is decided on, the system allows for myriad structuring and profit scenarios under that classification. See our SUPPORT PAGES for more details.


​Truleases does all size transactions from small auto leases to multi trillion dollar big ticket equipment or real estate leases with monthly compounding terms of over 100 years. It can handle governmental budgeting.  Payments can be set up in various periodicities. The use of templates makes high volume transaction production quick and easy. Accuracy into the trillions is designed into all the reports and computations.


The system does finance, operating and sales types leasing with options for custom structuring and deferred income and expenses as well as unlimited step up or step down payment set combinations. Once-structured deals can be repeatedly used as template starting  points and modified for accounting records repeatedly.  Yield analysis and  reporting on legacy leveraged leases different yield analysis approaches along with potential multiple yield issues are clearly reported. 


Truleases is a fully compiled executable file  (exc) and is maintenance free. It IS designed to run on a single user desktop under the Windows 10 operating systems . It is written in Visual Basic  using current VBA libraries  (see discussion in support) which are still indirectly fully supported  & UPDATED BY Microsoft. It will run under pre Windows 10 operating systems. We will only support systems running under Windows 10.


Truleases generates control account entries for lease related  accounting. The control accounts envision interfacing with any other accounting systems such as existing software using a separate general ledger, accounts receivable, and accounts payable control  accounts. The portfolio features make it attractive for companies engaged in portfolio acquisitions, and big-picture yield analysis.


​The ability to deal comprehensively and quickly with any type of financial transaction is the software's prominent  strength. It's speedy and versatile deal development capabilities are considerable. Truleases can do more than large company systems in most cases. Compare and see!


Installation requires  a PC running Windows 10 and can be installed in minutes. A version of Microsoft Office is required to provide a licensed  EXCEL package to be used as a database.