ASC 842
on autopilot
Upload a lease PDF and get amortization schedules, journal entries, and disclosures in under 5 minutes per lease.
Built by a CPA. For controllers and finance teams who need ASC 842 right the first time.
The spreadsheet way
With Lease Monster
Hand-built in Excel, lease by lease
One PDF upload
Errors hide in the formulas
Source-quoted, auditable
Amendments mean rebuilding from scratch
Modifications recalculate
4 hours per lease
Under 5 minutes per lease
Under 5 min
From PDF to ASC 842 schedule.
100%
of extracted fields linked to a source quote.
0
spreadsheets to maintain.
How It Works
Commencement
Jan 1, 2024
End date
Dec 31, 2028
Monthly payment
$4,250.00
Upload
Drop in a lease PDF.
We read it.
We pull commencement date, payment schedule, incentives, and prepaid rent, with a source quote for every field.
What you get: Every key detail extracted, with the source quote attached.
Commencement date
January 1, 2024
“…lease commences on January 1, 2024…”
Discount rate
5.50%
“…incremental borrowing rate of 5.5%…”
Monthly payment
$4,250.00
“…base rent of $4,250 per month…”
Review
Confirm every detail, with the source in view.
Walk through extracted fields side-by-side with the original PDF. Edit anything, accept the rest. Nothing is hidden.
What you get: Each confirmed value links back to its source quote in the PDF.
| Period | Date | Payment | Interest | Reduction | Liability |
|---|---|---|---|---|---|
| 1 | Feb 2024 | 4,250.00 | 1,050.21 | 3,199.79 | 225,800.21 |
| 2 | Mar 2024 | 4,250.00 | 1,035.55 | 3,214.45 | 222,585.76 |
| 3 | Apr 2024 | 4,250.00 | 1,020.81 | 3,229.19 | 219,356.57 |
| 4 | May 2024 | 4,250.00 | 1,005.99 | 3,244.01 | 216,112.56 |
| 5 | Jun 2024 | 4,250.00 | 991.10 | 3,258.90 | 212,853.66 |
| 6 | Jul 2024 | 4,250.00 | 976.13 | 3,273.87 | 209,579.79 |
Schedule
Automatic ASC 842 amortization.
The full schedule (interest, principal, ROU asset, lease liability), rebuilt instantly any time a value changes.
What you get: A full ASC 842 schedule, recalculated in seconds when values change.
Period 1 · Feb 2024
Operating lease expense
| Account | DR | CR |
|---|---|---|
| Lease Expense | 4,250.00 | |
| ROU Asset | 3,199.79 | |
| Lease Liability | 1,050.21 |
Period 2 · Mar 2024
Operating lease expense
| Account | DR | CR |
|---|---|---|
| Lease Expense | 4,250.00 | |
| ROU Asset | 3,214.45 | |
| Lease Liability | 1,035.55 |
Period 3 · Apr 2024
Operating lease expense
| Account | DR | CR |
|---|---|---|
| Lease Expense | 4,250.00 | |
| ROU Asset | 3,229.19 | |
| Lease Liability | 1,020.81 |
Journal entries
Journal entries, ready to record.
Debit/credit pairs for monthly close, formatted for your GL. Export to Excel when you're ready.
What you get: Copy-paste DR/CR pairs for monthly close. No formula errors.
HQ Office
San Francisco
Warehouse
Reno, NV
Studio
Brooklyn
Lab
Cambridge
Showroom
Austin
Storage
Phoenix
Minimum lease payments
by year
Portfolio
Audit-ready disclosures.
Lease summary, maturity schedule, weighted-average lease term, and discount rate. Across every lease, ready for the auditor.
What you get: Rolled-up disclosures across every lease. No separate workbook.
Stop building lease schedules in Excel.
Try Lease Monster on your next lease, for free.
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