ASC 842 lessee accounting, with AI lease extraction

Lease accounting without the spreadsheet

Add a lease and ROU Asset works out the ASC 842 classification, builds the amortization schedule, and drafts the journal entries. When it's time to close, you export a file that drops straight into your GL. The numbers tie to the cent, and you can see where each one came from.

app.rouasset.com/dashboard
Total lease liability
$3,914,207
Total ROU (net)
$3,602,880
Active leases
18
Cash due — 30 days
$142,650
Locations
Austin HQ6 leases
Austin, TX
Liability$1,204,880
Denver Yard3 leases
Denver, CO
Liability$612,410
Chicago Loop5 leases
Chicago, IL
Liability$988,120
Monthly lease cost
Trailing 12 mo$118,204 / mo

Exports drop straight into the GL you already run

The spreadsheet was never going to hold

You know the file. One tab per lease, a rate hard-coded in row 3, a rent step someone forgot to carry down. It works until a lease gets modified or an auditor asks how you got a number. ROU Asset keeps the whole calculation in one place and shows the trail from a journal line back to the lease that produced it.

  • Every row rounds to the cent, and the last period trues the liability to exactly zero
  • Entries come off the schedule, so nobody re-keys a debit at 9pm on close day
  • Modify, terminate, or impair a lease and the forward schedule regenerates on its own
  • Roll-forward reports carry a reconciliation column that reads 0.00 — or it won't post
Live measurement
ClassificationFinance
Lease liability$519,238.22
ROU asset$519,238.22
Periodic rate0.4868%
Reconciliation diff$0.00

A look inside

The parts of a close you actually spend time on, and what they look like here.

Schedules

Amortization that ties, every period

Finance or operating, the engine builds the schedule and checks its own invariants: straight-line expense equals total payments, the ROU lands at zero, and the liability retires to the cent. You can watch the classification and first-year rows update as you enter terms.

  • Five-test ASC 842 classification
  • Cents rounding with a final-row true-up
  • Superseded rows kept for the audit trail
app.rouasset.com/leases/downtown-office
Downtown Office — Schedule
Finance · 60 periods · 6.00% IBR
ties to 0.00
#PeriodPaymentInterestPrincipalLiability
1Feb 202610,000.002,528.447,471.56511,766.66
2Mar 202610,000.002,492.077,507.93504,258.73
3Apr 202610,000.002,455.517,544.49496,714.24
4May 202610,000.002,418.787,581.22489,133.02
5Jun 202610,000.002,381.867,618.14481,514.88
6Jul 202610,000.002,344.767,655.24473,859.64
Entries & export

Draft the entries, then hand your GL a clean file

ROU Asset generates balanced entries for each due period. Approve them, pick a format, and export. Built-in layouts cover QuickBooks, Xero, NetSuite, and Odoo, or you can design a template column by column to match whatever your ERP's import expects.

  • Balanced entries generated per period
  • QuickBooks, Xero, NetSuite, Odoo, CSV & XLSX
  • Custom template builder with live preview
app.rouasset.com/entries
February 2026
Odoo (Journal Items)Export batch
AccountDebitCredit
Interest Expense2,528.44
Lease Liability7,471.56
Lease Clearing10,000.00
ROU Amortization Exp.8,653.97
Accum. Amort. — ROU8,653.97
Balanced18,653.9718,653.97

What you get

One system from onboarding through disclosure, built for the person who signs off on the numbers.

AI lease extraction

Upload the signed PDF and Claude reads out the term, rent steps, free months, options, and initial costs to pre-fill the form. You review each step; the PDF is filed under the lease.

Classification & schedules

The five-test classification, plus finance and operating schedules with real cents rounding and invariant checks. If the numbers don't tie, it won't let you post them.

Entries & GL export

Balanced entries per period, an approval step, and export to QuickBooks, Xero, NetSuite, Odoo, or a layout you build yourself.

Lifecycle events

Modify, reassess, impair, partially or fully terminate, abandon, or onboard a lease that's already years in. Each shows the before/after before you commit.

Reports & disclosures

Maturity analysis, lease-cost and quantitative disclosures, liability and ROU roll-forwards, the current/non-current split, register, and cash forecast.

Portfolio dashboard

KPIs, a map of your locations, a critical-dates feed for renewal and notice deadlines, upcoming payments, and a trailing lease-cost trend.

Custom export templates

A drag-to-reorder column designer with a field catalog, constants, template strings, and amount modes. Preview against a real batch before you save it.

Roles & audit trail

Organizations with admin, accountant, and viewer roles enforced on the server. Every change is logged, and posted data can't be quietly edited.

Alerts & digests

Renewal and termination notice deadlines, expirations, and upcoming payments, surfaced on the dashboard and in a daily email digest.

Lease in, journal entry out

1

Add the lease

Work through the guided form or upload the PDF and let AI fill it in. ROU Asset classifies it and shows the liability, ROU, and first year as you go.

2

Generate & approve

The entries center drafts balanced entries for the periods that are due. Check them by account, approve, and they're ready.

3

Export to your GL

Pick a period and a format. The file ties back to the maturity report to the penny, so reconciliation is a non-event.

Works with your accounting system

Keep your GL. ROU Asset does the ASC 842 math and gives you an import file it understands.

One price, everything included

Unlimited leases, unlimited users. No per-lease fee, no per-seat fee, no sales call.

ROU Asset · Unlimited
7-day free trial
$99/ month

Free for 7 days, then $99 billed monthly. Cancel anytime.

  • Unlimited leases & users
  • ASC 842 classification, schedules & journal entries
  • AI lease-document extraction
  • GL export + custom template builder
  • Full lifecycle events (modify, terminate, impair, transition…)
  • Six ASC 842 reports (CSV / XLSX)
  • Locations dashboard with map & alerts

Card required. You won't be charged until the trial ends, and you can cancel anytime from Settings → Billing. Secure checkout by Stripe.

Start with a 7-day free trial. Add a card, use everything, and you're only charged if you stay past day 7. Cancel whenever from Settings → Billing.

Questions people ask

Which standard does ROU Asset cover?

ASC 842 lessee accounting under US GAAP. IFRS 16 is on the roadmap and the data model already reserves the standard field for it.

I'm three years into a lease. Can I still add it?

Yes. The transition wizard back-computes the schedule from commencement and takes the go-live balances, or you enter carryover balances directly. Historical rows are flagged pre-system so they report but never export.

How do exports actually work?

Pick a period and a format — QuickBooks, Xero, NetSuite, Odoo, generic CSV, or XLSX — or a custom template you build. Every file reconciles to the maturity report to the cent.

Is it really unlimited?

Yes. Unlimited leases and unlimited users on one organization for a flat price. No per-lease or per-seat charges.

Can I cancel?

Anytime, from the Stripe billing portal under Settings → Billing. You keep access through the end of the period you've paid for.

Close the books with the numbers already tied

Start adding leases today. The docs walk through every screen if you want to look before you sign up.

ROU Asset — ASC 842 Lease Accounting Software