ASC 842 · IFRS 16 · GASB 87

Lease accounting that computes itself.

Enter a lease and get the present value, right-of-use asset, lease liability, a full amortization schedule, the journal entries and the disclosures — instantly, and every number traced back to the standard. Built for accountants and for the AI agents that work alongside them.

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Reporting standard

CommencementTerm (months)

Payment amountFrequency

Payment timingDiscount rate (%)

Operating leaseASC 842 · 60 periods · commencing Jan 1, 2026

Initial lease liability

$253,982.94

PV of lease payments

Right-of-use asset

$253,982.94

At commencement

Total lease cost

$300,000.00

Over the full term

Straight-line cost

$5,000.00

Per period

#	Date	Payment	Interest	Principal	Liability	ROU amort.	ROU asset
1	Jan 1, 2026	$5,000.00	$1,452.40	$3,547.60	$250,435.34	$3,547.60	$250,435.34
2	Feb 1, 2026	$5,000.00	$1,431.71	$3,568.29	$246,867.05	$3,568.29	$246,867.05
3	Mar 1, 2026	$5,000.00	$1,410.89	$3,589.11	$243,277.94	$3,589.11	$243,277.94
4	Apr 1, 2026	$5,000.00	$1,389.95	$3,610.05	$239,667.89	$3,610.05	$239,667.89
5	May 1, 2026	$5,000.00	$1,368.90	$3,631.10	$236,036.79	$3,631.10	$236,036.79
6	Jun 1, 2026	$5,000.00	$1,347.72	$3,652.28	$232,384.51	$3,652.28	$232,384.51
7	Jul 1, 2026	$5,000.00	$1,326.41	$3,673.59	$228,710.92	$3,673.59	$228,710.92
8	Aug 1, 2026	$5,000.00	$1,304.98	$3,695.02	$225,015.90	$3,695.02	$225,015.90
9	Sep 1, 2026	$5,000.00	$1,283.42	$3,716.58	$221,299.32	$3,716.58	$221,299.32
10	Oct 1, 2026	$5,000.00	$1,261.75	$3,738.25	$217,561.07	$3,738.25	$217,561.07
11	Nov 1, 2026	$5,000.00	$1,239.94	$3,760.06	$213,801.01	$3,760.06	$213,801.01
12	Dec 1, 2026	$5,000.00	$1,218.00	$3,782.00	$210,019.01	$3,782.00	$210,019.01
13	Jan 1, 2027	$5,000.00	$1,195.95	$3,804.05	$206,214.96	$3,804.05	$206,214.96
14	Feb 1, 2027	$5,000.00	$1,173.75	$3,826.25	$202,388.71	$3,826.25	$202,388.71
15	Mar 1, 2027	$5,000.00	$1,151.44	$3,848.56	$198,540.15	$3,848.56	$198,540.15
16	Apr 1, 2027	$5,000.00	$1,128.98	$3,871.02	$194,669.13	$3,871.02	$194,669.13
17	May 1, 2027	$5,000.00	$1,106.40	$3,893.60	$190,775.53	$3,893.60	$190,775.53
18	Jun 1, 2027	$5,000.00	$1,083.69	$3,916.31	$186,859.22	$3,916.31	$186,859.22
19	Jul 1, 2027	$5,000.00	$1,060.85	$3,939.15	$182,920.07	$3,939.15	$182,920.07
20	Aug 1, 2027	$5,000.00	$1,037.87	$3,962.13	$178,957.94	$3,962.13	$178,957.94
21	Sep 1, 2027	$5,000.00	$1,014.75	$3,985.25	$174,972.69	$3,985.25	$174,972.69
22	Oct 1, 2027	$5,000.00	$991.51	$4,008.49	$170,964.20	$4,008.49	$170,964.20
23	Nov 1, 2027	$5,000.00	$968.12	$4,031.88	$166,932.32	$4,031.88	$166,932.32
24	Dec 1, 2027	$5,000.00	$944.61	$4,055.39	$162,876.93	$4,055.39	$162,876.93
25	Jan 1, 2028	$5,000.00	$920.95	$4,079.05	$158,797.88	$4,079.05	$158,797.88
26	Feb 1, 2028	$5,000.00	$897.15	$4,102.85	$154,695.03	$4,102.85	$154,695.03
27	Mar 1, 2028	$5,000.00	$873.22	$4,126.78	$150,568.25	$4,126.78	$150,568.25
28	Apr 1, 2028	$5,000.00	$849.15	$4,150.85	$146,417.40	$4,150.85	$146,417.40
29	May 1, 2028	$5,000.00	$824.93	$4,175.07	$142,242.33	$4,175.07	$142,242.33
30	Jun 1, 2028	$5,000.00	$800.58	$4,199.42	$138,042.91	$4,199.42	$138,042.91
31	Jul 1, 2028	$5,000.00	$776.09	$4,223.91	$133,819.00	$4,223.91	$133,819.00
32	Aug 1, 2028	$5,000.00	$751.44	$4,248.56	$129,570.44	$4,248.56	$129,570.44
33	Sep 1, 2028	$5,000.00	$726.66	$4,273.34	$125,297.10	$4,273.34	$125,297.10
34	Oct 1, 2028	$5,000.00	$701.74	$4,298.26	$120,998.84	$4,298.26	$120,998.84
35	Nov 1, 2028	$5,000.00	$676.66	$4,323.34	$116,675.50	$4,323.34	$116,675.50
36	Dec 1, 2028	$5,000.00	$651.44	$4,348.56	$112,326.94	$4,348.56	$112,326.94
37	Jan 1, 2029	$5,000.00	$626.07	$4,373.93	$107,953.01	$4,373.93	$107,953.01
38	Feb 1, 2029	$5,000.00	$600.56	$4,399.44	$103,553.57	$4,399.44	$103,553.57
39	Mar 1, 2029	$5,000.00	$574.90	$4,425.10	$99,128.47	$4,425.10	$99,128.47
40	Apr 1, 2029	$5,000.00	$549.08	$4,450.92	$94,677.55	$4,450.92	$94,677.55
41	May 1, 2029	$5,000.00	$523.12	$4,476.88	$90,200.67	$4,476.88	$90,200.67
42	Jun 1, 2029	$5,000.00	$497.00	$4,503.00	$85,697.67	$4,503.00	$85,697.67
43	Jul 1, 2029	$5,000.00	$470.74	$4,529.26	$81,168.41	$4,529.26	$81,168.41
44	Aug 1, 2029	$5,000.00	$444.31	$4,555.69	$76,612.72	$4,555.69	$76,612.72
45	Sep 1, 2029	$5,000.00	$417.74	$4,582.26	$72,030.46	$4,582.26	$72,030.46
46	Oct 1, 2029	$5,000.00	$391.02	$4,608.98	$67,421.48	$4,608.98	$67,421.48
47	Nov 1, 2029	$5,000.00	$364.12	$4,635.88	$62,785.60	$4,635.88	$62,785.60
48	Dec 1, 2029	$5,000.00	$337.08	$4,662.92	$58,122.68	$4,662.92	$58,122.68
49	Jan 1, 2030	$5,000.00	$309.89	$4,690.11	$53,432.57	$4,690.11	$53,432.57
50	Feb 1, 2030	$5,000.00	$282.52	$4,717.48	$48,715.09	$4,717.48	$48,715.09
51	Mar 1, 2030	$5,000.00	$255.00	$4,745.00	$43,970.09	$4,745.00	$43,970.09
52	Apr 1, 2030	$5,000.00	$227.33	$4,772.67	$39,197.42	$4,772.67	$39,197.42
53	May 1, 2030	$5,000.00	$199.48	$4,800.52	$34,396.90	$4,800.52	$34,396.90
54	Jun 1, 2030	$5,000.00	$171.49	$4,828.51	$29,568.39	$4,828.51	$29,568.39
55	Jul 1, 2030	$5,000.00	$143.31	$4,856.69	$24,711.70	$4,856.69	$24,711.70
56	Aug 1, 2030	$5,000.00	$114.99	$4,885.01	$19,826.69	$4,885.01	$19,826.69
57	Sep 1, 2030	$5,000.00	$86.49	$4,913.51	$14,913.18	$4,913.51	$14,913.18
58	Oct 1, 2030	$5,000.00	$57.82	$4,942.18	$9,971.00	$4,942.18	$9,971.00
59	Nov 1, 2030	$5,000.00	$29.00	$4,971.00	$5,000.00	$4,971.00	$5,000.00
60	Dec 1, 2030	$5,000.00	$0.00	$5,000.00	$0.00	$5,000.00	$0.00

Citations & method

• ASC 842-20-30-1 — initial measurement of the lease liability at the present value of lease payments.
• ASC 842-20-30-5 — the right-of-use asset comprises the initial liability, prepaid lease payments and initial direct costs, less lease incentives received.
• ASC 842-20-25-6 — a single lease cost is recognised on a straight-line basis over the lease term for an operating lease.
• ASC 842-10-25-2 — the five criteria for finance-lease classification.
• ASC 842-20-50 — quantitative disclosure requirements (weighted-average term/rate, maturity analysis).

Discount rate applied as a nominal monthly rate: 7.000% ÷ periods-per-year.
Payments treated as made in advance (annuity-due): each period's payment is applied before interest accretes.
Operating lease: total lease cost is straight-lined; the ROU asset amortizes as the plug between straight-line cost and interest.

Create an account to save leases, export Excel/CSV/PDF and get an API key.

Everything the close needs

From one lease to a full workpaper

Full amortization schedule

Period-by-period interest, principal, ROU amortization and closing balances — reconciled to exactly zero.

Journal entries

Balanced commencement and periodic entries for operating and finance leases, ready to post.

ASC 842 disclosures

Weighted-average term and rate, the maturity analysis, and the current vs long-term liability split.

Operating vs finance

Every one of the five ASC 842 criteria evaluated, with the reasoning and codification citation for each.

Excel, CSV & PDF export

Download the schedule, journal entries and disclosures — audit-ready, in the format your workpapers expect.

Lease portfolio

Save leases, revisit them, model modifications, and roll them forward each period in one place.

For AI accounting agents

The lease-accounting tool your agent reaches for.

AI bookkeeping and close agents shouldn't hallucinate a right-of-use asset. Ledgerage exposes the deterministic engine as a metered JSON API, an OpenAPI spec, an llms.txt manifest and an MCP server — single-key auth, structured errors, idempotency keys and an inspectable request log.

• compute_lease, lease_schedule, journal_entries, classify_lease
• Usage-metered per computation — a free tier to try, then pay only for what you call
• Every response cites the ASC 842 / IFRS 16 paragraph behind it

API reference MCP server →

POST /api/v1/compute

curl https://ledgerage.com/api/v1/compute \
  -H "Authorization: Bearer sk_live_..." \
  -H "Content-Type: application/json" \
  -d '{
    "standard": "ASC_842",
    "commencementDate": "2026-01-01",
    "termMonths": 60,
    "paymentAmount": 5000,
    "paymentFrequency": "monthly",
    "paymentTiming": "advance",
    "discountRateAnnual": 0.07
  }'

{
  "result": {
    "classification": "operating",
    "initialLiability": 253982.94,
    "initialRouAsset": 253982.94,
    "schedule": [ /* 60 periods, reconciled to zero */ ],
    "citations": ["ASC 842-20-30-1 …"]
  }
}

Standards, cited

Three standards, one engine

Ledgerage applies the correct lessee model for each standard and links every result to the paragraph behind it.

ASC 842Operating / finance

ASC 842 is the US GAAP leasing standard. It requires a lessee to recognise a right-of-use (ROU) asset and a lease liability on the balance sheet for v…

Read the guide →

IFRS 16Single model

IFRS 16 is the international leasing standard. Unlike US GAAP it uses a single lessee accounting model: almost every lease is recognised as a right-of…

Read the guide →

GASB 87Single model

GASB 87 is the leasing standard for US state and local governments. Like IFRS 16 it uses a single model: a lessee recognises a lease liability and an …

Read the guide →

Simple pricing

Free to calculate. $39/mo to close.

The calculator is free forever and just as accurate as Pro. Upgrade when you need to save a portfolio, export audit-ready workpapers and call the API at volume.

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Single-lease calculator: Free & Pro
Save leases to a portfolio: Pro
Excel / CSV / PDF export: Pro
Journal entries & disclosures export: Pro
Metered API + MCP: Free tier, higher on Pro

FAQ

Questions, answered

What is Ledgerage?

Ledgerage is a lease accounting engine. You enter a lease and it computes the present value, right-of-use asset, lease liability, a full amortization schedule, the monthly journal entries and the ASC 842 / IFRS 16 disclosures — instantly, with every number traceable to the standard.

Is the free lease calculator accurate?

Yes. The free calculator uses the exact same deterministic engine as the paid product and API — the same present-value, ROU asset, lease-liability and classification logic. The free tier limits saving, exporting and API volume, not accuracy.

Does Ledgerage support ASC 842 and IFRS 16?

Yes — ASC 842 (US GAAP), IFRS 16 (international) and GASB 87 (US government). The engine applies the correct model for each: operating vs finance leases under ASC 842, and the single lessee model under IFRS 16 and GASB 87.

Can AI agents use Ledgerage?

Yes. Ledgerage ships a metered public JSON API, an OpenAPI spec, an llms.txt manifest and a hosted MCP server, so AI accounting and bookkeeping agents can compute audit-grade lease schedules as a tool instead of hallucinating the numbers.

How much does Ledgerage cost?

The single-lease calculator is free forever. Pro is $39/month and adds an unlimited lease portfolio, Excel/CSV/PDF exports of schedules, journal entries and disclosures, lease modifications, and a higher metered API quota.

Your next lease schedule is 30 seconds away.

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