Our position
We do not let AI read your leases. You do.
Lease accounting is not a data-extraction problem. It is a judgement, and the judgement has to be yours: understood, underwritten in the software, and ready for the audit file.
Most lease software now opens with the same promise: upload the PDF, let the AI pull out the numbers, done in minutes.
It is a good demo. It is also the wrong place to put the intelligence, because the numbers that end up in your accounts were never sitting in the contract waiting to be lifted out.
The numbers that matter are not on the page
The lease liability and the right-of-use asset do not fall out of the contract text. They fall out of decisions the contract does not make for you:
- Is that five-year lease really five years, or ten, because you are reasonably certain to renew?
- What discount rate? The lease rarely gives you one. You build it, and you defend it.
- Short-term or low-value exemption: claimed or not, and on what basis?
- Is that "service agreement" actually a lease hiding in plain sight?
These are not fields to extract. They are judgements to make. An AI can read the words on the page. It cannot decide what they mean for your accounts, and if it guesses, you have inherited a number you cannot explain.
The question that decides it
"How do you know?"
"The software read it" has never been an answer that survives an audit. Whoever signs the accounts has to say why the term is what it is, why the rate is what it is, and why that lease is on the balance sheet and that one is not. That confidence does not come from extraction accuracy. It comes from having made the call and recorded it.
What we ask of every lease
So you underwrite the lease
In insurance, to underwrite is to look at the risk, decide the terms, and put your name to it. That is what AuditLease asks of every lease you bring in.
Understand it
You enter and confirm the terms deliberately, so nothing lands in your accounts that you have not looked at.
Judge it
Lease term, discount rate, exemptions, options: you make each call, and record the rationale, who made it, and when.
Stand behind it
The evidence chain links every journal line back to the schedule, the calculation, the inputs and the lease terms, so the number is defensible, not just present.
The result is a lease register you can be questioned on, because you underwrote it, line by line.
This is not anti-technology. It is about where the intelligence belongs.
The machine's job
We automate the arithmetic
Present values, amortisation, depreciation, remeasurements, the disclosure note: deterministic maths, computed the same way every time, always showing its working. Let the machine do the machine's job.
Your job
We do not automate the accountability
The judgements, the completeness of the lease population, the decision to put a figure in your accounts: those stay with the person who has to defend them. We will not hand you a number you did not make.
Software should make you more accountable for your numbers, not less.
Lease accounting, ready for the audit file
Choose the tool that expects you to know your own numbers
If you want software that reads your leases so you do not have to, there is plenty of it. If you want software that makes sure you understand every number in your lease note, and can defend it, that is the one we built.