--- title: "LOIS Reviews 2026. Verified Reviews, Pros & Cons | Capterra" description: "Is LOIS the right Lease Accounting solution for you? Explore 40 verified user reviews from people in industries like yours to make a confident choice." source_url: "https://www.capterra.com/p/10023151/LOIS/reviews/" page_type: "reviews" language: "en" publication_date: "2026-09-29" --- LOIS 4.7 (40) [View alternatives](https://www.capterra.com/p/10023151/LOIS/alternatives/) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated September 29th, 2026 # Reviews of LOIS Ease of use 4.7 Customer Service 4.9 ## Pros and Cons in Reviews KB Kara B CFOFinancial Services, 51 - 200 employeesUsed the software for: More than 2 years. “Eliminated the need for complex Excel spreadsheets for our leases, making updates and recalculations much simpler.“ February 20, 2026 TN Tanya N Finance AccountantLogistics and Supply Chain, 51 - 200 employeesUsed the software for: 1-2 years. “Lease changes and adjustments in LOIS are confusing to navigate, as the adjustment results are sometimes different to what was expected“ June 1, 2026 MG Melissa G Finance ManagerBuilding Materials, 1,001 - 5,000 employeesUsed the software for: More than 2 years. “Reporting, audit transparency, lease management and customer support - much easier than tracking on spreadsheets“ February 17, 2026 PM Phu Myat M AccountantLogistics and Supply Chain, 1,001 - 5,000 employeesUsed the software for: 1-2 years. “It is quite easy to use and the lease reports, amortisation schedules and other related reports like asset reports can be easily extracted.“ July 27, 2026 KL Kieran L Group Reporting ManagerMining & Metals, 501 - 1,000 employeesUsed the software for: 1-2 years. “We are a large, complex, global business and we have found LOIS simple to implement and highly effective in managing our hundreds of leases globally.“ March 10, 2026 ## Showing most helpful reviews Showing 1-25 of 40 available reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use Group Accountant Used the software for: 3-5 years ### "Long time customer of LOIS" September 2, 2026 5.0 Overall, LOIS has been a great team to work with, and it has been a good experience since inception IFRS 16. Pros \- Easy to use - Adhere to the IFRS standard - Reports can be easily translated to desired currency - Great support team. Cons Certain reports still have room for improvement, but overall, the reports in LOIS are sufficient for our statutory reporting purposes. Review Source Business Accountant Used the software for: 3-5 years ### "User Friendly Lease Management" August 27, 2026 4.0 This is a well-designed system for our lease management. The team are highly skilled and provide great technical advice when needed. Pros It's the ease of having all your leases in one system that does the calculations for you. The reports are helpful in completing our month end requirements and aiding in decision making. Cons When importing a new lease, it would be great if it could show more information on the error when the import is not successful to help resolve the issue quicker. Review Source Finance Manager Used the software for: 1-3 years ### "LOIS system review" August 3, 2026 4.0 user friendly experience; ease to navigate; LOIS team are responsive & very helpful; reporting options and outputs for disclosures Pros user friendly, effacy in maintaining aasb16 leasing and journal output; reporting for cashflows; multi currency lease Cons dynamic change opening balance 1Jul for modifications that are backdated; unable to input current modifications when there are future modifications already inputted Review Source Group Financial Controller Used the software for: 3-5 years ### "LOIS review" July 31, 2026 5.0 Pros LOIS provides excellent multi-entity and multi-currency lease tracking, making lease management efficient across our group of companies. The centralised document storage and ability to easily modify leases throughout their lifecycle are particularly useful and save significant administration time. The LOIS team provide very responsive and helpful customer support to queries and requests. Cons The software generally works well for our company requirements. The main challenge we encounter is occasional user log in issues when mandatory password resets are required. Review Source Group Finance and Compliance Manager Used the software for: 3-5 years ### "LOIS - Reliable Lease Accounting with Excellent Customer Support" July 28, 2026 5.0 Very positive experience. The platform provides a dependable and efficient way to manage our lease accounting, making complex calculations, reporting requirements much more manageable than relying on manual spreadsheets. The standout feature has been the support provided by the LOIS team. They are approachable, knowledgeable and responsive, and are always willing to answer questions or help work through an issue. The regular communication about developments and improvements is also valuable and gives us confidence that the platform is continuing to evolve in response to customer needs. Once familiar with the system, it is generally straightforward to use, and the reporting and audit trail functionality are particularly helpful. Pros What I have liked most about LOIS is the excellent support provided by the team. They are approachable, responsive and always willing to help with questions, including working through the accounting treatment where needed rather than simply providing technical system support. The team also communicates regularly about upcoming developments, system changes and relevant lease accounting matters. The system changes always make the platform easier and more efficient to use. Cons Sometimes with less frequently used functions I find it harder to navigate intuitively. A streamlined navigation would help or potentially pop ups with a little explanation of when you would use certain functions for leases. Review Source Senior Financial Accountant Used the software for: 3-5 years ### "Reliable and Effective IFRS 16 Lease Accounting Solution" July 28, 2026 5.0 Overall, my experience with LOIS has been positive. It is a reliable and robust lease accounting solution that helps ensure IFRS 16 compliance and provides accurate lease calculations and reporting. Pros LOIS simplifies lease accounting and keeps all lease information in one place. It is easy to track lease changes, calculate IFRS 16 adjustments, and generate reports, which helps save time and improves accuracy in financial reporting - particularly helpful for audit trail as well. Cons The bulk upload template can be a bit fiddly to use, as it requires data to be entered in a very specific format. Small errors can lead to upload issues, making the process more time-consuming than expected. Review Source Financial Controller Used the software for: 3-5 years ### "Great IFRS 16 Lease Accounting and Reporting Solution" July 28, 2026 5.0 My overall experience with LOIS has been very positive. The platform is easy to use and well suited to finance teams managing IFRS 16 lease accounting and reporting, and the support team is always helpful and responsive to queries. Pros Efficient and easy-to-use solution for IFRS 16 lease accounting that provides a reliable, platform that significantly simplifies ongoing IFRS 16 accounting, compliance, and reporting. Cons The initial setup and data migration process can be time-consuming, particularly for complex lease portfolios. However, the support team were great with assisting in the setup up. Switched from [Nomos One](https://www.capterra.com/p/148590/nomos-one/) We needed software for IFRS 16 reporting, and LOIS was better suited to our requirements due to its strong financial reporting capabilities. In comparison, Nomos One is more focused on lease management, whereas LOIS provides tailored IFRS 16 accounting, compliance, and reporting outputs that better meet the needs of finance teams. Review Source Accountant Used the software for: 1-3 years ### "Efficient and Useful Lease Management System" July 27, 2026 5.0 Pros It is quite easy to use and the lease reports, amortisation schedules and other related reports like asset reports can be easily extracted. I like their customer support portal which has answers to most of my questions. Cons It would be good if they can terminate the leases that are expired automatically. This will help me reduce the time I need to terminate them. Review Source Group Finance Manager Used the software for: 3-5 years ### "Great Customer Support" July 27, 2026 5.0 Overall, LOIS has been a great platform for us to manage our leases and prepare all the necessary reporting we need to for IFRS 16. Pros The customer support from the LOIS team has been great, we have had a few instances of non-BAU transactions that we needed help with. They were very responsive to help us use the LOIS platform in the most effective way. Cons Currently not integrated with our ERP system, D365. We have to export the journals from LOIS and then separately import into D365 - would be great if it could be integrated in future. Review Source Head of Accounting and Treasury Used the software for: 3-5 years ### "Great lease accounting software" July 24, 2026 5.0 Very happy with the product, have been using it for 6+ years and have recommended it to other organizations. Pros \-Easy to use -Excellent reporting -Great customer service -Responsive support team -Does everything you would expect a lease accounting system to do. Cons Cannot think of any cons as mentioned above there are a lot of pros with the product and the service/support offering. Review Source Finance - Business Used the software for: 3-5 years ### "World Class Leasing System" March 3, 2026 5.0 I have used many leasing systems over the years as financial accountant, and nothing beats LOIS. LOIS is user friendly, with a great customer support team - all Chartered Accountants which mean they can provide you with the best support and advice. I have also found that LOIS is the only leasing software that can generate catch-up journal entries for backdated lease changes, which mean no manual handling is required. The Reports are great too, in the past we wasted a lot of time to determine our lease movements for each major reporting period, how we can report with a click of a button. Pros User friendly, great customer support and the only leasing system out there that can generate catch-up journal entries for backdated lease changes. Cons Too frequent change of password requirement. This software might come at a higher price that other options, however you pay for quality and convenience. Switched from [LeaseAccelerator](https://www.capterra.com/p/160207/LeaseAccelerator/) I have used LOIS in the past, and its functionality was by far superior. Alternatives considered [Oracle Fusion Cloud ERP](https://www.capterra.com/p/274950/Oracle-Fusion-Cloud-ERP/) Reasons for choosing LOIS I could not find the alternative products in above dropdown: Fusion5, LEASE Viareport, My Treasur-e, Nomos one I chose LOIS because it was the only system that could generated catch-up journal entries for backdated lease changes., LEASE Viareport, My Treasur-e, Nomos one Review Source Assistant Accountant Used the software for: Less than 1 year ### "Lease Accounting " May 7, 2026 5.0 Great - Support team responds within a few hours. Ability to bulk upload saves time Transform function saves time as well. Pros \- Lock down periods for accounting - Instant Amortisation Table - Great reports generated by software - Audit section is helpful to track changes Cons \- some fields are non-editable. - cannot change cost centre allocation - The transform function has some limitations Switched from [Nomos One](https://www.capterra.com/p/148590/nomos-one/) No improvements made to previous product and slow support response Review Source Finance Accountant Used the software for: 1-3 years ### "Lease accounting" June 5, 2026 3.0 as a new user, excellent for straightforward leases and quick to finalise month end postings, however challenging for leases which have different and complex arrangements. Pros Lois provides one place for all lease information and produces the monthly posting journals and reconciliations Cons Lease changes and adjustments in LOIS are confusing to navigate, as the adjustment results are sometimes different to what was expected Review Source Senior Accountant Used the software for: 3-5 years ### "Easy to use, prompt service and great reporting." March 2, 2026 5.0 Overall, a really positive experience and has definitely saved our team hours of time for month end reporting and audit. Pros Easy to use to assist in accounting for our leases and great prompt service from the team when we have any queries. Great reports for month end reporting and audit. Cons Nothing major as when we have a problem the Lois team are very prompt in responding, a few screens could be more helpful if there was an edit option. Alternatives considered [AssetAccountant](https://www.capterra.com/p/266895/AssetAccountant/)[Soft4Leasing](https://www.capterra.com/p/130714/Soft4Leasing/)[Nomos One](https://www.capterra.com/p/148590/nomos-one/) Reasons for choosing LOIS Recommended and ticked more boxes than the others, looked easier to use and service/assistance looked more reliable. Review Source Financial accountant Used the software for: 3-5 years ### "I dont know" March 13, 2026 5.0 Satisfied with using LOIS as it has helped a great deal with our month end and year end reporting requirements Pros Simple and user-friendly tool to use - simplified our lease accounting with faster, accurate reporting Cons Some of the reports in LOIS could be improved to include additional fields like: Ledger, Cost centre, profit centre info for each lease. Review Source Financial Accountant Used the software for: 3-5 years ### "LOIS Leasing Review" June 9, 2026 4.0 We switched to LOIS from manual lease accounting, the transition process was guided by team who ensured our records balanced. The software enables us to quickly record lease obligations and have reports at our fingertips. LOIS are great to deal with and very responsive to questions. Pros Utilising LOIS has simplified our lease accounting, saved our team time and provides meanungful reports. Cons The rollover process from period to period can be tedious but once you know what you're doing it's OK. Review Source Finance Manager Used the software for: 1-3 years ### "Lease software and reporting" February 25, 2026 4.0 The software is easy to use and reliable. It's so much better to have this all automated, rather than tracking and calculating journals manually. Pros The prompt and helpful customer support with queries and assistance is great and really appreciated. The reports are great and show a lot of information for both month and year end. Cons It would be great if it covered sub leases as well, which I believe is in progress, rather than calculating and accounting for these separately. Review Source Group Reporting Manager Used the software for: 1-3 years ### "Game-changer leasing tool" March 12, 2026 5.0 Our experience with LOIS has been excellent, would definitely recommend using this tool to manage leases. Pros LOIS is a fantastic software to use. We are a large, complex, global business and we have found LOIS simple to implement and highly effective in managing our hundreds of leases globally. Cons There are very few cons with LOIS. The platform takes a bit of time to get used to, but once you know your way around it - it's very easy to use. Review Source Senior Manager - Corporate Reporting Used the software for: 1-3 years ### "Tassal - LOIS experience" June 9, 2026 5.0 My overall experience with LOIS leasing software at Tassal has been positive. The platform provides a structured and reliable solution for managing lease data, supporting compliance with accounting standards. LOIS is particularly strong in centralising lease information, improving visibility across the portfolio and making it easier to track key lease metrics. The system’s reporting capabilities are useful for both financial reporting and audit requirements, helping streamline processes within corporate reporting. Pros User friendly, once system is understood it is easy to get information and update leases. The system’s controls and audit trail features provide confidence in the accuracy and integrity of data, which is critical in a corporate reporting environment and really helps at audit time. Support from LOIS on queries is fast and effective. Cons Some of the reporting can be a bit clunky - for example having to combine two reports to get the information that is needed. The interface is generally user-friendly once familiar, though there can be a learning curve initially due to the level of detail and functionality. Review Source Sr Financial Analyst Used the software for: 3-5 years ### "IFRS-16 LOIS Software Review" April 2, 2026 4.0 I've been using this system for 3.5 years and have found the system to have went through very helpful upgrades in that period. The customer support has been extremely helpful. Pros I found the product to be user friendly once trained on the system. The customer support from \[sensitive content hidden\] and team is amazing. Even with a time difference that is quite large, they always seem to get back to me within the same day. Cons The inability to reach the developers for urgent matters such as having copies of the quality system made at very critical times in the forecasting and budgeting periods when the copies are not ready. Review Source Senior Financial Accountant Used the software for: 1-3 years ### "Simple to Use, Powerful Results, and Outstanding Support" March 30, 2026 5.0 Overall, our experience with LOIS has been very positive. The system is user-friendly, reliable, and has significantly improved the way we manage our leasing processes. It has saved us considerable time by replacing manual Excel work with a more efficient and structured approach, making both monthly reporting and audit preparation much easier. Additionally, the customer support has been consistently excellent, with queries typically resolved within a day. This level of responsiveness, combined with the system’s ease of use, has made LOIS a valuable tool for our team. Pros What I liked most about LOIS is how easy it is to use while still being highly effective. The system has significantly reduced the time we used to spend managing leases in Excel, replacing manual work with a more reliable and streamlined process. It has made our monthly reporting and audit preparation much simpler and more efficient. On top of that, the customer support is excellent queries are typically resolved within a day, which makes a big difference in day-to-day use. Cons There’s very little to dislike about LOIS overall. If anything, there is a slight learning curve when first getting started, particularly when transitioning from manual Excel-based processes. However, this is quickly overcome thanks to the system’s intuitive design and the responsive support team. Review Source Senior Accountant Used the software for: 1-3 years ### "Lois software " April 16, 2026 5.0 My overall experience with LOIS has been positive. It is a useful tool for managing complex calculations, depreciation, and property management in a more streamlined way. The system helps automate complex processes, improves accuracy, and makes it easier to manage financial data efficiently. Pros What I liked most about LOIS is how it simplifies complex calculations like ROU, depreciations and asset management. It automates processes that would normally be time-consuming and reduces the risk of errors, making financial tracking more accurate and efficient. Cons I could not find any features that I do not like. I am waiting for more AI features will add into LOIS. Review Source Analyst Used the software for: 3-5 years ### "LOIS Review" March 12, 2026 5.0 LOIS has been a great tool for managing company leases. The system is easy for users to understand and follow. I was a bit nervous when I was first introduced to LOIS; however, after using it, I found it to be very straightforward and user-friendly. It has been a great help for the company in managing lease information and in calculating lease assets and liabilities through the software. Pros The system is easy for users to understand and follow. We can generate useful lease management reports to meet reporting requirements. Cons Majority of the function is very easy to use. The only function I don't like is the lease reference can't be changed. Review Source FINANCIAL ACCOUNTANT Used the software for: 3-5 years ### "Fletcher Steel" March 12, 2026 4.0 Overall I found LOIS is helpful in terms of increasing the month end efficiencies, as well as understanding the financial implication for any proposed lease changes. Pros I like most about LOIS is it helps posting GL transactions easily, and also help doing leases forecasting easily Cons There are certain things that LOIS is not easily to accommodate, ie. change of asset split, change of landlord from old to new without having to terminate the original leases Review Source Senior Financial Accountant Used the software for: 1-3 years ### "LOIS-A good leases tool" March 12, 2026 5.0 It has been a great experience. It's easy to learn from the notes or guidance provided. Also easy to guide anyone using LOIS for the first time. Pros Easy to add or terminate any leases Easy to use and easy to download any accounting information required for GL upload. Easy to download amortisation schedules. Cons When a lease is added and active is LOIS - it is not possible to change the lease division (ex 100/200/300) in LOIS in the future if there is any change. 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