UGAAP
About UGAAP
UGAAP Pricing
UGAAP is available as an on-premise or cloud-based solution. The on-premises solution is available for a one-time purchase price starting at $3,600. Contact UGAAP for cloud subscription options.
Starting price:
$3,600.00 one time
Free trial:
Available
Free version:
Not Available
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Most Helpful Reviews for UGAAP
1 - 10 of 10 Reviews
Anonymous
1,001-5,000 employees
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2019
UGAAP Lease Accounting Software Review
We did demos with a number of providers of lease accounting software, UGAAP is by far the most efficient software there is. This is a software dedicated to accounting and reporting. They have CPA firms as their clients. We did not want to mess with the unnecessary property management type of work. We just wanted the software for GAAP compliance. And this is exactly what we need. Their staff is professional and experienced in implementation, and has been really helpful. Lease accounting has been touted as a hot anxiety point for so many years. Some provider has to figure out something elegant to streamline the process, the calculation and presentation. We think this one foots the bill really well.
CONSSo far I have not found any yet, we would like to get more users to test the software so we can get a feel on it s performance.
LeAnn
Higher Education, 10,000+ employees
Used daily for less than 6 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2021
Very easy to use and understand
Overall, I'm happy with UGAAP software and would recommend to anyone looking for lease accounting solution. We are still in the process of implementation so haven't fully utilized everything. We haven't been through a full year, so year-end reporting is unknown at this time.
PROSIt's so easy you think you're doing it wrong. Straight forward, click and enter. Good interface. Designed specifically for GAAP compliance. Audit and footnote ready reports.
CONSIntegration is ok, but manual process.
Reason for choosing UGAAP
UGAAP seemed straightforward, easy to use and much more affordable than the other software companies.
Justin
Transportation/Trucking/Railroad, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
3
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2021
Using UGAAP to Transition
UGAAP is very user friendly. All the information about a lease is in one place, there is no navigating to different tabs. Everything is labeled very clearly, and most items have a brief description. The integration process was very easy, [SENSITIVE CONTENT] from UGAAP was very helpful throughout the whole process and was available to discuss any issues or questions we had.
CONSOverall we are very happy with UGGAP, any issues we have we can take them to UGAAP and they have been able to assist us. By either creating new fields or helping us with workarounds for our issue. Their customer support is amazing.
Anonymous
5,001-10,000 employees
Used monthly for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2019
Big bang for the bucks
We use this software to tackle the necessary evil of having to comply with the new lease accounting standard. We are able to use the help of UGAAP to achieve what we were hoping to do. We knew from the demo this would work because they use our actual leases in the demo.
PROSMeet the compliance needs if that's all you care about. Easy to use after a little bit of training. The intuitive and direct approach in lease modifications. Strong technical accounting. Good for accountants and financial reporting professionals. Willing to customize for our special requests. One-time fee for a permanent license, not bad at all.
CONSNeeds a bit of training to get around. Light in lease administration features, so this is probably not a piece of software for the property department if that's the focus, though it does have interesting expiration alert and lease vs buy analysis functions.
Reasons for switching to UGAAP
The other software was not as mature. We could not get the promised result. UGAAP understands what accountants need and delivered.
Tina
Government Administration, 11-50 employees
Used monthly for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed July 2020
Has Saved Me Lots of Time
Manually calculating the amortization tables for 60+ leases and manually figuring out their journal entries monthly would have taken days. UGAAP enables me to get the journal entry completed in about 15 minutes.
PROSThis software takes away the headache of trying to calculate, track, and record GASB 87 lease transactions. Once the lease is entered, UGAAP calculates the amortization tables, and all I have to do monthly is print the journal entry details, summarize them, and post them into my GL.
CONSI am not familiar with Access databases, so it took me a bit to figure out some tricks. UGAAP tech support was very helpful when I had questions.
Reason for choosing UGAAP
UGAAP was less expensive, was ready to go (many other softwares were not ready yet), and was easy to use.
Kari
Food Production, 201-500 employees
Used monthly for less than 12 months
OVERALL RATING:
3
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
3
Reviewed October 2021
UGAAP for Lease Accouning
We have had a very good experience with UGAAP. Our representative understood the Lease Accounting Standards very thoroughly. He provided explanations when needed and worked through some of our unique situations with enhancements to the software. They are quick to respond and timely with resolutions.
PROSThe software is focused on the new Lease Accounting standards including the reporting needed for financial statement support and footnotes. The cost of this product was inline with our needs and usage.
CONSWe have had some trouble understanding what information from a lease needs to be entered into which fields. That being said, our representative at UGAAP has been very responsive in answering questions.
Reason for choosing UGAAP
We chose UGAAP because they were focused on the Lease Accounting Standard and financial statement requirements both in the calculations and in the reporting needs.
Anonymous
10,000+ employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed May 2019
Easy to use and low cost
A few of our clients use USGAAP lease accounting software. It is a quick and dirty tool that gets the job done. The ASC 842 adoption date amortization schedules, journal entries, and SAB 74 reports are surprisingly easy to generate. It is apparent their software is designed by someone with years of GAAP experiences in research and in practice. The tool provides tips for users as they use it. I can see accounting firms use USGAAP software to manage client lease portfolio, or even as part of lease accounting audit tool. It is always good a complex accounting area made so easy by a tool like that.
CONSNothing to mention at this point of time.
Irene
Oil & Energy, 10,000+ employees
Used monthly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed May 2019
Easy to use and low cost
Fantastic, stress free, no annual subscription fees.
PROSUGAAP software provides straightforward accounting deliverables in an easy to follow way. Disclosure reports and journal entries meticulously complies with the Codification. Calculation tool for implicit rate is fantastic. The implementation was quick and mostly stress free. We also like the fact that there's no annual subscription fees. It makes our lease accounting a much simpler task than it could have been.
CONSNothing I can mention at this moment.
Vendor Response
Thank you for the positive comment. We are pleased to provide value for easy accounting compliance.
Replied May 2019
Chris
Banking, 201-500 employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed September 2020
Easy to implement
Customer Service was real helpful in getting me started and explaining the whole process.
PROSEasy to setup chart of account and implement the software.
CONSNothing as we purchased it for accounting purposes.
Danielle
Financial Services, 51-200 employees
Used monthly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2020
Thankful for UGAAP
UGAAP is helping me do the proper accounting for ASC 842.
PROSThe software is user friendly and straightforward. [SENSITIVE CONTENT HIDDEN] has guided me through the software and has been a great help. He has been very accommodating with setting up training sessions and has a great approach to teaching the software.
CONSI have found nothing that I dislike about the software.