Automating lease accounting journal entries, schedules, and recurring reporting
AI reads lease contracts, generates the related journal entries and schedules, and supports repeatable reporting and close workflows so lease accounting tasks that once took a full day can be completed in minutes and rerun consistently for new leases.
Why the human is still essential here
Finance professionals still validate the accounting logic, approve entries and schedules, design the recurring workflow, decide when automation is appropriate, and monitor outputs before anything is posted.
How people use this
Lease data extraction from PDFs
AI reads lease contracts and pulls key terms like payment amounts, start dates, renewal options, and termination clauses into structured fields for accountant review.
Trullion / FinQueryASC 842 schedule generation
AI uses the extracted lease data to calculate the right-of-use asset, lease liability, and monthly amortization schedule under ASC 842 or IFRS 16.
Trullion / LeaseQueryJournal entry draft creation
AI converts lease calculations into draft initial recognition and recurring journal entries that the accounting team can approve before posting.
Numeric / TrullionNeed Help Implementing AI in Your Organization?
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