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Spacebase description
Spacebase is a cloud-based software designed to simplify lease accounting and administration. It helps businesses comply with lease accounting standards (ASC 842, IFRS 16, GASB 87) through automated features like lease classification, discount rate setting, and journal entry generation. Beyond accounting, Spacebase provides tools for managing lease data, tracking critical dates, and handling payments. The platform aims to be user-friendly and integrates with other financial software. Spacebase is trusted by various companies, including notable names like Airbnb and Buzzfeed.
What companies are using Spacebase?
Who is Spacebase best for
Spacebase simplifies lease accounting and administration, ensuring compliance with standards like ASC 842 and IFRS 16. It automates key processes such as lease classification and journal entry generation. Spacebase is trusted by major companies, including Airbnb and Buzzfeed, proving its value in managing complex lease portfolios.
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Best fit for medium to enterprise-level companies.
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Suitable for businesses across various sectors needing lease management.
Spacebase features
| Supported Spacebase simplifies lease administration with tools for managing lease details, tracking critical dates, and centralizing lease data. |
| Supported Spacebase automates lease accounting processes, including lease classification, discount rate setting, and journal entry generation, to comply with ASC 842, IFRS 16, and GASB 87. |
| Supported Spacebase streamlines lease payments through a centralized interface for validating invoices and sending payments to AP systems. |
| Supported Spacebase enables headcount tracking and utilization monitoring, with integration options for existing HCIM systems. |
| Supported Spacebase provides a central hub for all lease data, offering a comprehensive overview of lease-related information. |
| Supported Spacebase automates report generation, providing efficient access to key lease metrics and insights. |
| Supported Spacebase integrates with other business systems to enhance functionality and streamline data flow. |
Spacebase alternatives
TenantCloudBetter suited for property management companies needing tenant communication and online rent collection. A good TenantCloud alternative for lease accounting automation and compliance. TenantCloud has broader industry applicability but slower growth.Read more
AMTdirectBetter fit for mid-sized companies. Geared towards a wider range of industries including Healthcare, Finance, Retail, Consumer Goods, Manufacturing, Education, Hospitality, and Energy. Has more momentum based on website traffic data. AMTdirect reviews on Glassdoor mention helpful customer support, centralized data storage, and device accessibility but also highlight difficulties with report building and system instability. A strong Spacebase and AMTdirect competitor.Read more
QuickBooks OnlineBetter for small to medium businesses. A broader QuickBooks Online alternative for general accounting and financial management. More industry coverage.Read more
Visual LeaseBetter fit for enterprise companies. More established, with significantly more user reviews available. Users praise Visual Lease's centralized platform, automated accounting, and comprehensive reporting. However, some users report slow loading times and difficulties with report customization. Visual Lease has a positive pricing sentiment. It appears to have less momentum currently.Read more
OfficeRnD FlexBetter for coworking spaces and hybrid work environments. More suitable for small to mid-sized businesses. Positive user reviews highlight ease of use and robust reporting features. However, some users report inconsistencies in reporting figures and limited mobile app functionality.Read more
LeaseCrunchBetter fit for small to medium-sized businesses and accounting firms. Excellent customer support and user-friendly interface. Stronger industry fit for Healthcare, Finance, Manufacturing, Education, Real Estate, Government, Software, and Automotive.Read more
Spacebase FAQ
What is Spacebase and what does Spacebase do?
Spacebase is cloud-based software that streamlines lease accounting and administration. It automates key lease accounting processes, ensuring compliance with standards like ASC 842, IFRS 16, and GASB 87. Spacebase also offers tools for managing lease data, tracking critical dates, and handling payments.
How does Spacebase integrate with other tools?
Spacebase integrates with other financial software to streamline accounting processes. It helps automate lease accounting, reporting, and data management, ensuring compliance with standards like ASC 842, IFRS 16, and GASB 87.
What the main competitors of Spacebase?
Spacebase competes with other lease accounting and administration software like AMTdirect and LeaseCrunch. Alternatives for broader property management include TenantCloud. QuickBooks Online focuses on general accounting, while Visual Lease caters to larger enterprises managing diverse leased assets. OfficeRnD Flex offers similar functionality for coworking spaces.
Is Spacebase legit?
Yes, Spacebase is a legitimate software trusted by notable companies like Airbnb and Buzzfeed. It simplifies lease accounting and administration, helping businesses comply with lease accounting standards like ASC 842 and IFRS 16. Spacebase offers automated features and integrates with other financial software.
How much does Spacebase cost?
I couldn't find pricing information for Spacebase. For the most current pricing details, it's best to visit their website directly. This will ensure you have accurate information regarding product worth and whether it fits your budget.
Is Spacebase customer service good?
Spacebase's customer service is highly regarded by users. Reviewers praise the quick responses, helpful support with implementation and billing issues, and the team's willingness to offer custom solutions. They describe Spacebase's customer service team as easy to work with and responsive.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.