Trullion
AI platform for audit evidence collection and lease accounting
About Trullion
Trullion extracts lease and revenue contract terms using machine learning, then maps them directly to ASC 842 and ASC 606 schedules with an audit trail linking every journal entry back to its source document. Day-to-day, that means uploading a lease PDF and getting classification, commencement date, payment schedule, and right-of-use asset calculation without manual keying. For ASC 606, it reads contract language to build recognition schedules and flags performance obligations that need review. The tool fits enterprise finance teams managing hundreds of leases or complex multi-element revenue arrangements, and audit firms in the Big Four or Top 100 that need defensible evidence packages tied directly to source documents. It integrates with NetSuite, SAP, QuickBooks, Excel, and Workiva, so output flows into existing close processes rather than sitting in a silo. Where it falls short: there is no self-serve access, no published pricing, and implementation takes real effort in complex environments. If your firm does general bookkeeping, AP, or straightforward audits, Trullion is overkill. The G2 rating is 4.7 but sits on only 42 reviews, so treat that number with caution. It competes directly with LeaseQuery and Lease Accelerator on ASC 842, and wins on the contract-reading AI layer but loses on market maturity and community resources.
Best for
Enterprise finance teams and audit firms dealing with ASC 842, ASC 606, or complex audit evidence management
Key Features
- AI-powered contract data extraction for ASC 842 lease accounting
- Automated revenue recognition schedules for ASC 606 compliance
- Complete audit trail linking source documents to journal entries
- Machine learning-based lease term mapping and classification
Pros & Cons
Pros
- Reads raw lease PDFs and extracts commencement dates, payment terms, and lease classifications without manual data entry.
- Builds ASC 606 revenue recognition schedules directly from contract language, including multi-element arrangements general tools mishandle.
- Every journal entry links back to the source document, giving auditors a complete, defensible evidence chain.
- Integrates with SAP, NetSuite, and Workiva, so output lands in the systems enterprise finance teams already use for close and reporting.
- 4.7 on G2 in the audit and compliance category, ahead of LeaseQuery and comparable tools on reviewer satisfaction.
- Handles both ASC 842 and ASC 606 in one platform, removing the need to maintain separate lease accounting and revenue recognition tools.
Cons
- No published pricing and no self-serve signup — you get a demo and a quote, which makes budgeting difficult before a sales conversation.
- Implementation in complex ERP environments takes weeks, not hours; plan for IT involvement and a structured onboarding period.
- Only 42 G2 reviews as of mid-2025, so there is thin community documentation compared to established platforms like FloQast or LeaseQuery.
- Narrow scope by design — it does nothing for AP automation, payroll, general bookkeeping, or audits outside ASC 842 and ASC 606 workflows.
- Enterprise-only positioning prices out mid-market firms and solo practitioners entirely.
- Machine learning extraction still requires human review on unusual lease structures or heavily negotiated contract language — it is not fully hands-off.
Ledger Brief Take
This tackles the genuinely difficult AI problem in accounting: interpreting complex contract language for ASC 842 and ASC 606 compliance, where most tools either punt to manual processes or produce unreliable outputs. Built specifically for enterprise audit teams and Big Four environments, it's overkill for typical practice work but fills a real gap where contract complexity makes general-purpose tools inadequate.
Frequently Asked Questions
Common questions accountants ask about Trullion.
What does Trullion cost?
Trullion does not publish pricing. It operates on custom enterprise contracts, available only after a sales demo. There is a free trial but no free tier and no self-serve signup. Expect pricing discussions to involve volume of leases or contracts processed, not a flat monthly fee.
How does Trullion compare to LeaseQuery for ASC 842?
LeaseQuery has broader market adoption, more community resources, and a clearer pricing model. Trullion's edge is the AI contract-reading layer — it extracts lease terms from raw PDFs rather than requiring manual data entry. If you have high lease volume and complex contract language, Trullion reduces keying time. If you need a proven implementation path and lower setup risk, LeaseQuery is the safer choice.
Does Trullion integrate with QuickBooks?
Yes, QuickBooks is a listed integration. Trullion also connects to NetSuite, SAP, Excel, and Workiva. QuickBooks integration is better suited to QuickBooks Enterprise rather than QuickBooks Online, given Trullion's enterprise positioning. Confirm exact sync capabilities — journal entry output format, frequency, and field mapping — during your demo.
Who actually uses Trullion — internal teams or audit firms?
Both. Enterprise finance teams use it to manage lease portfolios and revenue recognition schedules internally. Big Four and Top 100 audit firms use it to automate evidence collection and build source-document-linked audit trails. It is not built for small practices or general audit engagements outside ASC 842 and ASC 606 scope.
How does Trullion handle data security for sensitive contracts?
Trullion operates on a SOC 2 Type II compliant infrastructure. Contracts and financial documents are processed and stored with encryption in transit and at rest. For enterprises with strict data residency requirements, confirm region availability and subprocessor terms directly with Trullion before uploading production data.
Does the AI extract lease terms accurately enough to rely on without review?
For standard lease structures, extraction accuracy is high enough to dramatically cut manual entry time. For heavily negotiated leases with non-standard clauses, modification provisions, or complex renewal options, the output needs human review. Trullion flags low-confidence extractions, but plan for reviewer time on any contract outside plain-language templates.