Lease Accounting Software
Built by Accountants for Accountants
Lease Accounting Software
Built by Accountants for Accountants
Features of LeaseQuery
LeaseQuery is a cloud-based lease accounting and lease management software that enables you to simplify accounting for leases
and easily comply with FASB ASC 842 and IFRS 16.
Accounting For Leases: New FASB & IASB Lease Accounting Rules
LeaseQuery simplifies accounting for leased assets including real estate property, equipment, and vehicles. Our lease accounting software already complies with the new IASB and FASB lease accounting rules. LeaseQuery calculates the ROU asset and lease liability under the new rules.
LeaseQuery makes it simple to find the reports you need.
All required reports and disclosures under current and new lease rules are included “out of the box” so you don’t have to build them. Give your auditors everything they need within a few clicks. See the full list of reports and disclosures we provide here. Need more reports? It’s simple and easy to build any report you want, with any attribute you want.
Determine if your lease is an operating/capital lease in minutes.
Provide evidence for your auditors to support your lease classification. It’s a step-by-step guide that so easy to use, it’s been called the “TurboTax” for lease accounting. You can use our capital vs. operating lease test for free!
Organize all of your lease documents in any format (PDF, Word, etc.) in one searchable database.
Anyone in the company – from finance to procurement – can use our state-of-the-art search function to find precisely what they’re looking for.
LeaseQuery prevents errors by requiring all leases entered to be approved by someone other than the person who entered it.
Each lease has an audit trail, disclosing who entered it, who approved it, who modified/edited it, and who deleted it.
Never miss a critical date again.
Manage critical dates like expirations, renewals, and any custom dates. Users have the ability to set different tasks under multiple leases and assign them to an employee, along with a “complete by” date.
Meet All ASC 842 and IFRS 16 Disclosure and Reporting Requirements
You don’t need to configure your own reports to meet auditor and regulatory requirements. Our standard reports enable you to comply with their specifications with ease.
- See the full report list here.
- Save valuable time by giving your auditors a login (at no extra cost).
- Build any report you choose, based on any allocation.
Error-Free Amortization Schedules and Journal Entries
No more comments from your auditors. LeaseQuery instantly generates accurate journal entries and provides amortization schedules for capital/finance and operating leases according to GAAP.
- Generate amortization schedules for operating leases, capital leases, and tenant improvement allowances.
- Filter journal entries by organizational or business unit.
- Eliminate the headaches that come with spreadsheets.
Error-Free Amortization Schedules and Journal Entries
No more comments from your auditors. LeaseQuery instantly generates accurate journal entries and provides amortization schedules for capital/finance and operating leases according to GAAP.
- Generate amortization schedules for operating leases, capital leases, and tenant improvement allowances.
- Filter journal entries by organizational or business unit.
- Eliminate the headaches that come with spreadsheets.
Unlock New Efficiencies
Transform your reporting, auditing, and lease management processes across the enterprise. From the moment you log in to LeaseQuery, everything you need is at your fingertips.
- Prevent unnecessary expenses with alerts for lease renewals, terminations, and more.
- Centralize and track all lease documents in one searchable database.
- Leverage built-in data validation and audit trails to support your internal controls.
We Ensure You Fully Comply with FASB ASC 842 & IFRS 16
How Can LeaseQuery Help You?
Compliance
Eliminate errors when you transition to the new lease accounting standards.
Customization
Tailor our system to your company’s specific needs for reporting, access, and more.
Accuracy
Account for your leases with ease and simplicity, so you can reach full compliance with accuracy and efficiency.
Expertise
Rely on our lease accounting experts for guidance on properly applying the new standards.
5 Star Capterra Review
with 100% accountants among reviewers
Error-Free Lease Accounting
Eliminate lease accounting errors that will lead to material misstatements using our CPA-approved software and implementation process. With LeaseQuery, you can ensure compliance with minimal disruption to your business. Our accountants, who specialize in lease accounting, will be with you every step of the way.
Our Clients Explain Our Lease Accounting Solutions Best
“It took a time-sucking, life-sucking process and turned it into the click of a button.”
Trista — Controller at National Healthcare Organization
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