Your lease queries, answered.
LeaseQuery is lease accounting software that helps businesses transition to the new lease accounting standard and avoid overpaying rent. Stop using unreliable excel spreadsheets and start using a purpose built tool to solve your problem. LeaseQuery can manage both equipment leases and real estate leases
95% of our clients used LeaseQuery to identify payment errors in their leases. We saved one client $23,800 on 4 small leases (average square feet on the leases were 1,900SF, and the client only had 25 total locations). But excel works just fine for me.
Why shouldn’t I keep using excel spreadsheets to track my leases? For starters, the client referenced above was also using excel spreadsheets, and they had “only” 25 locations. So good luck with that. Excel’s additional limitations are:
Don’t Overpay Rent, Ever again.
Public companies and Private companies that have to issue GAAP financial statements. It will NOT affect private companies that DO NOT issue GAAP financial statements. So mom and pop stores will not be affected by the new lease accounting rules.