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ASC 842 Lease Accounting Software

Compliance you can trust for ASC 842. Schedule a demo to see our unmatched suite of features and functions.

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Here’s what we’ll cover during your ASC 842 demo:

A comparison of financial statements under ASC 840/IAS 17 vs. ASC 842/IFRS 16

Complete disclosures meeting the requirements outlined in the respective guidance

Built-in controls for data accuracy

How to enter a lease in minutes, including all pertinent details

How the system distinguishes between capital/finance and operating leases

How to track all changes made to a lease

Customizable and standardized reports

Transition journal entries from ASC 840/IAS 17 to ASC 842/IFRS 16

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ASC 842 Lease Accounting Software Features

ASC 842 Compliance

LeaseQuery’s ASC 842 lease accounting software is proven to unlock new efficiencies and simplify accounting for your leases. The cloud-based solution sets users up for day one and long-term compliance.

Comprehensive Reporting

Comprehensive reports and disclosures required for ASC 842 compliance are made available out of the box with our enhanced reporting studio. Custom reports are also available based on any allocation, for any time period you choose.

Central Repository

Make the auditing process more efficient and transparent by giving management and external auditors access to download all necessary and compliant lease documents within the software.

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ASC 842 Software You Can Trust for Your Lease Accounting

LeaseQuery will equip your team with the tools to work more efficiently, strengthen the audit process, and empower smarter financial decisions as you transition to the new ASC 842 standard.

Plus, we have the largest team of in-house accountants to advise you through the transition process and help you properly apply the new standards.

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Meet The Accountants Behind Our Software

Experienced accountants build our products and assist our clients every step of the way.

Jennifer Booth

VP of Accounting

Jennifer has over 16 years of experience in audit and technical accounting. She currently advises our in-house accountants on the more challenging aspects of lease accounting and works with our developers to perfect our software.

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Sarah O'Sullivan

Director of Product

Sarah has over 16 years of accounting and finance. She started her career in the audit practice at Deloitte and served in technical accounting and financial reporting roles for Fortune 500 companies in the manufacturing industry.

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Benjamin Belk

Accounting Manager

Benjamin joined our technical accounting team after working as a Senior Auditor at a major accounting firm, where he led the engagement team through SEC filings of quarterly/annual results and guided clients through the adoption of the new standards. He has a Bachelor’s degree in business administration-accounting from Appalachian State University and a Master’s degree in accounting from Wake Forest University.

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Amanda Payne

Accounting Manager

Amanda is an experienced accounting professional with a demonstrated history of working in the accounting industry in Assurance Services. She has a Master’s degree in accountancy from Troy University and a Bachelor’s degree in accounting from The University of Alabama.

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LeaseQuery Reviews

“LeaseQuery has saved us at least 200 hours a year… We’ve saved time, gotten enhanced reporting, and it’s more accurate.”

– General Ledger Manager at Burns & McDonnell

“It’s made it easier for other people in the company to have access to the same information that I have.”

– Monica Hoffart, Accounting Supervisor at Community Bank N.A.

“LeaseQuery came in at the right budget and did everything we wanted it to.”

– Weston Curtis, Senior Corporate Accountant at Boart Longyear

“I just continue to be very sure that we made the right decision.”

– Al Horcher, Director of External Reporting at Enzo

Try the #1-rated, ASC 842 Lease Accounting Software