Lessee and Lessor Accounting Software for GASB 87 Compliance
Security and controls
LeaseQuery engages a Big 4 accounting firm to test internal controls bi-annually and issue two SOC 1 Type 2 reports per year, facilitating a smooth audit and compliance with ASC 842, GASB 87 & legacy guidance.
Reports and Disclosures
All of the required reports for GASB 62, 13, and 87 are ready for use straight out of the box. Accountants also have access to unlimited custom reports within the system.
Lessee and Lessor Software
Robust accounting features are available within the solution for both lessees and lessors. LeaseQuery is built to cover both sides of the transaction.
The New Government Lease Accounting Standard Explained
Free RFP Template for GASB 87 Software
Use our free Excel template to get detailed responses about every system
LeaseQuery’s technical accountants are experts on the new government lease accounting standard. To help you with your search for an appropriate software solution, they’ve created this detailed RFP template that’s a must-have for government entities, university systems, healthcare providers, and others reporting under GASB.
The RFP contains several sections where you’ll find technical accounting details, functionalities that are necessary for compliance, as well as pricing considerations. Simply enter your information into our form to receive your copy today.
Get the free Excel template:
Still Navigating Your Transition to the New Government Accounting Standard?
The change from GASB 62 to GASB 87 is complex for both lessors and lessees. Learn how to build a comprehensive lease inventory and accurately transition your leases to the GASB 87 standard with our free transition guide. This guide serves as an excellent addition to the official GASB 87 Implementation Guide.
Included in this guide:
- Step-by-step guide to help you navigate the new lease standard under GASB 87
- Tips to establishing the point person for your GASB transition
- Answers on how to dictate the right lease accounting software for your business