ASC 842 Compliance
LeaseQuery’s ASC 842 software is proven to unlock new efficiencies and simplify accounting for leases. The cloud-based solution sets users up for day one and long-term compliance.
Reports and disclosures required for ASC 842 compliance made available out of the box. Custom reports are also available based on any allocation, for any time period you choose.
Make the auditing process more efficient and transparent by giving management and external auditors access to download all necessary and compliant lease documents.
Check out our ASC 842 transition checklist
- Develop a centralized accounting process
- Enter data and view changes in real-time
- Accurate audit trails noting lease entries, modifications, and approvals
- Easy access to your lease documents anywhere there’s an internet connection
Secure and IT Approved
- Data entry validation protocols requiring approval for all updates made to a lease
- Functionality that reinforces internal controls in accordance with the Sarbanes-Oxley (SOX) Act
- Secure firewalls, ensuring only authorized network users can access information
- Generate automated reports for complex lease calculations
- Set up alerts to keep critical ASC 842 deadlines top-of-mind
- Improve lease accounting tasks related to payment schedules, disclosures, reconciliation, support, and more with the ease of automation