New SuiteApp for lease accounting meets Oracle NetSuite SuiteCloud Platform development standards and best practices
ATLANTA – June 21, 2022 — LeaseQuery, a leading provider of lease accounting software, today announced that its lease accounting product, LeaseQuery for NetSuite, has achieved ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations manage their lease accounting processes efficiently, while promoting compliance with ASC 842 and IFRS 16 lease accounting standards.
“We are thrilled to align with Oracle NetSuite to help companies transform their lease accounting processes,” said George Azih, founder and CEO, LeaseQuery. “LeaseQuery for NetSuite expands our powerful and secure lease accounting solution to facilitate regulatory compliance for NetSuite customers and increase their overall accounting efficiencies.”
LeaseQuery for NetSuite is a lease accounting solution built natively in NetSuite. In addition to extensive compliance capabilities, it helps organizations with right-of-use asset calculations, amortization schedules, accurate journal entries, and lease classifications, all within the NetSuite application.
“Understanding the financial impact of leasing activities and remaining compliant are crucial to a company’s financial health,” said Guido Haarmans, GVP, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for lease accounting and can help NetSuite customers automate compliance with the new lease accounting standards.”
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like LeaseQuery for NetSuite, have been built to meet these standards.
For more information about Built for NetSuite apps, please visit www.netsuite.com/BuiltforNetSuite. For more information about LeaseQuery for NetSuite, please visit https://www.suiteapp.com/Lease-Query-Lease-Accounting-for-Net-Suite.
Oracle NetSuite’s SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading cloud-based financials / ERP software suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly created mission-critical applications built to extend the power of NetSuite.
The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) that build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit https://www.netsuite.com/portal/developers/overview.shtml.
LeaseQuery makes accountants’ lives easier by simplifying the complex with technology. More than 28,000 financial professionals globally rely on our cloud-based, CPA-approved solutions and in-house accounting expertise to comply with confidence across various FASB, GASB and IASB accounting standards. Our software helps businesses minimize risk, increase efficiency, and reduce costs. Learn more about LeaseQuery’s core accounting solutions, which focus on easing mandatory compliance under ASC, IFRS, and GASB regulations, or explore additional accounting tools. For more information, visit LeaseQuery.com.
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