Steinway Musical Instruments Hits the Right Note with LeaseQuery and Sage Fixed Assets
Steinway Musical Instruments, Inc., a leading manufacturer and distributor of musical instruments, was accounting for their leases manually through the utilization of multiple spreadsheets, prior to implementing the new ASC 842 lease accounting standard.
As a Sage Fixed Assets customer, Steinway had the fixed assets they own already covered. When looking for a lease accounting solution, they found LeaseQuery’s data and reporting functionalities ideal for their business, including the software’s specific audit trails and support for each of the numbers presented in system-driven reporting.
“There are several training sessions with LeaseQuery professionals who have been on the other side—adopting the new standard as employees in private companies—who are able to give a lot of valuable insights as we try to understand the new standard ourselves and how it will impact our business.”
– Accounting and Tax Director, Travis Weschler, CPA