Lease Accounting
Features and Functionality

Make sure you have the right features to comply confidently with ASC 842, IFRS 16, & GASB 87

Comply with complex accounting standards and uncover value in your lease portfolio with LeaseQuery

Comply with confidence

LeaseQuery is built by accountants to simplify complex accounting. Be confident knowing you have the preeminent lease accounting solution:

  • Proven track record of assisting thousands of organizations to successfully transition to and comply with ASC 842, IFRS 16, and GASB 87
  • SOC 1 Type 2 report issued by a Big 4 accounting firm assessing LeaseQuery’s internal controls
  • Agreed Upon Procedures (AUP) engagement performed by a Big 4 accounting firm covering specific LeaseQuery calculations, including lease amortization tables and journal entries generated by the software
expertise you can trust
business intelligence

Solve problems that matter

LeaseQuery empowers you to evaluate where your money is going and identify opportunities to cut costs:

  • Robust reporting suite with over 100 ways to analyze your leases including cost center, geography, rent commitment, and more
  • Critical date reminders to keep your team one step ahead
  • Accurate AP reports to validate the authenticity of invoices received

Operational efficiency built into the system

LeaseQuery promotes refined collaboration and streamlined reporting for teams across the organization, facilitating complete and accurate financial statements:

  • Central repository with easy document retrieval and lease abstracts quickly available to anyone on the team
  • Journal entries available at the click of a mouse
  • Consolidated disclosure and compliance reports available out of the box
operational efficiency
data integrity

Controls to ensure data integrity

Our built-in controls enable you to catch errors before they occur and avoid material misstatements:

  • Data entry validation and duplicate prevention
  • Audit trail and lease change reporting
  • Role-based access, also customizable by subsidiary/location

Security for your data

Keeping our clients’ data safe is a top priority.

  • SSL Encryption keeps data safe in transit
  • Firewall and application security protect data from unauthorized access
  • Managed hosting and backup by AWS ensures data is always available

We ensure you comply with ASC 842, IFRS 16, & GASB 87

One Provider for Complex Accounting Solutions and Expertise

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