Lease Accounting Solution - FASB ASC 842, IFRS 16, & GASB

LeaseQuery Features and Functionality

Make sure you have the features necessary to achieve compliance with ASC 842, IFRS 16, & GASB 87

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"It took a time-sucking, life-sucking process and turned it into the click of a button"

Trista — Controller at National Healthcare Organization

"LeaseQuery is years ahead of our external auditors in terms of lease knowledge and financial reporting, saving our company time, money, and resources."

Sarah M. — Tupelo Honey Hospitality Corporation

"We are able to instantly pull up all of the details on any given lease with only a couple of clicks."

Missy W. — Scotland Wright Associates

"The time and productivity savings cannot even be put into words for a team with such stretched bandwidth like ours."

Trista L. — PT Solutions

"This is a breath of fresh air for an occupation that’s usually treated with bored stares, long sighs and slow blinks... I was actually liking lease accounting for the first time in eight years."

Anna K. — Publicly Traded Insurance Company

Comply with lease accounting standards and uncover value in your lease portfolio with our unmatched suite of features and functions

Expertise you can trust

LeaseQuery is purpose-built by accountants for lease accounting. Be confident knowing you have the preeminent lease accounting solution:

Proven track record of assisting 1500+ organizations 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

Intelligence to run your business

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
Create and download journal entries, or post them to your ERP, with the click of a mouse.
Consolidated disclosure and compliance reports available out of the box

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