Our software works for BOTH Real estate AND Equipment.
Our software is so easy to use, we are the Turbo-Tax for Lease Accounting.
Effectively manage and minimize financial risk associated with lease portfolios;
Instantly generate error-free lease journal entries for posting;
Always be prepared for external or internal financial audits and/or reviews;
Segregate lease entry and lease approval duties to ensure accuracy;
Ensure critical dates (lease renewals, journal entry postings, etc.) are never missed;
Organize all lease documentation to ensure full document control;
Build unlimited reports including the commitments disclosure report in seconds;
Immediately transition to new lease accounting rules;
Determine impact of new lease accounting rules on the lease portfolio;
24-7 access to lease documents/information from any location.
Accounting For Leases: New FASB Lease Accounting Rules
LeaseQuery simplifies accounting for leases of real estate and equipment.
Our lease accounting software already complies with the new IASB and FASB lease accounting rules.
LeaseQuery calculates the ROU asset and lease liability under the new rules.
Our lease management software gives you the journal entries to make at transition.
Get immediate access to the new reports required under the new lease rules.
Lease Accounting Software Developed by Accountants
Our lease accounting software gives you the straight-line amortization of your operating leases and the lease liability amortization of your capital leases.
Face it. Even accountants have some imagination. The principals at LeaseQuery all worked as external auditors for public accounting firms, and also worked in financial reporting for companies ranging in size from small businesses to fortune 500 companies. Our lease accounting software reflects our expertise.
We have sat in your chairs before. Our lease accounting software was created by accountants telling programmers what the system absolutely needed to do. Without complexity. Accountants were in charge here. As a result, LeaseQuery works the way an accountant thinks.
Accounting is really simple, but software makers insist on making it complicated. Why? It’s simple: Complexity sells better. The underlying theme behind our lease management software is two sentences: Avoid complexities. Make everything as simple as possible.
We believe that if you can’t explain something to a six year old, odds are you don’t understand it yourself. As part of testing our lease management software, we enlisted the help of 13 and 14 year olds to enter leases into the LeaseQuery system.
Whatever they did not understand was further simplified. Steve Jobs said it best: “Simplicity is the ultimate sophistication.” Anyone can make something complex; it takes real innovation to make something simple.
Comprehensive Lease Administration Software
Shop around for lease administration software, and you will notice very quickly that while they claim to manage all types of assets, they are actually tailored either to Real Estate or Equipment.
LeaseQuery’s lease administration software handles all types of assets with ease.
If your lease accounting system does not adequately deal with both equipment and leases, you may find yourself in a compromising position when the new accounting rules take effect.
Customize: Comprehensive Lease Management System
LeaseQuery allows you to tailor the lease management system to fit your company’s needs. You can add custom metrics or attributes to the system that are specific to your company or industry.
You can make rules to ensure that all users entering leases include key metrics for all leases in your portfolio. And you can upload your organizational structure to analyze your pre-determined key metrics amongst your company’s divisions or segments. These metrics can be viewed graphically on the dashboard directly on the lease management system.