LeaseQuery: Cloud-Based Lease Accounting Software

See why LeaseQuery, powered by FinQuery, is the #1 rated lease accounting software by CPAs

• Lease Accounting. Auto-generate error-free amortization schedules, journal entries, and disclosure reports.
• Compliance. Create compliance documents including ASC 842, GASB 87 and 96, IFRS 16, SFFAS 54 and FRS 102.
• Dashboard. Monitor your portfolio from one dashboard. Track payments. Alerts for expiring leases and due dates.

Features

CPA-Approved Lease Accounting

CPA-approved journal entries, amortization schedules and disclosures for ASC 842, IFRS 16, and GASB 87.

Compliance for Complex Scenarios

Easily handles complex scenarios including dual standard reporting, custom calendar, variable payments, point-in-time reporting, catch-up adjustments and more.

Seamless Transfer

Transferring your leases is easy with bulk upload capabilities, AI-assisted lease entry, and our superior support team working with you to convert, transfer, and reconcile your data.

General Ledger Integrations

Integrate with ANY general ledger including NetSuite, Infor, Acumatica, Sage, Microsoft, SAP, QuickBooks, and Workday. Or use our ledger agnostic journal entries to comply without an integration.

User Friendly

Built by accountants, for accountants to simplify your work life. Features like a frequently updated help center, on-demand training, and daily office hours make learning the tool a breeze. AI-assisted lease entry, read-only auditor access, and push button reporting make day to day use a breeze.

What is lease accounting software?

Lease accounting software provides the calculations and reports necessary to comply with the new accounting standards for leases, including ASC 842 as well as GASB 87, IFRS 16, SFFAS 54, FRS 102, and various others. LeaseQuery software provides everything needed for organizations reporting under FASB, FRC, GASB, IFRS, and FASAB to be in compliance: amortization schedules for the lease liability and ROU asset, journal entries, reports, disclosures, and a knowledgeable support staff. LeaseQuery provides compliant and accurate accounting for both finance leases and operating leases under ASC 842, FRS 102, IFRS 16, GASB 87 and SFFAS 54. For GASB 96 accounting compliance, see our GASB 96 software.

Find the Best Lease Accounting Software for your Business

LeaseQuery Integrations

LeaseQuery seamlessly integrates with any ERP to automate journal entries, reduce errors, and consolidate data from multiple sources. This streamlines your lease accounting process, saving time, unlocking valuable financial insights, and maximizing your return on investment.

Evaluate More Than Just Cost

Occasionally, procurement teams and senior leaders push for the low-cost option, but the cheapest solution may not be best. Understand the software’s features to ensure it has everything needed for long-term compliance and what added value it might bring. Consider features like ad-hoc reporting, storage and management for non-lease contracts, and AI-enabled document extraction.

Lease Accounting Software Reviews

The best way to assess any technology is to hear from those who have used it. Over 66% of B2B buyers say reviews are “very important” in the buying process. Most of LeaseQuery’s customer reviews are from the accountants who perform their company’s lease accounting. Several competitors have received good reviews, but from people in real estate, legal, and lease administration, rather than accountants. When checking out a solution’s reviews, look for how many of those reviews were made by people who understand lease accounting specifically.

Seek Feedback From Your Peers

Go beyond online reviews and reach out to your peers to find out which solutions they’re using. A one-on-one conversation allows you to ask questions you may not see addressed in a review. The demanding landscape of lease accounting, with its complex standards, compliance requirements, and staffing challenges, may have resulted in some companies adopting solutions that lack the necessary features and support for sustained compliance. Learning from the experience of your peers and having a keen eye for detail will help you make the right choice.