Company Overview

About LeaseQuery

LeaseQuery Details

What SIA Thinks

LeaseQuery is designed to simplify the complexities of lease accounting for your business. As companies move towards compliance with the latest lease accounting standards, including ASC 842, IFRS 16, and GASB 87, LeaseQuery provides a straightforward and easy-to-use solution to manage this transition smoothly.

Whether you're dealing with real estate leases, equipment leases, or other types, LeaseQuery offers tools to accurately track and report all your lease liabilities and assets. The software aims to take the stress out of managing lease data, offering features that allow you to organize leases in one centralized platform, generate required accounting entries, and prepare necessary financial disclosures. This makes it particularly useful for accounting teams that need to ensure precision and compliance.

One of the standout benefits of using LeaseQuery is its focus on accuracy and compliance. The platform is designed by accountants for accountants, meaning that it inherently understands the challenges faced by your team and addresses them head-on. It can handle complex scenarios and calculations, reducing the risk of errors that could lead to financial discrepancies or regulatory issues.

LeaseQuery is more than just a tool for compliance; it’s a way to bring clarity and order to your lease management process. The platform provides insightful reports and dashboards that help you grasp the status of your leases at a glance, aiding in better decision-making. It also offers automation features that save time and reduce manual work, allowing your team to focus on more strategic tasks.

In summary, LeaseQuery provides a reliable and intuitive solution for managing lease accounting. It’s there to help your business stay compliant with standards, reduce errors, and make the entire lease management process more transparent and efficient.

Pros and Cons

Pros

  • Comprehensive reports
  • Streamlines audits
  • Centralized data
  • Simplifies accounting
  • User-friendly interface

Cons

  • Learning curve
  • Data entry time
  • Limited integration
  • Subscription cost
  • Complex setup

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