LeaseQuery

LeaseQuery is a cloud-based software solution that helps businesses comply with lease accounting standards such as FASB ASC 842, IFRS 16, GASB 87 by simplifying lessee and lessor accounting. Entities having numerous leases can eliminate complex calculations through LeaseQuery and track important financial information without the risk of errors associated with manual calculations. The system provides alerts for time-sensitive renewal deadlines so that organizations do not miss out on key opportunities or suffer from unexpected costs.

The software features journal entry preparation and customization tools to calculate straight-line amortization which prevents overpayment of rent while giving users access to comprehensive reports. Additionally, LeaseQuery integrates seamlessly with any ERP, including NetSuite, allowing businesses to stay connected to all their financial data in one place. This ensures efficient workflows across teams and simplifies the process of maintaining compliance with evolving accounting standards like ASC 842 & IFRS 16 as well as both lessees and lessors under GASB 87. Finally, LeaseQuery's powerful search functionality allows users to quickly find documents related to their leases, regardless of type or location making it an essential tool for large enterprises seeking automation of tedious lease-related tasks.