LeaseQuery Features
LeaseQuery simplifies complex accounting for any leased asset and brings all your lease information into a single, cloud-based subledger that can integrate with any ERP.
CPA-Approved Accounting
LeaseQuery was built by accountants to provide a long-term lease accounting solution with:
- Compliance for ASC 842, IFRS 16, GASB 87, GASB 96 and SFFAS 54.
- SOC 1 Type 2 reports issued bi-annually assessing LeaseQuery’s internal controls over financial reporting
- More than 40 accountants on staff
Superior Service
Every LeaseQuery client has access to our dedicated customer success professionals as well as:
- Daily office hours staffed by certified lease accounting analysts
- 24/7 access to a frequently updated knowledge base
- Customer center providing one-stop access to all resources
- On-demand training webinars
- Free CPE webinars on lease accounting topics
Compliance Out of the Box
- Journal entries
- Amortization schedules
- All required quantitative disclosures
- Practical expedient application
- Accurate calculations for lease changes
Accounting Intelligence for Complex Scenarios
- Custom calendar
- Embedded lease and lease classification tests
- Multi-currency functionality, including translation and remeasurement
- Dual-standard reporting
- Impairments
- Variable payments
- Catch-up adjustments and reconciliations for missed leases and missed lease changes
Controls for Data Integrity
- Role-based access
- Audit trail and lease change history
- Data entry validation and duplicate entry prevention
- Locking journal entries
Operational Efficiency
- Critical date reminders
- Central document repository for easy document retrieval
- Read-only auditor access
- Third party integrations with any ERP or GL system
- AI-assisted lease data entry
Robust Reporting
- Over 100 standard reports
- Complex reporting including roll forwards and historical reporting
- Budgeting, forecasting, and AP reports for expense management
- Flexible reporting studio for simple report customization and template creation
- Report scheduling and sharing functionality
Lease Administration
- Automated lease abstracts
- Custom contacts and contact tracking
- Payment, date, and task tracking as well as critical alerts
- Ability to attach documentation to leases
Data Security
- SSL Encryption
- Firewall and application security
- Managed hosting and backup through AWS
One Stop Governmental Solution
- Lessor and Lessee accounting for GASB 87 and SFFAS 54
- GASB 96 compliance module
- Fund accounting
