Federal International Recycling Simplifies Accounting with LeaseQuery and Sage Intacct
The Challenge
Federal International Recycling, a leading commercial recycling company, was searching for a lease accounting solution to integrate with their ERP, Sage Intacct. The team wanted a more concise way to navigate adopting ASC 842 other than using Excel and ensuring accurate reports and schedules for their auditors was a top priority.
The Solution
Integrating with Sage was a major deciding factor in selecting LeaseQuery. The integration process makes communicating between the two cloud-based systems seamless. With the push of a button, journal entries, accounts payable, and accounts receivable are sent from LeaseQuery’s subledger into their general ledger in Sage Intacct. This saves time and eliminates potential human errors.