CPA-Approved accounting for leases, accrued and prepaid expenses.
Simplified Accounting Compliance
CPA-approved calculations, amortization schedules, and journal entries for your leases and accrued and prepaid expenses.
Critical Alerts
No more surprise renewals or missed opt-out dates. Get automated renewal and critical date alerts for all the leases and contracts in your portfolio.
Efficiency & Time Saving
Alleviate the burden of manual work by emailing leases, contracts, invoices and more, directly to the system, where AI-assisted entry pulls important information and matches documents to existing records.
Your dedicated subledger for lease, accrual, and prepaid accounting.
Lease Accounting and Management
Market-leading, AI-enabled lease accounting software simplifies lease accounting and lease management providing timely insights about your leased assets for confident compliance and maximum value.
Automated Accrual & Prepaid Accounting
AI-powered platform extracts key financial details and sets up correct expense treatment – automating schedules, amortization, and journal entries directly from source documents. By centralizing the close and proactively identifying missing invoices, your team can enhance financial controls and reduce manual effort by 80%—all without changing existing workflows.
Lease Accounting Software Solutions
Our premier solution and the market leader for lease accounting.
Trusted solution for simplified compliance and reporting for portfolios of 25 and under.
The #1 solution for lease accounting is now built in NetSuite.
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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
- Compliance for ASC 842, IFRS 16, FRS 102, 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
- 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.
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
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 & SFFAS 54
- GASB 96 compliance module
- Fund accounting
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
- Compliance for ASC 842, IFRS 16, FRS 102, 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
- 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.
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
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 & SFFAS 54
- GASB 96 compliance module
- Fund accounting
Master ASC 842 & Lease Accounting: Navigate updates, calculations, and classifications with our ultimate guide.
This guide simplifies the transition from ASC 840 to 842, covering key calculations and lease classifications you need to know for compliance. Start mastering ASC 842 now.
Download for insights on how to handle:
Lease Classifications
Finance Lease Accounting
Operating Lease Accounting
ASC 842 Transition Examples