Imagine this: it's the end of the quarter, and your team is scrambling to close the books. But wait, there's a problem. A critical software license just auto-renewed for a hefty sum, and nobody caught it in time. Sound familiar? You're not alone. The culprit?...
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FinQuery
Your Accounting Software Vendor Got Acquired? Here’s What to Do Now.
So, the accounting software vendor you rely on for financial reporting, journal entries, and audit support was just acquired. Now what? While it might seem like business as usual at first, this kind of change can have a material impact. Here's your guide to...
Contract Management, Tracking, and CLM Explained
1. What is contract management? 2. Why is contract management important? 3. What is contract management software? What is contract tracking software? What is contract lifecycle management software? 4. Which contract management software is best for Finance and...
Transform Your Budget with Contract Intelligence: A CFO’s Guide
Introduction CFOs have evolved beyond their traditional role as financial gatekeepers. They are now strategic architects, driving pivotal business decisions and shaping the future of their organizations. With the rise of contract intelligence, CFOs now have a...
Accelerating Your Close: Best Practices for Smooth Month-End, Quarter-End, and Year-End Operations
Closing the books at the end of each month, quarter, or year is demanding for accounting teams. The pressure to meet tight deadlines while ensuring accuracy often leads to long hours and increased stress. However, by adopting best practices and leveraging technology,...
Financial Contract Management: Leveraging Contract Data For Key Financial Reports
Financial contract management is more than just keeping tabs on agreements. Contracts are the blueprints of your financial commitments, revealing who owes what and when it's due. With effective financial contract management, you turn those contracts into a powerful...
FinQuery Unveils Enhanced Focus on Budget Planning with New Tools and Resources
FinQuery aims to make finance and IT professionals the budget heroes of their organizations August 21, 2024 (ATLANTA) - FinQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today unveiled a specialized...
FinQuery, Formerly LeaseQuery Makes the Inc. 5000 For the 4th Time
Continued innovation and strategic expansion propel Atlanta-based FinTech company to its fourth consecutive year on the Inc. 5000 list ATLANTA, August 19, 2024 – Inc. revealed today that FinQuery has been recognized on the 2024 Inc. 5000, its annual list of the...
FinQuery’s Journey to the Cloud: A Cloud Migration Story
As FinQuery continues to grow, so do the demands on our infrastructure. We recently embarked on a significant project to migrate one of our core product lines from a cloud Platform-as-a-Service to AWS. This wasn't just a technical lift-and-shift; it was a strategic...
The New Frontier of FinOps: SaaS Licensing and Usage
Introduction Since the introduction of the first commercial cloud in 2006, cloud computing has taken the business world by storm. More than 90% of organizations use the cloud today according to the latest O'Reilly Cloud Adoption Report and the costs are adding up....
From MSP to DIY: 5 IT Challenges to Master For Success
Introduction Outsourcing IT can be an attractive option for small businesses just getting started, or for companies looking to focus on their core competencies and prioritize other initiatives. But as organizations' needs change, transitioning from a Managed Service...
Managing Software Assets Effectively in the SaaS Era
In today's fast-paced, software-driven world, managing software usage and cost is no longer a luxury—it's a necessity. The advent of SaaS (Software as a Service) has dramatically changed how organizations approach this problem, presenting new challenges and...
Software License Types, Examples, Management, & More Explained
1. What is a software license? 2. How do software licenses work? 3. Why are software licenses important? Why are EULAs important? 4. Software licenses vs. SaaS 5. Software license types and licensing models Public domain license GNU lesser general public license...
G2 Recognizes FinQuery as #1 Lease Accounting Software, Citing Exceptional Customer Reviews
FinQuery's Lease Accounting Software Achieves Unprecedented 13-Quarter Streak as G2 Leader ATLANTA – July 9, 2024 – FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today...
Be a Budget Hero: 5 Tips for Effective SaaS Budgeting
Introduction Software as a Service (SaaS) has become an indispensable part of the operational infrastructure of business, often ranking alongside leases and payroll as a top three expense. Given its significant impact on the balance sheet, thoughtful and effective...
FinQuery Shortlisted in the 2024 SaaS Awards
International Software-as-a-Service Awards Program Announces its Shortlist Atlanta – June 25 2024 – FinQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today announces it has been shortlisted in The...
Provisioning and Deprovisioning Software: Risks, Processes, and More Explained
1. What are provisioning and deprovisioning? Provisioning meaning Deprovisioning meaning 2. The importance of comprehensive provisioning and deprovisioning processes 3. Understanding the risks of software provisioning and deprovisioning Compromised security...
FinQuery Unveils Automated Catch-Up Lease Actions for Streamlined Accounting
Latest lease functionality ensures financial data remains up-to-date, accurate, and compliant, regardless of when the lease information is recorded. ATLANTA – June 11, 2024 – In an innovative step forward for lease accounting, FinQuery announces the launch of its...
A Step-by-Step Guide to Determining SaaS Cost Per Employee
As businesses increasingly rely on Software as a Service (SaaS) applications, understanding the costs associated with these subscriptions is essential to effective budgeting and financial management. Ahead of budget season, one significant metric to consider is the...
FinQuery, formerly LeaseQuery, Named 2024 APPEALIE Overall SaaS Award Winner
FinQuery Software Management recognized for demonstrated excellence and customer outcomes June 4, 2024 (ATLANTA) - FinQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today announces that FinQuery...
Transforming User Lifecycle Management to Unlock Efficiency
Software is now one of companies’ top three expenses, along with real estate and people, due to the explosion of businesses' software usage over the last decade. This has made user lifecycle management (ULM) more critical than ever. ULM is the process of managing user...
FinQuery Announces New Self-Study Program for Continuing Professional Education Credits
CPE program expands accessibility and offerings to support accounting professionals' growth and industry knowledge ATLANTA – May 16, 2024 – FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas...
FinQuery, formerly LeaseQuery, Recognized for Exemplary Workplace Culture by BDO Alliance USA
FinQuery honored with Excellence Award by Leading Accounting and Professional Services Firm ATLANTA – May 13, 2024 – FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today...
Preparing for Budget Season: How a Mid-Year SaaS Review Can Help
Want to ensure a smoother budget season? Conduct a mid-year review to take better control of your technology expenditures. SaaS spending can greatly impact a company's bottom line, which should make SaaS cost management an important item on the controller's to-do...
Software Contract Management: Driving Efficiency for Businesses
Software has become the backbone of modern business, but along with its many benefits comes licenses, subscriptions, and service agreements to manage. The proactive management of software contracts is a pivotal task for IT and finance professionals at forward-thinking...
Application Rationalization: Overview, Key Benefits, and How to Implement
Balancing the operational requirements of the business with the financial constraints that organizations face is a tricky task for IT professionals and CIOs. But, there's a critical process that can help you manage and even thrive under these pressures: application...
FinQuery, formerly LeaseQuery, Recognized as One of Atlanta’s Fastest Growing Companies by Atlanta Business Chronicle
FinQuery named among 100 fastest-growing companies in annual Pacesetter awards ATLANTA – April 26, 2024 – FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today announced its...
Unlocking the Power of Lease Accounting Data: A Guide for FP&A
Financial Planning & Analysis (FP&A) plays a crucial role as a strategic partner to the business, utilizing financial analysis and forecasting to help guide decision-making. Their responsibilities include drafting budgets and forecasts, optimizing the...
FinQuery, formerly LeaseQuery, Announces $25 Million Investment to Accelerate Product Innovation and Growth
Investment from Periphas Capital and Lavelle Capital to support FinQuery’s mission to make lives easier by simplifying complex workflows with technology Atlanta, GA – April 24, 2024 – FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to...
Software Asset Management Guide: Best Practices, Processes, Tools, & More
1. What is software asset management? 2. Defining a "software asset" Costs of software assets Operational impact of software use 3. Software asset management goals 4. SAM metrics: Measuring success 5. SAM roles and responsibilities 6. Software asset management...
How IT Teams Can Take on SaaS Management Challenges
SaaS applications are easy to acquire and use, creating major headaches for anyone responsible for managing them. IT departments are already short-staffed, and keeping up with a growing number of software subscriptions requires a constant effort. If you aren’t aware...
Revolutionize Financial Management with Contract & Spend Intelligence
Today's CFOs face a rapidly changing landscape, with their roles evolving beyond traditional financial responsibilities. They are no longer just gatekeepers of financial accuracy or bean counters diligently tracking expenses, but rather key architects of business...
What Is SaaS Sprawl and What Can You Do About It?
SaaS sprawl has quickly become a serious problem for most businesses. It eats away at the bottom line, creates confusion for software users, and increases cybersecurity risks. As companies adopt more software to solve complex problems, they need to take a proactive...
Bonds Payable: Understanding the Basics of Accounting for Bonds
1. What are bonds payable? Interest in bonds Discount vs. premium Issuance costs 2. Bonds payable accounting Amortization of the discount or premium 3. Summary 4. Related articlesWhen an organization requires additional funds, a common action is to borrow money from a...
FinQuery, formerly LeaseQuery, Named 2024 SIIA CODiE Award Finalist in Best Emerging Technology Category
FinQuery Software Management, formerly StackShine recognized by peers as a Market Leader Atlanta, GA – April 2, 2024 - FinQuery, a leading provider of solutions built to efficiently manage companies’ largest areas of spend, today announces that FinQuery Software...
Software Subscriptions vs. Licenses: Differences, Benefits, & More
If you’ve bought software in the last ten years, it was probably with a subscription. Wondering how the subscription model differs from the old way of buying software? Here’s an overview of the two common software purchasing models, how subscriptions came to dominate...
FinQuery, Formerly LeaseQuery, Introduces FinQuery Contract Management to Transform Post-Signature Contract Management
FinQuery’s new contract management solution is purpose-built to provide insight and intelligence into organizations’ contractual financial obligations Atlanta, GA – February 27, 2024 - FinQuery, a leading provider of solutions built to efficiently manage companies’...
LeaseQuery Rebrands to FinQuery, Reflecting Company’s Focus on Contract and Spend Intelligence
The technology provider’s transformative rebrand and enhanced offerings highlight its dedication to meeting evolving customer and partner needs ATLANTA – February 8, 2024 – LeaseQuery, a leading software provider with solutions built to efficiently manage companies’...
LeaseQuery Experiences Impressive 2023 Growth, With 79% Increase in New Customers
Atlanta-based technology provider enhances product offerings, client roster, and industry influence throughout the year ATLANTA - January 10, 2024 - LeaseQuery, a fast-growing software provider with solutions built to efficiently manage companies' largest areas of...
November 2023 Accounting Tech Summit Recap
Recently, LeaseQuery hosted a virtual summit highlighting current challenges and frequently asked questions regarding technology and the accounting industry. At the free CPE event, over 750 attendees heard accounting and finance thought leaders discuss their...
Our Recipe For The Perfect SaaS Spend Management Strategy
The holiday season is here, and everyone is focused on the delicious food being prepared for Thanksgiving day. While you might have the perfect pumpkin pie recipe, we have the perfect recipe to manage your SaaS spending this fall. SaaS management strategy ingredients...
There’s Still Time to Improve Your Lease Accounting
For many organizations, audit season is approaching. This means this is a great time to reassess your current processes and policies for lease accounting. Your organization may have only gone through one or a couple of audits after adopting ASC 842. Post-adoption, new...
LeaseQuery’s Technology Brief Highlights Critical Role of Software in Facilitating Compliance and Reducing Spending
Leading lease accounting software provider points to larger SaaS spend management strategy to increase efficiency and reduce costs ATLANTA, November 16, 2023 – LeaseQuery, a fast-growing software provider with solutions built to efficiently manage companies’ largest...
Expense Management vs. SaaS Spend Management: What’s the Difference?
With the rate technology is growing each year, businesses are relying more and more on software and applications to automate processes and create more efficient workflows. It’s easy to get confused when you are searching for a software solution for a specific problem....
Stackshine Co-Founder, Chris Curran, on the Cutting Edge of SaaS Spend Management Joins LeaseQuery Following Acquisition
ATLANTA, October 19, 2023 – Stackshine, powered by LeaseQuery, a fast-growing provider of software built to efficiently manage companies’ largest areas of spend, announced Chris Curran as Director of Sales, SaaS Spend Products following its recent acquisition....
What Is Shadow IT? How Do You Deal With It?
1. What is shadow IT? Shadow IT examples 2. Shadow IT risks Wasted investments Lack of visibility and control Security gaps and data leakage Compliance issues 3. Why do people use shadow IT? High employee satisfaction Individual productivity 4. Best practices for...
Do You Know How Much Your Company Spends on Software?
1. Why software costs can be hard to pin down Lack of planning and organization Unclear lines of accountability 2. The cost of inadequate SaaS spend management 3. Who should worry about hidden software costs? 4. How SaaS spend management enables you to take control of...
Power Users vs. Administrators: Roles, Responsibilities, and More Explained
1. Power users vs. administrators: Know your user base Administrator Power users Standard users Inactive users 2. How admins can work with users to be more strategic Identify and work closely wth your power users Make finance a strategic partner 3. Make SaaS spend...
LeaseQuery Customer, Harvest Hosts, Boasts Immediate ROI With StackShine SaaS Spend Management Adoption
After implementing LeaseQuery’s Stackshine software, Harvest Hosts gained immediate visibility into 200+ previously untracked SaaS applications – improving budgeting, security, and forecasting ATLANTA – September 26, 2023 – Stackshine, powered by LeaseQuery, a...
Software License Audits and Why You Need One
1. What is a software license audit and why is it important? 2. Benefits of performing a software license audit Maintain software quality Remove unused licenses Improve business operations Create a better software budget 3. How to prepare for your software audit...
What Are Zombie Accounts and How Do You Fix Them?
The average employee uses nine apps per day for work. What happens to their accounts when they leave the company or switch teams? In many cases, they turn into zombie accounts. What are zombie accounts? When an account hasn’t been used for an extended period, it...
LeaseQuery Recognized as a Major Player in the IDC MarketScape on Lease Accounting and Administration Applications
ATLANTA - September 12, 2023 - LeaseQuery, a leading provider of software built to empower accounting and finance teams to efficiently manage their largest areas of spend, today announced that it has been named as a Major Player in the IDC MarketScape: Worldwide SaaS...
LeaseQuery Named One Of Atlanta’s Best Places to Work For a Second Consecutive Year
The Atlanta Business Chronicle included the software company on the 2023 list of the best companies to work for in the Atlanta area. ATLANTA – September 07, 2023 – LeaseQuery, a fast-growing provider of software built to empower accounting and finance teams to...
Tips to Ace Your ASC 842 Audit
Summer is winding down, and it’s time for students to head back to school. While your children are in the classroom this fall, you can brush up on your lease accounting and post-transition audit knowledge. This blog combines recent survey data and LeaseQuery tools to...
LeaseQuery Named to Inc. 5000 for a 4th Consecutive Year
With a three-year revenue growth of 107 percent, LeaseQuery ranks among America’s Fastest-Growing Private Companies ATLANTA - August 17, 2023 – Inc. revealed that LeaseQuery is included on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in...
LeaseQuery Acquires SaaS Spend Management Platform Stackshine to Help Companies Track and Optimize Software Spend and Usage
The deal enables LeaseQuery to tackle the next significant challenge facing organizations – SaaS operations and spend management ATLANTA – August 8, 2023 – LeaseQuery, a fast-growing provider of software built to empower accounting and finance teams by simplifying the...
LeaseQuery to Provide Services to BDO Alliance USA
The company's top-tier lease accounting solution will be available to growing businesses and professional services firms ATLANTA - July 28, 2023 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the company...
LeaseQuery Powers Ahead with Mid-Year Momentum, Now Supporting 7,000 Organizations
Strong growth and product innovation solidify LeaseQuery as an industry leader ATLANTA - July 26, 2023 - LeaseQuery, a fast-growing provider of software built to simplify the complexities of accounting, has announced remarkable first-half performance, solidifying its...
LeaseQuery and Sovos Announce New Partnership to Expand Offering for NetSuite Customers
This partnership between industry leaders offers customers more purpose-built accounting capabilities and expertise ATLANTA - July 12, 2023 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its partnership...
2023 Accounting Tech Summit: Valuable Insights
LeaseQuery recently conducted a free virtual event to help accountants identify how technology can aid in a variety of accounting tasks and transformations. Over 750 event attendees heard accounting experts discuss how technology impacts day-to-day accounting tasks...
ASC 840 vs ASC 842: Differences between the Old and New Lease Accounting Standards
1. ASC 840 summary Balance sheet recognition for operating leases ASC 840 to ASC 842 transition date 2. ASC 840 vs ASC 842 Determination of lease classification Lease classification criteria Lease payments, executory costs, and tenant improvement allowances Fair value...
LeaseQuery Recognized by SIIA as Best Compliance Solution
LeaseQuery earns prestigious industry recognition for a second consecutive year ATLANTA, GA (June 27, 2023) – LeaseQuery, a fast-growing provider of software built to simplify the complexities of accounting, was named the best Best Compliance Solution of 2023 as part...
LeaseQuery Completes System and Organization Controls (SOC) 1 Examination
The completion of the SOC 1 report showcases LeaseQuery’s dedication to implementing proper internal controls ATLANTA - June 1, 2023 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the completion of the...
LeaseQuery Solutions Garner Industry Recognition in Atlanta’s Technology Market
Atlanta lease accounting software proves itself a force in local and national tech industries ATLANTA – May 31, 2023 – LeaseQuery, a fast-growing provider of software built to simplify the complexities of accounting, continues to earn recognition in Atlanta’s...
Helping Your Accounting Team Succeed on NetSuite
Guest post article by Anchor GroupNetSuite, in its simplest form, is an accounting software. Every NetSuite implementation is different, and switching over to NetSuite ERP can affect every area of an organization, from manufacturing to warehouse operations, CRM, sales...
Leases Are More Than Just Real Estate & All Industries Have Leased Assets
Heads up! You may have more leases subject to compliance than you realize. Do you rent any equipment for your business? Do you have any service contracts granting you access to specific assets? If you answered “yes” to either of these questions, you likely have a...
LeaseQuery Named 2023 SIIA CODiE Award Finalist in Business Technology, Best Compliance Solution
LeaseQuery has been recognized by peers as a market leader. ATLANTA - May 17, 2023- LeaseQuery, a leading provider of software built to simplify the complexities of accounting, announced today it has been named a 2023 SIIA CODiE Award Finalist in the Business...
LeaseQuery Names Justin Smith as Chief Financial Officer
Goldman Sachs executive brings deep financial advisory experience with software technology companies. ATLANTA — May 9, 2023 —LeaseQuery, a leading provider of lease accounting software, has hired Justin Smith to serve as chief financial officer (CFO). Justin brings...
LeaseQuery Named Top Lease Accounting Software on G2 Crowd Eight Quarters in a Row
Real users on G2 rated LeaseQuery as the no. 1 software on the market for the past two years. ATLANTA — April 21, 2023 —LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced it has once again been identified as...
LeaseQuery Joins the Information Technology Alliance (ITA) as an Alliance Partner
ATLANTA, GA - April 12, 2023 – Being recognized for its clear commitment to providing superior technology products and solutions to small- and mid-market businesses, LeaseQuery has joined the Information Technology Alliance (ITA). ITA is the highly-regarded...
Depreciation Expense & the Straight-Line Depreciation Method Explained with a Fixed Asset Example & Journal Entries
1. What is depreciation? Depreciation expense Accumulated depreciation 2. Depreciation methods in accounting Straight-line method of depreciation Declining balance method of depreciation Sum-of-the-years’-digits depreciation method Units of production depreciation...
Related Party Leases under ASC 842: Review of the Accounting Changes
Update to ASC 842 for Common Control Arrangements Common control leasing arrangements are frequent among private companies for various reasons, including tax planning and legal liability. However, private companies have found applying ASC 842 to these types of leases...
March 2023 LeaseQuery GASB Summit: Key Insights
March 2023 LeaseQuery GASB Summit: Key Insights On March 23, LeaseQuery hosted another virtual GASB Summit, during which accounting experts explored the new GASB lease accounting standards, GASB 87 and GASB 96. Over 840 attendees of the free CPE event heard speakers...
What Are Fixed Assets? Fixed Assets in Accounting Explained
1. What are fixed assets? 2. What are the three types of fixed assets? 3. What are some examples of fixed assets? 4. How do you account for fixed assets? 5. How do you calculate fixed assets? 6. What are the advantages of fixed assets? 7. What are the disadvantages of...
SaaS Spend Management Explained and Best Practices
The swift rise of the remote workforce moved a significant amount of technology to the digital cloud. If your organization uses software applications, you’re likely using Software as a Service (SaaS). While the IT department should keep tabs on these contracts, they...
Post-Transition Policy and Procedure Considerations for Lease Accounting
Wondering what’s next after successfully transitioning to ASC 842? Whether a company is using a lease accounting software or has minimal leases to account for manually, it’s imperative to have policies and procedures in place going forward. To ensure your...
LeaseQuery Completes First System and Organization Controls (SOC) 1 Type 1 Examination for its LeaseQuery for NetSuite Product
This report demonstrates LeaseQuery’s commitment to implementing the proper internal controls across its product lines. ATLANTA - February 22, 2023 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the...
LeaseQuery Announces Completion of System and Organization Controls (SOC) 1 Type 2 Examination for its LeaseQuery Advanced Product
The issuance of the SOC 1 report demonstrates LeaseQuery's commitment to the internal controls expected by our customers. ATLANTA - February 22, 2023 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its...
Signs It’s Time to Break Up With Your Lease Accounting Software
With Valentine’s Day this month, love is in the air. And with love comes heartbreak. Breakups don’t just apply to relationships. They can also apply to professional partnerships. Some companies may have selected a lease accounting solution without considering the...
2022 Year In Review
LeaseQuery was busy in 2022! After two years of uncertainty due to the pandemic, we are thrilled to be hosting in-office events again. With 138 new employees on the team, we are ready to hit new milestones as we continue to grow into 2023. Thanks to the hard work of...
LeaseQuery Reports Record Growth in 2022
ATL-based accounting technology provider broadened product offerings, resources and client roster exponentially throughout the past year ATLANTA - February 1, 2023 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today...
LeaseQuery Augments Channel Program with the Addition of Nancy Teixeira
Channel expert set to help the company continue its rapid partner program expansion ATLANTA - Jan 26, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the addition of industry veteran, Nancy Teixeira...
Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example
1. Capitalization of leases and fixed assets ASC 840 – Capital leases and fixed assets on the balance sheet ASC 842 – Operating leases now capitalized Accounting for finance leases vs operating leases 2. Similarities in accounting policies Capitalization thresholds –...
How to Keep Your Accounting Team Happy in 2023
According to a recent article from the Wall Street Journal, over 300,000 U.S. accountants and auditors have left their jobs in the past two years. The number of college students coming into the field isn’t enough to fill the missing positions. January is a tough time...
LeaseQuery Named the Leading Lease Accounting Software in the G2 Winter Grid Report
Lease accounting solution received high customer satisfaction scores from real users on G2 ATLANTA - December 16, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced it has been identified as the leading...
LeaseQuery and FloQast Announce New Partnership to Streamline Lease Accounting and Revenue Reconciliation Processes
This partnership between industry leaders offers customers more purpose-built accounting capabilities and expertise ATLANTA - Dec. 13, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its partnership...
Accounting Experts Come Together for LeaseQuery’s Fifth Virtual LEASE Summit of 2022
The free virtual event provides 3.0 hours of CPE credit and key insights for the transition to ASC 842 ATLANTA - December 7, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the LEASE Summit – The...
The Accountants Gift Guide – Tech Wishlist
LeaseQuery recently asked over 200 accountants what technology they need to gain efficiencies and optimize workflow. Our Annual Accountants Survey: Top Challenges & Tech Wishlist provides insights into the ways the accounting industry views and uses technology....
LeaseQuery Ranked Among the Fastest-Growing Companies in North America on the 2022 Deloitte Technology Fast 500™ for a Third Year
Lease accounting technology vendor attributes 304% revenue growth to its proven combination of user-friendly software solutions and trustworthy in-house accounting expertise ATLANTA - November 16, 2022 - LeaseQuery, a leading provider of software built to simplify...
Accountants Invest in Technology To Keep Up With Mounting Demands – LeaseQuery Survey
Accountants reveal their technology wishlists and implementation challenges at their firms ATLANTA – NOVEMBER 1, 2022 – The movement towards more technology investment for accountants is driven first and foremost by the need for efficiency, streamlined workflows and...
LeaseQuery Announces New AI Capability to Automate Lease Abstraction, Lease Entry
Atlanta, Ga., October 18, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the addition of new AI capabilities to enable lease abstraction and lease entry. Combining accounting technology with the...
Don’t Ghost The New Accounting Standards
Are you afraid of the looming accounting standards? ASC 842, GASB 87, and GASB 96 may be frightening, but ghosting them isn’t the right answer. At some point, you have to approach compliance head on. While you should beware of the repercussions of noncompliance, there...
September 2022 Accounting Tech Summit Recap
September 2022 Accounting Tech Summit Recap LeaseQuery recently hosted a successful summit highlighting current challenges and frequently asked questions regarding technology and the accounting industry. At the free virtual event, over 728 attendees heard accounting...
Debt Accounting under ASC 470 and GASB 34: Overview, Loans/Notes Payable, and Bonds Payable
1. Introduction to debt accounting 2. Financial statement recognition Initial measurement and recognition Short-term vs. long-term classification Subsequent measurement and amortization 3. Types of debt Secured vs unsecured debt Notes payable and loans payable Bonds...
Lease vs. Buy Analysis and Calculator for Business – How to Determine When to Lease or Buy an Asset
1. Benefits of leasing vs. buying Benefits of leasing Benefits of buying Disadvantage of leasing Disadvantage of buying 2. Lease vs. Buy Analysis: Five Factors to Consider 1. How long will you need the item and how much is it worth? 2. What is feasible for your...
LeaseQuery Continues to Invest in the Public Sector
Accounting technology company places keen emphasis on supporting public organizations to achieve lease accounting compliance ATLANTA, September 8, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today reported its...
Qualitative Disclosures for the New Lease Accounting Standards: What You Need to Know
Footnote disclosures are a critical component of an entity’s financial reports helping users of the financial statements better understand the entity’s operations, financial results, and significant accounting policies. Most required disclosures have a numbers section...
LeaseQuery Named by Atlanta Business Chronicle as One of the Top 10 Best Places to Work in 2022
This honor is one of several landmark achievements including the CODiE Award for best FinTech solution, Inc. 5000 and Georgia Fast 40 recognitions, and consecutively high G2 crowd Leader rankings ATLANTA, September 1, 2022 - LeaseQuery, a leading provider of software...
LeaseQuery Announces Silver Sponsorship of NetSuite’s SuiteWorld 2022
Leading accounting technology provider brings its NetSuite native lease accounting solution to the 11th annual conference for NetSuite customers and partners. ATLANTA, GA, AUGUST 18, 2022 – LeaseQuery, a leading provider of software built to simplify the complexities...
For the 3rd Straight Year, LeaseQuery Appears on the Inc. 5000, with a Three-Year Revenue Growth of 304 Percent
ATLANTA, August 17, 2022 – This week, Inc. revealed that LeaseQuery has been recognized on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful...
LeaseQuery Channel Partner Program Achieves 287 Percent Growth
Leading lease accounting technology provider further accelerates growth, gearing up for LEASE Summit Road Show ATLANTA - August 4, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the expansive growth...
LeaseQuery’s Continued Focus on Simplifying Complex Accounting Results in Over 100 Percent Growth in First Half of 2022
LeaseQuery proves a winning combination for accounting and finance professionals ATLANTA, July 27, 2022 - LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its new annual recurring bookings have increased an...
Dive Into Day Two Lease Accounting
Summer is in full swing. The sun is out, the air is hot, and the pool is finally open. While vacations and pool parties are on everyone’s mind, this summer also means companies who completed their transition to ASC 842 are ready to make a splash into day two lease...
LeaseQuery Achieves ‘Built for NetSuite’ Status
New SuiteApp for lease accounting meets Oracle NetSuite SuiteCloud Platform development standards and best practices ATLANTA – June 21, 2022 — LeaseQuery, a leading provider of lease accounting software, today announced that its lease accounting product, LeaseQuery...
LeaseQuery Recognized by SIIA as Best FinTech Solution
LeaseQuery Earns Prestigious Industry Recognition ATLANTA – June 13, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, has been named the best FinTech Solution of 2022 as part of the annual SIIA CODiE Awards. The CODiE...
Determining the Correct Dates & Lease Term from a Lease Agreement under GASB 87
1. Determining which dates to capture from a lease agreement Where are the important dates in a lease contract? 2. What is the lease term? Short-term lease Additional lease term considerations Termination options Financial impact of the lease term Changing the lease...
LeaseQuery Appears on the 2022 Georgia Fast 40 List
Organizations also managing increase in lease liabilities following ASC 842 lease accounting transition ATLANTA – June 8, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its recognition as one of the...
Leases Return to Pre-Pandemic Levels but at Post-Pandemic Prices – New LeaseQuery Report
Organizations also managing increase in lease liabilities following ASC 842 lease accounting transition ATLANTA – June 7, 2022 — The average number of leases companies hold has returned to or exceeded pre-pandemic levels, according to the latest 2022 Lease Benchmark...
May 2022 GASB Update: Statement No. 99 Explained (GASB 87 & GASB 96)
On May 9, 2022 the GASB issued Statement No. 99 Omnibus 2022 (GASB 99) providing clarification guidance on several of its recent statements, including GASB Statement No. 87 Leases (GASB 87) and GASB Statement No. 96 Subscription-Based Information Technology...
Initial Direct Costs under ASC 842 Explained: Summary, Full Example
1. What are initial direct costs? Definition of initial direct costs ASC 840 treatment of initial direct costs 2. Initial direct costs under ASC 842 What changed? Accounting treatment under ASC 842 3. Example: Initial direct costs under ASC 842 4. Summary 5. Related...
May 2022 FASB LEASE Summit: Important Lease Accounting Insights
On May 12, LeaseQuery hosted another virtual LEASE summit, The FASB Series, during which accounting experts explored the new FASB lease accounting standard, ASC 842. Over 700 attendees of the free CPE event heard speakers from LeaseQuery, DHG, Riveron, Grant Thornton,...
LeaseQuery Announces Completion of SOC 1 Type 2 Examination
Report demonstrates LeaseQuery’s commitment as a safe and secure software solution. ATLANTA – May 19, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its completion of the SOC 1 Type 2 Examination...
LeaseQuery Forms New Reseller Partnership With Cherry Bekaert
Collaboration between highest-ranking lease accounting software provider and national accounting firm gives Cherry Bekaert clients a top-rated technology choice for lease accounting excellence ATLANTA – May 17, 2022 — LeaseQuery, a leading provider of software built...
May 2022 GASB Lease Summit: Lease Accounting Advice from Industry Experts
On May 5, LeaseQuery hosted another virtual LEASE summit, The GASB Series, during which accounting experts discussed the new GASB lease accounting standards, GASB 87 and GASB 96. At the free CPE event, speakers from LeaseQuery, MGO, The Pun Group, Cherry Bekaert, and...
LeaseQuery acquires Crowe Lease Accounting Optimizer, lease accounting solution built for NetSuite, from Crowe LLP
This acquisition provides NetSuite customers with a LeaseQuery solution for lease accounting compliance, directly inside NetSuite. ATLANTA – May 3, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its...
GASB 87 & GASB 96 Efficiencies: Similarities, Differences, Adoption Tips, & More
The effective date for GASB 87 has passed, but GASB 96 is just around the corner. Many companies working towards compliance with GASB 87 can save time and resources by adopting GASB 96 simultaneously. This article provides a comparison and contrast of both standards,...
LeaseQuery Named 2022 SIIA CODiE Award Finalist in FinTech Category
LeaseQuery’s core lease accounting solution earns nod from industry leaders ATLANTA – April 26, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, announced today that its core lease accounting platform, LeaseQuery, was...
CEO George Azih Featured in The Sage Thought Leadership Podcast
George Azih discusses his passion for making accountants’ lives easier using software ATLANTA – April 8, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the release of an episode of...
Determining the Correct Dates & Lease Term from a Lease Agreement under ASC 842
1. Determining which dates to capture from a lease agreement Where are the important dates in a lease contract? 2. What is the lease term? How to determine the lease term Financial impact of the lease term 3. Summary 4. Related articlesDetermining which dates to...
Goodwill in Accounting Overview: Definition, How to Calculate It, and More
What is goodwill? Goodwill is an intangible asset resulting from the purchase of an entity for more than its fair market value. The concept of goodwill is used when an entity is acquiring another entity. It is recorded when the buying price is more than the sum of the...
Spring Cleaning for Lease Accounting: Give Your Lease Accounting a Fresh Look
Spring cleaning is an annual tradition across numerous households. It’s a great time to freshen up your home, clean out your closets, and get rid of unnecessary clutter. This spring, consider taking your cleaning a step further and de-clutter your lease accounting....
Accounting Trends in 2022: The Top Digital Trends Affecting Accounting
Historically accounting has been a business function slow to adapt to changes and trends. Many of us did not expect to see a fully remote work environment in the accounting industry in our lifetime. However, recent technological advances are making an impact on every...
LeaseQuery Announces Key Appointments to Executive Team
Leading accounting technology provider expands executive leadership team to support exponential business and product growth ATLANTA – February 9, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced...
LeaseQuery Announces Completion of SOC 1 Type 2 Examination
ATL-based LeaseQuery expanded product offerings, resources, client roster exponentially in the past year ATLANTA – February 2, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its completion of the SOC...
LeaseQuery Reports Tremendous Growth in 2021
ATL-based LeaseQuery expanded product offerings, resources, client roster exponentially in the past year ATLANTA – January 26, 2022 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced that it surpassed 2,000...
LeaseQuery Identified as the Market Leader in the G2 Winter Lease Accounting Grid Report
LeaseQuery outperformed competitive leaders in all categories, establishing the company as a market leader in lease accounting the competition ATLANTA – Jan 25, 2021 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today...
2021 Infographic: A LeaseQuery Year in Review
Much like the previous year, one of our top priorities for 2021 was maintaining the health of both our LeaseQuery employees and our customers. Despite the uncertainty the past year, LeaseQuery continued to work hard throughout the challenges of navigating a pandemic,...
How To Convince Your Board You Need a GASB Software Solution
1. Explore the pitfalls of Excel 2. Justify the investment Increased efficiency Comprehensive reporting Audit preparedness 3. Prevent employees from experiencing burnout 4. Summary 5. Related articlesWhether you’re adopting GASB 87 or GASB 96, transitioning to the new...
The Ultimate GASB Gift Guide
With the first GASB 87 effective date behind us and GASB 96 ahead of us, we’re walking in a GASB wonderland. Just like holiday shopping, it can be stressful to hunt down the perfect GASB resources for your organization. The accounting experts at LeaseQuery have...
Survey Predicts Challenging Transition Ahead for Private Companies as ASC 842 Compliance Deadline Approaches – LeaseQuery Report
Nearly 40% of private companies surveyed are still in the very early stages of assessing their ASC 842 implementation plan ATLANTA – Dec. 13, 2021 — With the final ASC 842 lease accounting compliance deadline finally in sight, private companies are quickly shifting...
Leasequery Ranked Number No. 93 Fastest-Growing Company in North America on the 2021 Deloitte Technology Fast 500™
Attributes 1,754% revenue growth to the tremendous value LeaseQuery customers see in using accounting technology for regulatory compliance and beyond ATLANTA – November 17, 2021 — LeaseQuery, a leading provider of software built to simplify the complexities of...
Benefits of Lease Accounting Software for Dual-Filers
The new lease accounting standards are nuanced regardless of which one you apply. Having to account for your leases under two separate standards only increases the complexities. Dual-filers face challenges single filers do not have to consider. With the right lease...
LeaseQuery Expands Accounting Platform with Solution for GASB 96 Compliance
Cloud-based solution handles subscription-based technology arrangements, built on LeaseQuery’s industry-leading GASB 87 lease accounting software ATLANTA – November 9, 2021 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting,...
GASB 87 for Higher Education: What You Need to Know for Compliance
With the first semester of the 2021-2022 school year barreling to a close and annual reporting in the rearview mirror, it’s time to look ahead to the next big accounting project – GASB 87 compliance. The new guidance replaces lease accounting rules covered by GASB 13...
Don’t Let the New Lease Accounting Standards Spook You
Transitioning to ASC 842 can be scary. The new standards are starting to spook private organizations as they begin the implementation process. The good news is, you don’t have to navigate the unknown alone. Every good team, like the Ghostbusters or Scooby-Doo and the...
LEASE Summit: Accounting Experts Share Key Tips for the Adoption Process
On September 23, LeaseQuery hosted another successful virtual summit to share valuable insights for private companies and government organizations preparing to adopt the new lease accounting standards. The LEASE Summit highlighted the steps essential for transitioning...
How to Transition to ASC 842: A Step-by-Step Guide
1. Are you prepared? What are the keys to a successful transition? 2. Understanding your lease portfolio 3. Summary 4. Related articlesThe ASC 842 deadline is rapidly approaching. Private companies and not-for-profit entities adopting the new standard need to prepare...
GASB 51 vs. GASB 96: Similarities and Differences in Accounting Treatment
1. What is GASB 51? History of GASB 51 2. What is GASB 96? Why is GASB 96 necessary? 3. Similarities between GASB 51 and GASB 96 4. Differences between GASB 51 and GASB 96 5. Summary 6. Related articlesWhat is GASB 51? GASB Statement No. 51 Accounting and Financial...
LeaseQuery Launches New Podcast Series, ‘Accountant’s Angle’
LeaseQuery taps the expertise of 30+ accountants on staff for industry resource, insights ATLANTA – September 8, 2021 — LeaseQuery, a leading provider of purpose-built software for complex accounting, today announced the launch of Accountant’s Angle: Ask The...
The Benefits of Early Adoption of ASC 842 and GASB 87
The new lease accounting standards are coming whether you’re ready for them or not. Preparing to adopt GASB 87 and ASC 842 is a formidable endeavor. While many public companies have already undergone the process, private companies are still in the midst of the...
LeaseQuery Appears on the Inc. 5000 for a Second Time, Ranking in the Top Six Percent
Inc. magazine reveals annual list of America’s fastest-growing private companies - the Inc. 5000 ATLANTA – August 17, 2021 — Inc. magazine today revealed that LeaseQuery, a leading provider of software built to simplify the complexities of accounting, is No. 266 on...
How to Account for Leases under IFRS 16 for Small Businesses
Under IFRS 16 Leases, the new lease accounting standard that replaced IAS 17, companies are required to report all leases with terms longer than 12 months on their balance sheets, with some exceptions, and disclose more details about their lease obligations. Even for...
Lease Accounting Transition Advice from the Experts
Private companies are either in the process of implementing the new lease accounting standard, ASC 842, or they are preparing for the transition. With the shift to the new standard comes a lot of questions. We gathered a few LeaseQuery accountants who have traveled...
GASB 87 Accrued Interest Example: Calculating the Liability Amortization
1. What is accrued interest? 2. Example: Accrued interest for a lease under GASB 87 Amortization schedule for the lessee Governmental fund accounting Conversion entries Proprietary fund accounting 3. Summary 4. Related articlesThe new lease accounting standard for...
Five Tips for Small Business Lease Accounting
After much delay, the compliance deadline for the new lease accounting rules is fast approaching. The new rules call for a significant change in the way companies account for their leases. All leases with terms longer than 12 months are going on the balance sheet, the...
LeaseQuery Announces Strategic Additions to Executive Leadership Team
Leading software provider adds CFO, CTO and VP of People and Culture; accelerates toward next phase of growth and innovation ATLANTA – July 20, 2021 — LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced the...
How to Find the Best Lease Management Software
If you’re in the market for a lease administration tool to help manage your leases, you’ve probably come across several options. How do you decide which lease management software is the best option for you and your company? In this article, we’ll discuss some of the...
LeaseQuery Reveals LeaseQuery Connect for Simple Integrations with any Accounting Platform
LeaseQuery Connect simplifies complex technology integrations, minimizes manual effort and maximizes return on investment ATLANTA – June 22, 2021 — LeaseQuery, a leading provider of purpose-built software for complex accounting, unveiled its new LeaseQuery Connect...
Impact of the Lease Accounting Transition and COVID-19 on Balance Sheet Liabilities
1. Lease liabilities increase after adopting new standards 2. Private companies need to prepare for challenges ahead 3. 10 key industries affected by lease accounting compliance and economic change 4. Summary 5. Related articlesIn 2020, many companies saw an increase...
Calculating a Lease Liability Amortization Schedule in LeaseGuru Accounting Software
1. What is LeaseGuru? What is a lease liability? How to calculate the lease liability amortization schedule in LeaseGuru 2. Why should I use LeaseGuru if I can create amortization schedules in Excel? 3. Does LeaseQuery offer a solution for businesses with more than 15...
Equity Method Accounting for Distributions Exceeding the Carrying Value (ASC 323)
1. Equity method 2. Accounting for distributions exceeding carrying value 3. Cash flow classification Cumulative earnings approach Nature of distribution approach 4. Example: Accounting for an equity method investment when distributions exceed the carrying value...
LeaseQuery Application Certified by Acumatica
LeaseQuery is recognized as an “Acumatica-Certified Application” by the cloud ERP company, signifying an integration that will simplify lease accounting, maximize time savings and eliminate the substantial errors found in spreadsheets ATLANTA – April 14, 2021 —...
SEC Comment Letters Reveal Lease Accounting Lessons for Private Companies – LeaseQuery Report
After a challenging year, private companies should look for opportunities to get an edge on what’s ahead ATLANTA – April 13, 2021 — After evaluating recent SEC comment letters* on lease accounting disclosures, LeaseQuery, a recognized leader of purpose-built...
Accounting for Loss from Equity Method Investments
1. Equity method 2. Loss from equity method investments Example of accounting for equity method losses in excess of investment 3. Summary 4. Related articlesThis article is part of a series of articles covering equity method accounting in accordance with ASC 323...
Lease Accounting on the CPA Exam: Changes & What You Need to Know
1. Lease accounting changes Balance sheet recognition Lease costs and variable payments Lease classification Financial statement disclosures Lease vs. buy 2. Miscellaneous changes SOC reports Business process Data analytics Administrative 3. Summary 4. Related...
Practical Expedient in Accounting Explained: Adopting ASC 842 and IFRS 16 with Ease
1. What is a practical expedient? 2. Accounting transition methods Transition method for ASC 842 Transition method for IFRS 16 3. Transition practical expedients The package of practical expedients No reassessment of lease classification No re-evaluation of embedded...
GASB 87 Lessor Accounting Example with Journal Entries
1. Lessee vs lessor accounting 2. Lessor accounting under GASB 87 An example of lessor accounting for a lease under GASB 87 3. GASB 87 RFP Template 4. Summary 5. Related articlesLessee vs lessor accounting Government entity lessees reporting under GASB are required to...
LeaseQuery Makes History as Two-Time, Fastest-Growing UGA Alumni Business
The Bulldog 100 recognizes top companies owned or operated by University of Georgia alumni ATLANTA – Feb. 23, 2021 — LeaseQuery, a leading provider of purpose-built lease accounting software, is honored to once again top the Bulldog 100 list. Each year, the University...
LeaseQuery Collaborates with Microsoft to Lay a Foundation for Seamless Lease Accounting Transitions
LeaseQuery’s lease accounting software integrates with Microsoft Dynamics 365, adding another layer to customers’ digital transformation initiatives ATLANTA – Jan. 27, 2021 — LeaseQuery, a leading provider of purpose-built lease accounting software, today announced it...
2020 Infographic: A LeaseQuery Year in Review
Although 2020 was a scary, unprecedented year for so many, LeaseQuery stayed on the course, putting our best foot forward for the integrity of ourselves, our customers, our partners, and our business. Our top priority in 2020 quickly shifted to ensuring the health and...
LeaseQuery Completes its System and Organization Controls (SOC) 1 Type 2 Assessment performed by a Big 4 auditor
Concluding 2020 with this report indicates LeaseQuery’s prioritization on the appropriate internal controls required for audit completion ATLANTA – January 5, 2021 — LeaseQuery, a leading provider of purpose-built lease accounting software to more than 1,000...
LeaseQuery and Sage Fixed Assets Announce New Partnership to Equip Clients with Intelligent Asset Management Technology
This partnership between industry leaders combines lease asset management and capital asset management to offer customers a complete asset management solution ATLANTA – Dec. 1, 2020 — LeaseQuery, a leading provider of purpose-built lease accounting software, today...
Goodwill and Basis Differences in the Equity Method of Accounting (ASC 323)
1. Equity method of accounting when basis differences exist What are basis differences and how do you identify them? How do basis differences impact equity method accounting? An example of equity method accounting with basis differences 2. Summary 3. Related...
Financial Statement Audits for Leases: Assessing Risks and Controls
1. Assessing risks and controls Process documentation Internal control design for ASC 842 Assessing risks and controls With the implementation of the new lease accounting standard, ASC 842, new financial statement and process risks emerge for private companies. As...
LeaseQuery Ranked Number 26 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™
Attributes 8551% revenue growth to the company’s strategic focus and ability to keep pace with shifting lease accounting trends ATLANTA – Nov 18, 2020 — LeaseQuery, a leading provider of purpose-built lease accounting software, today announced it ranked 26 on...
Companies Plan to Rightsize and Renegotiate Real Estate & Lease Portfolios in 2021 – LeaseQuery Survey
ATLANTA – November 17, 2020 - The pandemic changed the calculation on crafting the right real estate strategy for 2021. According to a new LeaseQuery survey, cost optimization, flexibility and liquidity are now the key goals driving companies’ plans to rightsize and...
ASC 350-40: Internal-Use Software Accounting & Capitalization
1. FASB internal-use software standard 2. Effective date of ASC 350-40 3. The need for clarity Capitalizable vs. non-capitalizable 4. Updates to ASC 350-40 Capitalizable vs. non-capitalizable software costs 5. Initial measurement and subsequent measurement Initial...
How to Calculate Interest Rate Implicit in the Lease for GASB 87
1. What is the implicit rate under GASB 87? Implicit rate: Understanding GASB 87 vs ASC 842 Example of calculating the rate implicit in the lease Validating the rate implicit in the lease 2. Summary 3. Related articlesUnder GASB Statement No. 87, Leases, the majority...
LeaseQuery Honored by Goldman Sachs for Entrepreneurship
George Azih, CEO and Founder Among 100 Most Intriguing Entrepreneurs at 2020 Builders + Innovators Summit ATLANTA - October 14, 2020 -Goldman Sachs (NYSE:GS) is recognizing LeaseQuery’s CEO and founder, George Azih as one of the 100 Most Intriguing Entrepreneurs of...
Tool | GASB 87 Lease Identifier
Accounting Industry’s Thought Leaders and Technology Experts Converge for LeaseQuery’s Free Accounting Tech Innovation Summit
LeaseQuery’s inaugural virtual accounting conference will offer visionary keynote speakers and insight into the challenges of modern accounting ATLANTA - September 10, 2020 - LeaseQuery, a leading provider of purpose-built lease accounting software, today announced...
EY Announces George Azih of LeaseQuery as Entrepreneur Of The Year® 2020 Southeast Award Finalist
Prestigious recognition celebrates the unstoppable and innovative entrepreneurs whose ambitions transform the world ATLANTA - August 20, 2020 -Ernst & Young LLP (EY US) announced George Azih, CEO and founder of LeaseQuery, as an Entrepreneur of the Year® 2020...
LeaseQuery Recognized No. 29 on Inc. 5000 List of America’s Fastest-Growing Private Companies
Atlanta-based lease accounting technology company shows three-year revenue growth of 8079 percent ATLANTA - August 18, 2020 - LeaseQuery, a leading provider of purpose-built lease accounting software, was ranked number 29 on the annual Inc. 5000 list as one of the...
LeaseQuery Recognized as One of Atlanta’s Top 5 Fastest-Growing Companies, No. 2 in Technology
Atlanta Business Chronicle shines a spotlight on LeaseQuery, recognizing its leadership and influence in lease accounting technology ATLANTA - August 11, 2020 - LeaseQuery, a leading provider of purpose-built lease accounting software, was ranked as one of Atlanta’s...
How to Account for Partial Lease Terminations
1. Is it a termination? 2. How to account for a termination Reassessing classification Remeasuring the lease liability Remeasuring the right-of-use asset 3. Partial termination accounting with example Approach 1: Proportionate change in the lease liability Approach 2:...
Managing Remote Employees in Accounting Successfully
This article was written in collaboration with LeaseQuery’s partner in easing the burden of lease accounting and closing the books efficiently, FloQast. Whether it’s ensuring compliance, completing an audit or closing the books at month’s end, tight deadlines are all...
LeaseQuery Forms Partnership with AXIA Partners to Extend Its Lease Accounting Reach
LeaseQuery’s leading lease accounting technology and AXIA’s strategy and implementation expertise offers businesses a complete solution to ease the lease accounting transition process ATLANTA - March 24, 2020 - LeaseQuery, a leading provider of purpose-built lease...
Off-Balance-Sheet Financing (OBSF) and Liabilities Impacted by New Operating Lease Accounting Rules
1. Off-balance-sheet financing 2. Examples of off-balance-sheet liabilities 3. OBS accounting activities targeted by the Boards 4. Off-balance-sheet leases: How were they recorded? 5. Recording capital leases on the balance sheet under ASC 840 6. Benefits of...
ASC 842 Disclosure Requirements: Example and Explanation
1. A focus on quantitative disclosures for lessees 2. Why software makes generating disclosures more accurate and efficient 3. Looking at quantitative disclosures in four “buckets” Lease costs Other information Weighted averages Maturity analysis 4. Related...
LeaseQuery Named Fastest-Growing UGA Business by UGA Alumni Association
The Bulldog 100 recognizes top companies owned or operated by University of Georgia alumni ATLANTA - February 27, 2020 - LeaseQuery announced its position as #1 on the University of Georgia’s Bulldog 100 list of 2020’s fastest-growing businesses. The annual list,...
CEO & Founder, George Azih Leadership Profile
The path to the Aha! moment If it weren’t for the financial crisis in 2008, LeaseQuery may not exist. The crisis led LeaseQuery’s CEO and Founder, George Azih, to take a role in accounting research at a Fortune 500. It was a good job, but it was personally...
Companies See Significant Balance Sheet Impacts After Lease Accounting Transition – New LeaseQuery Report
As lease liabilities continue to skyrocket, companies would be wise to start developing a plan for compliance immediately ATLANTA - February 18, 2020 - Implementation of the new lease accounting standard has led to average balance sheet lease liability increases of...
GASB 62 to GASB 87 – Eight Tips to Ease the Transition
This article was written in collaboration with LeaseQuery’s partner in easing the burden of lease accounting, Postlethwaite & Netterville (P&N). While the lease accounting delay for private companies and nonprofits may have been welcomed with open arms, it...
Tool | GASB RFP for Lease Accounting Software
LeaseQuery Unveils LeaseGuru, the Industry’s Most Advanced Lease Accounting Solution for Small Businesses
LeaseGuru, powered by LeaseQuery, facilitates mandatory compliance for businesses with a lease portfolio of under ten ATLANTA, January 28, 2020 - LeaseQuery, a leading provider of comprehensive lease accounting software to more than 1,000 companies, announced the...
Tool | Free Lease Accounting Software
Incremental Borrowing Rate for IFRS 16, ASC 842, and GASB 87: Discount Rates and When to Use Them
1. Discount rate What to do when there's no rate implicit in the lease 2. Incremental borrowing rate What you need to calculate incremental borrowing rate (IBR) What not to do 3. Changes from legacy GAAP to the new standards 4. Choosing the right solution 5. Related...
Tool | RFP for Lease Accounting Software
LeaseQuery Announces Completion of System and Organization Controls (SOC) 1 Type 2 Assessment
New report emphasizes LeaseQuery’s ongoing commitment to ease financial reporting and provide the services and controls their clients and auditors expect ATLANTA, December 3, 2019 - LeaseQuery, a leading provider of comprehensive lease accounting software to nearly...
LeaseQuery Announces $40 Million in Series A Funding
LeaseQuery, one of the largest providers of purpose-built lease accounting software, today announced that Goldman Sachs’ Merchant Banking Division has invested $40 million in the company through Series A funding. More than 10,000 accountants across public, private,...
Audit Procedures for Leases under ASC 842
This article was written in collaboration with LeaseQuery’s valued partner, LBMC. For more information on LeaseQuery partnerships, please visit our partner page. Whether internal or external, auditors can play key roles during the adoption of ASC 842. Internal audit...
GASB 87 vs ASC 842: Five Differences from a Lessee’s Perspective
There has been a lot of material in the marketplace about the new lease standards. Up until this point, the majority of this has been focused on the new FASB guidance, ASC 842. For individuals at organizations that have been following some of the ASC 842 requirements,...
From Coffee Shops to Corner Offices: How LeaseQuery Built a Brand Accountants Can Trust
What do you do when you’re tasked to fix a problem with no simple solution? Well, you figure it out. And if you know what you’re doing, you build a solution that makes this task simpler in the future so you don’t have to keep fixing problems. That’s how LeaseQuery was...
Tool | Lease vs Buy Calculator
Accountants Underestimate Compliance Challenges for Lease Accounting Rules – LeaseQuery Survey
Companies that have transitioned to the new lease accounting standards warn others just starting out of difficulties ahead, even with a potential delay in deadline. ATLANTA, August 7, 2019 – Accountants are underestimating the challenges of complying with new lease...
LeaseQuery Ranks as One of Atlanta’s Top Five Fastest Growing Companies, Plans to Add 200 Jobs in One Year
ATLANTA, June 20, 2019 – LeaseQuery, a leading provider of comprehensive lease accounting software, was ranked as one of Atlanta’s fastest growing companies by the Atlanta Business Chronicle’s Pacesetter Awards. LeaseQuery ranked second in the technology category, and...
Tool | GASB Lease Tracker
LeaseQuery Adds Veteran Joe Schab as Chief Operating Officer
ATLANTA, June 6, 2019 – LeaseQuery, one of the fastest growing technology companies in Atlanta, and a leading provider of software for lease management and lease accounting, has announced that Joe Schab has joined the company as Chief Operating Officer. Schab will be...
LeaseQuery Streamlines Lease Accounting for 600+ Companies with Its General Ledger Agnostic Solution
By complementing existing systems, LeaseQuery helps customers save time and prevent errors ATLANTA, March 12, 2019 – LeaseQuery, a leading provider of lease accounting software, enables its 600+ clients to use its software with their enterprise accounting solution of...
LeaseQuery Named a Top 40 Innovative Technology Company
Technology Association of Georgia Honors 40 Companies for Innovation and Contributions to the State's Technology Community ATLANTA -- January, 30, 2019-- The Technology Association of Georgia (TAG), the state’s leading association dedicated to the promotion and...