Built with our customers in mind.

Prepaid and Accrual Accounting Automation

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Speed up month/quarter/year-end close.

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Simplify audit and reconciliation processes.

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Eliminate manual spreadsheet errors.

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Features

Automated Amortization

Effortlessly generates schedules with configurable service periods and flexible expense recognition.

Single-Click Journal Entries

Integrate seamlessly with your ERP, complete with account numbers and allocations.

Audit Trail

Detailed history helps you track changes and streamlines your audit.

Rollforward Reporting

Simplify reconciliations for audits and close with automated prepaid asset/accrued liability insights.

Single Subledger

Make your workflows and your audit more efficient by housing your financial contracts, invoices and accounting outputs in one trusted subledger.

Expense Forecasting

Stay ahead of your flux analysis with comprehensive reporting.

AI-enabled Data Entry

Proprietary AI makes document entry quick and easy, including payment details.

Financial Segment Allocation

Assign products/services to regions, departments, or cost centers for tailored accounting outputs.

Searchable Central Repository

Simplify your day-to-day and your audit by making it easy to find your prepaids and accruals.

FAQs

What are the tool’s outputs?

Prepaid and accrual accounting in FCM automates prepaid and accrued expense amortization schedules, journal entries, expense forecasting reports, and prepaid asset/accrued liability rollforward reports for reconciliations.

Can I enter an invoice rather than a contract?

Yes. You can use an invoice if that fits better with your current process. What we call a “contract” record can really be anything. We recommend using a contract because it enables you to set up prepaids and accruals for the life of the agreement. However, if you’d like to start a “contract” record for one of your vendors and add invoices to the record as they come in, and set up prepaid amortization that way, the system works great for that. And you will still save a great deal of manual accounting effort.

What if I don’t have access to a pdf of my contract or invoice?

The system is flexible and no actual PDF upload of a contract or invoice is required. While a pdf upload is required to take advantage of our AI-assisted document entry, you can manually enter the information you have if you do not have access to a pdf of the contract or invoice.

Are the number of users limited?

No. You can provide as many users access as you wish, enabling multiple users to manage contracts, prepaids, and accruals. Role-based access enables you to determine who has access to what documents or features.

Quotes from other LeaseQuery customers

CFO

“Excel sheets in general are prone to error. It’s easy to forget to copy down a formula, or make a simple mistake that can have significant consequences. I’ve seen countless instances where a missed cell or an incomplete calculation in a spreadsheet led to inaccurate data. After years of working with Excel, I’ve learned that human error is almost unavoidable with manual prepaids & accruals processes.”

Controller

“FinQuery Contract Management with Prepaids and Accruals uses the same familiar and user-friendly output format as LeaseQuery which has made our experience pretty seamless.”

Staff Accountant

“Our prepaid process was incredibly manual and time-consuming, especially with multiple divisions. We needed to streamline workflows and remove manual processes in Excel”

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