LeaseQuery: Lease Accounting Software for FRS 102, IFRS 16, and More
Discover why LeaseQuery, powered by FinQuery, is the preferred lease accounting solution for accounting and finance teams that require FRS 102 or IFRS 16 Compliance.
- Lease Accounting. Remove the manual risk from your month-end close. Auto-generate error-free amortisation schedules, journal entries, and disclosure reports instantly.
- Compliance. Create audit-ready documents for IFRS 16, FRS 102, and ASC 842 (for US subsidiaries), ensuring you meet all regulatory obligations with confidence.
- Dashboard. Monitor your entire portfolio from a single source of truth. Track payments and receive automated alerts for critical dates, such as renewals and lease expires.
Select Your Standard
FRS 102
IFRS 16
ASC 842
All our lease data is there for them [our auditors] in one place, which they appreciate and I appreciate because it frees up my team to do other audit queries.
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Lease Accounting & Management 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.
Try LeaseGuru for free — our lease accounting software for organisations with less than 10 leases.
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
Features
Accountant-Verified Lease Accounting
Create journal entries, amortisation schedules, and disclosures verified by Chartered Accountants for IFRS 16, FRS 102, and ASC 842.
Compliance for Complex Scenarios
Effortlessly handle complex accounting scenarios, including dual reporting (e.g., IFRS 16 & FRS 102), custom fiscal calendars, variable payments, point-in-time reporting, and catch-up adjustments.
Guided Implementation & Data Centralisation
From day one, our implementation specialists partner with you to migrate, reconcile, and validate your portfolio data. Following transition, FinQuery Inbox employs AI to automatically process documents via email and link them to the correct records, maintaining a permanent audit trail.
Universal General Ledger Integration
Integrate with any General Ledger, including Sage, Xero, Microsoft Dynamics, NetSuite, SAP, Oracle, and Workday. Alternatively, utilise our ledger-agnostic journal entries to ensure full compliance without direct integration.
Purpose-Built for Accountants
Built by accountants for accountants, FinQuery is designed to simplify your financial operations. Resources such as our comprehensive Help Centre, on-demand training, and live access to product experts ensure your team achieves rapid proficiency. The platform streamlines daily tasks through direct email document submission, AI-assisted data abstraction, secure read-only auditor access, and instant reporting.
Automated Foreign Exchange (FX) Management
Manage multi-currency portfolios with confidence. LeaseQuery automatically handles lease remeasurement and translation in accordance with FRS 102, providing reliable reporting in both your functional and presentation currencies. Automate rate updates via our secure SFTP integration to eliminate manual entry and guarantee data integrity.
Interactive Platform Tour
Navigate the platform yourself to see how our automation engine secures IFRS 16 and FRS 102 compliance while eliminating manual spreadsheet risk.
What is Lease Accounting Software?
Lease accounting software automates the complex calculations and reporting required to comply with modern accounting standards, specifically FRS 102 and IFRS 16.
LeaseQuery provides the complete toolkit for organisations reporting under the Financial Reporting Council (FRC) and IASB frameworks. This includes automated amortisation schedules for lease liabilities and Right-of-Use (ROU) assets, precise journal entries, quantitative disclosures, and access to a team of expert accountants.
The platform ensures compliant and accurate accounting for all lease classifications—including both finance leases and operating leases under FRS 102 and IFRS 16—guaranteeing your financial statements meet rigorous audit standards.
Find the Best Lease Accounting Software for your Business
LeaseQuery Integrations
LeaseQuery integrates with any ERP to automate journal entries, eliminate manual errors, and centralise data from multiple sources. This optimises your lease accounting workflow, saving critical time during the month-end close, unlocking valuable financial insights, and maximising your return on investment.
Evaluate Value Beyond Cost
While procurement teams and senior leadership often prioritise the lowest-cost option, the cheapest solution rarely offers the depth required for rigorous audit defence. Scrutinise the platform’s capabilities to ensure it guarantees long-term compliance with FRS 102 and IFRS 16. Look for strategic features such as ad-hoc reporting, centralised management for non-lease contracts, and AI-driven document abstraction to drive efficiency beyond simple compliance.
Lease Accounting Software Reviews
The most reliable way to assess any technology is to hear from the professionals who rely on it daily. Over 66% of B2B buyers state that peer reviews are critical to their decision-making process.
Most of LeaseQuery’s customer reviews come directly from the finance controllers and accountants responsible for their company’s statutory reporting. While several competitors receive positive feedback, it often originates from real estate managers, legal teams, or lease administrators—roles that do not manage the complexities of the Balance Sheet.
When scrutinising a solution’s reviews, verify how many were written by Chartered Accountants or finance professionals who specifically understand the intricacies of FRS 102 and IFRS 16 compliance.
Small Portfolio Lease Accounting
LeaseGuru lease accounting software provides a secure, simplified solution for managing small lease portfolios. It automatically generates the amortisation schedules, journal entries, and disclosures required for FRS 102 and IFRS 16 compliance. Create an account and enter your first 2 leases for free.
Check Out Lease Accounting Software Reviews On These Comparison Sites
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What to Look for When Comparing Lease Accounting Solutions
Expert Accounting Support
No matter how intuitive a solution appears, access to reliable expertise is non-negotiable.
- Is the support team technically proficient with the platform?
- Do they possess the expertise to apply FRS 102 and IFRS 16 guidance correctly?
- Is assistance available from trained accountants?
Verifying these capabilities is fundamental to a successful implementation and sustained compliance confidence.
Automation and Operational Efficiency
The software you select must deliver accurate statutory reporting and compliance immediately upon implementation. When evaluating potential solutions, rigorously assess the following:
1. Disclosure Compliance: Are report exports pre-configured to meet the specific quantitative disclosure requirements of FRS 102 and IFRS 16?
2. Audit Trail Integrity: Can retrospective adjustments be made cleanly, leaving an automatic, transparent audit trail for your external auditors?
3. Intelligent Automation: Does the platform employ AI to automate high-volume tasks, such as lease abstraction and manual data entry, to reduce human error?
SOC Reports & Internal Controls
System and Organization Controls (SOC) reports—issued by an independent audit firm—examine a software provider’s internal controls over critical functions, including financial reporting, IT security, and data processing integrity. For lease accounting software, a SOC 1 Type 2 report is the definitive standard. Your vendor must be able to provide a current report, issued within the last 12 months, to assure you and your auditors that their control environment is operating effectively.
Data Security & Internal Control Enforcement
Do not compromise on security or governance. Your provider must demonstrate how their platform’s architecture secures your data while reinforcing your internal control framework. Security essentials, such as Multi-Factor Authentication (MFA) and encryption, are non-negotiable. Furthermore, rigorous controls—including automated data validation, strict approval workflows, and comprehensive lease modification logs—are vital for supporting Internal Controls over Financial Reporting (ICFR) and ensuring a streamlined statutory audit.
Lease Software Comparison Guide
Comparing lease accounting software solutions? Supplement your pricing research with the critical insights from our expert comparison guide:
- Evaluation of FRS 102 & IFRS 16 Software: A detailed breakdown of what to look for in a solution built for UK and International reporting standards.
- Vendor Expertise Validation: The essential questions you must ask to verify a vendor’s technical accounting competence.
- Compliance Capability Checklist: A prioritized list of the critical functionalities required to guarantee audit readiness.
More Than a Lease Accounting Tool
Centralised Lease Database
Our cloud-based platform centralises your leases and financial contracts into a single, secure database, accessible from any location. This guarantees a level of data integrity that spreadsheets simply cannot provide.
Deploy role-based access controls to define permissions for specific departments and users. Your teams can configure automated alerts for critical dates (such as break clauses or renewals), manage workflow notifications, and retrieve contracts instantly via global search. Furthermore, you can grant external auditors secure, read-only access to significantly accelerate the statutory audit process.
Financial Intelligence for Strategic Decision-Making
LeaseQuery transforms raw lease data into strategic financial intelligence. This visibility drives accurate forecasting, precise budgeting, and optimised capital allocation.
Additionally, the platform’s reporting suite, combined with automated critical date alerts, enables you to proactively manage key lease events—such as break clauses and rent reviews—preventing costly oversights before they impact your bottom line.
Lease Management & Strategic Tracking
While tracking leases via Excel is possible, it creates a fragile foundation for financial governance. Beyond the risk of FRS 102 and IFRS 16 non-compliance, reliance on manual spreadsheets often leads to costly oversights—such as missed break options, overlooked rent reviews, and incorrect payment indexation (e.g., RPI/CPI adjustments).
Specialised lease management software centralises your portfolio, automating the tracking process to mitigate operational risk and identify discrepancies before they impact your P&L.
