See LeaseQuery in Action for ASC 842, GASB 87, and IFRS 16
Comply with the lease accounting standards with our unmatched suite of features and functions.
Expertise
- Proven track record of assisting 1300+ organizations
- SOC 1 Type 2 report issued by a Big 4 accounting firm
- Agreed Upon Procedures (AUP) engagement performed by a Big 4 accounting firm covering specific LeaseQuery calculations
Intelligence
- Robust reporting suite
- Critical date reminders to keep your team one step ahead
- Accurate AP reports to validate the authenticity of invoices received
Efficiency
- Central repository with easy document retrieval and lease abstracts quickly available to anyone on the team
- Journal entries available at the click of a mouse
- Consolidated disclosure and compliance reports available out of the box
Controls
- Data entry validation and duplicate prevention
- Audit trail and lease change reporting
- Role-based access, also customizable by subsidiary/location
Security
- SSL Encryption keeps data safe in transit
- Firewall and application security protect data from unauthorized access
- Managed hosting and backup by AWS ensures data is always available
1300+ Loyal Customers Rely on LeaseQuery for Lease Accounting Compliance
A Tool to Streamline Your Lease Accounting and Management
To comply with the new lease accounting standards, spreadsheets just won’t cut it. You need a lease accounting system that can account for vehicles, equipment, and real estate leases. And the benefits of a solution to help your organization transition don’t stop at compliance.
Implementing LeaseQuery will arm your team with the right tools to work more efficiently, strengthen the audit process, and empower smarter financial decisions. Our accounting experts will also advise you through the transition process and help you properly apply the new standards.
ASC 842
ASC 840
IFRS 16
IAS 17
GASB 87
GASB 13
Topics that will be covered during your consultation and demo:
A comparison of financial statements under ASC 840/IAS 17 vs. ASC 842/IFRS 16
Complete disclosures meeting the requirements outlined in the respective guidance
Built-in controls for data accuracy
How to enter a lease in minutes, including all pertinent details
How the system distinguishes between capital/finance and operating leases
How to track all changes made to a lease
Customizable and standardized reports
Transition journal entries from ASC 840/IAS 17 to ASC 842/IFRS 16