IFRS 16
Lease Accounting Software
400+ customers trust LeaseQuery with their IFRS 16 compliance
Proven Compliance
LeaseQuery is trusted by 8000+ organizations worldwide and proven to simplify lease accounting for long-term compliance.
Translation and Remeasurement
LeaseQuery automates remeasuring the lease liability and right-of-use asset when there are changes in future payments, such as for leases based on CPI.
Multi-Currency Reporting
Whatever the currency your lease payments are in – British Pounds, Euros, or Japanese Yen, etc – LeaseQuery provides accurate calculations and reporting.
Dual File
If you report under both IFRS 16 and another standard, LeaseQuery lets you enter leases once and generate accurate, CPA-approved outputs for both standards—no duplication, no confusion.
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, 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, 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
“Based on the number of leases and current level of disaggregation, combined with the level of understanding of IFRS 16 required to properly account for leases, we determined that it would be completely impractical to track the ROU and Lease Liability without a lease specific software.”
Weston Curtis
Sr. Corporate Accountant, Boart Longyear
We ensure you fully comply with IFRS 16
Cloud-Based and Searchable Lease Database
- Access your leases in a centralized database that’s available anywhere there’s an internet connection
- View audit trails, lease entries, modifications, and approvals at the click of a button
- Real Estate, IT, and other departments that deal with leases can efficiently access the documents that they need
- Grant read-only access to your auditors
Secure and IT Approved System
- Data validation ensures all modifications to leases are approved before they are saved
- Multiple levels of access ensure that users can only view the information they need
- Your internal controls are reinforced in accordance with the Sarbanes-Oxley (SOX) Act
Automation, Disclosures, and Customizable Reporting
- Automation of critical alerts and reports helps you keep IFRS 16 deadlines in mind
- Avoid missed payments, overpayment, and other issues with critical alerts for payment dates, renewals, cancellations, and more
- Both canned and fully-customizable reports make it easy to disclose your lease information
- All reports and disclosures needed to meet new requirements under IFRS 16, including additions to ROU assets, total cash outflow of leases, and interest expense on lease liabilities
