LeaseQuery vs. Visual Lease
LeaseQuery is built with CPAs like you in mind. We’ve been ranked the #1 lease accounting software for 5 years in a row, 20 consecutive quarters and counting.
Check out the comparison based on user reviews below.
The Faster Path to Go-Live
Our implementation team gets you up and running an average of 1.2 months faster than Visual Lease.
How We Stack Up Against Visual Lease
- Likelihood to Recommend
- Meets Requirements
- Ease of Admin
- Ease of Use
- Critical Date Alarms
- Regulatory Compliance
- Reporting Automation
- Quality of Support
- Accessibility
- Implementation Timeline
- 92%
- 93%
- 93%
- 91%
- 90%
- 92%
- 91%
- 94%
- 91%
- 3.5 Months
- Likelihood to Recommend 92%
- Meets Requirements 93%
- Ease of Admin 93%
- Ease of Use 91%
- Critical Date Alarms 90%
- Regulatory Compliance 92%
- Reporting Automation 91%
- Quality of Support 94%
- Accessibility 91%
- Implementation Timeline 3.5 Months
- Visual Lease
- 87%
- 90%
- 88%
- 88%
- 84%
- 86%
- 86%
- 90%
- 87%
- 4.7 Months
- Visual Lease
- Likelihood to Recommend 87%
- Meets Requirements 90%
- Ease of Admin 88%
- Ease of Use 88%
- Critical Date Alarms 84%
- Regulatory Compliance 86%
- Reporting Automation 86%
- Quality of Support 90%
- Accessibility 87%
- Implementation Timeline 4.7 Months
Percents are based on the number of users that rated each product highly in that category. See the full Comparison Report on G2
We make the switch simple with free data migration and more.
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
LeaseQuery was built by accountants to provide a long-term lease accounting solution with:
- 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
Every LeaseQuery client has access to our dedicated customer success professionals as well as:
- 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
LeaseQuery was built by accountants to provide a long-term lease accounting solution with:
- 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
Every LeaseQuery client has access to our dedicated customer success professionals as well as:
- 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
We’ve been the #1-rated software on G2 for 20 consecutive quarters.
Companies Who Love LeaseQuery powered by FinQuery
Verified User in Retail
FinQuery - One of the better lease platforms I have worked with
I found the ease of use and number of features impressive. Customer support and help aids on the portal are very helpful. A valuable software tool that does an excellent job handling our responsibilities with Lease Accounting. LeaseQuery in my opinion is better than other platform solutions that exist in the marketplace.
Ryan M
Excellent Lease Accounting Software
The system is very well organized, has necessary internal control considerations, and is easy to use. Implementation is straightforward and the ease of implementation will be greatly dependent on the number of leases being uploaded. The reporting studio allows for custom reporting which is great. Highly recommend the tool.
Verified User in Accounting
LeaseQuery has been an amazing tool for our company to track and account for our various leases.
We have multiple leases to track so having them all stored in one place, being able to export amortization schedules, and utilizing the disclosure reporting has been extremely helpful in sticking to our month-end close and quarterly reporting deadlines.
Mohit S
LeaseQuery's intuitive design and helpful features make it easy to use.
It’s easy-to-use and customized reporting has significantly streamlined our Company’s Lease management processes. LeaseQuery provides very strong control and compliance framework that enhances our overall control environment.
Michelle D
Thankful for LeaseQuery!
LeaseQuery is the best source for maintaining the large number of leases in our Healthcare Corporation. The complex rules of ASC842 are difficult to navigate and the best thing about LeaseQuery is that it takes some of the pressure off of keeping up with the changes and updates. We can depend on LeaseQuery.
Verified User in Building Materials
Good easy to use software
The simplicity with which we can handle the leases is probably the best part of LeaseQuery. I would also like to mention their customer support that is truly outstanding. Not only do they have people to guide you through the lease process, but they also have weekly calls to answer specific questions and help resolve issues.
Verified User in Manufacturing
Smooth Transition to LQ from other software
Customer service has been very helpful during our transition from our previous software. The input screens are very user friendly and searching for leases is very efficient.
Verified User in Retail
FinQuery - One of the better lease platforms I have worked with
I found the ease of use and number of features impressive. Customer support and help aids on the portal are very helpful. A valuable software tool that does an excellent job handling our responsibilities with Lease Accounting. LeaseQuery in my opinion is better than other platform solutions that exist in the marketplace.
Ryan M
Excellent Lease Accounting Software
The system is very well organized, has necessary internal control considerations, and is easy to use. Implementation is straightforward and the ease of implementation will be greatly dependent on the number of leases being uploaded. The reporting studio allows for custom reporting which is great. Highly recommend the tool.
Verified User in Accounting
LeaseQuery has been an amazing tool for our company to track and account for our various leases.
We have multiple leases to track so having them all stored in one place, being able to export amortization schedules, and utilizing the disclosure reporting has been extremely helpful in sticking to our month-end close and quarterly reporting deadlines.
Mohit S
LeaseQuery's intuitive design and helpful features make it easy to use.
It’s easy-to-use and customized reporting has significantly streamlined our Company’s Lease management processes. LeaseQuery provides very strong control and compliance framework that enhances our overall control environment.
Michelle D
Thankful for LeaseQuery!
LeaseQuery is the best source for maintaining the large number of leases in our Healthcare Corporation. The complex rules of ASC842 are difficult to navigate and the best thing about LeaseQuery is that it takes some of the pressure off of keeping up with the changes and updates. We can depend on LeaseQuery.
Verified User in Building Materials
Good easy to use software
The simplicity with which we can handle the leases is probably the best part of LeaseQuery. I would also like to mention their customer support that is truly outstanding. Not only do they have people to guide you through the lease process, but they also have weekly calls to answer specific questions and help resolve issues.
Verified User in Manufacturing
Smooth Transition to LQ from other software
Customer service has been very helpful during our transition from our previous software. The input screens are very user friendly and searching for leases is very efficient.