Lease accounting software from LeaseQuery, LLC.

About LeaseQuery

LeaseQuery is a FASB ASC 842, IFRS 16, and GASB 87 lease accounting software solution. Essential features include error-free amortization schedules and journal entries, critical date alert setting, and data entry validation. With LeaseQuery, public and private companies, as well as government organizations, are able to meet auditor and regulatory requirements.

Video Overview

Primary Features

The primary features of LeaseQuery include:

Software Features

  • Role-Based Access
  • Locking Journal Entries
  • Critical Date Alert Notifications
  • Custom and Canned Reports
  • Seamless Integration with Any ERP

Data Integrity

  • Data Entry Validation
  • Lease Change History Documentation
  • Duplicate Prevention
  • General Ledger Agnostic

Accounting Intelligence

  • ROU Asset and Lease Liability Calculation
  • Assessment of Lease and Non-Lease Components
  • Contingent Rent
  • Practical Expedient Application
  • Borrowing Rate Charts
  • Custom Calendars

International Considerations

  • Multi-Currency
  • Translation and Remeasurement

Reporting

Required disclosures for:

  • ASC 840
  • ASC 842
  • IFRS 16
  • GASB 87
  • Legacy GASB

Target Market

LeaseQuery is used by individuals in:

  • Finance and accounting teams
  • Accounting firms
  • Government organizations

Pricing Guide

LeaseQuery does not advertise pricing online. The software packages are priced per lease and include an unlimited number of users. There is no free trial available. There is no free version available.

Product Overview

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User Reviews of LeaseQuery

★★★★★
★★★★★
Submitted on May 15th, 2023 by Nikki Roth

We ended up going with LeaseQuery for our lease accounting. Another company near us are using the same program so now we can check and see if we are doing it right.

LeaseQuery was pretty comparable to the few other systems we checked out. Their pricing was a bit higher than some of the other systems but we had some familiarity and liked the ease of use of LeaseQuery.

★★★★★
★★★★★
Submitted on April 14th, 2023 by Anonymous

The name familiarity of Leasequery drew us to it. Turned out price was all good too. Support was good, they did a good job with the implementation.

You would have had to do a bunch of manual adds for some other programs. Those were more of a manual database. Leasequery was a little bit more of a polished, finished product.

The Good…

Support and pricing

The Bad…

None

★★★★★
★★★★★
Submitted on March 23rd, 2023 by Anonymous

After looking at a handful of solutions for ASC 842 complinace, we moved forward with Lease Query. The primary reason is they were most established across the market and a trusted vendor in the field. As a user on the software for the last several months, we have been happy with the system.

★★★★★
★★★★★
Submitted on March 10th, 2023 by Stephanie Hernandez

We ended up going with LeaseQuery, their support team has been great and have been listening to our feedback on how to improve the system. They have made several changes that made the program more user friendly.

Their program out of the ones we reviewed were albe to meet all of our needs from a lease accounting system.

The Good…

Great support that listened to our feedback.

Made changes based on our feedback

The Bad…

No cons at this time.

★★★★★
★★★★★
Submitted on December 22nd, 2022 by Chris Faria

We ended up going with LeaseQuery after reviewing a few recommendations. They were able to meet all of our needs and even had more features than we needed. We ended up choosing them as they seemed the simplest to use. Support has been great and we have monlty meetings with LeaseQuery

The Good…

Met all of our lease accounting needs Great support team

The Bad…

Nothing negative in our month of using it.

★★★★★
★★★★★
Submitted on December 16th, 2022 by Anonymous

We demoed LeaseQuery and thought it was fine. It was able to meet all of our needs but we ended up going with another product. The pricing for the other product just made sense for our simple needs.

The Good…

Able to meet all of our software needs

The Bad…

Other options were more affordable.

★★★★★
★★★★★
Submitted on July 7th, 2021 by Anonymous

Lease Query is a lease tracking software that simplifies the lease accounting experience.

The Good…

I like how simple the software is to use and how responsive the reps are!

The Bad…

Sometimes the reports I am looking for are not readily available but the reports can be made by yourself or with the help of the rep.

★★★★★
★★★★★
Submitted on September 15th, 2020 by Anonymous

LeaseQuery has been a critical part of our implementation of 842. It would be helpful if I were able to make changes to leases that are in the “submitted” phase and if there was a function that checked the effect of receiving TI reimbursements at different dates than originally imputted.

The Good…

The journal entry exports

The Bad…

Having to submit a lease in order to see TI to see the “new rules” implemented in the amortization table

★★★★★
★★★★★
Submitted on September 4th, 2020 by Billy McCarthy

LeaseQuery is a user friendly software that allows our 5 subsidiary companies to easily manage their combined 150 leases.

The Good…

To me, the best part about LeaseQuery is the how user friendly the software is.

The Bad…

Occasionally, there have been times where the website seems to drag.

★★★★★
★★★★★
Submitted on April 17th, 2020 by Anonymous

Lease Query is a software used to calculate lease asset, liabilities, amortization schedules, create journal entries and reports.

The Good…

The software is easy to use, it has helped us organize and keep the leases in one place, and it allows us to create journal entries.

The Bad…

We have encountered several issues with the termination journal entries and we have had to calculate them manually. I wish when an issue is reported by one user, they would make other users aware of the problem. Sometimes they do, but sometimes they don’t.

★★★★★
★★★★★
Submitted on February 27th, 2020 by Anonymous

LeaseQuery is exactly the accounting software our company needs to comply with ASC 842 for leasing.

The Good…

The website is very easy to use, understand, and navigate. But more importantly is to get the reports and journal entry needed.

The Bad…

Sometime the website can be slow.

★★★★★
★★★★★
Submitted on February 26th, 2020 by Anonymous

LeaseQuery is a good product to handle a smaller lease population. We have somewhere around 100-125 leases at any given time and it is perfect for managing that population.

The Good…

The software is intuitive and easy to use.

The Bad…

The lack of a catch-up journal entry has been a pain-point for our team thus far, LQ does promise this will be fixed sometime around Q1-Q2 2020.

★★★★★
★★★★★
Submitted on January 20th, 2020 by Anonymous

It’s easy to use and easy to learn.

The Good…

The quick response of the Support team

The Bad…

The help section does not give enough examples.

★★★★★
★★★★★
Submitted on July 24th, 2019 by Anonymous

This is a breath of fresh air for an occupation that’s usually treated with bored stares, long sighs and slow blinks. As I signed off for the day, I found myself wondering what new funny would be waiting for me the next time I logged into LeaseQuery. And then I realized I was actually liking lease accounting for the first time in eight years.

★★★★★
★★★★★
Submitted on July 24th, 2019 by Monica H.

The things that we liked about LeaseQuery were the data validation, audit trail, and email notifications.

When we have questions, we send a note, and someone sends a response within an hour or two.