Lease accounting software from LeaseQuery, LLC.
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.
The primary features of LeaseQuery include:
Required disclosures for:
LeaseQuery is used by individuals in:
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.
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 journal entry exports
Having to submit a lease in order to see TI to see the “new rules” implemented in the amortization table
LeaseQuery is a user friendly software that allows our 5 subsidiary companies to easily manage their combined 150 leases.
To me, the best part about LeaseQuery is the how user friendly the software is.
Occasionally, there have been times where the website seems to drag.
Lease Query is a software used to calculate lease asset, liabilities, amortization schedules, create journal entries and reports.
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.
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.
LeaseQuery is exactly the accounting software our company needs to comply with ASC 842 for leasing.
The website is very easy to use, understand, and navigate. But more importantly is to get the reports and journal entry needed.
Sometime the website can be slow.
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 software is intuitive and easy to use.
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.
It’s easy to use and easy to learn.
The quick response of the Support team
The help section does not give enough examples.
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.
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.