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

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

Other Software by LeaseQuery, LLC

User Reviews of LeaseQuery

★★★★★
★★★★★
Submitted on September 15th, 2020 by Julia Backes

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 from Construction Partners Inc.

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 an anonymous LeaseQuery user.

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 an anonymous LeaseQuery user.

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 an anonymous LeaseQuery user.

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 an anonymous LeaseQuery user.

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 25th, 2019 by Anna K.

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 25th, 2019 by Monica H. from Community Bank N.A.

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.

I