Comprehensive Management of Lease Accounting

Lease Management Solutions help accountants and financial professionals understand how to properly account for the trillions of dollars in lease liabilities through CPA-approved, cloud-based software. From reporting to journal entries, the software addresses and improves lease accounting and facilitates compliance for organizations across all sectors reporting under FASB, IFRS, and GASB. These solutions are built with the complexities of lease accounting in mind, arming accountants with operational tools, data integrity, accounting intelligence, international consideration, and the specific disclosure reports required by auditors and regulators.

FASB Compliant
GASB Compliant
IFRS Compliant
 

Lease Management Software Benefits

CPA-approved Lease Management Solutions help accountants and other finance professional eliminate lease accounting errors that lead to material misstatements.

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pre-built disclosures for reporting

Save time compiling disclosures for quarter and year-end by using pre-built templates.

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flexible reporting studio for ad hoc reports

Easily create any additional ad hoc reports from any data point in the system.

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full amortization schedules for lease liability

Easy to understand amortization schedules for lease liability and right of use asset with full details required.

Lease Liability Index Report

need help with the new asc 842 guidelines?

ASC 842 compliance changes, initially adopted by public companies in 2019, are now required for privately-held companies effective at the end of 2022 for all fiscal years ending after December 15, 2021.  The new lease standards, following FASB and GAAP guidance, require advance planning, research, and thorough testing. It is advised that affected companies prepare for on-time adoption to avoid additional year-end close stress and ease financial reporting readiness. Implementing a lease accounting solution can greatly help you manage this transition efficiently to ensure compliance.  

LeaseQuery ASC 842 Transition GuideLearn how to transition from accounting for leases under current GAAP to a successful adoption of the new lease accounting rules. We'll help you navigate the lease accounting changes while avoiding any potential pitfalls along the way.

 

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LeaseQuery ASC 842 Transition Checklist V2Transitioning from accounting for leases under GAAP to the new lease accounting standard, ASC 842, can be a challenge. Use this detailed ASC 842 Transition Checklist to assist you through this process.

 

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LeaseQuery ASC 842 Finish Line-1As the ASC 842 deadline approaches, LeaseQuery gathered insight into the concerns private companies predict will impact lease accounting compliance which includes: COVID and pandemic lease modifications, staffing and talent challenges, and going at it alone.

 

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About LeaseQuery

Built by Accountants for Accountants — designed to create accurate lease expenses that reconcile, gather correct PBC documents, and more.

How to Avoid Lease Accounting Mistakes

Learn 2 of the most common nightmares companies face and how to avoid them.

Lease Accounting Questions & Answers

A Technical Accounting Manager at LeaseQuery answers the most common questions asked.

Interested in learning more about how LeaseQuery can transform your current lease accounting procedures? Click below to get in touch, ask a question, or schedule a demo.
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