About LeaseQuery

LeaseQuery is a cloud-based lease accounting software solution for lessees/tenants. The system enables companies to fully comply with FASB ASC 840, FASB ASC 842, IAS 17, and IFRS 16. The system generates accurate amortization schedules and journal entries and enables companies to meet disclosure requirements set by financial regulatory boards. LeaseQuery was built by accountants for accountants and its software is complemented by the expertise of the company's in-house accountants. The system also supports the internal controls companies need to ensure the accuracy of their financial statements.

LeaseQuery offers numerous features that simplify lease management. It acts as a searchable, centralized repository for lease documents and provides automated alerts ...


Read More

Supported Operating System(s):

Mac OS, Web browser (OS agnostic), Windows 8

31 Reviews of LeaseQuery

Average User Ratings

Overall

4.76 / 5 stars

Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(23)

23

4 stars

(8)

8

3 stars

(0)

0

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 31 results

March 2018

Jessica from Northwest Farm Credit Services

Verified Reviewer

Company Size: 501-1,000 employees

Industry: Financial Services

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

March 2018

LeaseQuery software has improved our process and access to lease accountants adds value!!

Automates everything related to leases - payment schedules, journal entries, disclosures, reconciliation support, alerts and so much more! Also get access to lease accountants and ability to ask questions and get timely feedback with chat function! They genuinely care about their customers and above all provide excellent customer service!

Pros

Automates, does the lease calculations and disclosures for us, sends alerts for critical dates, central repository for all lease contracts, highlights areas of changes for ease of review, chat function makes it easy to get questions answered quickly, easily converts to new lease standard, build by CPAs who know critical data elements needed, easy to use!!!

Cons

A couple functions were needed, but when requested by LeaseQuery were told they were already working on it and now we're just waiting for those enhancements to be tested and released to the live version. They are continually making changes to the software and are also open to feedback.

March 2020

Adrian from Amerant Bank

Company Size: 501-1,000 employees

Industry: Banking

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

March 2020

Amerant Bank loves LeaseQuery!

Amerant Bank is very satisfied with LeaseQuery. It has allowed us to automate our entire lease process and removed the need to perform very complex calculations in excel. Additionally, we have found the multi-departmental collaboration efforts between our Facilities, Accounting, Internal Controls, and Reporting teams to be seamless.

Pros

The software is very user friendly and has out-of-the box reports that make ASC 842 compliance a breeze. The tool makes lease management and accounting very simple from beginning to end.

Cons

Changing some lease characteristics after a lease has been approved is a little cumbersome as the tool requires the user to re-enter some of those characteristics from scratch rather than just changing one specific field.

Reasons for Choosing LeaseQuery

Cost and ease of use.

September 2020

Chad from Banking Industry Business

Company Size: 501-1,000 employees

Industry: Banking

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

Functionality

5.0

September 2020

Great Product and Excellent Customer Service

I would say overall, I am having a good experience with LeaseQuery.

Pros

The fields of options that it allows you to tailor the program to create what you info you need that is specific to your business is great. I also like the you can make up your own reports is endless. The tech department for customer support is high above the others. They are very responsive and get back to you quickly and are very knowledgeable. They also take the time to have training sessions 1 on 1 through zoom and listen to your questions and answer them accurately. It helps you learn how to do things quicker.

Cons

Some times it runs slow, but it's possible it could be our company's networking or connection that makes it slow. It is not constant which is good, but once in awhile it is slow for me.

March 2020

Ryan from Heritage

Company Size: 501-1,000 employees

Industry: Insurance

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

March 2020

Review

Once I enter a lease in LeaseQuery, the data that comes out is very useful.

Pros

Software is pretty easy to use and makes accounting side of if very easy for Journal Entries

Cons

Running different reports can be tough sometimes but once you figure it out, it's no problem

September 2020

Dru from Salem Media Group

Company Size: 501-1,000 employees

Industry: Broadcast Media

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Customer support

5.0

Functionality

4.0

September 2020

LeaseQuery Review

Pros

[SENSITIVE CONTENT HIDDEN] of your customer support team did a fantastic job. She really provided top notch customer service.

Cons

Some areas not as user friendly. Glad that I could always call [SENSITIVE CONTENT HIDDEN]