LeaseQuery powered by FinQuery Pricing Overview

LeaseQuery was a tremendous relief with the adoption of ASC 842. My company has over 200 leases globally, and I could not imagine doing the accounting for leases manually. The LeaseQuery features I like the best: 1) Journal Entry processing - I like that I can filter by cost center or lease type and export the ready to post journal entries into our ERP system. 2) Reports feature - I am able to run any kind of report that I need, either by the suggested reports that are already set up in the system, or by customizing my own report. 3) LeaseQuery became our centralized space to save lease documents. 4) Foreign exchange rates - the system allows me to update the monthly FX rates so that all foreign leases can be translated from their currency to reporting currency (USD). 5) LeaseQuery is very user-friendly 6) The system has a Help Center that I use often if I have a question on how to do something in the system, or if I need to "research" more on ASC 842. It really helps explain things clearly and even provides videos. 7) Auditor Access - our external auditors are able to have read only access and can pull support directly from LeaseQuery- saving me time at year-end. 8) Catch-up journal entries - sometimes we have a new lease that was missed in a previous period. The system has the ability to run a catch-up journal entry to account for the missed period. 9) Amortization schedules can be easily extracted Review collected by and hosted on G2.com.

Might be user error, but when trying to update the financial information for an existing lease, the system reverts back to the "legacy" input (now there is a better process in the system for setting up leases).

The journal entry feature does not have an option to post just the opening balance "commencement" journal entry (recording the opening balance asset and liability). I have to do this manually for any new leases for Cash Flow reporting purposes.

This might also be user error, but when I try to input certain fields such as Salvage Value or Purchase Option, the system is awkard and requires another step in the process and will not allow you to move forward - havent figured out what that step was requiring me to do so I made it work without inputting those fields. Review collected by and hosted on G2.com.

Ease of use and cost effectiveness. Made the entire lease adoption experience much simpler. Review collected by and hosted on G2.com.

Nothing comes to mind. We only use it for leases and we've had no issues. Review collected by and hosted on G2.com.