LeaseQuery

LeaseQuery is a specialized accounting solution for managing leases under IFRS 16, ASC 842, and GASB 87 standards. It handles operating and finance leases, automatically calculating right-of-use assets, liabilities, and amortization schedules. Users can store lease documents, track renewal options, and produce disclosure reports. A compliance engine ensures each lease’s accounting treatment meets the latest regulations. The system also helps with embedded leases or multi-asset contracts. By focusing on correct lease accounting, LeaseQuery is popular among corporate finance teams needing audited financial statements that comply with new lease rules.