LeaseQuery Pricing, Features, Reviews & Comparison of Alternatives

LeaseQuery

Lease Accounting Software for ASC 842, IFRS 16, & GASB 87

4.75/5 (34 reviews)

LeaseQuery overview

What is LeaseQuery?

LeaseQuery is a cloud-based lease accounting and lease management software for lessees reporting under FASB ASC 842 and IFRS 16 as well as both lessees and lessors under GASB 87. The system enables businesses to track their leases, get alerts for renewal deadlines, provide journal entries and financial disclosures, calculate straight-line amortization, and prevent overpayment of rent. It prepares journal entries for deferred rent and tenant improvement allowances, sends alerts for renewal deadlines, and provides the ability to create multiple reports.

The software sends users reminders of critical dates such as renewals, expirations, and custom dates. Users can assign different tasks to employees under multiple leases, along with “complete by” dates.

LeaseQuery allows users to store and organize documents in any format (PDF, Word, Excel) in one searchable database. It has a powerful search engine that enables users to locate documents quickly and easily.

LeaseQuery provides the Commitments reports required in the MD&A and the Commitments and Contingencies reports required in notes for GAAP. Users can further create their own customized reports with any attribute. The software supports data integrity by ensuring all leases entered are approved by another person. Each lease has an audit trail, disclosure, and approval.
www.leasequery.com

Pricing

Pricing options
Subscription
Free trial
Value for money
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Devices

Business size

S
M
L

Markets

United States

Supported languages

English
LeaseQuery screenshot: LeaseQuery DashboardJohnLeaseQuery screenshot: Lease Liability Amortization ScheduleLeaseQuery screenshot: Lease Accounting Disclosures ReportLeaseQuery screenshot: Lease Accounting Journal EntriesLeaseQuery Review

LeaseQuery user reviews

Excellent
26

Very good
8

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.9
  4.5
  4.8
  5.0
Jessica P.

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

Used weekly for 6-12 months
Reviewed 2018-03-26
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Missy W.

A Game Changer for Lease Management and Accounting!

Used daily for 1-2 years
Reviewed 2016-09-08
Review Source: Capterra

As a tenant-rep commercial real estate firm, we have found LeaseQuery to be an invaluable asset to our day-to-day operations. When we took on a few new clients, each with between 2-4 dozen leases nationwide, we were presented with the task of reviewing and subsequently managing each of their leases and also for staying aware of upcoming expirations and other important deadlines/dates. Additionally, as new members of the executive management team joined their respective companies, we were asked to bring them up-to-date on the company's real estate portfolio and the remaining obligations surrounding each lease. LeaseQuery made this incredibly simple, allowing us to securely store and organize all of the documents and information, create detailed summaries on each property, and download comprehensive reports in minutes.

Pros
We are able to instantly pull up all of the details on any given lease with only a couple clicks of the mouse. From basic information like location, size and important dates, to amortization charts and financial/accounting data, the search feature makes it simple to use and gives you immediate results. No more digging through files and endless spreadsheets! We also love the automated email reminders of upcoming important dates, which help ensure no deadlines slip through the crack!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Paul L.

We're off to a good start with this software.

Used weekly for 1-2 years
Reviewed 2021-03-03
Review Source: Capterra

We’ve found the system to be intuitive, accurate and generally easy to use, making journal entries and reporting significantly easier than any kind of home-grown, manual process could ever be.

Pros
This software handles the “basic blocking and tackling” of lease accounting well. The amortization schedules, journal entries and account balance reporting make understanding the ASC 842 and IFRS 16 accounting easier too. The recorded sessions were particularly helpful to me as I learned the system – I was able to learn the intricacies of the system at my own pace.

Cons
The system throws unusual error messages occasionally that are not always easy to interpret, but once you’re familiar with them, they become pretty much a non-issue.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 10/10

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Ryan F.

Review

Used monthly for 1-2 years
Reviewed 2020-03-12
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Clement C.

Phenomenal Product

Used weekly for 1-2 years
Reviewed 2021-01-15
Review Source: Capterra

Michelle Moura, our account manager has been phenomenal. Customer support is very responsive. Overall, this product and people rate beyond expectations.

Pros
I have been using the software for over a year with over 100 leases to enter. Everything is in one place: data, documents, and report functionality. This is being used not only by accounting but our sales manager to manage the renewal of the leases.

Cons
Some aspects needed to be tweaked to make applicable to some of our situations. These were discussed with our account manager who submitted them for enhancements and several have been resolved.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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LeaseQuery pricing

Pricing options
Subscription
Free trial
View Pricing Plans

Contact vendor for pricing

LeaseQuery features

API
Accounting
Accounting Integration
Activity Dashboard
Alerts/Notifications
Audit Trail
Compliance Management
Customizable Reports
Expense Tracking
Multi-Currency
Reporting/Analytics
Third Party Integrations

Billing & Invoicing (351 other apps)
Data Import/Export (342 other apps)
Electronic Payments (231 other apps)
Invoice Management (298 other apps)
Invoice Processing (227 other apps)
Recurring/Subscription Billing (224 other apps)
Reporting & Statistics (404 other apps)
Workflow Management (259 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for LeaseQuery

Key features of LeaseQuery

  • Accounting for leases
  • Asset management
  • Audit trail
  • Commercial leases
  • Commitments reports
  • Contact management
  • Currency Translations
  • Document management
  • Landlord database
  • Property management
  • Real estate portfolio management
  • Renewal alerts
  • Retail leases
  • Space management
  • Tenant database
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Benefits

• With LeaseQuery, users can create custom fit reports by adding custom metrics or attributes to the system.

• Documents of any type can be uploaded into one searchable database.

• Users can create custom dates for any lease.

• LeaseQuery provides access to lease documents and information from any location.

• Users can set different tasks under multiple leases.