LeaseQuery Features

LeaseQuery

Lease accounting software for businesses of all sizes

4.91/5 (16 reviews)

LeaseQuery Feature Summary

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

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Competitor Feature Comparison

LeaseQuery Feature Reviews

16 reviewers had the following to say about LeaseQuery's features:

Jeffrey Carr, CPA

The support team at LeaseQuery has been exceptional with overall communication.

2018-04-12

Compliant lease reporting.

Pros

The software is specifically for accounting so it allows for accurate and straightforward reporting that is compliant with new lease accounting standards.

Cons

Right now as an administrator I have to approve any changes made to a lease in the system for accounting controls compliance which makes it unusable for our facilities team.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Hayley Little

Great Solution for a Complicated Issue

2016-09-23

This software not only creates a one stop shop for all lease documents, contacts, dates and financial information, it also creates efficiencies across other departments such as fixed asset location reporting.

Pros

The ability to store all lease information in one spot that is easily found instead of using a folder system on a hard drive. It allows multiple users to query information on the fly.

Cons

I would like to be able to run a report for a specified date without having to save the report first.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

10/10

Recommendations to others considering LeaseQuery

I would highly recommend this software to businesses that have greater than 5 leases.

Source: Capterra
Helpful?   Yes   No
Read more
Missy Whitehill

A Game Changer for Lease Management and Accounting!

2016-09-08

As a tenant-rep commercial real estate firm, we have found LeaseQuery to be an invaluable asset to our day-to-day operations.

Pros

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10

Recommendations to others considering LeaseQuery

In addition to making the management of leases a breeze, LeaseQuery also provides extensive financial and accounting services, which has proven to be a huge asset to the CFOs, controllers and accountants for the companies we represent. Not only are we able to provide them with a higher quality of service through LeaseQuery, we are also giving them another extremely beneficial tool for their arsenal, which we have been told makes their jobs and the management of money as it relates to their company's real estate portfolio much easier.

Source: Capterra
Helpful?   Yes   No
Read more
Gary Podris

LeaseQuery has made it extremely easier to track all of our leases.The transition was smooth as well

2018-06-11

Having all of our leases in one place and NOT a spreadsheet has saved considerable amount of time and effort having to get ready for the new accounting changes.

Pros

LeaseQuery is pretty user friendly but if a question does ever come up, the customer service team are offering help and suggestions within moments.

Cons

LeaseQuery has made tracking our leases so much easier and the monthly updates keep improving the process.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Morgan Snipe

Efficient, helpful, easy to use

2018-04-05

Pros

The software has helped ease the tracking of our operation and capital leases.

Cons

We have to manually look up items related to base rent and other contractual payments by lease.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Accounting company, 10001+ employees)

LeaseQuery is great for CPA's of all kinds!

2018-10-03

Since our company handles bulk leases on various properties, this software has made it very easy to grasp the situation.

Pros

This software makes accountant's jobs easier when it comes to lease accounting. Since the recent changes in leasee/leasor accounting, this software has been able to help the team understand various aspects of this challenging topic.

Cons

I suggest a little more user-friendly interfaces. But other than that, nothing to note.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Mike Shaw

Lease Query is my lifeline to maintaining sanity when dealing with over 70 Property Leases.

2018-03-20

Pros

Countless hours spent on updating Lease extensions, contact info. deferred rent calculations and the worry of misstating financials with a simple oversight or formula error.

Cons

With the requirement of a 2nd approver, which by the way is fantastic feature, once you begin a renewal or modification and discover you did something incorrect, the second approver needs to "reject" the submission before you can correct the error.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Read more
Sarah McMillan

LeaseQuery made my job so much easier!

2015-05-31

He was available for consulting, was years ahead of our external auditors in terms of lease knowledge and financial reporting, and walked us through his easy-to-use system.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Trista Land

LeaseQuery dramatically impacted our accounting and operations team

2015-10-09

This software gave us P&L savings and real dollar savings that was right in front of us.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Jessica Pegram, CPA

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

2018-03-26

Automates everything related to leases - payment schedules, journal entries, disclosures, reconciliation support, alerts and so much more!

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

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Joan Smith-Schrenk

Senior Manaer Financial reporting and Compliance

2017-02-22

I have recommended this product to others as I love the cloud-based feature of it as well.

Pros

Organization of leases, prepare journal entries for monthly close, prepares the impact of the new lease pronouncement for the CFO. Our Big 4 CPA firm recommended a product that organized all of our leases in one place and Leasequery does that.

Cons

We use a slightly different method for amortization on some of our leases but it is not really a con as our property accounting system actually records the amortization for our leases.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

10/10

Recommendations to others considering LeaseQuery

The software is cloud based and easy to use and set up.

Source: Software Advice
Helpful?   Yes   No
Read more
John Nichols

Tupelo Honey Cafe Property Lease

2016-04-26

Pros

The monthly reports help with the preparation of our lease liability roll forward; which drives our monthly journal entries.

Cons

Updating lease information for CAM adjustments seems cumbersome.

Rating breakdown

Ease of use
Features
Customer support

Time used: 6-12 months

Likelihood to recommend

9/10

Recommendations to others considering LeaseQuery

With all software products, check for how responsive the software staff are. Are the standard reports going to give you the information you need to manage your leases.

Source: Software Advice
Helpful?   Yes   No
Read more
Trista Land

LeaseQuery made accurate lease accounting possible for us.

2016-04-25

Pros

The ease of month end journal entries and audit are invaluable.

Cons

It can be challenging to keep CAM costs updated. Updates come at different times from Vendors so this has to be diligently maintained.

Rating breakdown

Ease of use
Features
Customer support

Time used: 1-2 years

Likelihood to recommend

10/10

Recommendations to others considering LeaseQuery

Test load some of your more complicated leases to see how everything flows. This will highlight any customization needed.

Source: Software Advice
Helpful?   Yes   No
Read more
Sam Volkmer

Very approachable. The possible time savings in the automation and records-keeping is tremendous.

2018-03-15

Pros

-The automation settings, alerts, and logic that you can set up are very customizable and have a lot of utility.

Cons

-There are still occasional bugs and kinks, but nothing that crashes the system. -The pop up calendars, reminders, and autofills can be a bit too overbearing and helpful.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Denise Acklin

LeaseQuery Review

2016-09-23

Their software has helped make our processes much more manageable and efficient and it has exceeded our expectations.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Chris Forde

Easy to Use and Very Helpful

2015-08-12

Leases are very easy to input into the software and the summary outputs are very helpful.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more