1. LeaseQuery
Simplifying lease accounting for ASC 842, IFRS 16, and GASB 87.
LeaseQuery is a comprehensive lease accounting software that helps businesses comply with new lease accounting standards. It automates calculations, generates journal entries, and provides detailed reporting for leases, ensuring accuracy and reducing manual effort. The platform supports various lease types and offers robust audit trails.
Pros
- Automates complex lease accounting calculations.
- Ensures compliance with ASC 842, IFRS 16, and GASB 87.
- Robust reporting and audit trail capabilities.
Cons
- Can be costly for very small businesses.
- Initial setup may require significant data input.
