# What does lease accounting software do?

What does lease accounting software do?

##### Post Metadata
- Posted at: almost 4 years ago
- Author title: Pinned by G2 as a common question



## Comments
### Comment 1

 Lease accounting software provides the calculations and functionalities that are necessary to comply with the financial reporting standards for lease contracts. Those standards include ASC 842, introduced by the FASB in 2016, as well as IFRS 16, GASB 87, GASB 96, and various others.

##### Comment Metadata
- Posted at: over 3 years ago
- Author title: Manager, Field Marketing




## Related Product
[LeaseQuery powered by FinQuery](https://www.g2.com/products/leasequery-powered-by-finquery/reviews)

## Related Category
[Lease Accounting](https://www.g2.com/categories/lease-accounting)

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