Since then, LeaseQuery has made meaningful improvements. The AI-driven lease entry feature is a standout enhancement—streamlining the onboarding of new leases with impressive efficiency and accuracy. This has significantly reduced manual data entry and the risk of errors.

Another welcome update is the introduction of locked period entries, which appears to have resolved many of the prior period modification issues. By preventing unintended changes to closed reporting periods, this feature has added a layer of control and auditability that was previously missing.

Overall, LeaseQuery has evolved from a reactive solution to a more robust and user-friendly platform. While the early implementation had its growing pains, the recent updates demonstrate a clear commitment to improving functionality and user experience. Review collected by and hosted on G2.com.

When ASC 842 was first introduced, LeaseQuery emerged as one of the early software solutions specifically designed to address the new lease accounting requirements. As a first-generation tool in this space, it provided a much-needed framework for managing lease data and ensuring compliance. However, like many systems launched in response to new regulations, the initial implementation came with challenges.

One of the most notable hurdles during the first year of adoption was handling modifications to prior period entries. The system lacked flexibility in this area, making it difficult to adjust leases retroactively without impacting reporting integrity. This created complications for teams trying to reconcile historical data while maintaining compliance. Review collected by and hosted on G2.com.

LeaseQuery utilizes a dynamic, user-friendly interface that enables people of all backgrounds to safely navigate and understand key details of their leases. This enables better detail oriented financial reporting and seamless organization provided for all documentation stored within. As a result, LeaseQuery is a useful tool that can be relied on by all financial professionals. Review collected by and hosted on G2.com.

The company is struggling to integrate LeaseQuery with 3rd party software like Okta. Okta is used as a space to organize software applications and websites, customized for professional or personal use. It is essential from a professional standpoint to use 3rd party applications like Okta, because it allows for multi-factor authentication. It would be nice to have this multifactor authentication so that system admins could assist in IT related issues. As of now, we have to log in through LeaseQuery portal without any multi-factor authentication. Review collected by and hosted on G2.com.

I like the peace of mind that everything is automated and all in one place. I can customize nearly anything I want, including eliminating intercompany leases. Creating, renewing, and modifying leases is really simple. I was manually tracking and calculating ASC 842 leases before using LeaseQuery and it was a daunting task. With multiple entities in our consolidation, it was complicating and time consuming. Now I spend roughly 30 minutes a month on it and it couldn't be easier. Review collected by and hosted on G2.com.

Some of the page views could be improved for ease of navigation. Review collected by and hosted on G2.com.

LeaseQuery is very easy to use and simple to set up, even for people who are not technical. It comes with clear steps for adding lease information and has many helpful features that make daily work easier. The platform supports teamwork, integrates smoothly with other tools, and keeps important data organized and secure. Their customer support is quick, friendly, and always ready to help. Review collected by and hosted on G2.com.

Sometimes the system runs slower than I would like especially when making reports and it feels a bit pricey, but fixing the speed issues would make it almost perfect. Review collected by and hosted on G2.com.

The software is very easy to use and was simple for us to set up across different countries without any problems. We use it regularly because uploading and managing leases is straightforward, and the screens are clearly laid out. It has plenty of helpful features and connects smoothly with tools like Microsoft Dynamics, SAP, NetSuite, and others. The support team is quick to respond and always open to feedback, which makes the whole experience even better. Review collected by and hosted on G2.com.

Updates are helpful, but sometimes they change the layout slightly and take time to get used to. More consistent design would make transitions easier. Review collected by and hosted on G2.com.

The best part of LeaseQuery are the individual lease amortization tables. So easy to reconcile to the GL and check what the balances are supposed to be. Anytime I have needed help the support team is extremely helpful in solving the issue. I use LQ on a daily basis and it is just easy. Review collected by and hosted on G2.com.

I have ran into a few one off items that are quirks in the system. Some items are so unique it may not be the easiest to account for. Just because of how my company handles certain lease aspects. Review collected by and hosted on G2.com.

LeaseQuery is a very easy to use tool when it comes to keeping track of our leases. The system is spelled out nicely to figure out exactly what needs to be entered. Our support staff is friendly, timely, and willing to go the extra mile to help make sure that any issues are dealt with quickly, as to not leave us with outstanding items at month or quarter end. Implementation was pretty flawless in that LeaseQuery entered our current leases for us, saving us valuable time. Once we were given access to the system, we were met with great support as we integrated into using the platform and all its features. We are in the system on a daily basis, so having the pages easy to use and the system work fast is very helpful for us. Review collected by and hosted on G2.com.

The one thing I have found that I don't like about LeaseQuery is the new way to enter leases. I go back to the legacy format every time as the information stays exactly how I entered it. And AI doesn't work for all of our lease information we receive so manual entering is necessary. Review collected by and hosted on G2.com.

The platform is highly intuitive and user-friendly, which has made lease accounting much easier for our team. The implementation process went smoothly, and we received support at every stage. Our internal accounting system is Microsoft Dynamics, and the LeaseQuery implementation team guided us throughout to ensure the integration was not only seamless but also efficient. Sending monthly journal entries from LeaseQuery to Microsoft Dynamics is straightforward and quick—just a few clicks each month, and the journal entries are ready to post. This process helps eliminate manual errors and ensures accuracy in our reporting. Additionally, it gives us confidence in our compliance with ASC 842 and other relevant standards. The support team is always responsive and knowledgeable, truly feeling like an extension of our own staff. Overall, LeaseQuery has saved us countless hours by automating calculations and reporting. Review collected by and hosted on G2.com.

Initially, the learning curve was somewhat steep, but thanks to the support team, we were able to overcome it quickly. Review collected by and hosted on G2.com.

I love that LeaseQuery powered by FinQuery makes 842 lease accounting an efficient process and keeps all of our data organized. This efficiency is pivotal in preparing our month-end journal entries, generating month-end reports for account reconciliation, and SEC reporting. I enjoy the ease of use and the ability to customize data, allowing me to access my data whenever I need it and tailor it to my specific needs. I also appreciated how easy the initial setup of LeaseQuery powered by FinQuery was, which made the transition smooth and hassle-free. It's really a valuable tool in simplifying complex accounting tasks and enhancing productivity. Review collected by and hosted on G2.com.

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Using LeaseQuery helps to keep track of all of our leases in one area and generate all necessary entries painlessly at the end of the month. LeaseQuery helps ease the worry and time consuming task of making sure all our lease accounting methods are up to date with current standards. We recently had a call with Michael to discuss how we are liking the system and he informed us of possible integration with our ERP system that we are intrigued to look into. Michael was very informative and professional and we look forward to communicating with him in the future. Review collected by and hosted on G2.com.

In using LeaseQuery we have noticed that the different ways to make updates to and amend leases whether from an amended lease, extended lease, or an import error are not always straightforward and simple to determine. We have tried using the help center articles, but many of the articles seem to conflict with each other and we typically end up using a "guess and check" type method when we have to make any changes. Review collected by and hosted on G2.com.