I think the software is very user friendly which has made the whole process smooth without any major hiccups Review collected by and hosted on G2.com.

I don’t like that there are separate rollforward reports for operating versus finance leases, and then another separate report for amortization, assets, and liabilities. It makes the reporting feel fragmented. Also, the journal entries can’t be modified within LeaseQuery to match the order of our GL string, which makes it harder to align the output with how we format entries internally. Review collected by and hosted on G2.com.

I really like that LeaseQuery powered by FinQuery is very easy to use. It gets me the reports I need, and I can be confident in the accuracy of the reporting and the accounting. The initial setup was also very easy. Review collected by and hosted on G2.com.

Nothing comes to mind Review collected by and hosted on G2.com.

It’s user-friendly and easy to use, and it also makes it simple to maintain large records. The report-saving feature and the standard, complete disclosure reports are especially helpful during monthly and quarterly closing. Review collected by and hosted on G2.com.

Bulk upload functionality needs lot of improvement at preparer as well as reviewer stage. Review collected by and hosted on G2.com.

User interface is super easy to use and report quality is excellent, best tool for reporting perspective Review collected by and hosted on G2.com.

In the Lease option, I can’t download the list in Excel. There also isn’t any option to download the list of leases. Review collected by and hosted on G2.com.

I use the prepaid accrual module in FinQuery. We decided not to use LeaseQuery to link our contracts. However, the contract module has been working perfectly for this organization. Review collected by and hosted on G2.com.

In using the new prepaid module, I find that simple user-friendly tasks need to be improved. For instance, when entering data, tabbing from field to field, needs improvement. The system itself is extremely slow when pulling up payments on the payment screen as well as selecting individual payments. Review collected by and hosted on G2.com.

LeaseQuery helps read the lease and input all the information needed! Saves so much time! Review collected by and hosted on G2.com.

Creating reports was a challenge at first but LeaseQuery was very helpful in showing me exactly how to get what I needed! Review collected by and hosted on G2.com.

I like the built-in checks and balances. The system physically stops you from making common mistakes, which are incredibly easy to make in spreadsheets. They make errors a lot less common and provide a really good bulletproof audit trail. Having a centralized secure repository for all these documents and bits and pieces like that is very helpful. Review collected by and hosted on G2.com.

There's quite a steep learning curve. So when you first set it up, the dashboards look a bit overwhelming to people. It takes a few months to really adopt for new users. Review collected by and hosted on G2.com.

I have had good experience using LeaseQuery for ASC 842 Lease accounting. It's very user friendly and and easy to setup leases. It also automates the schedules and journal entries. Also, i can pull reports for audits and financial reporting. Review collected by and hosted on G2.com.

the initial setup of lease can be time consuming. for example, when you load the pdf it still doesn't auto populate some boxes with the info from the pdf. additionally, running the reports can take some time. Review collected by and hosted on G2.com.

FinQuery’s built-in AI automatically extracts information from lease documents and prepopulates key data fields, which not only saves time but also improves accuracy. The amortisation schedules are extremely useful, as they detail the monthly lease payments, interest, liabilities, ROU asset values, and depreciation. These schedules also make it easier to reconcile figures with the balance sheet and income and expenditure accounts. The ability to assign different access levels to users was essential for us and met one of our top requirements. This feature creates a clear audit trail for all entries and approvals, ensuring that a senior team member reviews and authorises any additions or changes before they go live. The Auditor responsibility feature is another valuable addition, and our auditors made good use of it during our most recent external audit.

We found the implementation process quick and pain-free, which we appreciated greatly. Review collected by and hosted on G2.com.

At first, we found it inconvenient that the system used the American date format (month/day/year) instead of the English format (day/month/year). After we brought this up, FinQuery responded quickly and, within a month, introduced an option to select the preferred date format. We were very impressed by this responsiveness. Occasionally, the system experiences minor lag, but this has not been a significant problem for us. One feature we would find particularly helpful is a modelling 'play pit,' as we are frequently asked to model various lease scenarios to support decision-making at the senior level. Review collected by and hosted on G2.com.

This software has made it incredibly easy to stay on top of all my lease obligations. Everything I need—documents, payment schedules, renewal dates, and payment schedules are all organized neatly in one place.

I also appreciate how transparent and easy it is to review lease terms and track payments. Review collected by and hosted on G2.com.

I haven't found any downsides. It can be a little confusing sometimes trying to figure out how to fix an error or fix something entered incorrectly. Review collected by and hosted on G2.com.