LeaseQuery

5 / 5 8 reviews

Who Uses This Software?

Businesses that need help accounting for and managing leases


Average Ratings

8 Reviews
  • 5 / 5
    Overall
  • 5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Free Demo
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • LeaseQuery
  • www.leasequery.com/
  • Founded 2001
  • United States

About LeaseQuery

Cloud-based lease accounting software that helps businesses manage their leases and smoothly transition to the new lease accounting rules. LeaseQuery focuses on the tenant/lessee with accommodations for subleases. It handles real estate, equipment, and vehicles for both Capital and Operating leases. LeaseQuery provides straight-line monthly journal entries required by GAAP, sends alerts for renewal deadlines and analyzes your portfolio for the effect of the new lease accounting rules.


LeaseQuery Features

  • Billing & Invoicing
  • Commercial Leases
  • Contact Management
  • Landlord Database
  • Portfolio Management
  • Property Management
  • Residential Leases
  • Retail Leases
  • Sublease Management
  • Tenant Database

LeaseQuery Reviews Recently Reviewed!

Senior Manaer Financial reporting and Compliance

Feb 21, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: The LeaseQuery software is easy to use and I was able to get up to speed rather quickly. It calculated the impact of the new lease pronouncement so that I could show the CFO and VP of Finance. I have recommended this product to others as I love the cloud-based feature of it as well. It organizes all of your leases in one place.

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. LeaseQuery uses the life based on the lease which works for many companies.

Recommendations to other buyers: The software is cloud based and easy to use and set up.

LeaseQuery Review

Sep 23, 2016
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: Our company recently started using LeaseQuery to help manage the growing number of leases that we have. Their software has helped make our processes much more manageable and efficient and it has exceeded our expectations. They are always available and very responsive too. We are so glad that we found them!

A Game Changer for Lease Management and Accounting!

Sep 08, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: We are able to instantly pull up all of the details on any given lease with only a couple clicks of the mouse. 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. No more digging through files and endless spreadsheets! We also love the automated email reminders of upcoming important dates, which help ensure no deadlines slip through the crack!

Overall: As a tenant-rep commercial real estate firm, we have found LeaseQuery to be an invaluable asset to our day-to-day operations. When we took on a few new clients, each with between 2-4 dozen leases nationwide, we were presented with the task of reviewing and subsequently managing each of their leases and also for staying aware of upcoming expirations and other important deadlines/dates. Additionally, as new members of the executive management team joined their respective companies, we were asked to bring them up-to-date on the company¿s real estate portfolio and the remaining obligations surrounding each lease. LeaseQuery made this incredibly simple, allowing us to securely store and organize all of the documents and information, create detailed summaries on each property, and download comprehensive reports in minutes.

Recommendations to other buyers: 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.

Tupelo Honey Cafe Property Lease

Apr 26, 2016
5/5
Overall
4 / 5
Ease of Use
4.5 / 5
Features & Functionality
4.5 / 5
Customer Support
Likelihood to Recommend: 9.0/10 Not
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Pros: The LeaseQuery staff are very responsive to our requests and changes. The software assists in managing our property leases easy and efficient. 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.

Recommendations to other buyers: 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.

LeaseQuery made accurate lease accounting possible for us.

Apr 25, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: The ease of month end journal entries and audit are invaluable. The team is always available and proficient.

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

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

LeaseQuery dramatically impacted our accounting and operations team

Oct 09, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: As our company expanded to almost 100 locations, it became nearly impossible to track all of the lease accounting correctly for our small accounting team. When we implemented LeaseQuery, we learned that we had overstated expenses and understated our assets. We also realized that a few vendors were charging us the wrong rent amount. This software gave us P&L savings and real dollar savings that was right in front of us. The time and productivity savings cannot even be put into words for a team with such stretched bandwidth like ours.

Easy to Use and Very Helpful

Aug 12, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

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

LeaseQuery made my job so much easier!

May 31, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: Initially, I was skeptical that a system could keep track of our company's leases. Every lease was different and complicated. Some had tenant improvement allowances, others had free months rent, and most were very difficult to understand. George, with LeaseQuery, read all of our leases and put the information into LeaseQuery for NO additional cost. 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. George and LeaseQuery saved our company time, money, and resources!