2. EASE OF USE
Your Problem: Understanding everything quickly and easily you need to
do in Lease Accounting and Management software to get what you need.
Our Solution: LeaseQuery provides an easy to use dashboard as a home
page showing everything you need at a glance along with quick navigation
to the information you are looking for.
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3. WORKS WITH ALL ASSET TYPES
Your Problem: You have to use different systems and excel spread-
sheets to manage and do accounting for equipment and real estate
leases.
Our Solution: LeaseQuery is asset agnostic. It works for both real
estate and equipment leases.
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4. LEASE ACCOUNTING RULES
Your Problem: You have no idea how the new rules will affect your lease portfolio
or how you will implement the changes.
Our Solution: LeaseQuery is fully compliant for both current lease accounting
rules and the newly proposed rules issued by both the FASB and IASB. You can
also do an analysis to see what your new liabilities will be under the new lease
rules for total organization or by each lease.
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5. AMORTIZATION SCHEDULES
Your Problem: You have trouble calculating amortization schedules
for operating leases (straight-line amortization), capital leases (effec-
tive yield amortization) and TI allowances using spreadsheets.
Our Solution: LeaseQuery provides the amortization schedules per
GAAP for all your leases (capital, operating, equipment and real
estate) to produce your journal entries, including TI allowance, long
term and short term deferred rent balances each period.
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6. JOURNAL ENTRIES
Your Problem: Journal Entries are inaccurate, resulting in audit
comments.
Our Solution: LeaseQuery instantly generates error-free lease
journal entries for posting. You can even see these by organization-
al or business unit under the new lease rules.
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7. ALERTS FOR CRITICAL DATES
Your Problem: Renewal dates or purchase options are missed,
resulting in higher expenses.
Our Solution: LeaseQuery distributes email alerts to key individu-
als as the critical dates (renewal notifications, expirations, etc)
approach in addition to the critical dates section displayed on the
dashboard showing both calendar and list format up to 360 days
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9. SEGREGATION OF DUTIES
Your Problem: There is no way to ensure that your listing of leases
is complete. There is no centralized lease process, resulting in a
lack of accountability.
Our Solution: LeaseQuery documents each step in the lease man-
agement process: who signed it, entered it, approved it, modified it
or deleted it.
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10. DOCUMENT STORAGE
Your Problem: You have difficulty locating the last executed ver-
sion of lease contracts or amendments.
Our Solution: LeaseQuery can be tailored so that no lease is com-
plete without an uploaded version of the signed document.
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11. ROBUST REPORTS
Your Problem: You have difficulty preparing your commitments
disclosure and other reports.
Our Solution: LeaseQuery gives you the ability to make unlimited
reports with its simple but powerful lease reporting studio. Below
are some of our standard reports and an example a custom report
of leases expiring with the termination option comments from the
lease document along with the security deposit amount.
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