Understanding Lease Accounting Software
Lease accounting software is a crucial tool that provides organizations with the necessary calculations and reports to adhere to the latest accounting standards for leases. These standards may include ASC 842, GASB 87, IFRS 16, SFFAS 54, FRS 102, and more. LeaseQuery software, powered by FinQuery, offers a comprehensive solution for organizations reporting under FASB, IFRS, GASB, and FASAB. It covers amortization schedules for lease liabilities and assets, journal entries, reports, disclosures, and provides expert support.