LeaseQuery announced the launch of LeaseGuru, its CPA-approved, cloud-based lease accounting solution for public and private companies with a lease portfolio of under ten.

This highly anticipated platform has been vetted by LeaseQuery’s trained accountants for accuracy and compliance. Powered by the robust features of the LeaseQuery solution, LeaseGuru enables businesses with smaller lease portfolios to accurately and cost-effectively run disclosure reports for ASC 842 and IFRS 16 and make changes to leases at any stage.

“Public and private companies are being mandated to comply with the most extensive lease accounting standards in more than four decades,” said George Azih, CEO and founder of LeaseQuery. “These new standards are too complex for basic spreadsheets, even for the smallest lease portfolios. LeaseGuru offers small businesses a powerful lease accounting solution that facilitates confident compliance.”

By replacing spreadsheets with robust software, at the touch of a button, LeaseGuru provides amortization schedules, ledger agnostic journal entries, accountant approved and tested complex calculations, and more.