LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced that it surpassed 3,500 customers in 2022, amid other key areas of hyper-growth throughout the last year. In addition to a 75% customer increase since 2021, LeaseQuery has also continued to build upon current product offerings and launched its newest product, LeaseQuery for NetSuite.

Major achievements by LeaseQuery over the span of 2022 include:

Broadened product offerings: In previous years, LeaseQuery has expanded beyond lease accounting to a SaaS platform enabling accounting teams to move complex accounting into the secure cloud. To continue that momentum in 2022, the company brought the following solutions to market:

LeaseQuery for NetSuite: A solution built natively within NetSuite, extending the power of NetSuite ERP with CPA-approved lease accounting for ASC 842 and IFRS 16. LeaseQuery for NetSuite empowers accounting teams to ditch manual lease tracking spreadsheets to automate and consolidate lease accounting processes to simplify compliance.

New AI capabilities: Combining accounting technology with the power of artificial intelligence will allow LeaseQuery to initially automate key parts of its implementation process, offering customers a seamless onboarding experience.

Redesigned lease entry: A redesign of the lease entry process to make it easier for anyone to enter a lease. These enhancements speed up the lease entry process by up to 50%, increase ease and efficiency, help reduce human error, and allow for more flexibility on payments.

Enhanced fund and modified accrual accounting: Helps GASB entities easily allocate leases and SBITAs across funds and create modified accrual and conversion journal entries for GASB 34-compliant financial statements

LeaseQuery Essential: Provides trusted compliance for organizations with up to 40 leases or SBITAs (covering GASB 96)