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| Description | LeaseQuery's CPA-approved cloud-based solution assists accountants and financial professionals in eliminating lease accounting problems. The programme targets and enhances lease accounting and compliance for enterprises across all industries reporting under FASB, IFRS, and GASB, from reporting to journal entries.The system is designed to address the difficulties of lease accounting by providing accountants with operational tools, data integrity, accounting intelligence, international considerations, and the precise disclosure reports that auditors and regulators require.It has a vast list of features such as - Powerful reporting tools and crucial alerts Long before any compliance date, ensure that deadlines are met, and data is accurate. Their cloud-based system allows you to access your leases from anywhere. This cuts down on the time, danger of data loss.One of its most beneficial features is the search option, you can quickly find contracts, set alert reminders for important dates or document completion, and manage leasing contracts all in one place. These capabilities enable teams across the company to collaborate more effectively and safely.During your initial post-transition journal entries and reports, you'll see possible cost reductions and accuracy. Read more | Trullion is an AI-powered SaaS platform that enables organizations to be compliant with ASC 842, IFRS 16 and GASB 87. Easily upload any PDF or Excel file and have AI automatically detect pertinent information for lease accounting. Trullion creates business transparency by using software to power real-time visibility into company financials and form a single source of truth. Read more |
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User-friendly interface, Efficient AI extraction tool, Excellent customer support, Comprehensive Reporting Functionality Inaccurate AI data extraction in some cases, Lack of prorated lease payment functionality, Limited reporting functionality, Occasional software bugs |
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Trulllion is a lease accounting software praised for its user-friendly interface, quick implementation, and helpful support team. Users appreciate its ability to streamline monthly lease journal entries and provide easy access to lease documents and financial statement impact. However, some users have identified limitations in the software's functionality, particularly with pro-rated lease payments and AI extraction accuracy. While Trulllion offers a robust solution for managing lease portfolios and complying with ASC 842, improvements in areas like AI capabilities and data visualization would further enhance its appeal. |
AI-Generated from the text of User Reviews
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LeaseQuery Custom |
Trullion Custom |
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| Company Details | Located in: Atlanta, Georgia Founded in: 2011 | Located in: New York City, New York Founded in: 2019 |
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+1 800-880-7270 |
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