CapEx vs. OpEx: Capital and Operating Expenses Explained
The Broker List » New lease accounting rules
by FinQuery
6d ago
Every company has a variety of costs, from office leases to software, and these expenses must be assigned into different categories to be accounted for correctly. The most common of these categories are capital expenditures (CapEx) and operating expenses (OpEx). CapEx and OpEx are accounted for and presented differently on a company’s financial statements under US GAAP. This article compares the differences and similarities between capital expenditures and operating expenses so you can properly classify and account for your business’ costs. CapEx (Capital Expenditures) CapEx are purchases th ..read more
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FinQuery, Formerly LeaseQuery, Introduces FinQuery Contract Management to Transform Post-Signature Contract Management
The Broker List » New lease accounting rules
by FinQuery
1w ago
FinQuery’s new contract management solution is purpose-built to provide insight and intelligence into organizations’ contractual financial obligations  Atlanta, GA – February 27, 2024 –  FinQuery, a leading provider of solutions built to efficiently manage companies’ largest areas of spend, proudly announces the launch of FinQuery Contract Management, an AI-enabled solution that centralizes business contracts, designed to enhance visibility and empower wiser spending decisions.  FinQuery Contract Management fills an important gap. Until now, contract management solutions have ..read more
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Software Provisioning and Deprovisioning: Risks and Processes Explained
The Broker List » New lease accounting rules
by Lease Query
2w ago
At a time when companies are rapidly expanding and downsizing their workforces, IT teams must provision and deprovision technology at scale. Dealing with software alone can be particularly daunting, since the average company uses at least 125 applications, according to Gartner. New hires, especially those working remotely, need to have access to the right applications on their first day. When an employee leaves the company, it’s critical to revoke access to all the systems they used immediately. For many companies, this can make hiring or terminating a single employee  time-consuming and ..read more
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Embracing Change: A Journey from LeaseQuery to FinQuery
The Broker List » New lease accounting rules
by Lease Query
1M ago
I wanted to take a moment to share with you a significant milestone in our journey together. As you may have already heard, LeaseQuery has now evolved into FinQuery, marking a new chapter in our story. Read our story here Why now? This rebranding represents not just a change in name, but a transformation in our identity and vision. Over the years, LeaseQuery has been synonymous with excellence in lease accounting, empowering countless businesses with robust solutions and unwavering support. However, as our company has grown and diversified, we realized the need for a name that better reflects ..read more
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Financial Contract Tracking: What You Need to Know
The Broker List » New lease accounting rules
by Lease Query
1M ago
It’s that time of year for accountants and finance professionals – the calm before the storm. The auditors left their PBC list when they were doing some interim work in November. If you can just pull together all the various contracts and supporting documentation they will need to complete this year’s audit, you’ll have one large task off your plate when everyone comes back to work in January. The problem: Managing your contracts As you begin rounding up all of the financial information to prepare for year-end, are any of these familiar scenarios buzzing around in your head? First, we have ..read more
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What is Shadow IT and How Do You Deal With It?
The Broker List » New lease accounting rules
by Lease Query
3M ago
The move to remote work increased employee need for various video and messaging applications. In an effort to maintain productivity and to help streamline processes that would otherwise be difficult out of the physical office, employees looked to SaaS to facilitate offsite collaboration – and these tools were not always sanctioned by IT, InfoSec, CISO, or finance. It’s important to understand the risks these applications pose to your organization. This blog discusses the definition of shadow IT and the best ways to manage it. What is shadow IT? Shadow IT is all of the cloud services, software ..read more
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How to Replace Your Lease Accounting Solution
The Broker List » New lease accounting rules
by Lease Query
3M ago
During many organizations’ initial implementation of the lease accounting standards, a software was selected to assist in crossing the finish line to compliance. If the selection of lease accounting software was frantic or last minute, you may not have had the opportunity to employ a checklist of specifications or expectations. However, once organizations became more familiar with their software – coupled with significant improvements to the application offerings, many organizations have come to realize their software could be doing more. If you’ve seen any of the signs it’s time to break up ..read more
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How to Replace Excel as Your Lease Accounting Solution
The Broker List » New lease accounting rules
by Lease Query
3M ago
For many accountants, when they hear “ASC 842”, “GASB 87”, or “lease accounting,” they become anxious thinking back to a very stressful deadline-driven project with significant balance sheet implications. This might be because they implemented the new lease accounting standards using Excel. It made sense at the time – their organization already used Excel for many other processes and they are a wizard at creating calculations. To get through the initial implementation, all that was needed was to develop a multi-tabbed Excel workbook with present value calculations. This approach would meet th ..read more
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LeaseQuery Recognized as a Major Player in the IDC MarketScape on Lease Accounting and Administration Applications
The Broker List » New lease accounting rules
by Lease Query
4M ago
ATLANTA – September 12, 2023 – LeaseQuery, a leading provider of software built to empower accounting and finance teams to efficiently manage their largest areas of spend, today announced that it has been named as a Major Player in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Lease Accounting and Administration Applications 2023 Vendor Assessment (doc # US48562222, August 2023). According to LeaseQuery CEO and founder, George Azih, “We believe LeaseQuery’s positioning as a Major Player in the inaugural IDC MarketScape report recognizes our rich heritage in lease accounting combined ..read more
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LeaseQuery and Sovos Announce New Partnership to Expand Offering for NetSuite Customers
The Broker List » New lease accounting rules
by Lease Query
4M ago
This partnership between industry leaders offers customers more purpose-built accounting capabilities and expertise ATLANTA – July 12, 2023 – LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced its partnership with Sovos, a global tax compliance provider. This relationship will allow LeaseQuery and Sovos to offer a wider range of tax compliance solutions to NetSuite and other ERP customers. Sovos helps businesses make sense of the complexities of rapidly changing sales tax rules. With more than 12,000 state and local tax jurisdictions ..read more
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