FinQuery
Lease and contract accounting platform that uses AI to abstract lease data and post the resulting journal entries to the general ledger.
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About FinQuery
FinQuery is a lease and contract accounting platform, known previously for its LeaseQuery product, used by finance teams to meet ASC 842, IFRS 16 and GASB 87 obligations. It abstracts lease terms from source documents using purpose-built AI, holds them in a central repository and produces the journal entries the general ledger needs.
The platform has expanded beyond property and equipment leases into SaaS subscriptions and other recurring contract obligations. Documents can be sent into the system directly from email, auditors are given read-only access, and reporting runs from the same data rather than a parallel spreadsheet. On 8 September 2026 FinQuery acquired lease accounting compliance platform Innervision from IRIS Software Group, establishing FinQuery UK as a dedicated local operation with FRS 102 and IFRS 16 expertise. Financial terms were not disclosed.
Pricing scales with the number of leases or contracts under management rather than per user, which positions it at organisations with a meaningful lease portfolio rather than at small practices.
Key Features
- AI-assisted abstraction of lease and contract data from source documents
- Automated journal entries posted to the general ledger through ERP integration
- Compliance support for ASC 842, IFRS 16 and GASB 87
- Read-only auditor access and a central repository for lease documents
Our in-depth review
Lease accounting is the corner of the close where a missed renewal option turns into a restatement, and FinQuery has built its business on being the system of record for exactly that.
What it does well. The AI here is pointed at a well-defined problem, pulling terms out of lease documents rather than attempting judgement, which is the sort of task where extraction models are genuinely reliable and where the alternative is a junior keying in dates. Pushing journal entries into the general ledger through ERP integration closes the loop that spreadsheet-based lease tracking leaves open, and read-only auditor access removes a recurring irritation at year end. The September 2026 Innervision acquisition gives it real FRS 102 capability and a UK presence rather than a US product sold abroad.
Where it falls short. The vendor describes its AI as proprietary and purpose-built, which tells a buyer nothing about accuracy, and no independent abstraction error rate has been published. Pricing is quote-based and scales with portfolio size, with enterprise deployments reported to exceed 100,000 US dollars a year, so the cost is real. Implementation is front-loaded because the existing portfolio has to be abstracted and verified before the system earns its keep, and a business with a handful of leases will not recover that effort.
Best for. Finance teams with a substantial lease or recurring contract portfolio and a hard compliance obligation under ASC 842, IFRS 16, FRS 102 or GASB 87.
Verdict. The sensible choice once a lease portfolio outgrows a spreadsheet, and unjustifiable before that point.
At a glance
- Category
- Month-end close
- Best for
- 50+ practice
- Editor's score
- 4.2 / 5
- Pricing
- Quote-based, scaling with the number of leases or contracts under management and modules purchased rather than per user. Smaller portfolios pay materially less than enterprise deployments.
- Last verified
- 2026-09-16
Focused lease and contract accounting with AI abstraction that earns its place once the portfolio is large enough to justify the implementation.
Integrations
- NetSuite
- SAP
- Oracle
- QuickBooks
- Sage Intacct
- Microsoft Dynamics
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