Case Study: Steinway Musical Instruments, Inc. achieves streamlined ASC 842 compliance and centralized lease accounting with FinQuery

Steinway Musical Instruments Hits the Right Note with LeaseQuery and Sage Fixed Assets

Steinway Musical Instruments, Inc., a leading manufacturer and distributor of musical instruments, was accounting leases manually across multiple spreadsheets and needed to comply with the new ASC 842 standard as its global lease footprint grew. Already using Sage Fixed Assets for owned assets, Steinway sought a lease accounting solution and selected FinQuery’s lease accounting software (in coordination with Sage Fixed Assets) after seeing its data and reporting capabilities during training.

FinQuery implemented a centralized lease accounting database with simple data uploads, audit trails, automated ASC 842 calculations, robust reporting, and hands‑on training and support. As a result, Steinway reconciled and reviewed two years of disbursements, improved accuracy and financial statement recognition, and freed divisional finance teams from manual accounting tasks—streamlining the ASC 842 transition and pairing FinQuery with Sage Fixed Assets for complete asset coverage.

Steinway Musical Instruments, Inc

Travis Weschler

Accounting and Tax Director