Case Study: The Accountancy Achieves 60% Time Savings with FinQuery

The Accountancy Achieves 60% Time Savings Using FinQuery for Their Clients

The Accountancy, a rapidly growing accounting firm, struggled to manage the new ASC 842 lease accounting standard as lease volumes increased across its client base. Manually tracking lease data, calculations, and compliance requirements was becoming too time-consuming and difficult to handle efficiently.

To address this, The Accountancy partnered with FinQuery and implemented LeaseQuery, FinQuery’s lease accounting software for accounting firms. The solution automated complex lease calculations, improved classification checks, and helped ensure ASC 842 compliance, saving an estimated 4 hours per lease and reducing time spent by nearly 60% while improving efficiency and client service.