Case Study: Goosehead achieves ASC 842 compliance readiness and streamlined lease accounting with FinQuery

With LeaseQuery, Goosehead Is Getting Ahead of the ASC 842 Deadline

Goosehead, an emerging-growth public insurance agency based in Texas, was facing increasing lease-accounting complexity and a growing lease population that made Excel spreadsheets unreliable and risky. With an ASC 842 compliance deadline looming, Goosehead evaluated multiple vendors and chose FinQuery’s lease accounting solution to provide the required functionality and expert accounting support.

FinQuery delivered a lease accounting system that met ASC 840/842 requirements and provided conversion journal entries, an audit trail, critical date alerts, and review-and-approval workflows, backed by a team of accountants to support implementation. The solution reduced Goosehead’s reliance on Excel, tightened controls and auditability, lowered data liability risk, and positioned the company to get ahead of the ASC 842 deadline.

Goosehead

Mark Jones, Jr.

Controller