Generate journal entries and reports in seconds.
Create new leases in minutes. Stop waiting for journal entries and reports. Perform lease modifications in minutes
4.7 out of 5
Whether you are a small company with a limited number of leases or a large organization with a vast lease portfolio, our software provides a seamless and user-friendly interface to ensure your lease accounting remains well-managed.
Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices.
Our suggestion is that you should consider using lease accounting software when you have 10 or more leases. Lease accounting software can provide numerous benefits for companies, including increased accuracy, improved efficiency, better compliance, enhanced transparency, and strong audit trails.
Opting for a change to Black Owl from your current Excel or first-generation tool can offer significant benefits in terms of time and lower risk in complmeting your month end accounitng. Our system makes your monthly closing and auditing processes considerably more streamlined compared to what traditional methods and systems offer.
Yes, Black Owl has received SOC 1 certification from BDO.
The installation process of Black Owl is typically swift and ranges between four to eight weeks depending on your readiness. Our team is committed to assisting our clients through every stage with our comprehensive implementation guide, whether you’re transitioning from a large corporate system or an Excel spreadsheet. If your policy choices and data are well-organized, the software is ready for you to make your configuration choices and input your data.
Additionally, we collaborate with several partner companies who can offer consultative services to help overcome any limitations you may face during the adoption phase.
Lease accounting software is a specialized accounting software solution created to help companies comply with lease accounting standards. The software simplifies lease management, enabling businesses to accurately account for both real estate and equipment leases in line with rules set by the Financial Accounting Standards Board and International Accounting Standards Board.
As a leading provider of lease management software solution, we offer robust features that empower businesses to easily handle their lease portfolio. Our software enables property managers, real estate investors, and private and public companies to manage rental properties with unmatched ease and efficiency.
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new lease accounting standards known as ASC 842, GASB 87, and IFRS 16, which significantly impact the way companies account for leases.
These new lease accounting standards require companies to recognize most leases on their balance sheets, which impacts both lessees and lessors. Our lease accounting software ensures you stay compliant with these standards, taking the complexity out of lease accounting.
Black Owl Integrates with any ERP or financial system for consistent data management and workflow.
