The Most Complete
Lease Accounting Software.
Period.
Ensure Compliance.
Report With Accuracy and Confidence.
No Manual
Journal Entries.
Really.
- No more deferring adjustments – complete any change in less than a minute.
- Journal entries automatically coded for the general ledger - no manual errors.
- Instantly generate and post retroactive adjustments with detailed audit trails.
Month End in Minutes.
- Complete your lease accounting at month-end in just minutes.
- See how our team can help you streamline your month-end close.
One System. Unlimited Scalability.
- One platform. One experience. From small portfolios to global enterprises.
For Those Who Rely on Microsoft Excel.
-
Eliminate Spreadsheet Errors
Eliminate formula errors, broken links, and late-night reconciliations. -
Access Specialized Expertise
Get direct support from professionals who understand lease accounting complexities. -
Improve Efficiency and Focus
Automate repetitive tasks and reallocate time to higher-value activities.
For Users of Other Lease Accounting Systems.
-
Go Beyond Basic Compliance
Expand beyond minimum requirements with a complete lease accounting solution. -
Deliver Missing Functionality
Close critical gaps such as lessor accounting, full multi-currency support, and complex modifications. -
A True Enterprise Solution
Integrate seamlessly with any ERP or accounting system.
Out-of-the-Box Reporting
Generate journal entries and reports in seconds.
Disclosure Reporting
- Asset Continuity
- Liability Maturity Analysis
- Expense Income
- Cash Flows
- Weighted Average (ASC 842 Only)
- Receivable Maturity Analysis
Management Reporting
- Account Balance by Lease
- Vendor Reconciliation
- Liability Continuity
- Cash Flow
- Maturity Analysis
- Roll Forward by Companies
Lease Administration
- Custom Attributes
- Customizable Reports
- Notifications and Reminders
Disclosure Reporting
- Asset Continuity
- Liability Maturity Analysis
- Expense Income
- Cash Flows
- Weighted Average (ASC 842 Only)
- Receivable Maturity Analysis
Management Reporting
- Account Balance by Lease
- Vendor Reconciliation
- Liability Continuity
- Cash Flow
- Maturity Analysis
- Roll Forward by Companies
Lease Administration
- Critical Data Management
- End-of-Term Management
- Custom Attributes
- Notifications and Reminders
Create, Modify or Retire a Lease in Minutes.
Create new leases in minutes. Stop waiting for journal entries and reports. Perform lease modifications in minutes
Lease Entry
- Intuitive design
- Create new leases in minutes
- Input validations
Lease Change
Multi-currency
Works with all ERPs
Detailed Audit Trails
Secure and Scalable
Lease Accounting Solutions for Your Business
Outdated processes and manual workarounds should not hold back your lease accounting.
Whether you manage a small set of leases or a complex global portfolio, our platform delivers the accuracy, compliance, and controls needed to close with confidence.
- sales@blackowlsystems.com
- Suite 1100, 639 5 Ave SW, Calgary, AB T2P 0M9
Frequently Asked Questions.
Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices.
We recommend using lease accounting software when you manage 10 or more leases. With a growing lease portfolio, software helps ensure accurate lessor journal entries, supports the straight-line method of depreciation, generates lease amortization schedules, and improves compliance and audit readiness under standards like ASC 842 and IFRS 16.
Switching to Black Owl from Excel or a basic system streamlines your month-end accounting with greater speed and accuracy. Our platform reduces risk, automates operating and finance lease journal entries, and ensures compliance with ASC 842 and IFRS 16, saving time while enhancing transparency.
Yes. Black Owl is SOC 1 Type 2 and SOC 2 Type 2 certified, providing assurance in system security, availability, and processing integrity, essential for companies handling lease software in regulated environments.
Deployment typically takes 4 to 8 weeks, depending on data readiness. Whether you’re switching from Excel, legacy software, or a corporate ERP, our team supports every step, from setup to configuring lease amortization schedules and straight-line depreciation formulas.
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 helps companies comply with standards like ASC 842 and IFRS 16 by automating calculations for finance and operating lease journal entries, supporting straight-line depreciation, and generating precise lease amortization schedules. It’s a critical tool for software leasing companies in Calgary and beyond.
As a leading provider of lease management software, we deliver powerful features that simplify the oversight of complex lease portfolios. Our platform supports property managers, real estate investors, and private and public companies in managing leases with greater accuracy, efficiency, and control.
The latest standards, ASC 842 (FASB), IFRS 16 (IASB), and GASB 87, require more leases to be reflected on the balance sheet. This affects how businesses recognize assets, liabilities, and use tools like the straight-line depreciation method and journal entries for lessors.
