The Most Complete
Lease Accounting Software. Period.

Black Owl supports both lessee and lessor accounting, scaling from small companies to large global enterprises.

Simplify Compliance.
Meet Deadlines With Ease.

ASC 842

FASB’s updated lease accounting standard under US GAAP.

IFRS 16

IASB’s revised global lease accounting standard.

Lessee

Complete coverage for every Lessee lease type.

Lessor

Handles all Lessor lease agreements.

No Manual Journal Entries.
For Anything.

Month End in Minutes.

One System. Unlimited Scalability.

Out-of-the-Box Reporting

Generate journal entries and reports in seconds.

Disclosure Reporting

Management Reporting

Lease Administration

Unlock the Simplicity of Lease Accounting Software.

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 Accounting Solutions for Your Business

Month-End Close doesn't have to be stressful.

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.

Blog. Insights. News.

Explore Our Blog for Expert Advice, Lease Accounting Checklists, and Insider Tips to Ensure Your Compliance.

Frequently Asked Questions

Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices. 

What is the minimum number of leases required to use lease accounting software?

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.

Why should I consider switching from my current lease accounting solution for ASC 842 or IFRS 16 to a new system?

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.

Does Black Owl meet SOC standards?

Yes, Black Owl has received SOC 1 certification from BDO.

What is the timeline for deploying Black Owl?

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.

What is Lease Accounting Software?

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.

What is the New GAAP for Leases?

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.

Still have questions?

If you have any other questions or need further information, don’t hesitate to contact us. We are here to help you!

Get a Demo

Lease accounting made simple, powerful, and cost-effective.

Black Owl Integrates with any ERP or financial system for consistent data management and workflow.