About Black Owl Systems.
Black Owl empowers finance and IT leaders with innovative lease accounting solutions.
Who We Are: Solutions for Your Business
Black Owl Systems Leadership Team.
Made by accountants, for accountants.
How to Identify Embedded Leases Under ASC 842, With Examples and Journal Entries
How to identify embedded leases under ASC 842: the two tests, where they hide, a portfolio search method, and a worked example with journal entries.
Lease Abstraction for ASC 842: Manual Review, Outsourced, or Automated Extraction
Lease abstraction for ASC 842 compared three ways: in-house review, outsourced work, and automated extraction. Which fields extract reliably and which need a human.
Lessee vs Lessor: Understanding Roles and Solutions with Black Owl Systems
Lessee vs Lessor: Key Differences in Roles and Lease Accounting The lessor owns an asset and […]
Lease Accounting Journal Entries with Examples
On this page What are lease journal entries? Initial recognition Classification test Year 1 entries ASC […]
How Does ASC 842 Affect EBITDA? Key Impacts Explained
How Does ASC 842 Affect EBITDA? The adoption of ASC 842, the lease accounting standard issued […]
The Ultimate Guide to ASC 842 Sale-Leasebacks for Finance Teams
The Ultimate Guide to ASC 842 Sale-Leasebacks for Finance Teams Selling an asset and immediately leasing […]
Custom 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.
- sales@blackowlsystems.com
- Suite 1100, 639 5 Ave SW, Calgary, AB T2P 0M9
Frequently Asked Questions.
We are committed to transforming lease accounting through advanced software that streamlines processes, ensures compliance, and empowers businesses to focus on growth.
What is Black Owl Systems?
Black Owl Systems provides cloud-based lease accounting software for ASC 842 and IFRS 16, supporting both lessee and lessor accounting with automation for complex modifications.
Who uses Black Owl Systems?
Finance and accounting teams at mid-market and enterprise organizations that want accurate, audit-ready reporting and lower manual work.
Which enterprise resource planning systems does Black Owl connect to?
- Black Owl integrates with SAP, Oracle, Microsoft Dynamics, and others through application programming interfaces or secure file exchange.
How is Black Owl different from other lease accounting software?
It handles complex reassessments and modifications reliably, reduces manual journal entries, and includes strong multi-entity and multi-currency support with fast implementation.
What are typical costs and timelines?
Implementations are measured in weeks, not months. Subscription pricing depends on lease volume and reporting scope.
