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.
“Reasonably Certain” Under ASC 842: How to Determine the Lease Term
What reasonably certain means under ASC 842, the economic incentive factors that decide it, how to document the judgment, and three leases scored end to end.
Accounting for Leasehold Improvements and Tenant Improvement Allowances Under ASC 842
Accounting for leasehold improvements and tenant improvement allowances under ASC 842: who paid, how the allowance changes the ROU asset, and the amortization period.
Variable Lease Payments Under ASC 842 and IFRS 16: What Goes in the Liability
Which variable lease payments enter the lease liability under ASC 842 and IFRS 16, which stay out, and what a CPI increase does to each. With worked figures.
Right-of-Use Asset Impairment Under ASC 842 and ASC 360
How right-of-use asset impairment works under ASC 842 and ASC 360: triggers, asset groups, the recoverability test, journal entries, and the revised schedule.
Lease Commencement Date: How It Differs From Rent Commencement, Inception and Execution
The lease commencement date under ASC 842, and how it differs from inception, execution, effective, rent commencement and possession dates. With a worked example.
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.
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.
