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Finance lease vs operating lease: 5 key differences under ASC 842 including ownership transfer, purchase option, and lease term

Understanding Finance Lease vs Operating Lease: A Comprehensive Overview

June 2, 2026

A finance lease transfers the risks and rewards of ownership to the lessee, while an operating […]

What makes up a right-of-use asset under ASC 842: prepaid rent, lease liability, and initial direct costs combine to form the ROU asset

Prepaid Rent Under ASC 842: Accounting Treatment, Journal Entries & Examples

June 1, 2026

Under ASC 842, prepaid rent is no longer recorded as a separate asset on the balance […]

How straight-line depreciation works: 3-step method to calculate annual depreciation expense

Straight-Line Depreciation: Formula and Example (2026)

May 28, 2026

Straight-line depreciation spreads the cost of an asset evenly across its useful life. The formula is […]

7 Signs Your Business Needs Lease Accounting Software (and When to Make the Switch)

7 Signs Your Business Needs Lease Accounting Software (and When to Make the Switch)

May 26, 2026

Why Do Finance Teams Outgrow Spreadsheets for Lease Accounting? Every finance team I have spoken to […]

Lease accounting before vs after ASC 842: the introduction of right-of-use assets and lease liabilities on the balance sheet

How Right-of-Use Assets and Lease Liabilities Work (ASC 842, IFRS 16, GASB 87)

May 21, 2026

A right-of-use (ROU) asset is the right to use a leased asset over the lease term. […]

What Happens When a Lease is Terminated Early (Accounting, Impact, and Key Considerations)

What Happens When a Lease is Terminated Early? (Accounting, Impact, and Key Considerations)

May 19, 2026

Why Does Early Lease Termination Matter in Accounting? Most leases do not end quietly. A business […]

What makes up a right-of-use asset under ASC 842: prepaid rent, lease liability, and initial direct costs combine to form the ROU asset

Lease Accounting Journal Entries (2026): Complete ASC 842 & IFRS 16 Guide with Examples

May 14, 2026

Key takeaways Both ASC 842 and IFRS 16 require lessees to record an ROU asset and […]

How Lease Accounting Impacts Financial Ratios (and Why It Matters More Than You Think)

How Lease Accounting Impacts Financial Ratios (and Why It Matters More Than You Think)

May 12, 2026

What Changed When Leases Moved onto the Balance Sheet? For most of my career, operating leases […]

How to Handle Lease Renewals in Accounting (ASC 842 & IFRS 16 Explained) 1

How to Handle Lease Renewals in Accounting (ASC 842 & IFRS 16 Explained)

May 5, 2026

Companies operating internationally face foreign exchange (FX) exposure when lease payments are denominated in a currency […]

Lease Accounting Software Guide: All Your Questions Answered

Lease Accounting Software Guide: All Your Questions Answered

April 14, 2026

Lease accounting has shifted quite a bit in recent years, especially with standards like ASC 842, […]

FinQuery vs Black Owl Systems - Key Features, Differences, and Best Fit 1

FinQuery vs Black Owl Systems: Key Features, Differences, and Best Fit

April 7, 2026

Choosing the right lease accounting software matters more than ever as companies work through standards like […]

Managing FX and Currency Risk in Global Leases: Step-by-Step

March 31, 2026

Companies operating internationally face foreign exchange (FX) exposure when lease payments are denominated in a currency […]

How to Build a Scalable Lease Accounting Process A Simple Guide

How to Build a Scalable Lease Accounting Process: A Simple Guide

March 24, 2026

As lease portfolios grow across locations, entities, and asset types, manual tracking quickly becomes unsustainable. A […]

Audit-Ready Lease Accounting 6 Red Flags to Avoid

Audit-Ready Lease Accounting: 6 Red Flags to Avoid

March 17, 2026

Audit findings in lease accounting rarely happen because someone misapplied a formula. They happen because the […]

Connecting Lease Accounting with Treasury and FP&A

Connecting Lease Accounting with Treasury and FP&A

March 10, 2026

Lease accounting affects far more than compliance. It directly impacts cash flow forecasts, debt ratios, liquidity […]

How to Choose the Right Accounting Software for Enterprise

How to Choose the Right Accounting Software for Enterprise

March 3, 2026

Many enterprises still rely on spreadsheets and manual processes for accounting. Recent reports show that over […]

Procurement and Lease Accounting Why Alignment Matters More Than Ever

Procurement and Lease Accounting: Why Alignment Matters More Than Ever

February 24, 2026

Many companies still struggle to capture full lease data needed for reporting. Recent reports show that […]

When to Reassess a Lease Key Triggers and Impacts

When to Reassess a Lease: Key Triggers and Impacts

February 17, 2026

Lease terms change. Business plans shift. Contracts evolve. Many finance teams miss reassessment triggers until audits […]

tumbnail-Spreadsheets vs Lease Software: Which Wins?

Save 5 Days on Your Financial Close Cycle: Here’s How

February 10, 2026

Month-end closes can drag on for days. Finance teams spend hours chasing data, reconciling accounts, and […]

tumbnail-Spreadsheets vs Lease Software: Which Wins?

Spreadsheets vs Lease Software: Which Wins?

January 27, 2026

Most teams start with spreadsheets because they’re simple, familiar, and easy to set up. But as […]

thumbnail-10 Reasons to Finally Ditch Spreadsheets

10 Reasons to Finally Ditch Spreadsheets

January 20, 2026

Many teams still rely on spreadsheets to manage hundreds of leases, even though studies show that […]

7 Lease Accounting Trends CFOs Should Watch in 2026

December 16, 2025

The lease accounting landscape is changing rapidly. From AI-driven reporting and automation to stricter audit requirements […]

thumbnail - The Real Cost of Using the Wrong Lease Accounting Software

The Real Cost of Using the Wrong Lease Accounting Software

December 9, 2025

Many companies rush to implement wrong lease accounting software to stay compliant with ASC 842 or […]

thumbnail - Lease Accounting for Private Equity A Simple Guide on Managing Subsidiaries Smarter

Lease Accounting for Private Equity: A Simple Guide on Managing Subsidiaries Smarter

December 2, 2025

Private equity firms handle complex portfolios with multiple entities, systems, and reporting timelines. Managing lease accounting […]

Materiality in Accounting Made Simple: What Really Matters

November 25, 2025

“Materiality” is one of accounting’s most important and most misunderstood concepts. It helps determine which transactions, […]

thumbnail - How to Unify Lease Data with Your ERP

How to Unify Lease Data with Your ERP

November 18, 2025

Lease data often lives in different places, including spreadsheets, old software, or even in multiple departments. […]

thumbnail - How to Handle Multi-Asset Leases Under ASC 842

How to Handle Multi-Asset Leases Under ASC 842

November 11, 2025

Managing multiple leases can feel like juggling too many balls at once. One lease for a […]

thumbnail - Why FP&A Teams Should Care About Lease Accounting Data

Why FP&A Teams Should Care About Lease Accounting Data

November 4, 2025

Financial planning isn’t just about budgets and forecasts. Leases play a bigger role than many realize. […]

thumbnail-The-Hidden-Lease-Expenses-Draining-Your-Budget

The Hidden Lease Expenses Draining Your Budget

October 28, 2025

Most companies pay more for their leases than they think. Extra charges, like maintenance fees, variable […]

Thumbnail - ASC 842 Loan Covenants Understanding the Impact on Financials

ASC 842 Loan Covenants: Understanding the Impact on Financials

October 21, 2025

Adopting ASC 842 changes how companies report leases, and these changes can directly affect loan covenants. […]

Thumbnail - ASC 842 Common Mistakes to Watch During Year-End Accounting

ASC 842 Common Mistakes to Watch During Year-End Accounting

October 14, 2025

Year-end accounting under ASC 842 can be challenging, even for experienced finance teams. Small oversights, like […]

Thumbnail - The Ultimate Guide to ASC 842 Sale-Leasebacks for Finance Teams

The Ultimate Guide to ASC 842 Sale-Leasebacks for Finance Teams

October 7, 2025

Sale-leaseback transactions under ASC 842 give finance teams a powerful way to unlock cash while continuing […]

thumbnail - ASC 842 Audit Readiness The Complete Checklist for Compliance

ASC 842 Audit Readiness: The Complete Checklist for Compliance

September 30, 2025

Many finance teams see ASC 842 audit preparation as a heavy lift, especially during year-end close. […]

Help Improve Lease Accounting Standards IFRS 16 Review

Help Improve Lease Accounting Standards: IFRS 16 Review

September 26, 2025

The International Accounting Standards Board (IASB) has opened a Post-implementation Review of IFRS 16 Leases. This […]

thumbnail How to Transition to New Lease Accounting Software Quickly & Easily

How to Transition to New Lease Accounting Software Quickly & Easily

September 24, 2025

Your lease accounting software may be approaching a software sunset, meaning no more updates, security patches, […]

Thumbnail Picture of Lessee vs Lessor Key Differences & Why They Matter by Black Owl Systems

Lessee vs Lessor: Key Differences & Why They Matter

August 13, 2025

Understanding the difference between a lessee and a lessor is fundamental in lease agreements, yet the […]

Thumbnail Picture of ASC 842 Lease Accounting The Complete Guide by Black Owl Systems

ASC 842 Lease Accounting: The Complete Guide

August 5, 2025

ASC 842 changed how companies account for leases, replacing ASC 840 to bring more transparency to […]

Thumbnail Picture of Sublease Accounting Under ASC 842 A Simple Guide by Black Owl Systems

Sublease Accounting Under ASC 842: A Simple Guide

July 28, 2025

Sublease accounting under ASC 842 can be complex, especially for organizations managing both head leases and […]

Thumbnail Picture of Lease Accounting Improvements That Save Time and Money by Black Owl Systems

Lease Accounting Improvements That Save Time and Money

July 18, 2025

Lease accounting isn’t something you set and forget. Even after your organization adopted ASC 842 or […]

Thumbnail Picture of Choosing a New Lease Accounting System 10 Expert Tips by Black Owl Systems

Choosing a New Lease Accounting System: 10 Expert Tips

July 9, 2025

Choosing the right lease accounting software isn’t just about compliance. It’s about finding a long-term partner […]

Thumbnail Picture of The Future of Leasing What CFOs Should Expect by Black Owl Systems

The Future of Leasing: What CFOs Should Expect

July 3, 2025

Leasing looks a lot different than it did just a few years ago. From flexible office […]

Thumbnail Picture of True Lease vs Operating Lease Key Differences Every Business Should Know by Black Owl Systems

True Lease vs Operating Lease: Key Differences Every Business Should Know

June 24, 2025

Leases That Make a Difference: What Every Business Should Know As a business owner interested in […]

Thumbnail Picture of Deferred Rent Entry Explained A Simple Guide for Accurate Accounting by Black Owl Systems

Deferred Rent Entry Explained: A Simple Guide for Accurate Accounting

June 19, 2025

Making Sense of Deferred Rent: What It Means and Why It Matters Deferred rent entry might […]

Thumbnail Picture of How to Handle Lease Incentive Liability Under ASC 842 by Black Owl Systems

How to Handle Lease Incentive Liability Under ASC 842

June 11, 2025

Making Sense of Lease Incentive Liabilities Under ASC 842 Managing business leases is tough enough without […]

Thumbnail Picture of Selecting the Best Lease Accounting Software by Black Owl Systems

Selecting the Best Lease Accounting Software

June 5, 2025

Selecting the Best Lease Accounting Software: Why Black Owl Excels for Every Business Choosing the best […]

Thumbnail Picture of Lease Accounting Made Easy Useful Life Calculation Explained by Black Owl Systems

Lease Accounting Made Easy: Useful Life Calculation Explained

May 31, 2025

Making Lease Accounting Easier: How to Calculate Useful Life Step by Step Calculating the useful life […]

Thumbnail Picture of How Automated Lease Accounting Transforms Finance Operations by Black Owl Systems

How Automated Lease Accounting Transforms Finance Operations

May 23, 2025

Smarter Finances, Less Hassle: The Power of Automated Lease Accounting Lease management could never be assumed […]

Thumbnail Picture of Straight Line Expense Method How It Works and Why It Matters by Black Owl Systems

Straight Line Expense Method: How It Works and Why It Matters

May 7, 2025

When businesses rent properties or machinery, they do not necessarily pay the same every month; in […]

Thumbnail Picture of Understanding the Discount Rate in Lease Accounting Simple Guide by Black Ow Systems

Understanding the Discount Rates in Lease Accounting: Simple Guide

April 23, 2025

Possible-way out of taking care of lease accounting, and the moment you hear the term “discount […]

Thumbnail Picture of Lease Schedule Explained by Black Owl Systems

Lease Schedule Explained: A Must-Know Tool in Real Estate

April 16, 2025

The moment that a person begins to appreciate the touching world that is so popular with […]

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