Detailed List of Black Owl Features.
We customize lease accounting solutions to meet you and your business needs.
Detailed List of Black Owl Features.
We customize lease accounting solutions with powerful features to meet you and your business needs.
Lease Accounting Standards
Lessee Accounting
- Operating Lease
- Finance Lease
- Low Value
- Non Lease Contracts
- Standard
- Low Value
- Short Term
- Non Lease Contracts
- Capital
- Operating
Lessor Accounting
- Sales-Type
- Direct Financing
- Operating
- Finance
- Operating
- Sales-Type
- Direct Financing
- Operating
Advanced Features
Automated calculations and postings with auditable journal entries.
Compliance with US GAAP, IFRS, and ASPE.
Daily rate imports with month-end calculations. Supports CTA.
Allocate lease costs to multiple centers, ventures, and other objects.
Aligns with AP bookings and company budget processes.
Track and forecast variable costs.
Reliable audit trails with each lease change.
Supports multiple companies and coding structures.
Organize contracts down to asset component level
Full visibility of all journal entries.
Historical lease data remains unchanged for audit history.
Auto-inserts and varies borrowing rates by asset classes & leases.
Calculations
Books costs in accurate accounting periods.
Distributes costs to multiple cost objects.
Distinguishes between short-term and long-term liabilities.
Prorates costs for mid-month lease starts.
Includes straight line, demising balance, and unit of production.
Master Data
Compatible with any ERP system.
Quick setup and easy remapping options.
Automatic rate population with manual override options.
Create custom attributes for data capture and tracking.
Lease Entry
User-friendly lease creation.
Ensures correct lease categorization and allocations.
Comprehensive lease documentation from start to end.
Mass upload and save drafts for completion later.
Approval workflows with email notifications.
Lease Change
Intuitive screen for all lease changes.
Manage current and past lease adjustments.
Ensure accurate lease modifications and maintain history.
Adjust for asset impairments and terminations.
Conversion
Efficient mass upload templates.
Smooth transition from other systems.
Monthly Accounting
Efficient end-of-month processes.
Automatic calculations after rate updates.
Comprehensive reporting with timely notifications
Organized period management and exportable journal entries.
Reporting
Personalized views and ad-hoc reports
Compliant and insightful reporting options.
Flexible report generation based on multiple criteria.
Commercial, Implementation & Support
Secure and scalable cloud infrastructure.
Industry-leading security with access controls.
Unlimited users and entities, inclusive of all features.
Fast, Stress Free
Implementation
- Our solution features a quick setup, so small businesses can be up and running within weeks.
- Larger organizations typically be live in one to two months
- Our cloud platform can be delivered, ready to load leases in days
- Ready-to-go templates to load your master data and existing leases
- Our accounting experts guide you every step of the way
