Lessee
-
Standard
-
Low Value
-
Short-Term
-
Non-Lease Contracts
Lessor
-
Finance
-
Operating
Lease Entry in Minutes
- Black Owl's lease entry features a user-friendly interface and intuitive navigation. Input and manage lease data in minutes.
Lease Change
- Deferring modifications and reassessments is a thing of the past.
- Lease modifications and reassessments takes only minutes.
- Manage lease changes with ease for both current and retroactive periods maintaining strong audit trails backed by detailed journal entries.
Out-of-the-Box Reporting
No more waiting minutes or hours to generate journal entries and reports.
Disclosure Reporting
- Asset Continuity
- Liability Maturity Analysis
- Expense Income
- Cash Flows
- Weighted Average (ASC 842 Only)
- Receivable Maturity Analysis
Management Reporting
- Account Balance by Lease
- Vendor Reconciliation
- Liability Continuity
- Cash Flow
- Maturity Analysis
- Roll Forward by Companies
Lease Administration
- Custom Attributes
- Customizable Reports
- Notifications and Reminders
Disclosure Reporting
- Asset Continuity
- Liability Maturity Analysis
- Expense Income
- Cash Flows
- Weighted Average (ASC 842 Only)
- Receivable Maturity Analysis
Management Reporting
- Account Balance by Lease
- Vendor Reconciliation
- Liability Continuity
- Cash Flow
- Maturity Analysis
- Roll Forward by Companies
Lease Administration
- Custom Attributes
- Customizable Reports
- Notifications and Reminders
Multi-Currency Functionality
- Automatic Daily Foreign Exchange Rate Imports
- Streamline currency conversions for both functional and reporting needs
- Automate FX journal entry calculations
- Cumulative Translation Adjustments (CTA) seamlessly into your accounting process
Fast, Stress Free
Implementations
- 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
Advanced Lease Management.
No more waiting minutes or hours to generate journal entries and reports.
Sublease
Easily create and track sublease agreements, including multiple levels of subleases.
Bulk Uploads
Data Security
Variable Costs
Custom Attributes
Customized Reports
Automation & Workflow Management
Custom Lease
Accounting Solutions
Keep month-end stress-free.
Whether you manage a few leases or a vast portfolio, our streamlined software ensures clear, efficient lease accounting. Start simplifying today.
- sales@blackowlsystems.com
- Suite 1100, 639 5 Ave SW, Calgary, AB T2P 0M9
Custom Lease Management.
We recognize the challenges businesses face in adhering to the new lease accounting standard, IFRS 16, especially for global companies. However, compliance doesn’t have to be overwhelming with our lease accounting software. 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.
Black Owl Systems is proud to offer top-tier IFRS 16 lease accounting software. Our solutions simplify compliance and empower businesses to confidently manage their lease portfolio in line with the new rules.
Our lease accounting software is a powerful tool designed to streamline your lease accounting processes. The software ensures accuracy and consistency in managing your lease agreements, allowing you to calculate lease liability accurately and prepare your balance sheet efficiently.
Whether you are managing operating leases, finance leases, or short-term leases, our software will help you stay in control and ensure compliance with IFRS 16.
Frequently Asked Questions
Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices. Our software solution is tailored to assist you in maintaining compliance with new lease accounting standards while making the process simpler, faster, and more efficient.
IFRS software helps businesses manage lease accounting, lease liability, lease data, and financial reporting requirements under the IFRS 16 lease accounting standard.
With our software, implementation becomes straightforward. Our team of experts will guide you through the process, ensuring that your business meets all the requirements of the new standard.
Our lease accounting software at Black Owl Systems ensures your business can smoothly navigate lease accounting complexities. From lease management to operating lease calculations, it helps you tackle all aspects of IFRS 16 compliance.
Our IFRS 16 lease accounting software is cloud-based, ensuring accessibility and data security. Your lease data is available whenever you need it, from wherever you are. Our software is compliant with regulations and provides reliable data for auditors.
