Lessor Accounting Software.
Experience the industry’s most complete lessor accounting solution.
Lessor Accounting Software.
The Industry’s Only All-in-One Lessor Accounting System.
Lessor Accounting Standards
Streamline compliance, simplify operations, and empower your business with our advanced features for lessor accounting.
Financial Accounting Standards Board
Lease Types (ASC 842)
-
Sales-Type
-
Direct Financing
-
Operating
-
Implicate Rate Systems automatically calculates the implicate rate based on the term and conditions of the lessor agreement.
-
Sublease Easily create and track sublease agreements, including multiple levels of subleases.
International Accounting Standards Board
Lease Types (IFRS 16)
-
Finance
-
Operating
-
Implicate Rate Systems automatically calculates the implicate rate based on the term and conditions of the lessor agreement.
-
Sublease Easily create and track sublease agreements, including multiple levels of subleases.
Canadian Accounting Standards for Private Enterprises
Lease Types (ASPE 3065)
-
Finance
-
Operating
-
Implicate Rate Systems automatically calculates the implicate rate based on the term and conditions of the lessor agreement.
-
Sublease Easily create and track sublease agreements, including multiple levels of subleases.
Lease Types (ASC 842)
-
Sales-Type
-
Direct Financing
-
Operating
Lease Types (IFRS 16)
-
Finance
-
Operating
Lease Types (ASPE 3500)
-
Sales-Type
-
Direct Financing
-
Operating
Trusted by Fortune 500 Companies
Black Owl supports lessors in industries where lease complexity and volume demand automation:
One platform, proven across diverse asset classes - so you can manage every lease with confidence.
Master Lessor Accounting with Simplification
See How Black Owl Simplifies
Lease Accounting
Discover why leading lessors trust Black Owl to streamline lease management and compliance.
Problems We Solve for Lessors
How Black Owl Stands Out for Lessors
Black Owl is the only platform with truly complete lessor accounting – automating every step, reducing risk, and eliminating manual work.
End-to-end lessor compliance, delivered in the same platform that already masters your lessee accounting.
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.
Fast, Stress Free
Implementation
- 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
ASC 842
A lessor will classify leases as sales-type, direct financing, or operating lease.
Balance Sheet
Income Statement
Cash Flow Statement
Sales-type and direct financing leases
Recognize net investment in the lease
Derecognize the underlying asset
Selling profit (loss)
Interest income over the lease term
Cash received from leases classified as operating cash flows.
Operating Leases
Continue to recognize the underlying asset
Lease income generally on a straight-line basis over the lease term
Cash received from leases classified as operating cash flows
Key Differences from ASC 840
- Certain items will no longer preclude sales-type lease classification.
- A narrower definition of initial direct costs.
- Lease and non-lease components.
- Sale-leaseback accounting may be significantly different for buyer-lessor.
- Executory costs.
- Expanded qualitative and quantitative disclosures.
Key Differences from ASC 840
- Certain items will no longer preclude sales-type lease classification.
- A narrower definition of initial direct costs.
- Lease and non-lease components.
- Sale-leaseback accounting may be significantly different for buyer-lessor.
- Executory costs.
- Expanded qualitative and quantitative disclosures.
Reporting and Analysis Made Simple
- Advanced Reporting: Generate reports tailored to your internal and external needs, providing insights and fulfilling regulatory requirements.
- Transparent Audit Trails: Each lease holds a detailed audit trail, ensuring full transparency and simplifying the audit process.
- Enterprise Security: Protect sensitive financial data with our robust security features, ensuring data integrity at all times.
- User-Friendly Interface: Navigate with ease. Our intuitive interface allows efficient management and reporting on lease agreements.
Lease Changes
- Lease Modifications, Reassessments, Terminations, Extensions, Sublease Arrangements: Effortlessly make lease changes into a streamlined process, enhancing efficiency, reducing errors, and improving overall lease management.
- Retroactive Adjustments: Manage lease changes easily for current and retroactive periods, maintaining strong audit trails.
- Sale and Leaseback Transactions: Under ASC 842, sale and leaseback transactions may be treated differently, affecting how lessors recognize revenue and measure lease receivables.
Scale and Support for Your Business Growth
- Scalability: Our software grows with your business, easily handling new leases and expanding operations.
- Expert Support and Training: Maximize the software’s potential with our comprehensive support and training resources.
- Forecasting and Scenario Analysis: Model different lease scenarios and analyze their financial implications for informed decision-making.
Proactive Notifications: Never miss a critical date with automated reminders and
reports for renewal deadlines and payment due dates.
