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Lessor Accounting Software.

Experience the industry’s most complete lessor accounting solution.

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See it in action

Lessor Accounting Software.

Experience the industry’s most complete lessor accounting solution.

Get Started
See it in action

Lessor Accounting Standards

Streamline compliance, simplify operations, and empower your business with our advanced features for lessor accounting.

Financial Accounting Standards Board

FASB

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

IASB

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

ASPE

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.
US GAAP

Lease Types (ASC 842)

  • Sales-Type
  • Direct Financing
  • Operating
IFRS

Lease Types (IFRS 16)

  • Finance
  • Operating
ASPE

Lease Types (ASPE 3500)

  • Sales-Type
  • Direct Financing
  • Operating

Master Lessor Accounting with Simplification

  • Comprehensive Data Management

    Manage all lease data effortlessly. Our software supports lease terms, payment schedules, renewal options, and variable lease payments with precision.

  • Lease Classification

    Our system guides clients in classifying lessor lease agreements based on the criteria set out in the accounting standard.

  • Automated Calculations

    Automate interest, depreciation, and present value calculations for future lease payments, reducing errors and saving valuable time. Regulatory Compliance Stay compliant with ease. Our system is regularly updated to meet ASC 842, IFRS 16 and ASPE 3065C standards, with compliant reporting at your fingertips.

  • Seamless ERP Integration

    Easily integrate with your existing financial systems for a unified workflow and minimized manual entry errors.

Comprehensive Lessor Accounting

Black Owl streamlines lessor accounting from inception to final reporting. We automate calculations, simplify compliance, and centralize lease data in one platform.

  • Classify Leases

    Automatically classify leases (sales-type, direct financing, operating).

  • Capture Data

    Capture all contract details (term, payments, options).

  • Recognize Revenue

    Automate interest calculations, track payments, manage modifications.

  • Generate Entries

    Automatically generate journal entries for all transactions.

  • Report Seamlessly

    Generate financial statements and disclosures for ASC 842 and IFRS 16. Access reports instantly.

  • Integrate Easily

    Seamlessly integrate with your general ledger.

  • Automate Disclosures

    Generate required disclosures (balances, etc.).

  • Support

    Our specialists guide you throughout the process.

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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

  1. Certain items will no longer preclude sales-type lease classification.
  2. A narrower definition of initial direct costs.
  3. Lease and non-lease components.
  4. Sale-leaseback accounting may be significantly different for buyer-lessor.
  5. Executory costs.
  6. Expanded qualitative and quantitative disclosures.
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Key Differences from ASC 840

  1. Certain items will no longer preclude sales-type lease classification.
  2. A narrower definition of initial direct costs.
  3. Lease and non-lease components.
  4. Sale-leaseback accounting may be significantly different for buyer-lessor.
  5. Executory costs.
  6. 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.

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Lease accounting made simple, powerful, and cost-effective.

Black Owl Integrates with any ERP or financial system for consistent data management and workflow.