Our Service Areas.
Every business operates differently, and when it comes to lease accounting, a one-size-fits-all solution simply doesn’t work. At Black Owl Systems, we take a consultative approach to help you not only meet today’s compliance needs but to prepare for tomorrow’s growth.

Empowering Calgary’s Financial Leaders: Your Trusted Partner in Lease Accounting
At Black Owl Systems, we believe that lease accounting should be more than a compliance necessity—it should be a strategic advantage. Based in the vibrant city of Calgary, we’re proud to support local and national companies in transforming how they manage leases. From small enterprises to multi-location corporations, we provide flexible, innovative, and easy-to-use solutions tailored to each client’s unique challenges.
- Lease accounting faces regulations, standards, and data needs.
- Software simplifies lease lifecycles, improves visibility, aids decisions.
- Black Owl Systems offers peace with expertise and Calgary support.

Our Service Areas.
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Why Calgary Chooses Black Owl Systems: Local Insight, Global Standards
Operating from the economic heart of Alberta, we understand the specific challenges faced by Calgary businesses. Whether you’re part of the city’s dynamic energy sector, expanding retail operations, or a service-based company navigating lease complexities, our team has the local knowledge and industry insight to support your journey. Black Owl Systems is more than a software provider—we’re an active part of the Calgary business community, offering solutions that align with regional priorities while meeting the highest national and international standards.
- Commitment to customization and service sets us apart.
- Platform tailored to workflows, teams trained, continuous support.
- Reputation built on trust, precision, responsiveness for organizations.
Create, Modify or Retire a Lease in Minutes.
Create new leases in minutes. Stop waiting for journal entries and reports. Perform lease modifications in minutes
Lease Entry
- Intuitive design
- Create new leases in minutes
- Input validations
Lease Change
- Reassessments
- Modification
- Retroactive adjustments to prior periods
- Robust audit tails
- All in only minutes
Multi-currency
- Automated import from any source daily
- Converted at time of entry
- FX and CTA run monthly with the click of one button for all leases
Works with all ERPs
- SAP
- Oracle Cloud
- Microsoft Dynamics
- Nextworld
- NetSuite
- QuickBooks Online
- Sage
Detailed Audit Trails
- Each lease stores all journal entries from inception to end
- All lease changes supported by journal entries
Secure and Scalable
- Cloud hosted single tenant
- AUTH0 for user management and authentication

Lease Accounting Solutions for Your Business
Month-End Close doesn’t have to be stressful.
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.

Rooted in Calgary, Built for the Future: Driving Innovation in Lease Accounting
Calgary is a city that thrives on innovation, resilience, and adaptability—values we share at Black Owl Systems. Our headquarters in Calgary not only places us close to our clients, but also allows us to be responsive to local trends, industry-specific challenges, and regulatory shifts in real time. Whether your business is located downtown or operating across Western Canada, we deliver the same high level of service and expertise with a local touch.
We see ourselves not just as a software provider but as a true partner in your financial operations. As industries in Calgary continue to evolve, especially with the growth of digital transformation in finance and operations, Black Owl Systems is committed to staying ahead of the curve. We continually update our platform, enhance our features, and listen to client feedback to ensure our solution is always aligned with the real-world needs of Calgary’s business leaders.

Your Lease Accounting Partner Starts Here: Let’s Build Smarter Together
The first step toward a better lease accounting system starts with a conversation. Whether you’re seeking to replace outdated processes, reduce compliance risks, or simply get more value out of your current workflows, Black Owl Systems is here to help. Our team will work closely with you to assess your current state, identify specific goals, and create a tailored roadmap toward operational efficiency and financial clarity.
We believe in building partnerships that last—rooted in trust, driven by results, and powered by technology that actually works for you. Our clients appreciate not only our software’s capabilities, but also our personalized service, transparent approach, and unwavering commitment to their success.
Reach Out Today
Ready to simplify lease accounting and regain control of your financial data? Contact us today for more information. Let’s explore how we can build a smarter, more compliant, and more cost-effective lease accounting strategy for your business in Calgary and beyond.











Proven By Finance Teams.
Scott
"We are a private equity firm with 13 operating companies and over 200 leases / subleases in multiple currencies which we previously tracked manually in excel. The Black Owl software helped streamline our processes, removed the burden and frustrations of manual spreadsheets and freed up time in our month-end and quarter end. We felt well supported during the entire implementation process and have been very impressed with the ongoing customer service. The software has a great look and feel and is very intuitive to use. Creating a new lease is quick and easy and the push button reporting functions have simplified our month-end and quarterly disclosures. Being the administrator of the software, I like how straightforward adding companies and updating the master data is. Overall we have been very impressed with the software and the team at Black Owl and would recommend it to anyone whose dealing with the frustrations created by the new leasing standard."
Shekayla
"Making the move to Black Owl has been a huge time saver for our companies' lease accounting process, as we no longer need to rely on tedious spreadsheets to track and manage our leases. Our month-end reconciliation process has been vastly improved, and our lease reporting has become seamless. From the beginning of our implementation, their support team has always been incredibly responsive and helpful anytime we have a question or need assistance. We would absolutely recommend Black Owl to any company looking to enhance their lease accounting."
William
"Communication with the Black Owl team from executives down to the consulting level was easy and responses to our questions were addressed on a timely basis. Features and functionality demonstrated were either delivered out of the box during implementation or addressed very quickly at our request."


4.7 out of 5
Frequently Asked Questions.
Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices.
Our suggestion is that you should consider using lease accounting software when you have 10 or more leases. Lease accounting software can provide numerous benefits for companies, including increased accuracy, improved efficiency, better compliance, enhanced transparency, and strong audit trails.
Opting for a change to Black Owl from your current Excel or first-generation tool can offer significant benefits in terms of time and lower risk in complmeting your month end accounitng. Our system makes your monthly closing and auditing processes considerably more streamlined compared to what traditional methods and systems offer.
Yes, Black Owl has received SOC 1 Type 2 and SOC 2 Type 2 certification.
The installation process of Black Owl is typically swift and ranges between four to eight weeks depending on your readiness. Our team is committed to assisting our clients through every stage with our comprehensive implementation guide, whether you’re transitioning from a large corporate system or an Excel spreadsheet. If your policy choices and data are well-organized, the software is ready for you to make your configuration choices and input your data.
Additionally, we collaborate with several partner companies who can offer consultative services to help overcome any limitations you may face during the adoption phase.
Lease accounting software is a specialized accounting software solution created to help companies comply with lease accounting standards. The software simplifies lease management, enabling businesses to accurately account for both real estate and equipment leases in line with rules set by the Financial Accounting Standards Board and International Accounting Standards Board.
As a leading provider of lease management software solution, we offer robust features that empower businesses to easily handle their lease portfolio. Our software enables property managers, real estate investors, and private and public companies to manage rental properties with unmatched ease and efficiency.
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new lease accounting standards known as ASC 842, GASB 87, and IFRS 16, which significantly impact the way companies account for leases.
These new lease accounting standards require companies to recognize most leases on their balance sheets, which impacts both lessees and lessors. Our lease accounting software ensures you stay compliant with these standards, taking the complexity out of lease accounting.