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. 

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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.

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Our Service Areas.

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Calgary

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Edmonton

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Houston Texas

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Vancouver

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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.

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 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.

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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.

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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.

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Frequently Asked Questions.

Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices. 

What is the minimum number of leases required to use lease accounting software?

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.

Why should I consider switching from my current lease accounting solution for ASC 842 or IFRS 16 to a new system?

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.

Does Black Owl meet SOC standards?

Yes, Black Owl has received SOC 1 Type 2 and SOC 2 Type 2 certification.

What is the timeline for deploying Black Owl?

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.

What is Lease Accounting Software?

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.

What is the New GAAP for Leases?

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.

Still have questions?

If you have any other questions or need further information, don’t hesitate to contact us. We are here to help you!

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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.

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