Why is lease accounting more challenging for private equity firms?

Lease accounting is more complex in private equity because each portfolio company uses different systems, policies, and reporting processes. This creates consolidation difficulties, increases compliance risks, and slows ASC 842 or IFRS 16 reporting.

How can private equity firms improve multi-entity lease consolidation?

Private equity firms can improve multi-entity consolidation by centralizing lease data into a single platform that standardizes reporting, validates entries automatically, and provides real-time visibility across all subsidiaries. This removes manual reconciliations and reduces errors.

What are the risks of managing lease accounting with spreadsheets?

Using spreadsheets increases the risk of data inconsistencies, version control issues, delayed closes, inaccurate calculations, and audit findings. It slows decision-making and makes ASC 842 compliance harder to maintain across a private equity portfolio.

How does centralized lease accounting help with ASC 842 compliance?

Centralized lease accounting systems enforce consistent accounting policies across subsidiaries, automate ROU asset and liability calculations, and maintain accurate journal entries. This shortens close cycles and provides audit-ready documentation.

What features should private equity firms look for in a lease accounting system?

Private equity firms should look for features such as multi-entity capabilities, automated calculations, real-time consolidated reporting, ASC 842/IFRS 16 compliance tools, complete audit trails, ERP integrations, and flexible control levels for subsidiaries and the parent firm.

Articles

FinQuery

Switching Lease Accounting Software: How to Migrate from Excel or FinQuery

Greg Kautz August 27, 2026

How to switch lease accounting software from Excel, FinQuery, or a homegrown system. Cutover timing, the lease data to gather, and the opening balance reconciliation.

Lease accounting software for private companies: Black Owl Systems vs FinQuery compared on ASC 842, IFRS 16, and ASPE 3065

Lease Accounting Software for Private Companies: Black Owl vs FinQuery

Greg Kautz August 23, 2026

Does a Private Company Need Lease Accounting Software? When a private company outgrows spreadsheets, and how Black Owl compares to FinQuery on ASC 842, IFRS 16, ASPE 3065, lessor accounting, and cost per lease.

FinQuery

Switching Lease Accounting Software: How to Migrate from Excel or FinQuery

Lease Accounting Software for Private Companies: Black Owl vs FinQuery

Get a Demo

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

FinQuery

Switching Lease Accounting Software: How to Migrate from Excel or FinQuery

Lease Accounting Software for Private Companies: Black Owl vs FinQuery

Get a Demo

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

Learn How BlackOwl Has Helped 100+ Teams Elevate Their Systems

Let's have a chat