Enterprise Lease Accounting Software for Lessees, Lessors, ASC 842 & IFRS 16
Black Owl is the lease accounting software built for finance teams who own the close. Centralize lease accounting for complex lease portfolios across lessees and lessors, with audit-ready reporting, compliance controls, and support for IFRS 16 and ASC 842 accounting standards.
Trusted by Finance Teams Managing Complex Lease Portfolios.
Modern Lease Accounting Platform for Lessee and Lessor Accounting.
Black Owl is a modern lease accounting platform built to simplify even the most complex lease portfolios. Centralize lease data, automate journal entries, manage lessee and lessor accounting, support multi-entity, multi-currency reporting, and create a continuous audit trail across IFRS 16, ASC 842 and ASPE 3065.
Lease Management Software for Complete Portfolio Visibility.
- Black Owl combines lease accounting software and lease management software in a single cloud-based platform. Centralize every lease, entity, location, and currency in one searchable lease accounting system. Eliminate spreadsheet tracking, improve visibility across your portfolio, and ensure finance teams always have access to accurate lease data.
Lease Accounting Automation for Reassessments, Renewals & Modifications.
- Lease accounting automation shouldn't require spreadsheets, workarounds, or manual recalculations. Black Owl automatically handles reassessments, renewals, modifications, partial terminations, and ROU asset adjustments while preserving historical accuracy and maintaining compliance across complex lease portfolios.
One Lease Accounting Solution for Every Lease Scenario.
- Manage core and edge cases across complex lease portfolios, whether you have hundreds of leases or tens of thousands across different asset classes, entities, and accounting standards. From sublease accounting and variable payment structures to non-standard payment frequencies, AP/AR subledger entries and modifications.
Lease Accounting Software for ASC 842 & IFRS 16 Compliance.
- Black Owl simplifies compliance with ASC 842 and IFRS 16 by providing dual-standard lease accounting in a single platform. Generate separate journal entries, disclosures, and reports for each reporting framework while automatically handling foreign currency adjustments. Our ASC 842 and IFRS 16 lease accounting software helps finance teams maintain compliance without manual aggregation or duplicate workflows.
Recognized as a Leading Lease Accounting Software Platform.
- Black Owl is recognized by finance professionals for delivering powerful lease accounting software, exceptional customer support, and ease of implementation. Organizations choose Black Owl to simplify lease accounting, accelerate compliance, and manage complex lease portfolios with confidence.
Why Finance Teams Rate Black Owl Among the Best Lease Accounting Software Platforms.
- Finance teams choose Black Owl for its powerful lease accounting software, responsive support, and ability to handle complex lease portfolios. See what customers are saying about their experience with our lease accounting platform.
Native Lessor Accounting Software Built Alongside Lessee Accounting.
- Most lease accounting software platforms were built for lessees and later adapted for lessor requirements. Black Owl was designed to support both from the start. Manage operating leases, finance leases, sales-type leases, direct financing leases, lessor disclosures, and lessee accounting activities within a single lease accounting platform. Our Native Lessor Accounting capabilities eliminate the need for separate systems and manual workarounds.
Lease Accounting Implementation Services That Get You Live Faster.
- Our implementation team are accountants who've sat where you sit. Most customers are live in weeks, not months. You focus on your close while we handle everything including data migration and mapping validations.
Why Finance Teams Choose Black Owl Lease Accounting Software.
Lease Accounting Software That Integrates with Your ERP
- Black Owl integrates with leading ERP and financial systems to streamline journal entries, reporting, and reconciliation workflows. Connect your lease accounting software to your existing finance infrastructure while maintaining a single source of truth for lease data across entities, currencies, and reporting standards.
Simplify Lease Accounting with One Powerful Platform.
Discover how Black Owl simplifies lease accounting, lease management, ASC 842 compliance, IFRS 16 reporting, and Native Lessor Accounting in a single platform.
Frequently Asked Questions.
- Find answers to common questions about lease accounting software, Lease Management Software, ASC 842 compliance, IFRS 16 reporting, lessor accounting, implementation, and lease portfolio management.
Organizations typically benefit from lease accounting software once they manage 10 or more leases. A dedicated lease accounting platform improves compliance, automates journal entries, supports lease amortization schedules, and simplifies ASC 842 and IFRS 16 reporting requirements.
Many organizations move from spreadsheets or legacy systems to modern lease accounting software to improve accuracy, automate reporting, simplify compliance, and gain better visibility into lease portfolios.
Yes. Black Owl is SOC 1 Type 2 and SOC 2 Type 2 certified, providing assurance in system security, availability, and processing integrity, essential for companies handling lease software in regulated environments.
Lessor accounting software helps organizations manage operating leases, finance leases, sales-type leases, direct financing leases, and related disclosures. Black Owl supports Native Lessor Accounting and lessee accounting in a single platform.
Lease accounting software focuses on compliance, reporting, journal entries, and disclosures, while lease management software helps organizations centralize lease data, track lease terms, and manage lease portfolios. Black Owl combines both capabilities in a single platform.
How long does lease accounting software implementation take?
New Answer: Most lease accounting software implementations are completed within 4–8 weeks. Black Owl’s implementation team manages data migration, lease validation, configuration, and training to help organizations go live quickly.
Lease accounting software helps organizations automate lease calculations, journal entries, disclosures, and compliance reporting under ASC 842 and IFRS 16. Modern lease management software also centralizes lease data, improves audit readiness, and simplifies portfolio management.
Organizations often use ASC 842 lease accounting software to simplify compliance and manage the reporting requirements associated with modern lease accounting standards.
Yes. Black Owl provides lease accounting consulting, implementation, data migration, onboarding, and training services to help organizations adopt the platform quickly and efficiently.
Still have questions?
Speak with our lease accounting specialists to learn how Black Owl supports lease management, ASC 842 compliance, IFRS 16 reporting, Native Lessor Accounting, and enterprise lease portfolios.
