Lease accounting software that gives confidence at close.
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.
Turn Lease Complexity into Clarity.
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.
Centralize Your Lease Portfolio.
- One platform for every lease, entity and currency that's organized, searchable, and always up to date. No more tracking leases across spreadsheets, folders, or inboxes.
Reassessments Handled Correctly. Every Time.
- Black Owl's change engine handles every reassessment type including partial terminations, renewals, ROU adjustments - with full historic accuracy, without touching closed periods.
Flexibility to Handle Every Lease Accounting 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.
Multi-Standard and Multi-Currency In One Lease.
- Get two complete sets of journal entries for dual reporting standards (IFRS 16 and ASC 842) and runs 12 monthly FX-adjusted reports per currency automatically. No other platform does this without manual aggregation.
One Single Source of Truth for Lessee and Lessor.
Most platforms built lessee first and bolted lessor on as an afterthought — or don't offer it at all. We manage both lessee and lessor accounting in one platform, including operating leases, finance leases, sales-type leases, direct financing leases, and lessor disclosures.
Unparalleled Support Helping Your Organization.
- 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.
What Customers Say About Black Owl.
Integrates Easily with your
Existing ERP Infastructure
- One platform for every lease, entity and currency that's organized, searchable, and always up to date. No more tracking leases across spreadsheets, folders, or inboxes.
Simplify Lease Accounting Management.
See how Black Owl handles your most complex leases.
Frequently Asked Questions.
Our advanced Lease Accounting Software is designed to transform the way you manage and streamline your lease accounting practices.
We recommend using lease accounting software when you manage 10 or more leases. With a growing lease portfolio, software helps ensure accurate lessor journal entries, supports the straight-line method of depreciation, generates lease amortization schedules, and improves compliance and audit readiness under standards like ASC 842 and IFRS 16.
Switching to Black Owl from Excel or a basic system streamlines your month-end accounting with greater speed and accuracy. Our platform reduces risk, automates operating and finance lease journal entries, and ensures compliance with ASC 842 and IFRS 16, saving time while enhancing transparency.
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.
Deployment typically takes 4 to 8 weeks, depending on data readiness. Whether you’re switching from Excel, legacy software, or a corporate ERP, our team supports every step, from setup to configuring lease amortization schedules and straight-line depreciation formulas.
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 helps companies comply with standards like ASC 842 and IFRS 16 by automating calculations for finance and operating lease journal entries, supporting straight-line depreciation, and generating precise lease amortization schedules. It’s a critical tool for software leasing companies in Calgary and beyond.
As a leading provider of lease management software, we deliver powerful features that simplify the oversight of complex lease portfolios. Our platform supports property managers, real estate investors, and private and public companies in managing leases with greater accuracy, efficiency, and control.
The latest standards, ASC 842 (FASB), IFRS 16 (IASB), and GASB 87, require more leases to be reflected on the balance sheet. This affects how businesses recognize assets, liabilities, and use tools like the straight-line depreciation method and journal entries for lessors.
