Articles

Greg Kautz, CPA, CMA, CEO

Understanding the different types of commercial leases and their accounting implications is a critical aspect of running a business, particularly when it involves real estate.

An Asset Retirement Obligation (ARO) is a liability you must manage when handling long-lived physical assets. As a company or entity utilizing substantial infrastructure or

Practical expedients under ASC 842. With the introduction of ASC 842, the Financial Accounting Standards Board (FASB) significantly changed how you must account for leasing

The implementation of ASC 842 brings about changes to lease accounting standards that directly impact both lessors and lessees. As a lessor, understanding the implications

How does ASC 842 affect EBITDA? The adoption of ASC 842, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB), has

In the complex world of lease-related processes, it’s crucial for finance and accounting professionals to distinguish between lease management and lease accounting systems. These two

Lease accounting standards have significantly changed in recent years, resulting in new rules and calculations for right-of-use (ROU) assets and lease liabilities. Lessees and lessors

Straight-line depreciation is a crucial concept in accounting, allowing businesses to spread the cost of an asset over its useful life. This method is widely

The lease accounting standard ASC 842 and IFRS 16 requires a comprehensive and complex approach to accounting for leases that typical ERP and accounting systems

Houston, Texas, USA – June 7, 2023 – WG Consulting, LLC is excited to announce its alliance with Black Owl Systems Inc., a leading provider

The implementation of ASC 842 and IFRS 16 has had a significant impact on the way that companies account for leases. Achieving compliance with these

As the year end audit draws to a close, it is essential to take a critical look at your financial systems and processes. A review

Longmont, Colorado, USA – November 15, 2022 – Tesserae Technologies, LLC. Is pleased to announce that they have been selected as a US partner and

For finance and accounting professionals adopting the lease accounting standard ASC 842, here’s an overview of the standards and some recommended implementation steps. Key Information

Longmont, Colorado, USA – September 13th – NuVerge, LLC. is pleased to announce that they have been selected as a US partner for Black Owl

Paragould, Arkansas, USA – July 11, 2022 – REMLogics, LLC (REMLogics), a leader in providing cloud-native real estate management solutions built on an enterprise no-code

Calgary, AB – November 1, 2021 – Black Owl Systems Inc., developer of lease accounting software, announced today that it has entered into a joint

Calgary, Alberta, September 7, 2021 – Black Owl Systems Inc. lease accounting software company announced today the appointment of two new members to the board

Denver, August 10th, 2021 – Nextworld™ ERP software company announced today an ISV (Independent Software Vendor) agreement with Black Owl Systems Inc. (Black Owl) of

Lease accounting regulations are only a few years old and many companies have scrambled to find a solution to comply with these new financial reporting

Enterprise Resource Planning (ERP) software is a suite of applications that allow businesses to integrate and manage their key back office business and financial processes.

One thing we hear from prospective clients who use Excel to perform their lease accounting is “we just have a few leases and do our

INNOVATIVE SOLUTION BASED ON STRONG ACCOUNTING PRINCIPLES FOR CLOUD OR ON-PREMISE Vancouver, BC, Canada: iSP3 solution providers inc. announced today that they have been selected