Black Owl Systems

Lessee Accounting Software

Lessee Accounting Requirements

Standards - Black Owl supports Financial Accounting Standards Board (FASB) ASC 842, International Accounting Standards Board (IASB) IFRS 16, and Canadian Accounting Standards for Private Enterprises (ASPE) Section 3065

Financial Accounting Standards Board

FASB

Lease Types (ASC 842)

  • Low Value
  • Finance Lease
  • Operating Lease
  • Non Lease Contracts

International Accounting Standards Board

IASB

Lease Types (IFRS 16)

  • Standard
  • Low Value
  • Short Term
  • Non Lease Contracts

Canadian Accounting Standards for Private Enterprises

ASPE

Lease Types (ASPE 3065)

  • Capital
  • Operating

Lessee Accounting Software: Simplifying Lease Management for Lessees

In the complex world of lease accounting, lessees face unique challenges. Black Owl Systems offers a specialized Lessee Accounting Software solution, designed to simplify lease management and ensure compliance with relevant accounting standards like ASC 842 and IFRS 16.

Streamlined Lease Management for Lessees

Our software is tailored to the specific needs of lessees, providing an intuitive platform for managing all aspects of lease accounting. From initial recognition to ongoing measurement, our system handles every detail with precision and ease.

  • Automated Lease Calculations

    Simplify the complexities of lease calculations, including Right-of-Use (ROU) assets and lease liabilities.

  • Compliance with ASC 842 and IFRS 16

    Stay compliant with current lease accounting standards, reducing the risk of errors and non-compliance.

  • Integration with Existing Systems

    Seamlessly integrate with your current ERP systems, ensuring smooth data transfer and minimal disruption.

  • User-Friendly Interface

    Navigate through a clear, intuitive interface designed for ease of use, regardless of your accounting expertise.

  • Detailed Reporting and Analysis

    Generate comprehensive reports for internal analysis and external reporting, enhancing transparency and decision-making.

Transformative Lease Management Solutions for Lessees

Black Owl’s Lessee Accounting Software transforms the way lessees approach lease accounting. From small businesses to large corporations, our solution adapts to your unique leasing portfolio, offering features like:

  • Multi-Currency Transactions: Handle leases across different currencies effortlessly.
  • Audit Trail Capabilities: Maintain detailed records for auditing purposes, ensuring full traceability of all transactions.
  • Real-Time Visibility: Gain immediate insights into your lease portfolio, enabling proactive management and strategic planning.

 

Choosing Black Owl for Lessee Lease Accounting

Choosing the right lease accounting software is crucial for effective lease management. Black Owl Systems provides advanced software solutions and partners with you to ensure successful implementation and ongoing support.

Connect with Us for a Tailored Lessee Accounting Solution

Discover how Black Owl’s Lessee Accounting Software can revolutionize your lease management process. Contact us for a personalized demonstration and see firsthand how our software can meet your specific lessee accounting needs.

Lessee Accounting Requirements
Black Owl
Lease Types (ASC 842)
  • Low Value
  • Finance Lease
  • Operating Lease
  • Non Lease Contracts
Lease Types (IFRS 16)
  • Standard
  • Low Value
  • Short Term
  • Non Lease Contracts
Lease Types (ASPE 3065)
  • Capital
  • Operating

USER-FRIENDLY

Black Owl Lease provides a simple and innovative data entry screen for new leases

Excellence in Lease Accounting

Reach out to us for a personalized approach to simplifying your lease accounting journey.

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Discover How We Can Meet Your Lease Accounting Needs.

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Explore our Solution

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iSP³ Solutions Providers

iSP³ is a reseller and implementation partner of Black Owl bringing over 20 years in the ERP industry

iSP³ Solutions Providers

iSP³ is a reseller and implementation partner of Black Owl bringing over 20 years in the ERP industry

Nextworld

Black Owl Systems is an ISV (Independent Software Vendor) for Nextworld ERP software company to provide their lease accounting solution to Nextworld clients.

Avalara

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