Lease Insight

iLeasePro is an intuitive, cost-effective, and accurate cloud solution that simplifies the transition to and on-going Lease Accounting under the ASC 842 Standard for Lessees. Our cloud-based SaaS solution accounts for Operating, Finance and Short-Term leases to ensure accurate compliance with ASC 842 Standard. With iLeasePro, you can easily generate the amortization schedule, journal entries and financial disclosure reports required by auditors. iLeasePro integrates with several accounting solutions to offer seamless uploading of journal entries into your general ledger. In addition to the lease accounting features, iLeasePro offers you the ability to add unlimited number of users to your account who will have access to critical date tracking and notifications, uploading of electronic lease documents that are linked with a lease, portfolio management capabilities and over 50 standard lease accounting and lease administration reports

Black Owl Systems offers advanced lease accounting software that streamlines lease management and ensures compliance with FASB ASC 842, IASB IFRS 16, and ASPE Section 3065. It features automated calculations, multi-currency support, comprehensive lease tracking, and robust reporting tools, enhancing efficiency and compliance. Key Features of Black Owl Systems software -Streamlines lease accounting, significantly reducing staff involvement. -Supports FASB ASC 842, IASB IFRS 16, and ASPE Section 3065 standards. -Automates calculations and postings with auditable journal entries. -Provides compliance with US GAAP, IFRS, and ASPE accounting standards. -Features multi-currency support with daily rate imports and month-end calculations. -Allows allocation of lease costs to multiple centers, ventures, and objects. Offers reliable audit trails for each lease change and full visibility of journal entries. -Supports multiple companies and coding structures for multi-entity managemen