--- description: Review of Black Owl Software: system overview, features, price and cost information. Get free demos and compare to similar programs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Black Owl | Reviews, Pricing & Demos - SoftwareAdvice GB --- Breadcrumb: [Home](/) > [Lease Accounting Software](/directory/3971/lease-accounting/software) > [Black Owl](/software/362931/black-owl-lease-accounting) # Black Owl Canonical: https://www.softwareadvice.co.uk/software/362931/black-owl-lease-accounting > Black Owl is a lease accounting software that helps businesses in the finance sector monitor and manage lease contracts in accordance with IFRS 16 and ASC 842 compliance standards. The platform enables managers to record and reconcile lease adjustments as well as entries on a unified interface. Administrators can generate lease schedules, track variable costs and process payments. Additionally, it lets stakeholders gain insights into contract hierarchy and conduct audit trails using a centralized dashboard. > > Verdict: Rated **4.8/5** by 4 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.8/5** | 4 Reviews | | Ease of Use | 5.0/5 | Based on overall reviews | | Customer Support | 5.0/5 | Based on overall reviews | | Value for Money | 5.0/5 | Based on overall reviews | | Features | 4.8/5 | Based on overall reviews | | Recommendation percentage | 100% | (10/10 Likelihood to recommend) | ## About the vendor - **Company**: Black Owl Systems - **Founded**: 2020 ## Commercial Context - **Pricing Details**: Contact Black Owl Systems for pricing details. - **Target Audience**: 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based - **Supported Languages**: English - **Available Countries**: Australia, Canada, Mexico, New Zealand, United Kingdom, United States ## Features - API - Accounting - Accounting Integration - Activity Dashboard - Ad hoc Reporting - Alerts/Notifications - Amortisation Schedule - Asset Lifecycle Management - Audit Management - Audit Trail - Budgeting/Forecasting - Capitalisation Reporting - Commercial Leases - Compliance Management - Contact Database - Contact Management - Contract/License Management - Critical Date Alerts - Currency Conversion - Customer Database ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) ## Category - [Lease Accounting Software](https://www.softwareadvice.co.uk/directory/3971/lease-accounting/software) ## Related Categories - [Lease Accounting Software](https://www.softwareadvice.co.uk/directory/3971/lease-accounting/software) - [Lease Management Software](https://www.softwareadvice.co.uk/directory/3026/lease-management/software) ## Alternatives 1. [Innago](https://www.softwareadvice.co.uk/software/39547/innago) — 4.9/5 (512 reviews) 2. [Entrata](https://www.softwareadvice.co.uk/software/5223/entrata) — 4.6/5 (444 reviews) 3. [DoorLoop](https://www.softwareadvice.co.uk/software/449921/DoorLoop) — 4.8/5 (704 reviews) 4. [Rent Manager](https://www.softwareadvice.co.uk/software/1189/rent-manager) — 4.6/5 (604 reviews) 5. [ResMan](https://www.softwareadvice.co.uk/software/422601/ensoware-resman) — 4.6/5 (601 reviews) ## Reviews ### "Effortless Lease Accounting with Reliable Automation" — 5.0/5 > **Meghan** | *25 March 2026* | Financial Services | Recommendation rating: 10.0/10 > > **Pros**: Black Owl Lease Accounting Solution stands out for how intuitive and efficient it makes a typically complex process. It handles lease compliance requirements smoothly, helping users meet standards without feeling overwhelmed. The interface is clean and user-friendly, so you don’t need to be a technical expert to navigate it. It streamlines the full workflow—from lease entry through reporting—saving time and reducing the risk of manual errors. Automation is a major strength, handling calculations, amortization schedules, and journal entries with strong accuracy. Reporting is clear and audit-ready, with useful customization options. Overall, it’s a reliable solution that simplifies lease accounting and helps users feel confident in their numbers. > > **Cons**: One of the main drawbacks of Black Owl Lease Accounting Solution is that some of the reporting functionality can feel a bit limited or not as customizable as users might want. While it covers the essentials, more flexibility in formatting and deeper reporting options would make it even stronger. > > Fantastic\! Great software and the team is top notch. Ready to help with any issues at a moments notice. ----- ### "Lease Accounting Simplified" — 5.0/5 > **Scott** | *12 October 2022* | Capital Markets | Recommendation rating: 10.0/10 > > **Pros**: We are a private equity firm with 13 operating companies and over 200 leases / subleases in multiple currencies which we previously tracked manually in excel. The Black Owl software helped streamline our processes, removed the burden and frustrations of manual spreadsheets and freed up time in our month-end and quarter end. We felt well supported during the entire implementation process and have been very impressed with the ongoing customer service. The software has a great look and feel and is very intuitive to use. Creating a new lease is quick and easy and the push button reporting functions have simplified our month-end and quarterly disclosures. Being the administrator of the software, I like how straightforward adding companies and updating the master data is. Overall we have been very impressed with the software and the team at Black Owl and would recommend it to anyone whose dealing with the frustrations created by the new leasing standard. > > **Cons**: We don't have any cons to share based on our experience with the software and team at Black Owl to date. ----- ### "Review of Black Owl Lease Accounting Software" — 4.0/5 > **Terri** | *9 August 2022* | Computer Software | Recommendation rating: 10.0/10 > > **Pros**: Ease of use and quality of customer service. > > **Cons**: Improvements still needed in reporting functionality. > > Overall, our experience has been very positive. ----- ### "Black Owl Lease Accounting" — 5.0/5 > **William** | *28 September 2022* | Information Technology & Services | Recommendation rating: 10.0/10 > > **Pros**: Communication with the Black Owl team from executives down to the consulting level was easy and responses to our questions were addressed on a timely basis. Features and functionality demonstrated were either delivered out of the box during implementation or addressed very quickly at our request. > > **Cons**: Currently we are using Black Owl Leasing outside of our ERP system with the plan to integrate it fully into JD Edwards so at this time, we have to do manual journal entries until the integration is complete. > > Overall engagement with Black Owl Leasing from sales to project execution has been pleasant and as expected. Black Owl Leasing did not sell us anything that could not be delivered out of the box or provided quickly when we identified the need. ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.uk/software/362931/black-owl-lease-accounting) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data