Black Owl Lease Accounting

Thank you, #PNPTC, for the incredible opportunity and support. We are grateful for your guidance in helping us deliver a more effective solution for CFOs and finance teams who need to comply with #ASC842 and #IFRS16. We value your mentorship and look forward to continuing our mission of driving efficiency, accuracy, and cost savings in lease accounting.

Overcome Lease Accounting Challenges with Black Owl Navigating the complexities of lease accounting can be overwhelming. Does any of this sound familiar? ✔ Persistent audit queries on your lease accounting ✔ Month-end time crunch leading to deferred lease modifications ✔ Complications consolidating multiple lease agreements ✔ Manual journal entries bogging down your ERP ✔ Struggles with generating disclosure reports manually ✔ Multi-currency transactions creating confusion ✔ Gaps in compliance with US GAAP & IFRS standards ✔ Managing multiple coding structures across different ERPs ✔ Incomplete lessor accounting features (or none at all!) If you said "yes" to any of these, Black Owl can help. Our lease accounting solution simplifies your processes, eliminates manual tasks, and ensures full compliance. Let us take the complexity off your plate. 💬 Let’s connect to explore how Black Owl Lease Accounting can streamline your lease accounting. #LeaseAccountingMadeEasy #ASC842 #IFRS16 #FinanceTransformation #AuditReady

💡 Did you know? Under ASC 842 or IFRS 16, if you plan to purchase the asset at the end of the lease, you can depreciate it over the asset’s entire useful life rather than just the lease term. This strategy can: ✅ Reduce expenses 📈 Increase profits ✔️ Ensure proper compliance However, not all lease accounting solutions are designed to handle this approach effectively. That is where the Black Owl difference comes in. Our platform is built to optimize lease accounting while ensuring you stay aligned with the most effective financial practices. Interested in learning more? Let’s start the conversation and explore how Black Owl can elevate your lease accounting. #LeaseAccounting #ASC842 #IFRS16 #FinanceTransformation #BlackOwlDifference #AccountingSolutions

Are You Still Manually Coding Journal Entries from Your Lease Accounting System into Your ERP? As most accountants are now in year-end, teams everywhere are under pressure to close the books accurately and on time. Yet, many accountants are still stuck manually coding journal entries from their lease accounting system into their ERP. Manual processes slow you down, increase the risk of errors, and create unnecessary stress during the busiest time of the year. It does not have to be this way. Black Owl’s lease accounting software eliminates manual journal entries entirely, seamlessly integrating with your ERP. The result? Faster closes, reduced risk, and more time to focus on value-added activities. Stop letting outdated processes hold you back. This year-end, take control of your lease accounting with automation you can trust. #YearEnd #LeaseAccounting #FinanceTransformation

  🎄 🎅 Accounting Fun Facts – Holiday Edition! 🎅 🎄 As the holiday season approaches, we are wrapping up our series with a festive twist. This week’s fun facts explore the connection between accounting and Christmas traditions. Let’s celebrate the holidays with some accounting cheer! 1️⃣ Accountants Love Festive Socks 🧦 A survey of accountants revealed that holiday-themed socks are among their favourite gifts. It's a small but cheerful way to bring joy to year-end work. 2️⃣ Christmas Trees🎄 Live Christmas trees grown for sale are usually considered short-term biological assets or inventory. These trees are typically measured at cost or at fair value less costs to sell, and revenue is recognized once they are sold, instead of being depreciated over time. 3️⃣ Christmas Savings History Early savings clubs were designed by accountants to help families budget for holiday expenses. 💰 4️⃣ The Fiscal Year-End Rush Many companies end their fiscal year in December, and most non-accountants think the holidays are the busiest time for accountants. We all know the fun starts in January!! 🥳 5️⃣ Santa's Workshop Would Need Extensive Accounting 🎅 Imagining Santa's North Pole operations; toy production, elf payroll, and global distribution would require a sophisticated accounting system to track assets, liabilities, and expenses. SAP anyone? ⌨️ Thank you for joining us for these accounting fun facts. We appreciate our clients and friends of Black Owl for your trust and partnership, and we hope this added a bit of cheer to your day. Which Christmas fact brings you the most holiday spirit? Let us know below, and have a joyous holiday season! #HappyHolidays #MerryChristmas #AccountingIsAwesome #BlackOwlInsights

🎉 It’s Time for Another Dose of Fascinating Accounting Trivia! This week, we are diving into the world of famous accountants and the connection between the accounting and entertainment industries. 💡 5 Fun Facts for Week 3: 1️⃣ Mick Jagger Studied Accounting Before rocking the stage as the legendary frontman of The Rolling Stones, Mick Jagger studied accounting and finance at the London School of Economics. 2️⃣ Bigger Than Hollywood The accounting industry generates more annual revenue than the global movie industry. 🎥 💼 3️⃣ The First Recorded Name in History Was an Accountant The earliest written records—accounting ledgers from ancient Mesopotamia—feature the name "Kushim," an accountant who tracked transactions on clay tablets over 5,000 years ago. 4️⃣ Bob Newhart’s Accounting Beginnings Before becoming a comedy icon, Bob Newhart worked as an accountant at United States Gypsum. Proof that accountants have a great sense of humour! 🤣 5️⃣ John D. Rockefeller and J.P. Morgan’s Accounting Roots John D. Rockefeller, the world’s first billionaire, started as an assistant bookkeeper. Similarly, J.P. Morgan began his journey as an accountant before shaping the world of finance. Join the conversation and share a story about your favourite accountant! Don’t forget - next week is our final post, and it’s Christmas - themed. You won’t want to miss it!   #AccountingIsAwesome #FunFacts #BlackOwlInsights

🎉 Accounting Fun Facts – Week 2! 🎉 We are back with another batch of fascinating insights into the accounting world. Whether you’re an industry pro or just curious, these facts show how accounting impacts everything - from decimal points to Hollywood. Let’s dive in! 1️⃣ Decimal Points Revolution: Accountants helped popularize the use of decimal points in financial calculations during the 1500s. 2️⃣ Boston Tea Party Link: The Boston Tea Party of 1773 was, in part, a protest against improper taxation accounting practices. 🫖 3️⃣ The First Accounting Machine: William Burroughs invented the adding machine in 1885, revolutionizing accounting technology. 4️⃣ Green Eyeshades: Accountants in the early 20th century wore green eyeshades to reduce glare from gas lamps. 😎 5️⃣ Bubble Gum Was Invented by an Accountant: In 1928, Walter Diemer, an accountant for the Fleer Chewing Gum Company, invented bubble gum while experimenting with gum recipes in his spare time.🍬 Do you know of any accountants or figures in accounting history who have made an unexpected impact like these? Share their stories or contributions in the comments! See you next week for more fun facts. Same time, same place! #AccountingIsAwesome #FunFacts #BlackOwlInsights

🎉 Get Ready for Some Accounting Fun! 🎉 Hey LinkedIn followers, We’re kicking off a four-week series to bring a little excitement to your feed with Accounting Fun Facts! 🧾✨ Each week, we’ll share five interesting, quirky, or downright surprising tidbits about the world of accounting. From ancient Mesopotamian tablets to modern-day Fortune 500 CEOs with accounting roots, you’ll discover how our profession has shaped history, innovation, and even holiday traditions! Here are this week’s 5 Fun Facts: 1️⃣ The Origin of Accounting: Accounting dates back over 7,000 years to ancient Mesopotamia, where clay tablets recorded transactions. 2️⃣ Luca Pacioli’s Legacy: Known as the "Father of Accounting," Luca Pacioli introduced the double-entry bookkeeping system in 1494. 3️⃣ Accountants’ Day: International Accounting Day is celebrated on November 10th, honouring Luca Pacioli's publication on double-entry bookkeeping (who else missed it like me? 🙋🏻♂️ ) 4️⃣ Women in Accounting: Born in Nova Scotia, Canada 🇨🇦 around 1873, Christine Ross became the first female CPA in the United States 🇺🇸 in 1899. 5️⃣ Spreadsheet Pioneer: LANPAR the first electronic spreadsheet software, starting the revolution of accounting in 1969 and paving the way for Excel (and our love-hate with spreadsheets 😵💫 ) What’s your favourite fact from this list? Let us know in the comments! Stay tuned for more form the Black Owl Lease Accounting team. See you next week for more fun facts! #AccountingIsAwesome #FunFacts #BlackOwlInsights

Why CFOs Prioritize Speed to Value For CFOs and finance leaders, implementing new systems is often a balancing act: delivering value quickly while ensuring compliance, accuracy, and long-term sustainability. This is especially true in lease accounting, where the complexity of ASC 842 and IFRS 16 compliance can lead to: ✖ Lengthy implementation timelines. ✖ High manual effort for journal entries and reporting. ✖ Delays in month-end close and strategic decision-making. At Black Owl, we have designed our platform to address these challenges head-on. Here's how: ✔ Fast Deployment – Our implementation process is efficient, allowing teams to go live quickly without sacrificing accuracy. ✔ Ease of Use – Intuitive interfaces reduce the learning curve, empowering teams to operate effectively from day one. ✔ Immediate ROI – Automation reduces manual effort by over 80%, giving teams more time to focus on higher-value tasks. CFOs who prioritize speed to value not only meet today’s demands but also position their organizations for future success. 🛠 If you are evaluating lease accounting systems, consider how quickly you can achieve results with the right solution. Ready to explore your options? Let’s connect to discuss how Black Owl delivers speed to value. #LeaseAccounting #FinanceLeadership #ASC842 #IFRS16 #SpeedToValue #BlackOwl

🌲 Sharpen before you chop. A new client recently shared a great analogy: they compared lease accounting to two lumberjacks in the woods. One pauses to sharpen his axe and oil his chainsaw; the other just keeps chopping with a dull blade, working harder, not smarter. In lease accounting, as in forestry, investing in the right tools saves time, increases accuracy, and reduces wasted effort. With the right system, finance teams can avoid the grind of manual workarounds and focus on what matters. In today’s complex landscape, why keep hacking at the same problems? There’s a better way. Reach out to Black Owl Lease Accounting to learn more. #LeaseAccounting #FinanceInnovation #WorkSmarter #BlackOwl