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What is Bloomberg Tax & Accounting Leased Assets?

Compliance with ASC842 and IFRS16 has been successfully attained. Bloomberg Tax & Accounting Leased Assets manages a wide array of leased asset categories and provides complex calculations for right-of-use assets, as well as lease liabilities. Our software-as-a-service (SaaS) offering ensures accurate classification, accounting, and reporting of leased assets, adhering to the most current guidelines of IFRS 16 and ASC 842. By facilitating smooth integration with multiple ERP, GL, and AP systems, leasing solutions, and other internal platforms, we enhance operational efficiency. This empowers clients to confidently fulfill the requirements of ASC 842 and IFRS 16. Additionally, our automated lease accounting workflows significantly increase productivity while maintaining accuracy through comprehensive calculations, thereby promoting a more organized method for compliance and reporting. Ultimately, our solutions not only streamline processes but also foster a proactive approach to managing leased assets.

What is Black Owl?

Black Owl empowers finance executives in both public and private sectors to minimize compliance risks associated with ASC 842 and IFRS 16 while also achieving cost savings through expedited and precise lease accounting. Our platform has been meticulously designed to offer maximum ease of use without unnecessary steps or clicks, ensuring a thorough and all-encompassing experience. This enables effective lease management while adhering to IFRS and US GAAP standards. Our solution is crafted to align seamlessly with leading accounting practices and financial reporting guidelines, providing the capability to accurately record and reconcile all lease entries and necessary adjustments. If you are currently managing leases with Excel and seek a more powerful and user-friendly lease accounting solution, we are here to assist you in enhancing your existing system and cutting down on compliance expenses. Ultimately, our goal is to simplify your lease accounting process while ensuring full compliance and operational efficiency.

Media

Media

Integrations Supported

FundCount

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Bloomberg Tax & Accounting

Date Founded

1929

Company Location

United States

Company Website

pro.bloombergtax.com/leased-assets/

Company Facts

Organization Name

Black Owl Systems

Date Founded

2019

Company Location

Canada

Company Website

www.blackowlsystems.com

Categories and Features

Lease Accounting

Asset Management
Capitalization Reporting
Critical Date Alerts
For Equipment Leases
Payment Tracking
Portfolio Management

Categories and Features

Lease Accounting

Amortization Schedule
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Portfolio Management

Lease Management

Portfolio Management

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