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What is iLeasePro?

iLeasePro is a user-friendly and affordable cloud-based solution that streamlines the transition to and ongoing management of Lease Accounting in accordance with the ASC 842 Standard for Lessees. Our SaaS offering effectively handles Operating, Finance, and Short-Term leases, ensuring precise adherence to ASC 842 requirements. With iLeasePro, users can effortlessly create the necessary amortization schedules, journal entries, and financial disclosure reports that auditors require. Additionally, iLeasePro seamlessly integrates with various accounting software, facilitating the smooth transfer of journal entries into your general ledger for improved efficiency. This integration not only saves time but also enhances the accuracy of your financial reporting processes.

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

QuickBooks Online
Sage Intacct

Integrations Supported

API Availability

API Availability

Pricing Information

$99
Free for under 5 leases and Subscription pricing starts at $99/mo for up to 10 leases and increases as the number of leases increase
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

iLease Management LLC

Date Founded

2012

Company Location

United States

Company Website

www.iLeasePro.com

Company Facts

Organization Name

Black Owl Systems

Date Founded

2019

Company Location

Canada

Company Website

www.blackowlsystems.com

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
CPA Firms
General Ledger
Nonprofits
Purchase Orders

General Ledger

Not specified

Lease Accounting

Amortization Schedule
Asset Management
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management

Lease Management

Commercial Leases
Contact Management
Lease Classification
Portfolio Management
Property Management
Retail Leases
Sublease 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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