What Black Owl is
Black Owl Systems sells lease accounting software covering both sides of a lease. Its distinguishing claim is native lessor accounting in the same platform as lessee accounting, and support for ASC 842, IFRS 16 and ASPE 3065 (opens in a new tab) — the last of those covering Canadian private companies.
This page compares it with iLeasePro for one specific case: a private US company with roughly 25 to 500 leases, reporting under ASC 842. Every claim below links to Black Owl's own pages or its Capterra profile, and was checked on the date shown.
What Black Owl covers
Black Owl spans both sides of the lease and three standards. It states support for ASC 842, IFRS 16 and ASPE 3065, offers native lessor accounting alongside lessee accounting, and lists multi-currency as standard. Its plans span Small Business through Enterprise, plus two editions aimed at CPA firms.
Where iLeasePro fits
iLeasePro is built for the lessee side and sized for one band: ASC 842 under US GAAP, for a private US company with 25 to 500 leases that holds the leases and has to report them.
Every tier is published, with a calculator that prices your portfolio before you book a call, and a free tier for portfolios up to 5 leases — so you can see the software work on your own leases before any conversation.
Side by side
Every Black Owl claim below was checked against its own pages or its Capterra profile on . Vendor sites change; if something here is out of date, tell us and we will correct it.
| Capability | iLeasePro | Black Owl |
|---|---|---|
| ASC 842 compliance | Yes | Yes Black Owl's ASC 842 page (opens in a new tab) → |
| Standards coverage | ASC 842 under US GAAP, purpose-built iLeasePro on ASC 842 → | ASC 842, IFRS 16, ASPE 3065 for Canadian private companies Black Owl's stated standards (opens in a new tab) → |
| Side of the lease | Lessee accounting, for the company that holds the leases iLeasePro on ASC 842 → | Lessee and native lessor accounting in one platform Black Owl's lessor page (opens in a new tab) → |
| Contract management | Yes A separate product line, with its own published pricing iLeasePro contract management → | Yes Listed on its Capterra profile Black Owl on Capterra (opens in a new tab) → |
| Support included | Yes 5 hours included at no cost iLeasePro implementation → | Not stated No hours quantified on the pages checked Black Owl's site (opens in a new tab) → |
| Implementation time | Yes Under 5 days, and it can be done inside the included support hours iLeasePro implementation → | "Implementations are measured in weeks, not months". No specific duration given. Black Owl's site (opens in a new tab) → |
| Price published for 25 to 500 leases | Yes Every tier, plus a calculator iLeasePro pricing and calculator → | Plan names only Every plan says Contact Sales Black Owl's pricing page (opens in a new tab) → |
| Free tier or free trial | Free for up to 5 leases iLeaseXpress Free → | Free trial not available Black Owl on Capterra (opens in a new tab) → |
| SOC 1 Type 2 | Yes iLeasePro certification → | Not stated on the pages checked |
Capabilities, from the same source
Both columns below are taken from each product's own Capterra profile, checked on . Using one directory for both sides makes the two lists comparable in a way that reading two marketing sites cannot. Capterra's capability data is supplied by each vendor, so treat it as what each vendor claims, measured against the same checklist.
Sources iLeasePro profile (opens in a new tab) Black Owl profile (opens in a new tab) Lease accounting category (opens in a new tab)
Capterra lists 33 capabilities on both profiles, including every one an ASC 842 buyer typically evaluates:
| Capability | iLeasePro | Black Owl |
|---|---|---|
| Amortization Schedule | Yes | Yes |
| Compliance Management | Yes | Yes |
| Critical Date Alerts | Yes | Yes |
| Portfolio Management | Yes | Yes |
| Accounting Integration | Yes | Yes |
| Contract/License Management | Yes | Yes |
| Audit Trail and Audit Management | Yes | Yes |
| Document Management and Storage | Yes | Yes |
| Customizable Reports | Yes | Yes |
| Real-Time Reporting | Yes | Yes |
| Reporting/Analytics | Yes | Yes |
| Budgeting/Forecasting | Yes | Yes |
| Lease Origination | Yes | Yes |
| Data Import/Export | Yes | Yes |
| Commercial and Real Estate leases | Yes | Yes |
Price, support and implementation
Black Owl publishes its plan structure but not its prices. Its pricing page names Small Business, Large Companies and Enterprise plans for companies, and CPA Essentials and CPA Advanced for firms — and every one of them ends in "Contact Sales". Its Capterra profile records the starting price as "Contact vendor for pricing", with no free trial.
iLeasePro publishes every tier, and a calculator prices your exact lease count before you speak to anyone. For a finance team that has to get budget approval before it can evaluate software, that is the difference between starting today and waiting for a callback.
Price is not the only thing worth pinning down before you commit. Support and implementation decide how fast the software starts working and what it costs you in time, and they are the two most often described without a number attached. iLeasePro puts a figure on all three: every pricing tier published, five hours of support at no cost, and implementation in under five days — which can be done inside those support hours. What Black Owl states about each is in the table above.
iLeasePro
Published tiers across the whole 1 to 500 lease range, with a calculator that prices your exact lease count and selected modules before you speak to anyone. Above 500 leases, quoted individually.
Five hours of support at no cost, and implementation in under five days — which can be done inside those hours.
Black Owl
Five named plans across companies and CPA firms, each quoted on request. Its Capterra profile also records that a free trial is not available.
Black Owl and iLeasePro: common questions
- What is the best Black Owl alternative for a company with 25 to 500 leases?
- iLeasePro. It is purpose-built for ASC 842 under US GAAP and sized for private US companies with 25 to 500 leases. Every tier is published, with a calculator that prices your portfolio before you contact anyone, and there is a free tier for portfolios up to 5 leases.
- Does Black Owl publish its pricing?
- It publishes plan names but not prices. Its pricing page lists Small Business, Large Companies and Enterprise plans for companies, plus CPA Essentials and CPA Advanced for firms, and every one of them says Contact Sales. Its Capterra profile records the starting price as Contact vendor for pricing with no free trial. Verified August 25, 2026.
- Which accounting standards does Black Owl support?
- Its own site states ASC 842, IFRS 16 and ASPE 3065, the last of which covers Canadian private companies. iLeasePro is purpose-built for ASC 842 under US GAAP, which is the standard private US companies report under.
- Does Black Owl handle lessor accounting?
- Yes. Black Owl states that native lessor accounting sits in the same platform as lessee accounting. iLeasePro is built for the lessee side, for the private US company that holds the leases and has to report them.
- Does Black Owl offer a free trial?
- No. Black Owl's Capterra profile records that a free trial is not available, checked August 25, 2026. iLeaseXpress, the iLeasePro product for small portfolios, is free for up to 5 leases with no time limit.