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FRS 102 Section 20 Compliance Platform
Now in effect for accounting periods beginning on or after 1 January 2026. AI document extraction, live SONIA and OBR rates, audit-ready FRS 102 journals, and exports to Xero, Sage, and Dynamics 365. From £20 per month.
No credit card. Built in the UK for UK SMEs and accountants.
Six things that turn a spreadsheet workaround into compliant FRS 102 lease accounting.
Every input, every report, every disclosure maps directly to a FRS 102 Section 20 paragraph. No mapping spreadsheet to other standards, no edge cases left to interpret.
Pull the daily SONIA (UK) and €STR (Ireland) rate, add your credit spread, and the obtainable borrowing rate is ready. No manual rate lookup, no spreadsheet drift.
Upload the lease agreement. The AI returns the commencement date, term, payments, escalation clauses, and break options, ready for review. Around 95 percent accurate on standard UK leases.
Calculate transition adjustments at 1 January 2026 with a single click. Lease102 measures the liability at the OBR on that date and the ROU asset using the option you choose.
Map your chart of accounts once. Every period, export the journal lines straight into Xero, Sage 50 / 200, or Dynamics 365 Business Central. No re-keying.
Every calculation is auditable: input snapshot, version history, and a reconciliation back to FRS 102 paragraphs. Disclosure reports are pre-formatted for the notes to the accounts.
Why Lease102
Spreadsheets don't scale. Generic software lacks UK-specific logic. See how Lease102 compares.
| Feature | Spreadsheets | Generic Software | Lease102 |
|---|---|---|---|
| FRS 102 specific calculations | Manual | ||
| Live SONIA/€STR rates | |||
| OBR calculation support | |||
| Audit trail | |||
| AI document extraction | |||
| FRS 102 disclosure reports | |||
| Modification tracking | Manual | ||
| Termination & impairment | Manual | ||
| Expiration alerts | |||
| Journal entry generation | Manual | ||
| UK/Ireland optimised | |||
| Data hosted in UK/EU | |||
| Data abstraction (25 leases) | 100 hours / £5,000 | 100 hours / £5,000 | 12 hours / £625 |
| Software (25 leases/year) | "Free" | £2,000+ | £490 |
Plans & Pricing
Every formula references FRS 102. Every calculation is auditable. Every journal entry is defensible. From £200/year.
14-day free trial with Professional features
For single-location businesses
For growing businesses
Everything in Starter, plus:
No credit card required · 14-day free trial · Cancel anytime
All plans include: FRS 102 calculations • Modifications & terminations • 7-year audit trail • Export to Excel/CSV • ERP integrations • Email alerts • Chatbot support • Live reference rates (SONIA & €STR)
The best FRS 102 lease accounting software for UK SMEs is one that handles Section 20 natively rather than treating it as a tweak to IFRS 16. That means built-in obtainable borrowing rate (OBR) support, live SONIA reference data, modified retrospective transition, and disclosure reports formatted for the FRS 102.20 notes. Lease102 is purpose-built for that, starting at £20 per month, against legacy enterprise tools that start at £3,000 per year.
Yes. Lease102 is built for UK SMEs from 1 lease (Starter, £20 per month) up to 100 leases (Professional, £99 per month), with an Enterprise tier above. Small businesses get the same FRS 102 calculation engine, AI document extraction, audit trail, and ERP exports as larger users, just at a lower price point. No long-term contract.
Yes. Lease102 is industry-agnostic for FRS 102 reporters. Manufacturing firms with vehicle and equipment leases, retailers with property portfolios, and professional-services firms with office leases all use the same calculation engine. Asset-class tagging lets you group leases by type (property, vehicles, equipment, IT) for reporting.
FRS 102 Section 20 puts almost all leases on the balance sheet. A spreadsheet can model one lease, but for any portfolio of three or more leases the present-value, ROU asset, depreciation, modification, and disclosure calculations grow combinatorially. Dedicated software pays for itself the first time a rate review or term change forces a remeasurement.
Yes. Upload a CSV or Excel file and map your columns to Lease102 fields once. We support batch import on the Growth plan and above, so you can move an existing portfolio in under an hour.
Lease102 starts at £20 per month for up to 5 leases (Starter), £49 for up to 25 (Growth), £99 for up to 100 (Professional), and custom for larger portfolios (Enterprise). Competitors typically start at £3,000 per year. See full pricing below.
Yes. Index changes, rent reviews, term extensions, scope reductions, and full remeasurements are all supported, with the correct discount-rate treatment per FRS 102.20.54-58 applied automatically.
Yes. The Professional and Enterprise plans support multi-tenant access with role-based permissions, so an accountant can manage several client portfolios from one login.