FRS 102 Section 20 Compliance Platform
Buying FRS 102 Lease Accounting Software: Pricing, Features, and Comparison
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 + VAT.
No credit card. Built in the UK for UK SMEs and accountants.
Built for FRS 102, not adapted to it
Six things that turn a spreadsheet workaround into compliant FRS 102 lease accounting.
Built for FRS 102 Section 20, not generic 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.
Live SONIA and €STR for the OBR
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.
AI extraction from your real lease PDFs
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.
Modified retrospective transition, automated
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. Bulk-calculate many leases at once, with AI-extracted prepaid and accrued rent per lease, and download an auditor-ready Transition Memo (PDF) and aggregate Schedule (PDF / CSV) for the audit file.
Journal entries that drop into Xero, Sage, and Dynamics 365
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.
Audit trail and FRS 102 disclosures, ready to file
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
Compare your options.
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 | ||
| One-click month-end close checks (no ERP required) | |||
| AI answers from your own figures | |||
| UK/Ireland optimised | |||
| Data hosted in UK/EU | |||
| Data abstraction (25 leases) | 100 hours / £5,000 | 100 hours / £5,000 | AI extraction – included |
| Software (25 leases/year) | "Free" | £2,000+ | £490 + VAT |
Plans & Pricing
Enterprise-grade compliance.
SME-friendly pricing.
Every formula references FRS 102. Every calculation is auditable. Every journal entry is defensible. From £200/year + VAT.
14-day free trial with Professional features
Starter
For single-location businesses
- 5 active leases
- 2 team members
- 5 AI extractions/month
- Email support
Growth
For growing businesses
Everything in Starter, plus:
- 25 active leases
- 5 team members
- 25 AI extractions/month
- Batch import
Need more? Add £100/year + VAT per 5 extra leases. No tier jump. Your monthly AI extraction allowance remains the same.
Professional
For established businesses
Everything in Growth, plus:
- 75 active leases
- 10 team members
- 100 AI extractions/month
- Multi-currency support
- FRS 102 transition (modified retrospective)
- Bulk Calculate for many leases at once
- Auditor-ready Transition Memo + Schedule (PDF/CSV)
- Visual source matching on AI extraction
- Close Assistant: one-click close checks and live AI portfolio answers
Need more? Add £100/year + VAT per 5 extra leases. No tier jump. Your monthly AI extraction allowance remains the same.
No credit card required · 14-day free trial · Cancel anytime
All plans include: FRS 102 calculations · Modifications & terminations · 7-year audit trail · CSV/XLSX export · ERP integrations · Email & chat support · Live SONIA & €STR rates
Your first transition can be handled for you at a published fixed fee, separate from your subscription. See the Transition Service.
Prices exclude VAT. Where applicable, VAT is added at checkout at the prevailing rate (currently 20% in the UK). Lease102 is supplied to businesses only.
Frequently asked questions
What makes Lease102 different from other FRS 102 software?
Lease102 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, with published pricing from £20 per month + VAT, against legacy enterprise tools that start at £3,000 per year. For a neutral comparison of the main tools, see our buyer's guide.
Is Lease102 suitable for small businesses?
Yes. Lease102 is built for UK SMEs from 1 lease (Starter, £20 per month + VAT) up to 100 leases (Professional, £99 per month + VAT), 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.
Does Lease102 work for industries like manufacturing, retail, or property?
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.
Why do I need dedicated FRS 102 lease accounting software?
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.
Can I import existing leases from an Excel spreadsheet?
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.
How much does FRS 102 lease accounting software cost?
Lease102 starts at £20 per month + VAT for up to 5 leases (Starter), £49 + VAT for up to 25 (Growth), £99 + VAT for up to 100 (Professional), and custom for larger portfolios (Enterprise). All prices exclude VAT. Competitors typically start at £3,000 per year. See full pricing below.
Does it handle lease modifications and remeasurements?
Yes. Index changes, rent reviews, term extensions, scope reductions, and full remeasurements are all supported, with the correct discount-rate treatment per FRS 102.20.70-20.73 applied automatically.
Is it suitable for accountants managing multiple clients?
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.