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News
Every release, dated and in one place. The platform improves weekly; this page is the record.
Subscribe via RSS26 Aug 2026
A lease that says "the rent then payable multiplied by 1.03 on each anniversary" states a rule, not a rent. Until now the increases only reached your figures if the extraction had written the resulting levels out, or…
Read the full update26 Aug 2026
Initial direct costs increase the right-of-use asset, so a figure entered there is capitalised and depreciated for the life of the lease. Until now the screen said what the category does to your figures, and nothing…
Read the full update26 Aug 2026
A dilapidations provision measured at present value produces charges in your profit and loss account each year: the unwinding of the discount, and any revision taken to profit or loss. The Tax Computation Extract…
Read the full update26 Aug 2026
FRS 102 requires a provision to be reviewed at each reporting date and adjusted to the current best estimate. A dilapidations figure entered when the lease was set up would otherwise sit untouched for the life of the…
Read the full update26 Aug 2026
FRS 102 fixes a lease's discount rate to one particular day. A lease already running when the new rules start for you is measured at the rate for that date, whatever year it began (para 1.51(a)). A lease commencing…
Read the full update26 Aug 2026
The opening balance for a lease you have transitioned is measured at your transition date over the payments still due after it. Change one of those payments and that balance no longer matches the lease. Correcting the…
Read the full update24 Aug 2026
Posting a period used to leave out the opening amounts unless you ticked a box: the transition opening for a lease you have transitioned, and the initial recognition for a lease that commenced in the period. Off by…
Read the full update24 Aug 2026
A lease that pays quarterly used to produce accounting entries only in the months it paid. Two months in three carried no interest and no depreciation at all, which makes a set of management accounts read as though the…
Read the full update23 Aug 2026
If you post a period to Xero and then find something wrong with it, you no longer have to unpick it by hand. Open Posting history on the Reports page, or a connection's history in Settings. Each posting now shows one…
Read the full update22 Aug 2026
On the rare occasion Lease102 staff change something in your organisation at your request, that change is now clearly labelled "Lease102 support" in your audit trail, and the CSV and Excel audit exports carry a matching…
Read the full update22 Aug 2026
A lease whose rent is recorded as a timeline, meaning a reduced opening rent, rent-free months, or stepped uplifts, can now be moved onto a Quarter Day payment calendar directly from the lease edit form. Set the…
Read the full update21 Aug 2026
The rent payment day now works for quarterly leases that pay on a fixed day of the month, alongside monthly and annual. Leases paying on the English or Scottish Quarter Days continue to use the Quarter Day calendar…
Read the full update20 Aug 2026
FRS 102 asks for a discount rate for each lease at the transition date, and only permits one shared rate across leases that are genuinely similar, for example a group with a similar remaining term for the same class of…
Read the full update19 Aug 2026
When a lease is modified, for example a rent review under an index or an agreed change to the term, Lease102 remeasures the outstanding liability at the date the change takes effect, and the schedule shows a step change…
Read the full update19 Aug 2026
Bringing existing leases onto the balance sheet is a one-off exercise, and the first time through it is easy to enter a rate or a date you later want to change. Recalculate now shows its workings. Before you begin, an…
Read the full update18 Aug 2026
Many leases do not charge one flat rent for the whole term. A renewal may begin on a reduced rent for a few months, a new letting may open rent-free, and the rent may step up on pre-agreed review dates. Lease102 now…
Read the full update17 Aug 2026
A lease is rarely a single document. Renewal notices, variation letters, rent review memoranda and photographic schedules of condition all belong with the agreement they relate to, and until now Lease102 had nowhere to…
Read the full update17 Aug 2026
When you upload a document, Lease102 checks it before extracting anything. A document that is not a lease and has no payment schedule, such as a tenancy renewal notice or a variation letter, is declined with an…
Read the full update17 Aug 2026
A lease that starts before your FRS 102 transition date and runs past it needs a one-off transition calculation. Until that is done, its schedule and reports are still measured from the lease start date, which is not…
Read the full update14 Aug 2026
Property leases often carry no unique contract number, and the address on the document is the only thing identifying the property. The lease list showed the reference and the landlord, and searching matched only those…
Read the full update14 Aug 2026
A vehicle contract hire is usually quoted as an "X + Y" profile: an initial rental worth several months paid up front, then a number of monthly rentals. Lease102 already captured the initial rental. It now also captures…
Read the full update11 Aug 2026
The Audit Trail already recorded who changed what and when, with a field-by-field before-and-after comparison for every edit. Finding one lease's history among everything else, though, meant scrolling. There is now a…
Read the full update11 Aug 2026
Some leases pay rent monthly in arrears on the last day of each calendar month. Setting the rent payment day to 31 now means exactly that: payments fall on 31 October, 30 November, 30 April, and on 28 or 29 February…
Read the full update11 Aug 2026
When a lease starts or ends part-way through a month, the broken period is charged as a fraction of the rent, and there is more than one accepted way to work that fraction out. Lease102 used the monthly rent multiplied…
Read the full update08 Aug 2026
If you use the Organisation dropdown to point Lease102 at a different company in your accounting system, your nominal codes no longer follow you across. Until now they did. Lease102 recorded which codes you had chosen…
Read the full update08 Aug 2026
In Xero each lease posts as its own journal, and the narration is the text that tells you which lease it is: it shows in the manual journals list and in front of every line when you open a nominal. Sage and Business…
Read the full update08 Aug 2026
A portfolio can now be marked "Export only", which leaves its leases out of every live posting to your accounting system whilst still including them in the CSV and Excel journal exports. This is for a specific and…
Read the full update08 Aug 2026
A portfolio's discount rate can now be left blank, and blank is often the right answer. Creating a portfolio used to mean entering a rate before you could save it, and that rate was then applied to every lease you…
Read the full update02 Aug 2026
The total cash outflow for leases, which FRS 102 asks you to disclose, was understating the amount for leases that pay in advance. The figure will increase for some periods, and we would rather tell you plainly than let…
Read the full update02 Aug 2026
FRS 102 lets you choose not to recognise a short-term lease, or a lease of a low-value asset. Until now Lease102 had the ticks on the lease form but they did nothing. Ticking either now stops the lease being measured…
Read the full update02 Aug 2026
Prompted by vehicle contract hire agreements, which read very differently from property leases. The panel listing every recurring payment a document defines now splits amounts payable to the lessor from your own costs…
Read the full update02 Aug 2026
Nominal codes can be set for a single portfolio, so different parts of your business can post to different accounts. Until now those codes were only visible in Settings, behind a scope selector, and the portfolio page…
Read the full update27 Jul 2026
You can now keep a sub-lease or a licence you grant as the landlord on the Lease102 register, so your whole property estate sits in one place. Set the Classification when adding one manually, or use "Record as" on the…
Read the full update22 Jul 2026
Disconnecting and reconnecting Xero, Sage or Business Central creates a new connection, and your GL account mappings used to stay behind with the old one, so the mapping screen came back empty and had to be filled in…
Read the full update21 Jul 2026
Close Checks now has the same Portfolio selector as the other reports. Choose a portfolio and the whole run is limited to it: the expected journals, the posted and not-posted reconciliation, the data-quality checks, and…
Read the full update20 Jul 2026
The journal recognising a new lease carried two lines: the asset debit and the liability credit. On a lease whose asset cost also includes initial direct costs, a dilapidations provision or incentives received, those…
Read the full update19 Jul 2026
A restoration obligation settled at the end of the lease is now capitalised into the right-of-use asset at its present value rather than the undiscounted estimate, as FRS 102 requires where the time value of money is…
Read the full update19 Jul 2026
Where a Quarter Day lease ends part-way through a quarter, the last instalment before the end would otherwise buy cover running past the end of the lease. Lease102 previously left it out altogether unless the schedule…
Read the full update18 Jul 2026
Every PDF and Word upload is now checked before a draft is created. A document that is not a contract at all, or has no payment obligations, or no determinable term, is not extracted. You get a clear explanation of what…
Read the full update16 Jul 2026
The definition of "Rent" in a commercial lease often bundles more than the premises rent. Import now captures fixed additional rents reserved as part of the Rent and payable with it, such as a car park, storage or…
Read the full update13 Jul 2026
Reports, then Disclosure Notes, now produces for any period: interest expense on lease liabilities, total cash outflow for leases, the discount rate types you used with the proportion of the liability measured on each…
Read the full update09 Jul 2026
You can now see everything we ship without waiting for an email. lease102.co.uk/news lists every published release note, newest first, readable without logging in, with an RSS feed at /news/feed.xml. The in-app bell…
Read the full update09 Jul 2026
Every price on our website, the pricing page and the in-app billing screens now carries a "+ VAT" label, in line with normal practice for UK business software. VAT is added at checkout at the prevailing rate where it…
Read the full update04 Jul 2026
Close Checks, under Reports, works out every journal a period expects and reconciles it against what you have actually posted, whether that went through a live connection or an export you posted by hand. Each lease…
Read the full update24 Jun 2026
The mandatory FRS 102 Section 20 lease changes are now live (effective January 2026). This release helps you enter lease data faster, move operating leases onto the balance sheet, and hand auditors a ready-made file…
Read the full update01 May 2026
Stepped rent now anchored to your exact tier dates When a lease has multiple rent tiers (e.g. £1,000/month for years 1–2, then £1,200/month thereafter), Lease102 now anchors the XNPV and amortization payments to the…
Read the full updateEverything above is live in the product today. The 14-day free trial takes an afternoon; no card needed.
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