Review a dilapidations estimate, then revise it

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 lease, and the absence of a review is exactly what a file review picks up.

Close Checks and your dashboard now list every dilapidations and make-good provision your reporting date covers, and say which have been looked at. The reporting date is not something you set up: it is your own financial year end, taken from the portfolio where it has one and the organisation otherwise, so a practice closing four clients with four different year ends sees the right date for each on one screen. Confirming is one click, and "Reviewed, unchanged" is a complete answer and the commonest one.

When the answer is that it has changed, Revise estimate now records it properly. A change in estimate is not an error: the standard applies it from the date you make it, the difference adjusts the right-of-use asset in the period containing that date, and earlier periods stay exactly as reported. Previously the only way to move the figure was to edit the provision, which recomputed the lease from commencement and restated everything you had already reported.

A Provision Remeasurement column appears on the schedule and in the CSV and Excel downloads, deliberately separate from Provision Unwind beside it: unwinding a discount is a finance cost and a change in estimate is not, and merging them would overstate your finance costs. Revisions compound, any of them can be withdrawn, and every one is recorded in your audit trail with the old figure, the new one, who made the change and why.

If you already receive lease expiry alerts, the same email now carries any provision owing a review.