Lease102 - 2026 Pricing, Features, Reviews & Alternatives

Lease102 is a specialized FRS 102 lease accounting software platform designed specifically for small and medium-sized enterprises in the United Kingdom and Ireland. The system provides a comprehensive solution for compliance with Section 20 regulations that became mandatory for accounting periods beginning on 1st January 2026. The platform was developed by finance practitioners with extensive enterprise lease management and audit compliance experience. The solution is tailored to the needs of finance teams in retail, property, manufacturing, professional services, hospitality and accounting firms managing client lease portfolios.

At its core, Lease102 employs AI document extraction technology capable of processing PDF agreements and scanned contracts with high accuracy on standard UK formats. The system automatically extracts key information such as commencement dates, lease terms and payment escalations. Automated retrieval of live reference rates from the Bank of England SONIA and the European Central Bank €STR repositories supports the calculation of the Obtainable Borrowing Rate (OBR) in accordance with FRS 102 subsections 20.51 and 20.52. Lease liability, Right-of-Use asset, dilapidation provisions, rent review adjustments and amortization schedules are calculated with direct references to specific paragraphs of the standard.

A full 7-year audit trail records every lease modification, remeasurement and calculation change to meet Companies Act retention requirements. Role-based permissions enable finance teams to manage access and approval workflows across lease portfolios. Automated notifications alert stakeholders to upcoming lease expirations and rate changes. Native support for multiple currencies facilitates management of portfolios denominated in Pounds Sterling, Euros and US Dollars. Transition impact analysis provides insight into the effects of adoption on financial statements and debt covenants ahead of audit procedures.

Seamless integration with major accounting systems including Xero, Sage and Dynamics365 enables automatic posting of journal entries to the general ledger without manual data reentry. The platform is fully GDPR compliant and ensures strict data residency by hosting all information exclusively within UK and EU data centres. System architecture utilizes bank-level AES-256 encryption for data at rest, TLS 1.3 protocols for data in transit, and row-level isolation. Additionally, the infrastructure is maintained in conjunction with SOC 2 compliant partners to ensure continuous operational security and verifiable audit standards.