FRS 102 Section 20 Leases is Set to Change
Simplify Lease Accounting Compliance with Confidence
Lease accounting is undergoing significant changes, directly impacting UK SMEs in how they account for operating leases across premises, vehicles, and essential business equipment.
Our lease accounting transition solutions go beyond general advice, delivering expert guidance with a sharp focus on real-world implementation.
We empower UK accountants to achieve compliance with confidence, reducing reliance on external support while saving time and money.
Don’t wait until 2026—your 2025 lease position is crucial for ensuring accurate 2026 opening balances.
Overcome Your Biggest Challenges &
Unlock Growth Opportunities
MSP Partners:
Opportunity to Expand Your Range of Services
Open new revenue streams as your clients prepare for upcoming compliance changes.
Trust our Knowledge Hub to help you deliver new, value-added compliance services. Saving you time and money as you establish your processes.
Leverage AI-powered lease compliance software to automate lease management, boosting productivity while lowering costs.
Accountancy Practices:
Effective Client Service Solutions
Changes to lease accounting equally affect accountancy practices in the delivery of client services.
Utilise the Knowledge Hub to ensure a robust, cost-effective rollout and stay ahead as you align with the new standard.
Leverage AI-powered lease accounting software to automate the lease management processes—enhancing productivity while lowering expenses.
Businesses Reporting under IFRS 16:
Frustrated with Your Current Solution?
Take charge—don’t delay any further if you’re struggling with compliance, lease modifications, or portfolio management.
Make a decisive move, revisit your options, and unlock the power of advanced lease management solutions.
Strengthen your expertise, build on your skills, and leverage our Knowledge Hub to make a meaningful impact.
UK SME Financial Controllers:
Are You Ready for this Compliance Change?
The inclusion of operating leases presents a significant challenge—it’s not just a numbers exercise. Managing this transition requires a mix of technical expertise, project coordination, and data management.
Unlike finance leases, operating leases come with added complexities, particularly in handling future updates. Planning ahead is crucial.
Your 2025 lease position will directly impact your 2026 opening balances. Explore our Knowledge Hub for a complete guide to successful implementation.
Navigate To the Right
Business Solution
Minimise Workload Impact
Specialist software, adopted by 80% of businesses, reduces the workload associated with lease modifications and compliance. Benefit by freeing up your team to focus on higher-value tasks.
Efficiency Through Simplified Solutions
Outsourcing lease accounting to a managed service provider (MSP) improves resource efficiency, allowing the MSP to handle the complexities while ensuring compliance with regulatory standards.
Plan Ahead for Long-term Compliance
Take proactive steps now to build a future-proof solution. Plan ahead to prepare your lease accounting system for future lease modifications, minimising manual adjustments whilst ensuring compliance.
Six Expert Tips to Avoid
Common Mistakes
Leverage our expertise to confidently navigate the complexities of lease accounting and minimise the risk of costly lease compliance mistakes.
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Managing a few leases or hundreds? Find the right fit for your business needs
UK SMEs
Specialist Software for
In-house Solutions or Outsourcing options
Accounting Practices
Client Services utilising Specialist Lease
Accounting Software
IFRS Businesses
Now utilise
Specialist Software or Outsourcing Options
MSPs
Expanding Client
Services utilising
Specialist Software
Access Proven Knowledge Resources
Gain immediate access to our Knowledge Hub, featuring resources developed by experts with firsthand experience in international business. Save time and effort by using practical, field-tested solutions.
Start making your case now
The 2026 deadline can be misleading—2025 lease positions will be required first. Highlight this to management while you have the luxury of time, as the additional workload may impact your work-life balance.
Coordinate Ahead for a Smooth Transition
Coordinating between various stakeholders takes time. Reduce your stress and maintain your professional integrity by planning ahead, so you’re not scrambling at the last minute.
Benefit from Our Expertise: The Knowledge Hub
Our Hub provides a comprehensive review of lease accounting options, a step-by-step implementation plan with clear project milestones, right-of-use lease accounting template, guidance on transition accounting, and expert insights rooted in specialised insider knowledge.
Designed for confident implementation while managing your daily responsibilities, it keeps disruption to a minimum—without requiring endless hours of your time.
Unless your lease portfolio is small, we strongly recommend using specialist software to maintain compliance and simplify managing future lease modifications resulting from contractual leases.
Choose the Solution That Best Fits Your Business Needs
Specialist leasing software is a proven solution for managing compliance, ensuring robust controls, and saving time and money—now adopted by 80% of businesses.
Use AI-powered leasing software to extract key details, improve compliance, reduce manual effort, and ensure a smooth transition—avoiding costly mistakes.
Outsourcing the lease accounting function is a strategic solution that enables the business to focus on core strengths, drive growth, and prioritise key goals.
For small lease portfolios, consider MSP or explore the Lease Accounting Model in the Knowledge Hub as a suitable option.
As we transition to a new global accounting package, we require a lease accounting solution because the new software does not include a dedicated module. Lease Solution Pro and the Knowledge Hub have been invaluable throughout this process.
They’ve provided clear insights, practical tools, and support, helping us refine our approach and resolve issues encountered during our first implementation.
Barry Fitzmaurice
Finance Director, Bentley Systems UK Limited
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