Crunchafi, a global provider of accounting software for accountancy firms and finance teams, today launches FRS 102 Section 20 lease accounting support for the UK and Ireland.
The revised FRS 102 standard, effective for accounting periods beginning on or after 1 January 2026, represents one of the most significant changes to UK and Irish lease accounting in decades. For many entities, leases that historically remained off the balance sheet must now be recognized through right-of-use assets and lease liabilities, introducing new calculation, reporting and disclosure requirements. Six months into adoption, many chartered accountancy firms are still managing the transition across live client books, often using spreadsheets that were never designed for right-of-use assets, roll forwards or the disclosure requirements of the revised standard. Click here to read the rest of the story.
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