The new product targets UK and Ireland firms adapting to lease rules effective for accounting periods beginning on or after 1 January 2026.
Crunchafi has launched FRS 102 Section 20 lease accounting support for the UK and Ireland, expanding its software for accountancy firms and finance teams as revised lease rules take effect. The updated FRS 102 standard, effective for accounting periods beginning on or after 1 January 2026, requires many leases that were previously kept off the balance sheet to be recognized through right-of-use assets and lease liabilities, creating new calculation, reporting and disclosure demands. Crunchafi said its release is designed to help firms replace spreadsheet-heavy processes with standardized workflows across multiple client entities. Features include automated lease calculations, audit-ready amortisation schedules and journal entries, disclosure reports for medium and large entities plus Section 1A disclosures for small entities, right-of-use asset roll forwards by asset class, and multi-client architecture for separate reporting entities. Founder Timothy Kohler said the product was built to give firms a single place to manage lease portfolios ranging from one lease to thousands. The company said the product is generally available today and will host a CPD-qualified session, “FRS 102 Section 20 Is Effective: What to Do Now,” on 22 July 2026 at 3 p.m. BST (10 a.m. EDT).