FRS 102
Lease Accounting Software
Proven Compliance
LeaseQuery is trusted by 8000+ organizations worldwide and proven to simplify lease accounting for long-term compliance.
Automated Accounting
FRS 102 leases compliance out of the box including journal entries, amortisation schedules, and required disclosures.
Streamlined Audit
Efficient audit process enabled by a central lease repository and a single subledger with an audit trail.
FAQs
Why should I choose LeaseQuery software?
Is LeaseQuery compliant with UK GAAP/FRS 102 20 for lease accounting?
FRS 102 20 broadly mirrors IFRS 16, with which LeaseQuery complies. The minor ways in which FRS 102 20 for lease accounting differs from IFRS 16 (rates available to use, low-value thresholds, etc) are all items that are inputs to be determined prior to software use. As with all GAAP, there may be some UK- and Republic of Ireland-specific items that may need to be accounted for outside of the software, as we may not support the nuances of all local GAAP. Sign up for a demo to learn more.
Can LeaseQuery integrate with my existing technology?
Automated Cloud-based Solution
- Easy access to your lease documents from anywhere.
- Automated lease accounting and reporting.
- Enter data and view changes in real-time.
- Accurate audit trails
Accounting Intelligence
- Multi-currency functionality, including translation and remeasurement.
- Dual-standard reporting.
- Automated calculations for lease changes including catch up changes and point in time reporting.
- Variable payments.
Always Available Resources
- 24/7 access to a frequently updated help center, customer community, and on-line product training.
- Customer center providing one-stop access to all resources.
- On-demand training webinars.
Ease of Use
- AI-assisted lease data entry.
- Automated critical date reminders.
- Central document repository for easy document retrieval.
- Read-only auditor access.
