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Description
Lease102 is a specialized lease accounting software tailored to ensure adherence to FRS 102 Section 20, streamlining the accounting workflow through AI-driven data extraction, calculations, journal entries, and disclosure reports. Designed specifically for businesses in the UK and Ireland, this platform employs FRS 102 logic directly, rather than modifying it to fit IFRS 16 standards. By harnessing advanced AI technology, it efficiently extracts crucial information from lease agreements, minimizing the potential for human error associated with manual data entry. The calculation engine incorporates the Bank of England SONIA and ECB €STR rates to calculate suitable discount rates accurately. Additionally, it maintains an extensive seven-year audit trail that records all lease alterations and computations, enhancing transparency and accountability. Among its other valuable features are tools for team collaboration, management of lease modifications, alerts for expiration, support for multiple currencies, and options for integration with ERP systems. Furthermore, Lease102 prioritizes security by implementing AES-256 encryption, utilizing TLS 1.3 protocols, and ensuring data storage within UK/EU regions, thus upholding GDPR compliance and safeguarding sensitive information. This holistic approach not only simplifies the lease accounting process but also reinforces the trust businesses place in their financial reporting.
Description
The shift from traditional accounting standards to the updated IFRS 16, AASB 16, and ASC 842 presents a variety of challenges for organizations, including the need for compliance with new regulations, the requirement for extensive data collection and processing, and the increased complexity of tasks for accountants. Rather than relying on outdated lease calculators, businesses should consider adopting modern, efficient, and user-friendly lease accounting software tailored to meet IFRS 16, AASB 16, and ASC 842 requirements. Our innovative lease accounting software not only streamlines processes but also provides exceptional adaptability and flexibility to suit diverse organizational needs. Whether you operate a SaaS company or another business type, the Soft4Lessee accounting solution enhances lease management, making it faster, more cost-effective, and significantly less cumbersome. Furthermore, with our software, you can automate numerous processes, effortlessly import and export data to and from Microsoft Excel, and integrate files in XML and various other formats, ultimately leading to improved operational efficiency and accuracy. This comprehensive approach ensures that your business remains compliant while optimizing its lease accounting practices.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Microsoft Dynamics 365
Yes
NetSuite
No
SAP Business One
No
Sage 200
Yes
Sage 50
Yes
Xero
Yes
Integrations
Microsoft Dynamics 365
No
NetSuite
Yes
SAP Business One
Yes
Sage 200
No
Sage 50
No
Xero
No
Pricing Details
from £20 per month
Lease102 Pricing Overview
Lease102 is a cloud-native lease accounting platform purpose-built for FRS 102 Section 20 compliance. It serves UK and Ireland SMEs facing the January 2026 mandatory adoption deadline with a subscription model designed to undercut incumbent providers by 70-80%.
Pricing Structure
Lease102 offers four subscription tiers with monthly and annual billing options. Annual billing provides a 17% discount (equivalent to two months free). All prices are listed in GBP; EUR and USD pricing is also available.
Starter — GBP 20/month or GBP 200/year
Designed for single-location businesses with small lease portfolios. The Starter tier includes up to 5 active leases, 2 user accounts, and 5 AI document extractions per month. Tenants select a single operating country (UK or Ireland) at signup. The plan includes full FRS 102 compliance calculations, lease modifications and terminations, a 7-year audit trail, Excel/CSV export, ERP integrations (Xero, Sage, Dynamics 365), email alerts, chatbot support, and live reference rate integration (Bank of England SONIA and ECB euro short-term rate). Email support is included.
Growth — GBP 49/month or GBP 490/year
Designed for growing businesses managing multiple locations or expanding lease portfolios. The Growth tier includes up to 25 active leases, 5 user accounts, and 25 AI document extractions per month. In addition to all Starter features, Growth adds batch import from Excel and CSV files. Single-country operations apply (UK or Ireland). Email support is included.
Professional — GBP 99/month or GBP 990/year
Designed for established businesses with complex, multi-jurisdiction lease portfolios. The Professional tier includes up to 75 active leases, 10 user accounts, and 100 AI document extractions per month. In addition to all Growth features, Professional adds multi-currency support (GBP, EUR, USD, JPY, AUD, CAD), multi-country portfolio management, REST API access with full OpenAPI documentation, phone support, and a one-hour onboarding session. The Professional tier is recommended for most mid-market businesses and delivers a 4-8x return on investment compared with manual compliance processes.
Enterprise — from GBP 500/month or from GBP 5,000/year
Designed for large organisations, accounting firms, and property investment companies. The Enterprise tier includes unlimited leases, unlimited user accounts, and unlimited AI document extractions. In addition to all Professional features, Enterprise adds a dedicated account manager, full migration support from legacy systems, white-label option, custom calculation methodologies, multi-tenant architecture for accounting firms, and a 99.9% uptime target. Enterprise pricing is volume-based and varies by lease count, user count, and support requirements.
Free Trial
Lease102 offers a 14-day free trial on the Professional tier. The trial provides full access to all Professional features including 75 active leases, 10 user accounts, and 100 AI extractions per month. No credit card is required to start the trial. After the trial period, accounts that have not subscribed to a paid plan enter view-only mode where existing data remains accessible but new leases and calculations cannot be created.
What All Plans Include
Every Lease102 subscription tier includes: FRS 102 Section 20 compliance calculations with paragraph-level audit references, lease modifications and early termination handling, a 7-year audit trail meeting Companies Act 2006 retention requirements, Excel and CSV export, ERP integrations (Xero, Sage 50, Sage 200, Microsoft Dynamics 365 Business Central), automated email alerts for lease expiration and rate changes, an AI chatbot assistant, and live reference rate integration with Bank of England SONIA and ECB euro short-term rate feeds.
Competitive Positioning
Lease102 is priced at GBP 200-990/year for SME tiers, compared with GBP 3,000-5,000/year charged by incumbent lease accounting platforms. The platform is purpose-built for FRS 102 (UK GAAP) rather than retrofitted from IFRS 16, eliminating unnecessary complexity for UK and Ireland entities. AI-powered document extraction, automated OBR calculations with live reference rates, and native ERP integrations are included in all tiers at no additional cost.
Lease102 is a cloud-native lease accounting platform purpose-built for FRS 102 Section 20 compliance. It serves UK and Ireland SMEs facing the January 2026 mandatory adoption deadline with a subscription model designed to undercut incumbent providers by 70-80%.
Pricing Structure
Lease102 offers four subscription tiers with monthly and annual billing options. Annual billing provides a 17% discount (equivalent to two months free). All prices are listed in GBP; EUR and USD pricing is also available.
Starter — GBP 20/month or GBP 200/year
Designed for single-location businesses with small lease portfolios. The Starter tier includes up to 5 active leases, 2 user accounts, and 5 AI document extractions per month. Tenants select a single operating country (UK or Ireland) at signup. The plan includes full FRS 102 compliance calculations, lease modifications and terminations, a 7-year audit trail, Excel/CSV export, ERP integrations (Xero, Sage, Dynamics 365), email alerts, chatbot support, and live reference rate integration (Bank of England SONIA and ECB euro short-term rate). Email support is included.
Growth — GBP 49/month or GBP 490/year
Designed for growing businesses managing multiple locations or expanding lease portfolios. The Growth tier includes up to 25 active leases, 5 user accounts, and 25 AI document extractions per month. In addition to all Starter features, Growth adds batch import from Excel and CSV files. Single-country operations apply (UK or Ireland). Email support is included.
Professional — GBP 99/month or GBP 990/year
Designed for established businesses with complex, multi-jurisdiction lease portfolios. The Professional tier includes up to 75 active leases, 10 user accounts, and 100 AI document extractions per month. In addition to all Growth features, Professional adds multi-currency support (GBP, EUR, USD, JPY, AUD, CAD), multi-country portfolio management, REST API access with full OpenAPI documentation, phone support, and a one-hour onboarding session. The Professional tier is recommended for most mid-market businesses and delivers a 4-8x return on investment compared with manual compliance processes.
Enterprise — from GBP 500/month or from GBP 5,000/year
Designed for large organisations, accounting firms, and property investment companies. The Enterprise tier includes unlimited leases, unlimited user accounts, and unlimited AI document extractions. In addition to all Professional features, Enterprise adds a dedicated account manager, full migration support from legacy systems, white-label option, custom calculation methodologies, multi-tenant architecture for accounting firms, and a 99.9% uptime target. Enterprise pricing is volume-based and varies by lease count, user count, and support requirements.
Free Trial
Lease102 offers a 14-day free trial on the Professional tier. The trial provides full access to all Professional features including 75 active leases, 10 user accounts, and 100 AI extractions per month. No credit card is required to start the trial. After the trial period, accounts that have not subscribed to a paid plan enter view-only mode where existing data remains accessible but new leases and calculations cannot be created.
What All Plans Include
Every Lease102 subscription tier includes: FRS 102 Section 20 compliance calculations with paragraph-level audit references, lease modifications and early termination handling, a 7-year audit trail meeting Companies Act 2006 retention requirements, Excel and CSV export, ERP integrations (Xero, Sage 50, Sage 200, Microsoft Dynamics 365 Business Central), automated email alerts for lease expiration and rate changes, an AI chatbot assistant, and live reference rate integration with Bank of England SONIA and ECB euro short-term rate feeds.
Competitive Positioning
Lease102 is priced at GBP 200-990/year for SME tiers, compared with GBP 3,000-5,000/year charged by incumbent lease accounting platforms. The platform is purpose-built for FRS 102 (UK GAAP) rather than retrofitted from IFRS 16, eliminating unnecessary complexity for UK and Ireland entities. AI-powered document extraction, automated OBR calculations with live reference rates, and native ERP integrations are included in all tiers at no additional cost.
Free Trial
Yes
Free Version
No
Pricing Details
$99 per month
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
Yes
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Lease102
Founded
2025
Website
lease102.co.uk
Vendor Details
Company Name
Soft4Lessee
Founded
2008
Country
Lithuania
Website
soft4lessee.com
Product Features
Lease Accounting
Amortization Schedule
Yes
Asset Management
No
Billing & Invoicing
Yes
Budgeting & Forecasting
Yes
Capitalization Reporting
Yes
Critical Date Alerts
Yes
Expense Tracking
Yes
For Equipment Leases
Yes
For Real Estate
Yes
Payment Tracking
Yes
Portfolio Management
Yes
Tax Management
No
Product Features
Financial Reporting
"What If" Scenarios
No
Audit Trail
Yes
Balance Sheet
No
Cash Management
No
Consolidation / Roll-Up
Yes
Forecasting
Yes
General Ledger
Yes
Income Statements
No
Multi-Company
Yes
Multi-Department / Project
Yes
Profit / Loss Statement
No
Lease Accounting
Amortization Schedule
Yes
Asset Management
Yes
Billing & Invoicing
No
Budgeting & Forecasting
Yes
Capitalization Reporting
No
Critical Date Alerts
No
Expense Tracking
Yes
For Equipment Leases
Yes
For Real Estate
Yes
Payment Tracking
No
Portfolio Management
No
Tax Management
No
Lease Management
Billing & Invoicing
No
Commercial Leases
Yes
Contact Management
No
Landlord Database
No
Lease Classification
Yes
Portfolio Management
No
Property Management
Yes
Residential Leases
No
Retail Leases
No
Sublease Management
Yes
Tenant Database
No
