Prepare for the New FRS 102 Lease Accounting Requirements

Helping UK businesses prepare for the revised FRS 102 lease accounting requirements through finance back-office support, documentation management, bookkeeping, reconciliations, and implementation assistance.

Book Consultation

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99%

CQC Clearance Audit Rate

60%

Occupancy Rate Achieved

99.7%

Transaction Accuracy

2×

Operational Process Efficiency Increased

94%

Net Promoter Score (NPS) Achieved

45%

Reduction in Finance and Operations Cost

18%

Improvement in Bed Occupancy Rate

5–7

Days Month-end Close Time

98%

LA Fee Uplift Capture Rate

What’s Changing?

Understanding the New FRS 102 Lease Accounting Requirements

Today

Many operating leases are kept off the balance sheet.

Office Premises

Vehicles

Equipment

→

From 1 January 2026

New FRS 102 requirements bring most leases onto the balance sheet.

Right-of-use Asset

Lease Liability

→

The Outcome

Improved transparency, better decision-making and stronger financial reporting.

Transparent Balance Sheet

Better Insights

Stronger Compliance

Before FRS 102

Operating Lease

↓

Off Balance Sheet

Minimal Disclosure

After FRS 102

Lease Asset

Lease Liability

↓

Recognized on Balance Sheet

More Transparency & Comparability

Who is Affected?

Business reporting under FRS 102
FRS 102 Section 1A Entities
Companies leasing offices, vehicles, equipment and warehouses

How IMS Decimal Helps

End to End to Support to Your FRS 102 Readiness Journey

Discover

Lease Discovery

Identify all leases
Collect lease agreements
Review terms & conditions
Identify embedded leases

Organise

Data Preparation

Organise lease data
Bookkeeping
AP & AR management
Reconciliations & schedules

Implement

Implementation Support

Prepare accounting records
Documentation support
Work with your advisors
Reporting readiness

Maintain

Ongoing Operational Support

Monthly Bookkeeping
Lease payment tracking
Finance back-office support
Record maintenance & updates

We work alongside your accountants and technical advisors to ensure a smooth and compliant transition to the new requirements.

Your Finance Team VS IMS Decimal

Activities

Lease Identification

Data Collection & Documentation

Bookkeeping & Reconciliations

AP & AR Management

Monthly Record Updates

Dedicated Specialist Support

Scalable Team

Cost Effective

Your Internal Team

✔

BEST CHOICE

With IMS Decimal

✔

Start Your FRS 102 Readiness Assessment

Not sure where to begin?

Download our practical FRS 102 Readiness Checklist to identify documentation gaps, prepare your finance team, and understand the operational steps required before the new lease accounting requirements take effect.

Download Free Checklist

Services That Support FRS 102 Readiness

Identify lease agreements across departments.
Organise property, vehicle, equipment, and other lease records.
Review available lease information before implementation.

Centralise lease agreements and supporting documents.
Organise renewal clauses, payment schedules, and amendments.
Maintain structured records for finance teams and advisors.

Maintain accurate bookkeeping throughout implementation.
Prepare lease-related financial information.
Support clean and reliable accounting records.

Track lease payment schedules.
Reconcile supplier invoices and lease payments.
Maintain organised vendor documentation.

Reconcile lease-related transactions.
Prepare supporting schedules for reporting.
Assist finance teams with period-end reconciliations.

Support day-to-day finance operations.
Prepare documentation requested by advisors.
Help maintain organised financial records throughout implementation.

FRS 102 Readiness