IFRS 16 · FRS 102 · UK-first
IFRS 16 lease accounting software
Calculate lease liabilities and right-of-use assets, generate the journals, and leave an evidence trail an auditor can follow from the statutory note back to the signed contract. Free for up to 3 leases.
The arithmetic is not the hard part
Discounting a stream of lease payments is a present value calculation, and a competent spreadsheet does it correctly. What a spreadsheet does badly is everything around it: proving the lease population is complete, defending the discount rate a year after it was chosen, showing what a mid-term modification did to the liability, and re-performing any of it during the audit.
That is the part AuditLease is built for. For the requirements of the standard itself, see the IFRS 16 lease accounting guide. If you report under UK GAAP, the FRS 102 changes for 2026 are the ones that affect you, and the comparison of the two standards sets out which applies.
What you get
Right-of-use asset and lease liability
Present value of the lease payments at the discount rate you have documented, the opening right-of-use asset built from the liability plus prepayments, initial direct costs and restoration obligations, and the full amortisation and depreciation schedules behind both.
Modifications and remeasurements
A rent review, an exercised option or a change in the lease term is recorded as an event with its own effective date, not as an edit to the original numbers. The prior figures still stand, and the movement between them is explained rather than absorbed.
Judgements recorded, not assumed
The discount rate and the lease term are the two estimates an auditor will challenge first. Both carry a written rationale stored alongside the calculation, so the rate, the reasoning and the resulting liability stay linked.
Calculation runs that cannot be edited
A completed calculation run is immutable. Changing an input creates a new version rather than overwriting the old one, so last year’s figures still reconcile to last year’s file.
Journals that have to balance
Every journal line carries its lease, its calculation run and its originating schedule line. Batches are validated before they are posted, so an unbalanced batch never reaches the ledger, and a posted batch is reversed rather than amended.
Disclosures and the audit file
Period-end reports, the maturity analysis and the statutory accounts note, alongside Excel and CSV exports and journal formats for Sage, Xero, QuickBooks, Sage Intacct and NetSuite.
The full list is on the features page.
Built for the audit, not just the close
Most lease accounting products are built around IFRS 16 for large international groups, where the buyer is a corporate reporting team and the audit is somebody else's problem. AuditLease is built for UK companies and the accountants who file for them, so the outputs are shaped by what ends up in the file: a lease register that reconciles to the contracts, judgements with reasoning attached, calculation runs that cannot be quietly edited, and journals that carry their own provenance.
Auditors get read-only access to the same evidence rather than a folder of exported spreadsheets. What that looks like from their side is on the auditors page, and firms managing several client portfolios should start at AuditLease for accounting firms.
Try the maths before you try the product
The free calculators run in the browser with no account and no sign-up. They are the quickest way to check that the figures match what you already have.
- IFRS 16 lease liability calculator : liability, right-of-use asset, schedule and journals.
- Incremental borrowing rate calculator : build the rate from its components, or solve for the implicit rate.
- Dilapidations provision calculator : discount a restoration obligation and unwind it over the term.
Common questions
What does IFRS 16 lease accounting software need to do?
At minimum it has to discount the lease payments to a present value, hold the resulting lease liability and right-of-use asset, unwind interest and depreciation over the lease term, handle modifications and remeasurements without losing the original figures, produce balanced journals, and give the auditor a maturity analysis and the disclosures. The part that separates products is what happens to the judgements: the discount rate and the lease term are estimates that have to be defended, so the reasoning needs to be stored with the calculation rather than in someone’s inbox.
Can the same software handle IFRS 16 and FRS 102?
It should. The two standards share the same present value, amortisation and depreciation core, and differ in transition, disclosure and some measurement detail. AuditLease applies the framework per legal entity, so a group can report a UK subsidiary under FRS 102 and an IFRS reporter under IFRS 16 in one account rather than running two systems.
Do we still need software if we only have a few leases?
A handful of straightforward leases can be run in a spreadsheet. The difficulty is rarely the arithmetic; it is completeness, modifications part-way through a term, and re-performing last year’s numbers a year later when the file is audited. AuditLease is free for up to 3 active leases so the comparison can be made on real figures rather than in the abstract.
How much does IFRS 16 lease accounting software cost?
AuditLease is free for up to 3 active leases with no credit card required. Paid plans start at £29 a month, and firm plans for accountants managing multiple client portfolios start at £149 a month, priced on total active leases rather than per seat or per client.
Run it on your own leases
Free for up to 3 active leases. No credit card, no sales call.