Crunchafi has launched FRS 102 Section 20 lease accounting functionality for organisations in the UK and Ireland.
In a statement, the company said the tool is “purpose-built” for organisations and chartered accountancy practices managing FRS 102 Section 20 reporting.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The update is intended to support reporting under the revised FRS 102 standard, which applies to accounting periods beginning on or after 1 January 2026.
Under the revised requirements, many leases that were previously kept off the balance sheet must now be recognised through right-of-use assets and lease liabilities.
Crunchafi said the support will particularly benefit companies managing FRS 102 across “dozens or hundreds of client entities at once”. The company added that the tool will help standardise lease accounting workflows and reduce reliance on spreadsheets and manual calculations.
The release is designed to fit into existing processes used by companies and finance teams. It includes automated lease calculations, audit-ready amortisation schedules and journal entries. It also provides disclosure reports for medium and large entities, as well as Section 1A disclosures for small entities.
Additional functionality includes right-of-use asset roll-forwards by asset class for use in statutory accounts, along with a multi-client architecture that supports separate reporting entities.
Crunchafi founder Timothy Kohler said: “We built Crunchafi around what accountancy firms and their clients need from a lease accounting solution: a single place to manage client lease portfolios ranging from one lease to thousands, standardised workflows across the whole firm and user-friendly software that doesn’t require every team member to be an expert in the standard.”
Crunchafi provides cloud-based software-as-a-service products for accounting and financial professionals.
In May this year, the company appointed technology entrepreneur David Wyle to its board of directors.
