MILWAUKEE, July 14, 2026 (GLOBE NEWSWIRE) — C u chafi, a global p ovide of accou ti g softwa e fo accou ta cy fi ms a d fi a ce teams, today lau ches FRS 102 Sectio 20 lease accou ti g suppo t fo the UK a d I ela d.
The evised FRS 102 sta da d, effective fo accou ti g pe iods begi i g o o afte 1 Ja ua y 2026, ep ese ts o e of the most sig ifica t cha ges to UK a d I ish lease accou ti g i decades. Fo ma y e tities, leases that histo ically emai ed off the bala ce sheet must ow be ecog ised th ough ight-of-use assets a d lease liabilities, i t oduci g ew calculatio , epo ti g a d disclosu e equi eme ts. Six mo ths i to adoptio , ma y cha te ed accou ta cy fi ms a e still ma agi g the t a sitio ac oss live clie t books, ofte usi g sp eadsheets that we e eve desig ed fo ight-of-use assets, oll fo wa ds o the disclosu e equi eme ts of the evised sta da d.
The ope atio al bu de is especially sig ifica t o fi ms ma agi g FRS 102 ac oss doze s o hu d eds of clie t e tities at o ce. Embedded leases, discou t ate judgeme ts, oll fo wa ds a d equi ed disclosu es all add hou s to eve y epo ti g cycle a d compou d the isk of e o i ma ual wo kflows.
“We built C u chafi a ou d what accou ta cy fi ms a d thei clie ts eed f om a lease accou ti g solutio : a si gle place to ma age clie t lease po tfolios a gi g f om o e lease to thousa ds, sta da dised wo kflows ac oss the whole fi m a d use -f ie dly softwa e that does ’t equi e eve y team membe to be a expe t i the sta da d,” says C u chafi fou de Timothy Kohle .
C u chafi’s FRS 102 Sectio 20 elease is built a ou d the wo k fi ms a e al eady doi g:
- Automated lease calculatio s with audit- eady amo tisatio schedules a d jou al e t ies
- Detailed disclosu e epo ts fo medium a d la ge e tities, plus Sectio 1A disclosu es fo small e tities
- Right-of-use asset oll fo wa ds by asset class, eady to d op i to statuto y accou ts
- Multi-clie t a chitectu e with sepa ate epo ti g e tities a d co siste t calculatio s ac oss a e ti e clie t po tfolio
The elease e ables o ga isatio s a d fi ms to sta da dise lease accou ti g wo kflows while educi g elia ce o sp eadsheets a d ma ual calculatio s.
C u chafi is the most widely used lease accou ti g platfo m amo g accou ta cy fi ms globally, suppo ti g mo e cha te ed fi ms tha a y othe ve do i the catego y. Built th ough yea s of suppo ti g fi ms with ASC 842, GASB 87, GASB 94, GASB 96 a d IFRS 16 complia ce, C u chafi b i gs that same lease accou ti g expe tise, sta da dised wo kflows a d epo ti g automatio to fi ms avigati g the t a sitio to FRS 102 Sectio 20.
C u chafi’s FRS 102 Sectio 20 p oduct is ge e ally available today.
C u chafi will host the CPD-qualified sessio “FRS 102 Sectio 20 Is Effective: What to Do Now” o 22 July 2026 at 3 p.m. BST (10 a.m. EDT). Registe he e.
