LeasevanaWicked System Studio
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About
Lease102 is a lease accounting software designed for compliance with FRS 102 Section 20. It automates the accounting process using AI-powered data extraction, calculations, journal entries, and disclosure reports. Built for UK and Ireland businesses, this system utilizes native FRS 102 logic rather than adapting IFRS 16 standards.
The platform extracts key data from lease documents using AI technology, reducing manual input errors. Its calculation engine utilizes Bank of England SONIA and ECB €STR rates to determine appropriate discount rates. The system maintains a comprehensive seven-year audit trail that documents all lease modifications and calculations. Additional features include team collaboration tools, lease modification handling, expiration alerts, multi-currency support, and ERP integration options.
Lease102 provides enterprise-grade security with AES-256 encryption, TLS 1.3 protocols, and data storage in UK/EU jurisdictions, ensuring GDPR compliance and data protection.
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About
Leasevana is an offline Windows desktop application for IFRS 16 lease accounting, designed for corporate finance teams and lessees. It calculates right-of-use (ROU) assets and lease liabilities from lease terms, and produces amortization and depreciation schedules. Finance users can update schedules for renewals, extensions, early terminations and changes in consideration, and track incremental borrowing rates and weighted-average discount rates for new leases and reassessments. The software also supports IFRS 16 disclosure reporting and includes an optional PDF lease abstraction feature that can use a Google Gemini API key supplied by the user to extract dates, options and payment amounts. Leasevana runs locally on Windows, with no mandatory cloud storage or external database. It is available as a free download from the Microsoft Store; the vendor recommends that users have results reviewed by a qualified professional.
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Platforms Supported
Windows
Not Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Platforms Supported
Windows
Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Not Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Audience
All UK and Ireland companies (which are not classified as Micro entities) who require to report their Balance Sheet
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Audience
Accountants and finance teams managing IFRS 16 leases.
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Support
Phone Support
Not Supported
24/7 Live Support
Supported
Online
Supported
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Support
Phone Support
Not Supported
24/7 Live Support
Not Supported
Online
Supported
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API
Offers API
Supported
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API
Offers API
Not Supported
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Pricing
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.
Free Version
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Free Trial
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Pricing
Free
Free download and use.
Free Version
Supported
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Supported
Webinars
Not Supported
Live Online
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In Person
Supported
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Training
Documentation
Not Supported
Webinars
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Live Online
Not Supported
In Person
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Company InformationLease102
Founded: 2025
lease102.co.uk
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Company InformationWicked System Studio
wickedsystemstudio.com/leasevana.html
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Categories |
Categories |
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Lease Accounting Features
Amortization Schedule
Supported
Asset Management
Not Supported
Billing & Invoicing
Supported
Budgeting & Forecasting
Supported
Capitalization Reporting
Supported
Critical Date Alerts
Supported
Expense Tracking
Supported
For Equipment Leases
Supported
For Real Estate
Supported
Payment Tracking
Supported
Portfolio Management
Supported
Tax Management
Not Supported
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Integrations
Gemini
Not Supported
Microsoft Dynamics 365
Supported
Sage 200
Supported
Sage 50
Supported
Xero
Supported
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Integrations
Gemini
Supported
Microsoft Dynamics 365
Not Supported
Sage 200
Not Supported
Sage 50
Not Supported
Xero
Not Supported
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