FMIS Lease Accounting helps finance teams manage property, vehicle and equipment leases, calculate right-of-use assets and lease liabilities, and prepare postings and reports to support IFRS 16, ASC 842 and FRS 102 reporting.
Bring lease records, calculations and changes into one system, with cloud and on-premise deployment options.
Updated by: John de Robeck • Updated: October 12, 2026
FMIS Lease Accounting gives accountants, finance managers and financial controllers one system for managing property, vehicle and equipment leases. It maintains lease records, calculates right-of-use assets and lease liabilities, and produces schedules, postings and reports to support IFRS 16, ASC 842 and FRS 102 reporting.
Your team can use it to manage new agreements, process changes and prepare month-end and year-end figures, reducing reliance on separate spreadsheets.
For accounting guidance, browse our lease accounting resources.
FMIS lease accounting software helps finance teams apply IFRS 16, ASC 842 and revised FRS 102 requirements through centralised lease records, automated calculations and reporting. Reduce reliance on separate spreadsheets and make lease balances easier to review, reconcile and explain.
FMIS supports the revised FRS 102 lease requirements by centralising lease data, calculating right-of-use assets and lease liabilities, and maintaining an audit trail of changes.
FMIS calculates right-of-use assets and lease liabilities, processes lease changes, and produces schedules, reports and general ledger postings to support IFRS 16 reporting.
FMIS supports operating and finance lease accounting under ASC 842, including straight-line lease expense and right-of-use asset amortisation for operating leases.
Create individual lease records or import agreements from Excel for initial migration and the ongoing addition of new leases.
Record lease terms, payment cycles and calculation inputs, including monthly, quarterly and annual payments made in advance or arrears.
FMIS calculates lease liabilities and right-of-use asset values, with schedules showing payments, interest charges and liability balances across the lease term.
Your team determines the accounting inputs, including the lease term, discount rate and treatment of contract components.
Process revised payments, changes to lease terms and early terminations, then review their effect on schedules and accounting values.
For example, record a payment change following a property rent review. Adjustments and terminations can also be imported for larger portfolios.
Check period totals and produce lease accounting postings for your finance system.
Review new leases, mid-term adjustments and early terminations before completing the period. Where corrections are required, amend records and re-run periods using the relevant controls.
Understand your lease balances, review future payment commitments and complete each accounting period with a clear record of the figures. FMIS provides portfolio summaries and individual lease details to help your finance team reconcile results and answer reporting queries.
Choose the report that fits the task, from reviewing the whole portfolio to checking an individual agreement:
Use Excel and PDF outputs to support review, reconciliation and financial statement preparation. The standard reporting suite covers a wide range of lease accounting needs, with flexible selection and analysis options. Bespoke reports are rarely needed; any unusual reporting requirements can be assessed during scoping.
Once your team has reviewed the period’s outputs, close and lock the accounting period to control subsequent changes.
If a correction is required, re-open and reprocess the period in line with your organisation’s agreed finance procedures.
Alternatively, new leases and mid-term adjustments can be backdated so their earlier effective date is recognised, with the accumulated impact posted in the current open month. Closed periods remain unaffected. This helps your team account for lease information received late without reopening completed periods.
St George’s University Hospitals NHS Foundation Trust added FMIS Lease Accounting in 2022 to support its IFRS 16 transition, building on its existing FMIS Fixed Assets system.
The implementation addressed a practical challenge: importing existing finance leases while retaining asset identifiers and linking records between the two modules. The approach was designed to avoid duplicate right-of-use assets, with specialist guidance on reconciling asset values and handling adjustments.
Read the St George’s fixed asset and lease accounting case study
Finance teams handle lease accounting, while senior management needs a clear view of commitments and financial impact. FMIS supports both through maintained lease records, accounting schedules and reporting.
Maintain lease records, review calculation inputs, process changes and prepare period postings and reports. Finance managers and financial controllers can review right-of-use assets and lease liabilities, reconcile balances and provide supporting information for audit queries.
Use lease summaries and future payment reports to understand the organisation’s lease commitments. Finance directors and other senior decision-makers can review the financial impact of property, vehicle and equipment leases when considering budgets, renewals and future investment.
Choose a deployment approach that fits your organisation’s hosting policies, IT resources and data residency requirements. FMIS Lease Accounting is available through FMIS Cloud or as an on-premise installation.
Use FMIS Lease Accounting through our cloud service, hosted in UK data centres. This option suits organisations seeking external hosting rather than running the application within their own infrastructure.
Install FMIS Lease Accounting within your organisation’s infrastructure where internal hosting is required. Your IT team can review the infrastructure, access and support requirements with FMIS before implementation.
We can help you compare the options against your integration needs, internal policies and responsibilities for maintaining the environment.
FMIS holds ISO 27001, ISO 9001 and Cyber Essentials Plus certifications. Our Trust Centre provides supporting information about security, cloud hosting, data protection and business continuity to help your team assess the proposed service.
Moving to lease accounting software requires an agreed approach to data, configuration and reporting. FMIS provides implementation support covering requirements, system setup, data imports, training and user acceptance testing.
Your team identifies the leases in scope. We work with you to agree the lease attributes to be held, the accounting framework, configuration and required outputs.
The migration approach should identify which records and balances need to be transferred, how they will be prepared, and how the results will be checked. This is particularly relevant when moving from existing spreadsheets or introducing a new reporting basis.
FMIS Lease Accounting can be used as a standalone application or alongside other FMIS solutions and existing accounting software.
The appropriate data exchange depends on your finance system and processes. During scoping, we establish the required posting format, account mapping and transfer method.
Training covers the tasks your users need to perform, including maintaining records, processing changes, reviewing schedules and producing period outputs.
The FMIS team also provides ongoing support for technical and functional queries.
FMIS Fixed Assets works with Lease Accounting to maintain the related right-of-use asset records, depreciation and financial changes.
View the wider FMIS product range for other finance and operational requirements. The scope and any connections between modules should be agreed separately.
Understand the principles behind lease recognition, right-of-use assets, lease liabilities and ongoing accounting.
Read the Lease Accounting Guide
Browse the main guide, specialist FRS 102, IFRS 16 and ASC 842 guides, practical articles and relevant case studies.
Browse all lease accounting resources
Read about reporting and import performance improvements and defined data-conversion scenarios in version 12.47.
Who is FMIS Lease Accounting designed for?
FMIS Lease Accounting is designed for finance teams managing leases from the lessee’s perspective, including property, vehicle and equipment portfolios. It supports teams responsible for maintaining lease records, completing period calculations and preparing reporting outputs.
Can we import our existing lease spreadsheets?
Yes. FMIS supports Excel imports for lease records, with import processes also available for adjustments and terminations.
The implementation process should establish the required data format and checks before records are loaded.
Can FMIS handle larger lease portfolios?
FMIS supports bulk imports and processing, reducing the need to maintain every lease individually. Portfolio size, reporting requirements and the proposed environment should form part of the initial assessment.
Does FMIS replace our accounting system?
FMIS Lease Accounting provides specialist lease calculations, records and reporting. It can work alongside your existing accounting system, with lease postings transferred through an agreed process.
Does FMIS Lease Accounting support multi-currency?
FMIS Lease Accounting does not currently support multi-currency. If your portfolio includes leases in different currencies, please raise this during the initial discussion so we can assess suitability.
Does using the software guarantee compliance?
Compliance depends on the completeness of your records, accounting judgements, configuration and review procedures.
FMIS supports the process through calculations, schedules, reporting and period controls. Your finance team remains responsible for applying the relevant standard and approving the resulting accounting treatment.
How long does implementation take?
The timetable depends on the condition of your data, portfolio complexity, deployment choice and any integration requirements.
We agree the implementation scope and schedule after reviewing these requirements with your team.
How much does FMIS Lease Accounting cost?
Pricing depends on the required users, deployment option and implementation scope, including data migration, training and any integration work.
with an outline of your requirements so we can prepare a proposal.
Discuss your accounting framework, lease portfolio and reporting requirements with the FMIS team.
We can use the demonstration to review relevant workflows, show the available outputs and identify any requirements that need further investigation.
To help us prepare, tell us approximately how many leases you manage, which accounting standard you report under and which finance system you use.
