Feature
Right of Use
For periods beginning on or after 1 January 2026, FRS 102 brings most leases onto the balance sheet, as IFRS 16 already does. circlr works out the right-of-use asset, the lease liability and every journal that follows.
Warehouse
01 Jan 2026
Right-of-use asset41,200
Year 1 of 5
Lease liability38,700
How it works
Workflow
- 01
Review
Analyse each lease to test what comes on balance sheet and what stays as an expense.
- 02
Calculate
Enter the details and circlr builds the asset, the liability and the schedule.
- 03
Post
Interest and depreciation are posted each month alongside your other journals.
Complemented by
Depreciation
Calculated, posted, reconciled.
Mar posting
Apr posting
Reconciliation
Prove your register matches your accounts.
circlr9,715
Ledger9,430
Difference £285
Cost
circlr24,000
Ledger24,000
Depreciation
−285
circlr9,715
Ledger9,430
Difference £285
Agreements
Cover, finance and renewals on every asset.
Insurance
30 Sep 2026
Warranty
12 Mar 2027
Finance
30 Jun 2027
Insurance30 Sep 2026
Warranty12 Mar 2027
Finance30 Jun 2027
People & locations
Who has what, and where it lives.
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