BrightAccountsProduction now implements the FRC 2025 amendments to FRS 102, effective for accounting periods beginning on or after 1 January 2026. The new lease accounting model aligns with IFRS 16 and requires lessees to recognise all leases on the balance sheet, except for short-term and low-value leases. Financial statements now include dedicated GL nominals for right-of-use assets, lease liabilities, lease depreciation expenses, lease interest expenses, and a new five-step revenue recognition model. Balance sheet, P&L, and cash flow templates have been updated to reflect these changes.

Charity accounts now include a dedicated nominal code for "other long-term creditors" — liabilities over one year that are neither loans nor provisions. This new category allows for accurate disclosure of long-term grants payable, pension-related creditors, and similar items without forcing incorrect consolidation into loan or provision codes.