Lease Accounting System

A Contract Award Notice
by ESSEX COUNTY COUNCIL

Source
Contracts Finder
Type
Contract (Services)
Duration
2 year
Value
£95K
Sector
TECHNOLOGY
Published
31 Oct 2024
Delivery
01 Nov 2024 to 31 Oct 2026
Deadline
22 Oct 2024 16:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

A software system that has the functionality to hold details of the Council's leasing arrangements where the Council is either lessee or lessor. The system will need to calculate the year end lease accounting entries (journals) such as recognition of lease liabilities and Right Of Use remeasurement of lease liabilities, write down of lease liabilities. The system will need to be compliant with the requirements of the International Financial Reporting Standard 16 (IFRS16) for local authorities. Awarded via G-Cloud 13.

Award Detail

1 Iris Software (Slough)
  • Value: £95,378

CPV Codes

  • 48444000 - Accounting system

Indicators

  • Contract is suitable for SMEs.
  • Contract is suitable for VCOs.

Reference

Domains