Lease Accounting System

ESSEX COUNTY COUNCIL · awarded 23 October 2024 · delivered in East of England

£95k Award value £95,377
1 Supplier Recorded as a large business
31 Oct 2026 Runs until from 1 Nov 2024

Who

BuyerESSEX COUNTY COUNCIL Chelmsford
Supplier IRIS Software Limited
Categoryservices
ClassificationAccounting system CPV 48444000
Notice published31 October 2024

What it is for

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.

Read the original award notice on Contracts Finder →

Other contracts from this buyer

152 awards on file, worth £3.0bn.

Everything ESSEX COUNTY COUNCIL has awarded →

Other contracts won by this supplier

19 awards on file, worth £4.8m.

Everything IRIS Software Limited has won →