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Lease Accounting System

ESSEX COUNTY COUNCIL Published 31 Oct 2024 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£95,378
Statuscomplete
Category (CPV) 48444000
RegionEast of England
Deadline22 Oct 2024
Contract start1 Nov 2024
Contract end31 Oct 2026
Procedureselective
SME suitableYes
OCIDocds-b5fd17-2dfbe787-9d27-4a7a-b614-ae6267b64e17

Award

SupplierValueDateStatus
IRIS Software Limited £95,378 22 Oct 2024 active

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.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
31 Oct 2024 Award (award) · cc7bafac-a94a-4d62-8152-c0057ab7a523-798898

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source

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