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Fixed Assets and Lease Accounting System

Compliant, integrated asset management and accounting - specifically for the NHS.

Image representing Fixed Assets and Lease Accounting System

Accounting manually for capital accounting can be a time-consuming, inefficient process, with the opportunity for human error leading potentially to audit failure or lack of regulatory compliance. Our new, automated Fixed Assets and Lease Accounting system is compliant, efficient and accurate. Designed specifically for the NHS, it replaces outdated and error-prone manual spreadsheets and processes with an intuitive, cloud-based, interoperable system. NHS organisations can start preparing a lease register now, in advance of IFRS 16 coming into effect from April 2021, ensuring a smooth transition of data.

Fixed Assets image


"The Fixed Assets and Lease Accounting system looks very user friendly and suits our needs"

Dan Thompson
Associate Director of Finance
Kent and Medway Community Partnership NHS Trust

 

CompliantInteroperableSecure
Compliant - with all relevant
accounting standards including
IAS and IFRS 16 (due to become
applicable to NHS systems April
2021).
 
Interoperable - integrated with
the Oracle Shared Service platform
through system generated interfaces
to save manual input time and
increase accuracy by reducing the
possibility of human error.
Secure - evidencing all
organisational assets and lease
information as a transparent record
for audit review.

 

 

FA line

 

AccessibleEfficient
Accessible - as a cloud-based solution, our
system is available on a connected laptop or desktop
anywhere, helping to improve staff productivity, service
speed and the cost of delivery.
Efficient - multi-user licensing as standard
allows two users in small organisations, or
three in larger organisations, to use the system
at the same time, increasing workforce efficiency.

 

FA line

 

ImmediateSupportedCost-effective
Immediate - providing
real-time reporting on the life cycle
of fixed assets to deliver greater
audit accuracy.




 
Supported - our experienced
implementation team support a smooth
migration to the system, upskilling team
members quickly and signposting
ongoing training. Our client service
team, expert in NHS financial and
accounting reporting processes,
are on hand to assist with product/
service enquiries.
Cost-effective - NHS SBS
takes responsibility for managing
all reconciliations and system
administration processes, reducing
the need for in-house resource.
Existing NHS SBS Finance &
Accounting clients can also reclaim
the VAT costs on the Fixed Assets
and Lease Accounting service charge.

 

Watch the Fixed Assets Webinar

Download the Fixed Assets Brochure

Fixed Assets brochure image

NHS SBS Fixed Assets brochure [3MB]

If you have any questions, check out our  Fixed Assets FAQs [26KB]  

 

To find out how the Fixed Assets and Leasing Accounting System from NHS SBS can support your organisation, please contact us on:
0113 307 1500 | sbs.financeaccounting.enquiries@nhs.net

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