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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Designed specifically for the NHS, it replaces outdated and error-prone manual spreadsheets and processes with an intuitive, cloud-based, interoperable system.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 2022, ensuring a smooth transition of data.
“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
Fixed Assets and Lease Accounting System
Compliant
with all relevant accounting standards including IAS and IFRS 16 (due to become applicable to NHS systems April 2021).
Secure
evidencing all organisational assets and lease information as a transparent record for audit review.
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.
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.
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.
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
If you have any questions, check out our webinar or Fixed Assets FAQs (gi.ui.mediatype.excelworkbook)
Why Partner with us?
We add value through the development and implementation of high-quality, cost effective corporate services, providing a level of innovation and efficiency which would be impossible for an organisation to deliver in isolation.
Enquire todayFinance & Accounting Case Studies
The success stories below show how our NHS partners can overcome the day-to-day challenges with our Finance and Accounting solutions.
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CCG Mergers
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As a trusted partner for the public sector for 20 years, find out how we can help improve your public services
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