Source: https://tendernation.io/opportunities/01a13cda-8288-71e2-8a79-e2628bf34494/lease-accounting-system

awarded GB restricted procedure Suitable for SMEs

# Lease Accounting System

[Essex County Council](https://tendernation.io/buyers/essex-county-council)

Estimated value

£95,378

Published

31 Oct 2024

Deadline

Closed

22 Oct 2024

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Buyer says suitable for VCSEs

    The buyer ticked “suitable for voluntary, community and social enterprises” on the notice.
- Small contract value

    Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

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.

## CPV classification

Accounting system

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/2dfbe787-9d27-4a7a-b614-ae6267b64e17)

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[Buyer profile Essex County Council: past awards and live tenders](https://tendernation.io/buyers/essex-county-council) [Sector More Software packages & information systems tenders](https://tendernation.io/sectors/software-information-systems)

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