Fixed Asset Software for Central Government

Fully compliant with IFRS requirements and HM Treasury guidelines for MHCA, the Series4000 suite of fixed asset modules is now used by over 80 central government organisations and a number of shared services centres across the UK.

Benefits

• Fully compliant with IFRS and current MHCA guidelines.
• Provides a centralised database of finance and operating leased assets in accordance with IFRS.
• A Balance Sheet report by analysis code details RAB specific calculations to provide a snapshot of the current financial situation.
• Applies revaluation reserve rules to identified, donated assets in accordance with RAB.
• Satisfies Historic Cost Accounting, Current Cost Accounting and Alternative Asset Values depreciation requirements.
• Depreciation methods are completely user definable by asset, asset group and period of account.
• Instant asset analysis reports for past, present and future periods.
• User-definable analysis fields for comprehensive reporting.
• Enables the effective tracking and management of leased assets across the organisation, maintaining a centralised database.
• Comprehensive user audit trail.
• Data links are provided to spreadsheets and general ledgers.
• Full implementation service provided including data conversion and training.
• Computerised maintenance management (CMMS) for the control of planned and un-planned maintenance.