RAM hits the jackpot with its capital allowance solution

Leisure Link, the world's largest provider of out of home entertainment solutions, has completed the second phase of its move to a specialist Fixed Asset Management solution by implementing RAM's Allowances4000 (Software to calculate tax relief) module.

Leisure Link, formerly known as Bass Leisure Machines, manages over 90,000 pay to play machines in the UK's leisure retail market. The industry is currently going through a period of rapid growth and new, innovative technology promises to transform the 'pay to play' market. Leisure Link has made significant investment to ensure it maintains its leading position.

The company has implemented RAM's capital allowances module to ensure that it gains maximum benefit from available allowances during this period of high capital investment.

"The adoption of RAM's Allowances4000 module has allowed us to make maximum use of the data currently held in the Fixed Asset Register,” said a Leisure Link finance spokesperson. “The time saved and the additional facilities available within Allowances4000 makes the management and calculation of capital allowances far more accurate and astute.”

"The flexibility of the system,” added the spokesperson, “allows us to maximise the capital allowance options available to Leisure Link to provide the greatest benefit."

Allowances4000 is an extremely cost effective system for all organisations. It not only provides the flexibility to calculate individual and pool costs, it will also calculate asset allowance costs instantly. As a tax planning tool it is invaluable for allowing quick and accurate 'what if' computations.

“Our own research suggests that while very few companies outsource their fixed asset depreciation calculations,” said Karen Conneely, RAM’s marketing manager, “over 42% of companies questioned outsource their capital allowances computation.”

“In my view this is an essential element of fixed asset accounting and one of the reasons that more companies are taking the specialist approach,” added Conneely. “For organisations with significant capital investment plans, the ability to automate this process and calculate capital allowances at the simple touch