Fixed Asset Software for Local and Central Government from FMIS

Public Sector

Ensuring compliance and improved control for public sector asset management

Why use FMIS Fixed Asset Management?

✓ Compliant with IFRS, SORP, Component Accounting, CIPFA and HM Treasury guidelines
✓ Increase departmental productivity and efficiency
✓ Simplify month end and year end procedures

✓ Accurately calculate and easily post depreciation
✓ Improve the speed and accuracy of physical asset audits
✓ Track assets over the full life cycle from acquisition to disposal

Central Government

Track and maintain all estates and equipment across multiple sites. Record scheduled and reactive maintenance and receive automated alerts. Work orders ensure all work is carried out correctly and tracked at every stage.

Local Government

Ensure complete control and visibility for all fixed assets and comply with local GAAP, IFRS, Component Accounting and all required standards. Track actual spend vs. planned spend and manage capital budgets easily. Account for lease obligations and generate all ledger postings.

Finance

Ensure compliance with all key local and central government standards and guidelines. FMIS Fixed Asset Management will provide complete visibility of all assets and the control to effectively manage and report on Capital Project costs and budgets.

Maintenance

Schedule, execute and record maintenance effectively for all equipment and assets. Maintain detailed inventories and simplify asset audits. Record and manage service requests using work orders to track job status and costs.

IT

Track the location, status and history of all IT assets in real time over the full life cycle from acquisition to disposal. Allocate equipment to specific users, tag individual items for easy auditing and attach any relevant documents to the asset including warranties and images.

Solutions for Government

Fixed Assets

Fixed asset accounting and depreciation to ensure compliance with GAAP, IFRS and relevant accounting standards.
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Asset Tracking

Track the location, status and history of all assets, inventory and equipment across multiple sites and companies.
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Equipment Maintenance

Schedule and record all preventative and reactive maintenance. Set reminders and easily create work orders for all jobs.
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Lease Accounting

IFRS compliant software controlling obligations and contracts for all finance and operating leases linked to balance sheet items.
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Purchase to Pay

Increase control and simplify every stage of the purchasing process from requisitions through order processing to goods receipt.
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Product Info

Looking for something else? View more FMIS solutions.

FMIS Cyber Essentials Plus Certification

FMIS Gets Cyber Essentials Plus Certification

March 14, 2024

Cyber Essentials Plus Certification: FMIS achieves the leading public sector information security standard in the United Kingdom

How to calculate IT Equipment Depreciation

How to Calculate Depreciation for IT Equipment

February 6, 2023

Discover how to accurately calculate the depreciation of IT equipment with FMIS's expert guide. Keep your assets up to date and compliant.

G-Cloud 13

December 7, 2022

FMIS has been approved as a supplier for the G-Cloud 13 cloud software procurement framework

Integrated Fixed Asset Management

October 1, 2021

Create an integrated approach to Fixed Asset Management to optimise tracking, maintenance and asset accounting.

What is the IFRS 16 effective date for the public sector in the UK?

February 6, 2020

What is the IFRS 16 effective date for the Public Sector in the UK?

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