# Component Accounting Software

> A sourced UK public sector contract award published by MIDLAND HEART HOUSING LTD.

## Key facts

- Buyer: MIDLAND HEART HOUSING LTD
- Published: 20 February 2024
- Stage: pre_procurement
- Notice ID: ab766bfa-6c90-43fd-ad3f-ef56a7128d2a-724654
- OCID: ocds-b5fd17-f3399fcf-21cf-448d-8fd1-fc168cc66c2b

## Description

Midland Heart Ltd are a registered social landlord based in the centre of Birmingham with properties throughout the midlands\. We invest in circa 34,000 properties replacing components such as kitchens, bathrooms and roofing on a planned preventative basis\. We are looking to understand what Component Accounting software is available with respect to asset management that are also able to link in with our existing core systems of Open Accounts and NEC\. High level functionality of the software should include: • Maintain a fixed asset register, performing activities like \(Adding Costs for Property \(New Build and Acquisition\), Disposal of Property, Adding Costs for Components, Disposal of Components, Enhancement of Components, Automated Additions of Components, Manual Additions of Components, "Bulk Upload of Data \(Excel\)", General Ledger/Balance\) • Performing Depreciation and Amortisation on our assets • Ability to add, manage and dispose of grants from a financial perspective • Manage profit and loss on Assets and Disposals • A system to perform accrual activities \(Amending invoices, accrual cancelations following invoice payments\) • A system that provides off the shelf accounting reports and allows for reports to be built We would welcome early discussions with suppliers who believe that they can offer the above to assist us with our understanding and to assist in the development of our specification\. Any suppliers who are interested in discussions with Midland Heart, should contact us using the contact details attached to this notice\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/ab766bfa-6c90-43fd-ad3f-ef56a7128d2a-724654)