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SW-29533 - USA (North Carolina) - Web-Based Lease Accounting Software - Deadline December 11,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: SW-29533

Government Authority located in North Carolina; USA based organization looking for expert vendor for web-based lease accounting software.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide lease accounting software that is delivered under a software-as-a-service model. - GASB 87, Leases, will be effective for the fiscal year ending June 30, 2021. - Must be compliant with GASB 87, Leases. - Must handle lease accounting for both lessee and lessor. - Must have the ability to designate a threshold or track immaterial leases for reporting purposes, as well as, exclude immaterial leases from GASB 87 entries. - Must have the ability to handle multiple type of underlying asset categories, such as space leases, ground leases, membership agreements, licenses, etc. - Must be updated for future changes to relevant GASB standards, such as accounting for subscription-based information technology arrangements. - Must be able to produce GASB 87 disclosures and journal entries at both a summary level and a detail level. - Must be able to handle contracts that transfer ownership, which should be reported as a financed purchase of the underlying asset by the lessee or sale of the asset by the lessor. - Must be able to separately account for non-lease contract components, such as maintenance or other service components. (2) All the questions must be submitted no later than December 6, 2019

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location

Expiry Date : Wednesday, 11 December, 2019

Question Answer Deadline : Friday, 6 December, 2019

Category : Software, System and Application, Auditing, Finance and Accounting

Country : USA

State : North Carolina

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