Abertay Housing Association has implemented component accounting software from Real Asset Management to ensure compliance with FRS 102/SORP accounting standards. The new software will replace its multiple spreadsheet-based processes and reduce the manual effort needed to manage its £24 million asset base.
Marjorie Sloan, corporate services director, Abertay Housing Association, said, “We are looking forward to finally having a centralised system to manage the accounting of our 12,000+ assets which are mostly associated with housing and flats.
“We previously used eight different spreadsheets at month-end. This was not only time-consuming to maintain but also raised concerns over the accuracy of our figures, both issues which the new software will enable us to overcome.”