[Busmanagers] Leased computers and the Asset Register

[Hastings, Janet F]

Thanks for your response Marje, 

 

Having received an email from town is the reason I asked this
question... I've got some fixing up to do and I want to get it right.

 

Jan Hastings

Business Manager

Rowville Primary School

Phone:  9764-1955

Fax:      9763-8658

 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Brophy,
Marjorie J
Sent: Tuesday, 11 July 2006 12:36 PM
To: Business Managers' Mailing List
Subject: RE: [Busmanagers] Leased computers and the Asset Register

 

There is also a document on CASES21 Finance Website called Assets
Management Policy which should be read (yes in your spare time).  Leased
assets should have a value of '0', be in a MISC_XXXX category and the
monthly lease payment should be divided by the number of computers etc
on lease.  Otherwise you get an email from town telling you to fix it -
which is more work!!!!

 

Marje Brophy

Business Manager

Korumburra Secondary College

5655 -1566

 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Hastings,
Janet F
Sent: Tuesday, 11 July 2006 10:11 AM
To: Business Managers' Mailing List
Subject: [Busmanagers] Leased computers and the Asset Register

 

I am in need of a little clarification with Leased Assets.

 

What is the correct way to record leased assets (computers and monitors)
in respect of the purchase cost and the monthly lease cost.  

 

On reading the notes in the Assets section of the finance guide, the
purchase cost should be '0', and 'the monthly lease payment is entered
(if applicable)'.

 

As we have leased a classroom full of computers, should I divide the
monthly lease payment and spread it across all the computers and
monitors in the lease?

 

 

Jan Hastings

Business Manager

Rowville Primary School

Phone:  9764-1955

Fax:      9763-8658

 

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