Paying for assets

Paying for owned assets

Upon receipt of the asset the invoice is sent to your accounts payable team for payment. Once the invoice has been entered into the accounts payable system the item will be registered as an asset in PeopleSoft, provided the values match.

Please note: Items bought on a University corporate card are recorded in the University's Asset Register (PeopleSoft).

Paying for leased assets

For leased assets, once the asset record is entered in Archibus a lease schedule is prepared and authorised centrally and the supplier invoice is paid by the University’s leasing preferred supplier.


Depreciation is made at a central level and has no financial impact on the local area.