Introduction
A chart of Accounts (COA) is a listing of the names of accounts that a State or ULB’s has identified and made available for recording transactions in its general ledger. COA is a standard data which need to be setup as per the National Municipal Accounting Manual or Respective State wise manual. Click here for NMAM manual.
Data Table
*Sr. No | *Major Code | *Major head Description | *Minor Code | *Minor Head Description | SubMinor Code | SubMinor Head Description | *Detailed Heads (Ledgers) | *Ledger Code | Type | Account Detail Type | Function Required | Budget Required | Active for Posting |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 110 | Tax Revenue | 110-01 | Property Tax | 110-01-01 | Property Tax - General Tax | Property Tax - General Tax - Residential | 110-01-01-01 | Income | Yes/No | Yes/No | Yes | |
2 | 210 | Establishment Expenses | 210-10 | Salaries and Wages | Basic Pay | 210-10-01 | Expenses | Yes/No | Yes/No | Yes | |||
3 | 350 | Other Liabilities | 350-11 | Employee Liabilities | Salaries Unpaid | 350-11-01 | Liabilities | Drawing Officer | Yes/No | Yes/No | Yes | ||
4 | 410 | Fixed Assets | 410-20 | Buildings | Office Building | 410-20-02 | Assets | Yes/No | Yes/No | Yes |
Note: Data given in the table is a sample data.
Procedure
Data Definition
Sr No |
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Column Name | Data Type | Data Size | Is Mandatory? | Definition/ Description | |
|---|---|---|---|---|---|
1 | Major Code | Yes | The Major Code can be any number of digits, (though NMAM suggest the first 3 digits) of the GL Code to be the Major code, this will help in collating the reports at the Nation level. | ||
2 | Major |
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head Description |
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Yes | The short name given to the Major code to easily identify the Account Name for individual code. | |||
3 | Minor Code |
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Yes | The Minor Code can be any number of digits, the digits are configurable. The Minor code will help in collating the reports at the State level. Also State has the flexibility to define the minor codes. | |||
4 | Minor Head Description |
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Yes | The short name given to the Minor code to easily identify the Account Name for individual code. | |||
5 | SubMinor Code |
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No | The SubMinor Code can be optional, State/ULB can setup a subminor level code based on their requirement, this would help in facilitating the additional level of reporting and also detail transaction level information. (The SubMinor code is not listed in NMAM manual) | |||
6 | SubMinor Head Description |
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No | The short name given to the SubMinor code to easily identify the Account Name for individual code. |
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7 | Detailed Heads ( |
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Ledgers) |
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Yes | The short name for the Ledger Code, wherein users use this account head name while posting the transactions into the system. | |||
8 | Ledger Code |
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Yes | A General Ledger Code (GL Code) is a string of 7 to 9 digit numeric characters assigned to each financial entry in an State/ULB ledger. A GL Code can be assigned to different debit or credit entries to make accounting transactions. | |||
9 | Type |
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No | The Type indicates the Income, Expenses, Liabilities and Assets which are mapped to each individual GL code. User can easily identify the GL code by this mapping. | |||
10 | Account Detail Type |
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No | The account details type is the subsidiary ledger, The Suppliers, Contractors and Employees are standard subsidiary ledger. This will help the user to identify the subsidiary ledger details while processing any bill transaction in the system. | |||
11 | Function Required |
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No | A GL Code can be linked for the validation of the Function, user while posting a transaction can select a particular function to which transaction will be linked and this will facilitate easy Function wise reporting. | |||
12 | Budget Required |
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No | A GL Code can be linked for the validation of a Budget. User can have a validation check while posting a transaction into the system, this will facilitate to track the amount usage. | |||
13 | Active for Posting |
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No | The Active for posting will allow the user for posting the transaction to the particular GL Code, if the GL Code is Inactive then the transaction cannot be processed. |
Steps to fill data
Identify the GL Codes that exists at a State level.
Download both the attached template and to updated all the details as per the above information in the empty template provided. The sample data template can be used as a reference to fill in the data.
Read through all the information above before updating the template with relevant information.
Validations
All the fields with * sign are mandatory to be filled in. Without this information, the system configurations cannot be executed.
The format of the GL Code to be 7 to 9 digits numeric and unique no repetitive code should be entered.
The respective mapping with the GL code with the Major & Minor code should be as per NMAM code structure
The Type Income, Expense, Assets and liabilities should be clearly specified against the individual GL code.
The Length of Account Name should not exceed 150 characters.
The Length of Account Description should not exceed 250 characters.
Function Required: To indicate “Yes” or “No” in the column if the particular GL code.
Budget Required: To indicate “Yes” or “No” in the column if the particular GL code.
Active for Posting: To indicate “Yes” or “No” in the column if the particular GL code is active for posting the transaction.
Attachments
Refer to “Chart of Account” in the uploaded template.
For sample data reference, refer to the uploaded “sample date” file.
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Download the data template attached to this page.
Have it open and go through all the headers and understand the meaning of them by referring 'Data Definition' section.
Make sure all the headers, its data type, field size and its definition/ description is understood properly. In case of any doubt, please reach out to the person who has shared this document with you to discuss the same and clear out the doubts.
Identify all different types of grievances on the basis of ULB’s functions.
Start filling the data starting from serial no. and complete a record at once. repeat this exercise till the entire data is filled into a template.
Verify the data once again by going through the checklist and taking care of each and every point mentioned in the checklist.
Checklist
The checklist is a set of activities to be performed once the data is filled into a template to ensure data type, size, and format of data is as per the expectation. These activities have been divided into 2 groups as given below.
Common Checklist
This checklist covers all the activities which are common across the entities.
To see common checklist refer to the page Checklist consisting of all the activities which are to be followed to ensure completeness and quality of data.
Entity Specific Checklist
This checklist covers the activities which are specific to the entity.
Attachments
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