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FM enables municipalities maintain financial records of ULBs following established procedures and practices. Financial Module is a Fund Based Double Entry Accrual Accounting System designed in line with National and Punjab municipal accounting manual.
Features Offered
Features offered to the citizens-
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Financial module enables users to -
Posting of General Ledger
Bill Processing: Generation of bills for varied items such as purchases, works, and salaries
Payment Processing: Payments are processed based on type of expense types
Receipts Processing - from other eGov modules or from 3rd party apps
Service Wise, Bank Mapping - Configurable
Remittances - Configurable individual wise
Budgeting: Upload Budgets, Budgetary Controls, Budget Enforcement & Budget Re-appropriations
Asset Management: Asset Categorizations,Depreciation, Capitalization & Improvement,Revaluation, sale and disposal
Contra Entry, Bank-reconciliation, Deduction Management & period End Activities.
Ontology Defined
State Level
Chart Of Accounts
Contractors
Suppliers
Funds
Functions
Schemes
Sub Schemes
Bank, Branch & Account
Deductions
Opening Balances
Subledger Master
Sublegder Category
ULB Level
None
Standard MIS
Financial Management
Budget Reports
Accounting Reports
Deduction Reports
Revenue Reports
MIS Reports