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About Finance
Financial Module (FM) is a key module that is built on coexistence with DIGIT which enables municipalities to create and manage financial transactions like budget, revenue demand, receipt, advances, deposits, bills, payments, asset creation (capitalization), fund transfer and also reconciliations and reporting.
FM enables municipalities to 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 the National Municipal Accounting Manual.
Module Features
The 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 the type of expense type
Receipts Processing - from other DIGIT modules or from any other third party application
Service Wise, Bank account mapping - Configurable
Collection Remittances - Configurable mode of collection 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.
Deduction Management - processing statutory and non-statutory deductions and its remittances.
Module Ontology
State Level
ULB Level
Module Reports
Financial Management
Budget Reports
Accounting Reports
Deduction Reports
Revenue Reports
MIS Reports
Product Specification Document
User Manual
Environments
Staging -
https://staging.digit.org/employee/
Product OKR Tracker
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