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Financial Module (FM) is a key module in web-based integrated ERP software that that is built on coexistence with DIGIT which enables municipalities to create and manage Financial Transactions financial transactions like Budgetbudget, Revenue Demandrevenue demand, Receiptreceipt, Advancesadvances, Depositsdeposits, Billsbills, Paymentspayments, Asset Creation asset creation (Capitalizationcapitalization), Fund Transfer fund transfer and also Reconciliations reconciliations and Reportingreporting.
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 fund based double-entry accrual accounting system designed in line with National and Punjab municipal accounting manualthe National Municipal Accounting Manual.
Features Offered
Features offered to the citizens-
Features offered to the Employees-
Ontology Defined
State Level
ULB Level
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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