Introduction
Financial Module (FM) is a key module in web-based integrated ERP software that 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 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.
Module Features
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.
Module Ontology
State Level
ULB Level
None
Module Reports
Financial Management
Budget Reports
Accounting Reports
Deduction Reports
Revenue Reports
MIS Reports