Finance Module Functional Specifications

Functional overview for stakeholders

National Municipal Accounting Standards compliance is necessary for ULB funding and grants. The Accounting System is an NMAM compliant application which can be integrated with all the other relevant modules (both internal as well as third party system) with budgetary controls in place. The complete books of accounts can be maintained at one place which enables the creation of Financial statements. The high level feature set is listed below.

Masters	Chart Of Accounts Bank Bank account Fund Function Financials year Scheme and sub-scheme Vendor (Contractor/Supplier) Recovery codes Accounting entities and User defined masters Cheque master Ledger opening balance Service to Bank Account mapping
Expenditure Accounting	Creation and approval of expense bill Create and approve voucher from bill Payment of Bills Direct bank payment Cancel Bill Cheque Assignment RTGS Assignment Surrender and reassign cheques Surrender and reassign RTGS
Revenue Accounting	Creation and approval of receipt voucher Creation of day end remittance vouchers Miscellaneous receipts
Journal Voucher	Book adjustment entries (General Journal vouchers) Creation and approval of Vouchers of type - Works, Purchase, Fixed Assets
General	Cancel Voucher View Voucher
Reports	Accounting Reports General Ledger Trial Balance Bank book Day book Journal book Opening balance Collection Reports Receipt Register MIS Reports Bills and Payments Cheque issue register RTGS Advice
Configuration data	Master data upload System configuration set up