# Finance ## About DIGIT-Finance DIGIT-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 to maintain financial records of ULBs following established procedures and practices. The module follows a fund based double-entry accrual accounting system designed to synch with the standards outlined in the National Municipal Accounting Manual. ## Key Features The financial module enables users to - 1. Posting of General Ledger 2. Bill Processing: Generation of bills for varied items such as purchases, works, and salaries 3. Payment Processing: Payments are processed based on the type of expense type 4. Receipts Processing - from other DIGIT modules or from any other third party application 5. Service Wise, Bank account mapping - Configurable 6. Collection Remittances - Configurable mode of collection wise 7. Budgeting: Upload Budgets, Budgetary Controls, Budget Enforcement & Budget Re-appropriations 8. Asset Management: Asset Categorizations, Depreciation, Capitalization & Improvement, Revaluation, sale and disposal 9. Contra Entry, Bank-reconciliation, Deduction Management & period End Activities. 10. Deduction Management - processing statutory and non-statutory deductions and its remittances. ## Section Overview This section contains all docs and information required to understand the FM module, its key features, functional scope, and configuration details. Click on the links below to learn more about deploying, configuring, customizing, and using the FM module. * Functional Specifications * FM Roadmap * FM User Manual * Product Brochure * FM Workflows * Master Data Configuration Template * FM Service Configuration * Implementation Handbook * Demo Script {% hint style="warning" %} **Navigation Tips** * Click on the embedded links within the content to browse topic details * Use the Contents links available on the right side of the screen to move to a specific heading * Find the list of Related Docs links at the bottom of each page to browse through additional product details {% endhint %} ## Contact Us Reach out to us through any of the below-mentioned contact channels for any assistance or additional information on DIGIT-Finance module deployment. {% hint style="danger" %} \#147/J, 1st floor, 10th Cross,\ 12th Main, 3rd Block,\ Koramangala, Bangalore 560034 * [Find us on map](https://goo.gl/maps/pYCFMhHWW7r) * +91 80 4125 5708 * {% endhint %} > [![Creative Commons License](https://i.creativecommons.org/l/by/4.0/80x15.png)](http://creativecommons.org/licenses/by/4.0/)*All content on this page by* [*eGov Foundation*](https://egov.org.in/) *is licensed under a* [*Creative Commons Attribution 4.0 International License*](http://creativecommons.org/licenses/by/4.0/)*.* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.digit.org/local-governance/v2.7/products/modules/finance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.