|
The Government of India appointed a Task Force in 2002
under the Comptroller and Auditor General of India (C&AG) to prescribe
the accounting systems and processes to be followed by ULBs for
enhancing the capacity of their systems and operations, financial
procedures and accounting systems. These recommendations were embodied
in the National Municipal Accounting Manual (NMAM). The Karnataka
Municipal Accounting Manual has been developed based on the NMAM, C&AG
task force recommendations and professional literature from the
Institute of Chartered Accounts of India (ICAI).
The eGov Financial Accounting System computerizes the
accounting operations of a City Corporation or Municipality and provides
an entire IT system that manages daily accounting and statutory reports.
The system enables the ULBs to move to a double-entry, accrual basis
accounting system with the ability to prepare Balance Sheet and Income &
Expenditure Accounts for their operations. The system provides simple,
easy to use screens to enter accounting data and produce all the
statutory reports specified in the KMAM. In addition, it will be
integrated to the Property Taxation system to create automatic
accounting transactions triggered by property tax receipts. Similarly,
the system provides integration capability with other software
applications to automatically capture the financial accounting impacts
of activities in these systems.
Click here for Financial Accounting(Fund Based Accounting Sysytem)
The following salient features of the eGov Financials system make it
uniquely suited for Karnataka's ULBs:
 Compliant
with C&AG/UDD accounting guidelines- Supports double-entry, accrual basis accounting
- Supports Fund-based accounting
- Highly flexible codification structure in line
with the recommended structure of NMAM
- Transactions screens configured for ease of use
by ULB personnel
- All statutory reports (Balance Sheet,
Income/Expenditure) as specified in the KMAM
- Security with role-based access control
- Full financial disclosure through the city
website
- Internet based architecture
Citizen Centric:
The financial accounting system is expected to be operational
throughout the state by April 2006. Following this, financial reports
summarizing the state of the ULB's financial health will be put out for
the citizens on a regular basis, giving them an opportunity to If
you have inputs on how to make this system better please send your
inputs to
contact@egovernments.org |
