Accounting and Finance
The NMAM – Complaint Municipal Finance and Accounting 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.
NMAM – Complaint Municipal Finance and Accounting enables municipalities to maintain financial records of ULBs by following established procedures and practices. The module follows a fund based double-entry accrual accounting system designed to sync with the standards outlined in the National Municipal Accounting Manual.
Key Features
The NMAM – Complaint Municipal Finance and Accounting 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 UPYOG 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.