Finance

Finance module streamlines municipal accounting and transaction processes

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

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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.

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