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 -
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 DIGIT 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.
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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