Accounting and Finance

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 following established procedures and practices. The module follows a double-entry accrual accounting system designed to synch 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.

Accounting and Finance