e-governments

The eGovernments Foundation is one of India’s premiere organisations that assists and enables Urban Local Bodies in their eGovernance implementation.

eGov Financials is a double-entry fund-based financial accounting system, developed by The eGovernments Foundation exclusively for Indian municipalities as per the National Municipal Accounting Manual.

eGov Financials is a key component of an extensive Financial

Management System that addresses the end-to-end financial operations of an urban local body (ULB) by providing an integrated system that manages budgeting, asset management in addition to daily accounting and reporting. This system is a Fund & Accrual-based Double Entry Accounting system, compliant with the NMAM (National Municipal Accounting Manual) published by the Comptroller Auditor General (CAG) and Ministry of Urban Development, Government of India.
The system is based on simple, easy to use screens and is completely internet-enabled which makes it possible to provide the system to authorised users at various administrative levels including Head, Zonal and Departmental Offices. eGov Financials ensures that relevant data, after entry, is immediately available for report generation to all users in the ULB as opposed to generic backend data entry systems. In addition, the system can be integrated to an eGov City Website which will provide administrators, municipal authorities and citizens with easy-to-understand reports summarizing the ULB’s key financial indicators.

Integration

Features of eGov Financials

• Engineered as an efficient Financial Accounting System for Municipalities.
• Compliant with C&AG / UDD (GoI) accounting guidelines embodied in the National Municipal Accounting Manual (NMAM)
• Supports double-entry & Fund-based Accrual Accounting providing all statutory reports
• Transactions configured for ease of use by authorised personnel
• Secure System with role-based access control and approval workflows
• Provides on-demand statutory reports including:

    • Balance Sheet
    • Income & Expenditure with Schedules, Receipts & Payments
    • Budget Variance
    • Works Details (Contractor-wise bill and payment details)
    • Deductions
    • Bank Reconciliation, and more

Additionally, eGov Financials offers comprehensive functionality within the following parameters:
1.	Audit: Ability to classify capital & non-capital expenditures and receipts by fund, function, functionary, field and account codes.
2.	Expenditure Management: Work Orders, Bills Accounting, Sub-ledger payment, Standard Deductions.
3.	Fixed Asset Management: Asset definition, depreciation, disposal, sale and transfer of assets.
4.	Budgeting: Includes supplementary budgets and budgetary controls within a de-centralised budgetary planning process.
5.	Accounting: Day Book, Journal Book, Cash Book, Bank Book, Trial Balance & Contra Transactions