Accounts
Functions and Responsibilities of Accounts Department
The following are the functions and responsibilities of Accounts department
Accounts:
- Finalization of Accounts within two months of end of financial year.
- Bank Reconciliation: on quarterly basis and when needed.
- Correspondence with Ministry and other outside agencies
- Investments :
- Monitoring of the bank balances on day to day basis
- Timely placing of the deposits,
- updating of the control sheet and
- reconciliation of the control sheet with the books of accounts on quarterly basis
- Verification of claims such as TE Bill and off-cycle payments of staffs etc.