Functions and Responsibilities of Accounts Department

The following are the functions and responsibilities of Accounts department


  1. Finalization of Accounts within two months of end of financial year.
  2. Bank Reconciliation: on quarterly basis and when needed.
  3. Correspondence with Ministry and other outside agencies
  4. 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
  5. Verification of claims such as TE Bill and off-cycle payments of staffs etc.

What’s New