Accounts

Accounts


Functions and Responsibilities of Accounts Department

The following are the functions and responsibilities of Accounts department

Accounts:

  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.

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