The accounting system being followed in Municipalities is different from the normal accounting systems followed in commercial practice. The accounting system is designed to seamlessly record all the financial transactions taking place in various departments of the municipalities.

The main features of the financial accounting module are :

• Accrual accounting
• Assets/Liability recording

• To record all receipts from different modes of payment
• To record all payments
• To generate all records required under the law
• To generate statements required by various authorities for budgeting and decision making
• To maintain accounts required under the law