Detailed Record-Keeping of Receipts and Payments At the core of the Accounting Branch's responsibilities is the meticulous recording of all financial transactions related to the Board. This includes a comprehensive account of both incoming receipts and outgoing payments. By maintaining detailed descriptions, the branch ensures a transparent and traceable financial trail, fostering accountability within the organization.
Remuneration Management The Accounting Branch takes on the task of recording and managing the remuneration distributed to the entire staff, ranging from Zonal Supervising Officers to Examiners. This meticulous record-keeping ensures that all financial disbursements align with established guidelines and policies. Moreover, it plays a crucial role in fostering employee satisfaction and trust by ensuring timely and accurate compensation.
Monitoring and Auditing of Employee Benefits Employee benefits form a significant part of the overall expenditure, and the Accounting Branch vigilantly monitors and audits payments related to Employee's Pension, General Provident Fund (GPF), Travel Allowance (TA), Dearness Allowance (DA), and other associated benefits. This meticulous oversight guarantees the financial well-being of the workforce while adhering to regulatory standards.
Annual Budget Preparation The preparation of an annual budget stands as a testament to the strategic foresight and financial planning within the Accounting Branch. This meticulous process involves forecasting, analyzing past financial trends, and aligning budget allocations with organizational priorities. The annual budget serves as a roadmap, guiding financial decisions and resource allocations throughout the fiscal year.