Tvm: Information Kerala Mission (IKM), the flagship e-Governance programme of the Local Self Government bodies in Kerala, has launched Accrual based Double Entry Accounting in Grama Panchayats using the ‘Saankhya’ Software. The software system, developed by IKM, was inaugurated by the Minister for Panchayats, Dr. M K Muneer today.
Saankhya works on the Accrual Based Double Entry Accounting system following the internationally accepted accounting principles. The software equips even the average employee to prepare the entire financial reports without depending upon accounting professionals. It records each financial transaction in real time and is exclusively customised for Urban Local Bodies and Panchayats.
The system doesn’t demand deep accounting knowledge for operating Saankhya Application and works in integration with the other IKM applications like Sanchaya, Sulekha, Soochika, Sevana CR, Sevena Pensions, Sthapana, Sugama, Sanketham, etc. The accounting process is made transparent by gives easy access to the financial information of Local Self Governments to the decision makers including Elected Representatives, Employees and Common man. The accounting is executed with the participation of the entire employees dealing with financial transactions.
Most of the local governments are facing shortage of manpower in handling day to day operations resulting in substantial delays in closing of annual accounts. The Saankhya application will go a long way in addressing this issue.
Kerala IT News