The only sources of income of a government are the taxes it collects and sundry fees various departments and agencies charge for a variety of services such as utilities, permits, visas, fines, etc. It is therefore critical that these receipts are managed efficiently and effectively. The FreeBalance Accountability Suite™ offers tax administrations and integrated government revenue management. This course provides a general overview of the features and benefits of using the FreeBalance Accountability Suite’s™ Revenue Management module.
- Explain the key features of an effective Revenue Management System
- Understand the process, features and integration of the Revenue Management module
- Generate revenue reports using different methods
- Revenue Vouchers
- Receipt Vouchers
- Debit and Credit Notes
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
Fixed Assets Management
The Fixed Assets Management module supports fixed asset accounting, depreciation, custody transactions and asset transfer management. Effective asset management provides real benefits and cost savings to public sector organizations.
Budgeting and Appropriations
Executing a fiscal budget is a crucial responsibility of any government. To ensure that spending stays within the approved limits, various budget controls are put in place during the budget execution phase. The Budgeting and Appropriations course trains government officials in these vital expenditure controls.
Government Treasury Management helps the spending units set payment priorities. The Treasury updates bank balances through the bank statement, which includes daily revenue collections. Based on the liquidity available, the Treasury can decide which payments to release and which payments to delay.