The J&K Finance department strictly instructs screening officers to stick to the scheduled time for account reconciliation

Last update on September 23, 2022 at 11:08 am

It became apparent to the finance department that several controllers do not meet the deadline for reconciliation of accounts. So, in a stern action, the government of Jammu and Kashmir has enacted various instructions for the reconciliation of revenue and expenditure figures for the year 2022-23.

J&K’s government has issued instructions for reconciling revenue and expenditure figures for the year 2022-23 in accordance with J&K’s budget manual and schedule. In addition, it has been made clear that accountability for accounting errors, if any, will rest with the controllers.

In addition, the government has issued instructions to Draw and Disbursement Officers (DDOs) and Treasury Officers (TOs) regarding red accounts.

It is relevant to mention that each control officer must carry out the reconciliation of income and expenditure with the accountant general according to the established schedule – for the 1st quarter (1 to 15 August), for the 2nd quarter (1 to 15 November), for the 3rd Quarter (from February 1 to 15) and for the 4th Quarter (from June 1 to 15).

Since many controlling officers do not meet the deadlines, which has resulted in a delay in the timely closing of the accounting books by the Accountant General, which has led to a problem with the finance department and with the controlling officers. respective control.
The Finance Commissioner’s Department of Finance has strictly ordered that controlling officers who fail to reconcile their accounts for the year 2022-23 be deemed to have reconciled their accounts to the figures in their books and that these be treated as final.

The Finance Department of the Commissioner of Finance has instructed the Administrative Secretaries to instruct the Controlling Officers under their administrative control to delegate the reconciliation parties to the office of the Accountant General (A&E) for the advance reconciliation of revenue and expenditure for the year 2022-23 according to the fixed schedule, according to the Daily Excelsior.

The instructions were issued after the Accountant General (A&E) brought to the attention of the Finance Department that the inventory of expected Red DC accounts was increasing as DDOs are not submitting detailed conditional invoices against drawn amounts. advance on the summary. Any invoices to his office as soon as possible