FINANCE AND ACCOUNTS UNIT

OBEJCTIVE

To implement financial management systems and procedures that conforms to the best accepted accounting practices and standards. This Unit is led by a Chief Accountant

FUNCTIONS OF FINANCE AND ACCOUNTS UNIT

The unit performs the following activities.
Salaries

• Prepare payment for salaries including statutory deductions.
• Payroll management.
• Budget for personnel emoluments.
• Prepare pension papers.
• Maintain records.

Cash Office

• Submit voucher list to the Treasury.
• Collect all cheques from Treasury.
• Bank cash and cheques.
• Prepare monthly flash report.
• Pay cash/ cheques to employees/customers (service Provider).
• Batch paid vouchers.
• Maintain cash book.
• Record/reconcile all imprest issued.
• Prepare and effect all payments.

Revenue

• Collect all revenues;
• Manage the revenue according to regulations and guidelines.
• Collect annual rent, application fees and other impositions.
• Supervise the collection of revenue.
• Bank reconciliation.

Budget

• Prepare budget.
• Monitor allocations and expenditure.
• Prepare Final Accounts and other Financial Statements.
• Pre - Audit/Examination
• Verify documentations to support vouchers, including authorization according to regulations.
• Verify financial documents to the relevant laws governing public Finance including regulations and circulars.
• Reply to Audit queries.