Government Financial Accounting System (G-FACTS)

1. Government Financial Accounting System (G-FACTS) http://gfacts.bih.nic.in/ RURAL DEVELOPMENT DEPARTMENT, GOVERNMENT OF BIHAR NATIONAL INFORMATICS CENTRE BIHAR STATE CENTRE gfacts-bih@nic.in Email:

2. GFACTS Government Financial Accounting System Government Financial Accounting (G-FACTS) System Shailesh Kr Shrivastava, Technical Director gfacts-bih@nic.in Government Financial Accounting System

3. GFACTS Government Financial Accounting System (G-FACTS) This uses Double entry Accounting system which is considered to be more transparent, accurate and error free approach. This can assist any office for preparing counts, Cash Books and other analysis reports required for day-to-day financial Management. This helps to prepare Cash Book, Bank Book, Journal Book, General Ledger, Subsidiary Ledger, Trial Balance, Sub Trial, and Balance Sheet.

4. Existing System GFACTS Manual system and based on single entry book keeping system. Single Entry System An incomplete bookkeeping system . Maintains account in a single way. Amount is either credited or debited. Doesn’t follow general rules & regulations. Based on manual work process. Need of paper records. Reliability of the certificate may not be satisfactory. Time consuming.

5. Computerized system and based on double entry book keeping system . Double Entry System A complete bookkeeping system . Each transaction is recorded in two accounts. Each account has two columns one for debit and other for credit. Accurate information due to arithmetic accuracy. More transparent and error free approach. Knowledge about financial position of business entity. Tells about profit and loss. GFACTS Proposed System

6. GFACTS Objectives & Features Fast monitoring, planning, and decision making. Making Fund Transfer Processes faster, correct, and automatic within time frame. Strengthening of District and Block level Accounting System. Maintenance of Bank Accounts. Timely submission of Utilization Certificates . e-Governance of Financial Transactions.

7. GFACTS Fund Flow Receiving Funds from Central and State government. Transferring funds to bank. Preparation of vouchers . Issuing cheques/DDs .Fund allotments as advance . Issuing cheque books & cheque clearance case. Utilization certificates. Auditing & preparation of balance sheets.

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11. Tools/Platform GFACTS H/W Platform : Core 2 Duo Servers and Clients Operating Syste : Windows 2000 Server and Windows XP Service Pack 2 RDBMS : Sql Server2005 Front-end GUI Tool : ASP.net2.0 Languages : JavaScript, C# Web Server: IIS 5.0 or more

12. GFACTS System Design Modules

13. GFACTS USER INTERFACE DESIGN

14. GFACTS First Page WEBSITE ADDRESS http://gfacts.bih.nic.in/

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16. GFACTS Login Form

17. GFACTS Accounting Opening Balance Entry:Main/sub Account

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19. GFACTS Maintenance :Main Account

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