Sub accounts and treasury
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Sub accounts and Treasury. Accounting network. Mukhya Dak Ghar. Function in a self contained manner in r/o all its own counter services Competent to complete all transactions in savings schemes

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Sub accounts and treasury

Sub accounts and Treasury


Accounting network

Accounting network


Mukhya dak ghar

MukhyaDakGhar

  • Function in a self contained manner in r/o all its own counter services

  • Competent to complete all transactions in savings schemes

  • Work relating to consolidation & financial arrangements, MDG function like SO in a/w its HO

  • PM of MDG is in the grade of LSG and above

  • SO daily a/c will be forwarded to HO


Computerised office links

Computerised office - links


Relation between bo and ao

Relation between BO and AO

  • BOs are attached to account office (AO-SO)

  • BOs submit daily account of transactions to Account transactions

  • They look forward to AO for supply of funds

  • AO verifies and incorporates BO transactions in its account


Sub accounts work at so

Sub accounts work at SO

  • Receipt of BO bags from BOs and disposal of contents

  • Incorporating BO transactions in various branches and receipt of remittances, if any

  • Conveying ordinary and accountable mail for delivery at BOs

  • Supplying cash to BOs

  • Acknowledging BO balances


Transactions at bos

Transactions at BOs

  • Collection of unregistered mail from LBs and at office

  • Registered letter mail booked at office

  • Registered parcels booked at BOs – upto 10 kgs (requires rebooking at AO)

  • VP articles

  • Insured articles upto Rs. 600/-

  • Money orders (to be rebooked at AO)

  • SB/RD/TD transactions – incorporated in the accounts of AO


Receipt and opening of bo bag at ao

Receipt and opening of BO bag at AO

  • Treasurer receives the BO bag from mails PA

  • He/she examines the condition and opens in the presence of subaccounts PA

  • If remittance is made, weighs the cash bag , opens the same in the presence of subaccounts PA and secures the same

  • Treasurer signs in the daily account for remittance received

  • Hands over the daily account and other documents to sub account PA


Receipt and opening of bo bag at ao1

Receipt and opening of BO bag at AO

  • Role of sub account PA

    • Examine if all the documents are correctly received

    • Distribute the contents as shown in next slide

    • Secure the daily accounts for posting in subaccounts module later


Distribution of contents

Distribution of contents


Checking bo daily account

Checking BO daily account

  • Sub account PA should check and ensure that

    • Cash from BO acknowledged by treasurer

    • Cash remitted to BO taken into account

    • Date stamp impression on BODA

    • Opening balance is correct

    • The account tallies with documents such as MO issue, MO paid, SB deposit etc.

    • Details of closing balance agrees with closing balance

    • Cash and stamps retained is within the limits

    • Signature of BPM is available


Common irregularities by bos

Common irregularities by BOs


Bo summary

BO Summary

  • Generated in subaccounts module at AO

  • Transactions posted

    • Opening balance

      - Receipts

      - Total of Receipts

      - Payments

      - Total of payments

      - Closing balance

  • Consolidated due from BOs generated in subaccounts module after verification and adjustment of remittances


Accounting bo transactions

Accounting BO transactions

  • Each branch has to incorporate transactions

    • SB branch to post BO transactions and include in LOT

    • Point of sale to rebook MO/parcel/VP/PLI/RPLI transactions

    • Postman module enters data of RLs/VPs/RPs delivered and MOs/eMOs paid

  • Subaccounts module provides a tool for subaccounts PA to check if rebooking transactions are correctly done in Point of sale (Tools – Tally rebooked transactions)

  • Other branches to check the totals in the printout of BO summary and initial against the entry


Rebooking of bomos at ao

Rebooking of BOMOs at AO

  • BO issues temporary receipt in MS 87(a) for MOs booked and sends form to AO

  • AO rebooks BOMO in Point of sale entering the following additional info

    • BO receipt number

    • BO name and date booking

  • MO receipt is given to subaccounts PA for forwarding to BO

  • BO pastes AO receipt against the concerned temporary receipt


Index to bo receipts

Index to BO receipts

  • Maintained in subaccounts module for all types of receipts used in BOs

  • Used to watch continuity of receipts and avoid irregular usage

  • Subaccounts PA to enter the data of receipts used daily

  • Continuity report can be printed daily or periodically

  • Supervisor can enter the data of receipts sent when supply of new receipt books are made to BOs


Contents of bo bag from ao

Contents of BO bag from AO

  • BO slip(due document)

  • Unregistered articles

  • Registered articles, VP articles, insured

    articles of letter mail & parcel mail

  • MOs for payment

  • SB documents/passed warrants

  • Bills and acquittance Rolls

  • Cash bag with or without remittance


Purpose of generating bo slip

Purpose of generating BO slip

  • Acknowledge BO balance of previous daily account

  • Invoice accountable mail, MOs and other documents to BO

  • Advising remittance, if any

  • Issue instructions to BPM


Preparation of bo slip

Preparation of BO Slip

  • Generated by AO in subaccounts module

  • Particulars of accountable articles, MOs, MO receipts and other documents are invoiced

  • Remittance, if any, entered in treasury module automatically shown; Sub accounts PA to enter cash bag weight

  • Sub accounts PA prints the BO slips on completion of invoicing and includes in BO bag


Closing of bo bag

Closing of BO bag

  • Subaccounts PA collects the following and includes in BO bag


Closing of cash bag for bo

Closing of cash bag for BO

  • Subaccounts PA gets orders for remittance from Postmaster in BO daily accounts

  • Shows the orders to treasurer and gets acquittance

  • Treasurer closes the cash bag in the presence of subaccounts PA

  • Treasurer makes entries of remittances in Treasury module

  • Subaccounts PA notes cash bag weight for the remittance in subaccounts module and on the label of cash bag


Closing of cash bag for bo1

Closing of cash bag for BO

  • Subaccounts PA prints the BO slip after entering data of all valuables

  • He/she places the BO slip along with contents in BO bag

  • Treasurer places the cash bag in the bag in presence of subaccounts PA

  • Subaccounts PA closes BO bag immediately


Accounting work at po

Accounting work at PO

  • Watch the demo of functions in various branches and integration leading to generation of daily account

  • Exercise 1


Treasurer s cashbook

Treasurer’s cashbook

  • Generated by treasurer in Treasury module

    • At the close of the day

    • On completion of all transactions

  • Transactions serially numbered by the system

  • Treasurer to use the option ‘Prepare afresh’ before final generation

  • To confirm that all transactions are incorporated

  • To ensure that balance on hand agrees

  • Treasurer to ensure that balance shown in TCB agrees with that shown in daily account

  • Editing of transactions, if any should be done carefully

  • Should be signed both by treasurer and SPM


Closing account bag by so

Closing account bag by SO

  • Treasurer generates the daily account, but can only view the same

  • SPM can print the daily account only after day end

  • Before generating the daily account, the following tasks need to be completed

    • The account tallies correctly

    • Documents accompanying the daily account must be invoiced

    • Reasons for excess retention of balances, if any, should be furnished in ECB memo


Closing account bag by so1

Closing account bag by SO

  • After generating printout of daily account in treasury module, SPM performs floppy upload

  • The SO data folder is copied to offline device or uploaded by other authorised means

  • Now, the SPM signs the daily account , obtains Joint custodian’s signature

  • The daily account and other enclosures are placed in the account bag and the bag is closed


Authorised balances

Authorised balances

  • The office has to retain cash and stamp balances within the authorised limits

  • The limits can be found in the MAB

  • Cash balance

    • Minimum and Maximum limits are prescribed

    • Balance should not fall below minimum limit

    • If there are liabilities, Cash to the extent of Min + liabilities to be retained

    • If liabilities exceed maximum, cash to the extent of liabilities only to be retained

  • Stamp balance

    • To operate within the authorised maximum

  • BO balances

    • Account office to ensure that BO balances are within the maximum prescribed in the CMAB


Ecb memo

ECB memo

  • Office needs to remit excess collections to bank/HO/cash office and maintain balance within the limits

  • If balance retained exceeds the limits, ECB memo has to be submitted by SOs other than HSG/LSG

  • ECB memo details are entered by Supervisor in treasury module


So slip

SO Slip

  • SO Slip is sent by HO everyday to all the SOs

  • Acknowledges previous daily account balance

  • Also used by HO

    • To invoice stock of IPO’s and NSC’s

    • To invoice SB slip

    • To invoice checked BO daily account

    • To invoice acquittance rolls

    • To invoice MO pads & MO receipt book

    • To advice remittance, if any

      • Cash

      • Stamps


Functions at ho

Functions at HO

  • Generates HO summary for its own office (like SO daily account) in treasury module

  • Uses subaccount module to

    • Generate SO summary (consolidation of SO transactions

    • Generate SO transit/advance summary

    • Print SO slip

  • Generates HO cashbook daily in Accounts module (consolidation of HO & SO transactions) for the previous day

  • Generates Monthly cash account in Accounts module for submission to PAO


Functions of accounts branch

Functions of Accounts branch

  • Drawal of pay & allowances and other dues for the staff of HO and SOs under the HO

  • Maintaining service book and leave account of the staff

  • Maintaining GPF account

  • Drawal of pension for pensioners and maintaining related accounts

  • Generating schedules of various transactions

  • Generating Form 16 for income tax returns

  • HO uses Accounts and Accountant PBS module for this purpose


Supply of pbs certificates etc

Supply of PBs, certificates etc.,

  • Supply stock of NSC’s to SOs based on their requirement

  • Replenish stock of IPOs to SOs

  • Supply blank passbooks to SOs based on their requirement

  • Supply MO receipt book, Cheque book, SB-26, SB-28, NC-4(a), LI-37 & PLI-12, ACG-67 etc., to SOs & watch continuity in issue of receipts


Functions of sosb branch

Functions of SOSB branch

  • Post the SO transactions of accounts except decentralised account types, daily

  • Generate consolidated journal everyday

  • Forwards interest statement for SB/PPF accounts to SOs

  • Maintaining NC12(a) register and submission of NSC returns to PAO (using CC bridge software)

  • HO uses SOSB module of Sanchay Post to perform all these transactions


Functions of sosb branch1

Functions of SOSB branch

  • Maintain objection register and following settlement

  • Submit periodical returns to PAO,DO, ICO(SB) at R.O.

  • Periodicity for binder agreement –

    • For decentralised accounts like RD, MIS, SCSS, once in 6 months as on 30/06 & 31/12

    • For centralised accounts like SB,TD once in 6 months as on 31/03 & 30/09


Sbco functions

SBCO functions

  • To maintain control register for all types of accounts

  • Carry out percentage check of vouchers everyday

  • Verify ledger balances periodically

  • Has safe custody of important records such as

    • vouchers & lists of transactions,

    • undelivered pass books,

    • interest statements , control registers etc.,

  • Check of interest calculation in SB/PPF accounts


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