Introduction of V2SBCO Software • V2 SBCO Software was introduced to facilitate SBCO for automatic generation of consolidated Journals, SB-62, SB-62(a), SB-63 and SB-88. • No orders were issued from Directorate of discontinue maintenance of manual control registers. • No orders were issued for data security or data back up in V2SBCO. 1.3.1
No amendment was made in the SBCO Manual at the time of introduction of V2SBCO which means there was no change in the basic functions of SBCO. • SBCO started maintaining separate data of each account pay posting from the LOTs without any provision in the rules to maintain such data.
From this data, SBCO started agreement work and generation of interest statement based on the control registers generated by the V2SBCO automatically. • No orders were issued for tallying of V2SBCO and SBSO balances. Therefore, no such exercise was carried out in most of the circles.