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Accounts

FUNCTIONS OF ACCOUNTS DEPARTMEN

  • The Accounts Department of the Railway Administrations is mainly responsible for : 
  • Keeping the accounts of the Railway in accordance with the prescribed rules;
  • The check with reference to Rules or orders (known as “INTERNAL CHECK”) of transactions affecting the receipts and expenditure of Railway; 
  • Prompt settlement of proper claims against the Railway; 
  • Tendering as part of its important functions, advice to Administration whenever required or necessary in all matters involving Railway Finance;
  • Compilation of Budgets in consultation with other departments and monitoring the budgetary control procedures as may be laid down in the relevant orders and code rules from time to time;
  • Generally discharging other management accounting functions such as providing financial data for management reporting, assisting inventory management, participation in purchase/contracting decisions and surveys for major schemes in accordance with relevant rules and orders; and 
  • Seeing that there are no financial irregularities in the transactions of the Railway.
 

INSTRUCTIONS TO SUPPLIERS/CONTRACTORS

  • Tederers should furnish NEFT particulars along with their quotations.
  • Suppliers/Contractors payments will be made through NEFT only w.e.f. 01.06.2010
  • All the suppliers should enroll for NEFT payment made and option forms and e-mail id particulars are to be forwarded to FA & CAO’s Office.
  • Payment through NEFT is based on the vendor No. / supplier code available in the purchase orders.  Suppliers may obtain Vendor No. from Stores Department.
  • In case of contractors, the vendor code may be obtained from the concerned executive department and NEFT option forms may also be submitted to the concerned executive departments.
  • Suppliers / Contractors should mention their vendor no, bank account no (in full) and IFSC in their bill which will be verified with the particulars already submitted by the firms.



Source : Integral Coach Factory CMS Team Last Reviewed on: 22-10-2016  

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