NCERD - Accounting Unit

THE ACCOUNTING UNIT

The Accounting Unit in the National Centre for Energy Research and Development (NCERD) plays a crucial role in managing the financial operations and ensuring accountability and transparency in the use of funds. Here's a breakdown of its key functions:

1. Budget Preparation and Monitoring

Prepares annual budgets based on departmental inputs.
Monitors expenditure to ensure alignment with approved budgets.
Assists in financial planning and allocation of research grants.

2. Financial Record-Keeping
Maintains accurate and up-to-date financial records.
Records all transactions related to income, grants, donations, and expenses.
Ensures records comply with financial regulations and standards.

3. Payroll Administration Processes salaries, stipends, and allowances for staff and researchers.
Manages deductions (e.g., pensions, taxes) and remittances to appropriate bodies.

4. Grant and Fund Management
Manages research funds and external grants.
Prepares financial reports for donors and funding agencies.
Ensures compliance with terms and conditions of funding agreements.

5. Audit and Compliance
Prepares for internal and external audits.
Implements audit recommendations.
Ensures adherence to government financial guidelines and institutional policies.

6. Procurement and Payments
Coordinates financial aspects of procurement.
Ensures proper documentation and approval of payments.
Handles vendor payments and tracks outstanding liabilities.

7. Reporting and Financial Analysis
Prepares periodic financial statements and management reports.
Analyzes financial data to support decision-making by management.