With the NKR/NKF system INFOMA® offers a complete process for targeted realisation of the new municipal budget and accounting system, thus, introduction of the double-entry accounting style.

The central element is the yield component, which includes charges as well as revenue. Resource consumption and revenue are included completely and in accordance with the accruals concept to ensure the principle of interperiod equity. Moreover, the aims and results of municipal transactions and, thus, an output orientation, as well as the community’s assets, are displayed to achieve financial management based on efficiency and transparency.

The three-component system is integrated into the NKR/NKF system from a planning and accounting perspective. The previous, purely commercial financial accounting has been completely redeveloped for the process. The result is a specialised double-entry booking system for public administration. The standard “out of the box” commercial financial accounting falls short here. The term municipal double-entry described the topic well. The process is a complete and comprehensive development, which meets the needs of a double-entry accounting system completely.

Local authorities require a municipal accounting system that, in principle, only has the commercial bookkeeping style in common with the private sector. Everything else is a specific requirement, e.g. double-entry deferral/suspension, commitment appropriations, resource management, resource monitoring, budget planning etc. One of the biggest advantages of newsystem® public is the inclusion of a data and function model for municipal functions in the double-entry system, which has been completely integrated from the beginning. This differentiates newsystem® public fundamentally from products that are just converted classic accounting systems with commercial bookkeeping and asset accounting added, or that extend the account plan unnecessarily and confusingly with product ledger accounts.

Budget execution   Double-entry budget execution provides a comprehensive tool for profitable municipal transactions. Accounting revenue can be processed simply and quickly. More...   Enforcement   The modular enforcement component performs rational management of all enforcement processes. It ensures simplified and accelerated flows in administration, in the enforcement field team and during data exchange. More...   Cashier’s office   The cashier’s office under the double-entry system deals with diverse processes in the daily implementation of all bookkeeping tasks, including processing transactions and monitoring claims. More...   Budget planning   In accordance with the principle of intergenerative equity, the double-entry budget is completely charted - with reference to resource revenue and resource consumption - and in accordance with the accruals concept. More...

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