Priasoft- Panchayati Raj Institutions Accounting Software

PRIASOFT is one of the software developed under the e-panchayat Mission Mode Project. It maintains the record of all the inflows and outflows of the Panchayati Raj Institutions.

Priasoft

It does not merely maintain the books of account, but also helps in monitoring the transactions such as allocation of funds, expenses incurred, fund transfer and loans, automatic generation of reports.

PRIASOFT is one of the Centralized Accounting Software which maintains the books of accounts of all the 3 levels of Panchayat; namely, District level, Block Level and Village Panchayat.

The software follows the Cash Basis of Accounting and double-entry bookkeeping system. It helps in better accounting, because of its simplicity, transparency, and user-friendliness.

Features of PRIASOFT

  1. Follows C & AG

PRIASOFT follows the four-tier accounting classification system and reports are presented in the format directed by C&AG. The schemes of the Central and State Government are charted at the sub-head level for the accounting to run smoothly under each scheme.

  1. Opening Balance

PRIASOFT facilitates all the Panchayati Raj Institutions to indicate the opening balance of each scheme individually under the Bank/ Treasury/ Post Office Accounts with a one-time entry, and it will be automatically generated for further entries.

  1. Double Entry System of Book-keeping

PRIASOFT follows the double-entry system of book-keeping which means recording both, the debit and the credit side of a transaction. However, it is relatively simpler because it follows the Cash basis of accounting i.e. only cash transactions are recorded, no receivable or payable transactions are entered into the accounts.

  1. Work Case Record

The software records the particulars of work, expenses incurred under the work, and advances allowed under the work.

  1. Reconciliation with Bank/ Treasury/ Post Office

PRIASOFT helps the PRIs to reconcile their books with the passbooks maintained by Banks, Treasuries, and Post Offices.

  1. Closure of books

It facilitates easy closure of books of accounts at the end of a period, daily, monthly or yearly. The accounts are carry-forwarded accordingly.

Panchayati Raj Institutions Accounting Software

  1. Synchronization of Inter-PRI Accounts

It helps in the smooth synchronization of the PRIs of all the 3 tiers of the State, especially when there are inter-PRI transactions such as transfer of funds or advances. This helps in the maintenance of correct data.

  1. Record Receivables/ Payables

PRIASOFT allows the PRIs to record the details of the funds to be received or to be paid at a future date.

  1. Reports

To get a full view of the financial position, PRIASOFT also prepares various MIS reports which help the higher management at State and National level to ascertain the situation of the Panchayat Raj Institutions easily.

  1. Helps to adapt variations across states

The software adapts to the suitability of different states because different states have different capabilities and experiences, thus their accounting processes vary.

PRIASOFT

  1. Citizen Interface

To maintain transparency with citizens, PRIASOFT prepares reports for citizens which consists of inflows and outflows of the PRIs, work and scheme-wise budget allocation and expenditure, and revenues up to the voucher level.

  1. Technical infrastructure

The technical infrastructure of PRIASOFT helps in data exchange with other PES family products.

  1. Standardization

The software comprises Major and Minor Heads, Sub-Heads plus Object Heads. The central and state schemes are classified under the Sub-Head level.

  1. Integration

The software gives users, the freedom to choose the account head to take all the receipts and expenditures into account.

  1. Native languages

The software has the feature to use the language as per the preference of the user so that everyone can derive benefit from it.

  1. Security

To make sure the data is safe and secure; the software maintains strong authentication means and keeps up comprehensive audit logs of each transaction entered through PRIASOFT.

  1. 24*7 Availability

PRISAOFT is a web-based software, so it is available 24*7 to its users.

Users of Priasoft Software

The main or the target users of PRIASOFT ARE:

  1. Comptroller and Auditor General (CAG)
  2. State Auditor General (State AG)
  3. Zilla Panchayat administrator
  4. Zilla Panchayat User
  5. Block Panchayat Administrator
  6. Block Panchayat User
  7. Village Panchayat Administrator
  8. Village Panchayat User

System Requirement to Get Priasoft Software

There is a minimal system requirement for using PRIASOFT which are as follows:

  1. Internet Explorer 6.0+ or Mozilla Firefox 4.0+
  2. Internet Connection

Sections in PRIASOFT

  1. Master entry

Covers the master data i.e. Account Heads, Banks, Treasuries, Post Offices, Schemes, Stocks, Opening balance, Note of error, Beneficiaries etc.

  1. Transactions
  • Voucher entries of 4 types- Receipts, Payments, Contra, and Journal
  • Account reconciliation with Bank, Post offices, and Treasuries.
  1. Period End Procedures

In this the closure of Day Book, Month Book, and Year Book take place.

  1. Reports
  • Follow the 8 formats prescribed by the C & AG.
  • Supplementary Accounting Reports as per the requirements of the State.

We here mentioned all the important features of Priasoft software. For more updates check Timesalert.

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