FUNCTIONS OF ACCOUNTS DEPARTMENT
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The Accounts Department of the Railway Administrations is mainly responsible for : ·
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Keeping the accounts of the Railway in accordance with the prescribed rules;
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The check with reference to Rules or orders (known as “INTERNAL CHECK”) of transactions affecting the receipts and expenditure of Railway; ·
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Prompt settlement of proper claims against the Railway;
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Tendering as part of its important functions, advice to Administration whenever required or necessary in all matters involving Railway Finance;
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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;
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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 ·
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Seeing that there are no financial irregularities in the transactions of the Railway.
INSTRUCTIONS TO SUPPLIERS/CONTRACTORS
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Tederers should furnish NEFT particulars along with their quotations.
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Suppliers/Contractors payments will be made through NEFT only
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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.
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Payment through NEFT is based on the vendor No. / supplier code available in the purchase orders. Suppliers may obtain Vendor No. from Stores Department.
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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.
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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.
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