OneBook Public Sector Accounting Solution

OneBook Accounting Solution works for all financial transactions there is no need for other supporting applications,ledgers, cash book’. It is fully automated.

Nigeria launches OneBook Accounting Software to enhance financial discipline

OneBook is an International Public Service Accounting Standard (IPSAS) Compliant accounting software suite developed by the Nigerian Government aimed at enhancing efficiency, accountability, and transparency across all levels of Government.

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module overview

OneBook software

OneBook is a software suite for public sector accounting developed for the use of the Federal Republic of Nigeria. OneBook is fully IPSAS compliant, web-based and can be used on-site or as a cloud solution.
  • Web-based, Java-powered platform

    Web-based, Java-powered platform No client installation Simply roll out Any system with a modern browser can access the solution

  • Full Handling of Public Sector Business Processes

    Budget, Release Warrant, Payment Vouchers, Payroll, Bulk Release, Cash Book, Revenue (IGR/FAAC allocations), Loans & Liabilities

  • OneBook – One Platform – multiple deployment scenarios

    Cloud, On-Site, Hybrid – Cloud & OnSite, Cloud,On-Site, Hybrid Cloud & OnSite, Robust Platform with guaranteed 99.9% availability, Fully Customizable, Fully Extendable to accommodate new transactions and accounting rules, Designed for government financial management, IPSAS Compliant

  • Production of full IPSAS Reports
  • Standard IPSAS chart of accounts - NCOA
  • Standard Accounting transactions

    Journal Vouchers Fixed Assets Inventory Amortization of inventory items

  • Accrual

    Vendor Liabilities Staff Salary & Pension Liabilities Withholdings

  • Payments typically made against release warrants
  • Multiple payments can be made against a single release warrant
  • Capture of payee/vendor details including payee’s BVN and bank account details
  • Payment by cheque or transfer with possibility of generating ready to use payment instructions or straight to bank interface
  • Capture of source bank and account details
  • Automatic calculation and deduction of statutory withholdings e.g

    Admin Charges Withholding Tax, etc based on the practice of the implementing state

  • Issuing of Release Warrants based on

    Document type recurrent, personnel & capital and implementing agency

  • Approval workflow based on any combination of amount, expenditure type and implementing agency
  • Multiple accounts can be included in a single release warrant
  • Approved Release Warrants automatically ‘allocates’ the funds from the budget figures
  • Real-time visibility into budgeted, released and available amounts per account, expenditure type, agency
  • Release Warrant captures project and programme details
  • Ensures compliancy with full IPSAS accrual standard
  • Accrual standards brings expanded view of state’s finances to include

    Assets, Liabilities

  • Single source of truth on government budget, appropriation, allocations, releases, obligations, expenditure and performance reporting
  • Eliminate redundant data recording, data exchange, validation, formatting and reporting since data is captured once, at the source
  • Standard business processes, accounting and data across the entire state government .
  • Provides real time visibility into budget compliance and performance- deviations and variances.
  • Reduces administrative costs due to standardized processes, discontinuation of disparate IT systems, and reduced paper documentation for accounting and auditing.
  • Standardized Processes with local adaptation

    Business Processes as practiced by each state, Data Integration, Revenue, Payroll, Withholdings , Reports

  • Turnkey Project

    Required Infrastructure, Customization, Training, Implementation Support, Project Management,

  • Final Project Costs depend extent of state readiness
  • Typical Project spans 4 months

    Project Workshop, Customization, Training, Data Loading, User Acceptance Test, Pilot Run, Live Take Off

Treasury Department

An effective and secure solution for capture of various forms revenue receipts – government allocations, taxes, etc.

Capture of all bank transactions – transfers, charges, etc.

Bank Reconciliation – ability to import

Budget

The ability to control and maintain budgets easily is essential to every public sector organization.

Budgetary control enables you to check and reserve funds real-time.

Ability to group ranges of accounts using the Budget Organization definition to aid budget maintenance. All accounts belonging to a particular range code are displayed in one place, facilitating changes to multiple budgets.

Ability to check and reserve funds capital and recurrent expenditures through the use of Release Warrants.

View Unutilized Budget “available to spend” at any time.

Accounts Payables

All the vital business information about your vendors/business partners accounts:

Instantly see the precise make-up of each partner account, including the amounts owed and how long debts have been outstanding;

Determine how and when payments are made and the level of analysis information on each transaction;

Integrated workflow for invoice approvals, updates to records etc.;

Supporting multiple payment methods;

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