Budgets in Genoa Gov is the module for a government department's budget and allocations. Genoa Gov includes budget checks, meaning it checks that the allocation is sufficient before money is spent. The allocation becomes part of the accounts section's daily work, rather than a separate spreadsheet reviewed after the money has gone.
The budget is the annual financial framework a government department works within. Allocations are the amounts set aside for the department to spend under the budget's chapters and items.
An accounts section works with allocations every day, because every amount spent needs an allocation to cover it.
Genoa Gov includes budget checks: it checks that the allocation is enough to cover the amount to be spent before the money is paid out.
Because the check is part of Genoa Gov, it takes place in the same system where vouchers and cheques are handled.
Money spent without a sufficient allocation is hard to put right after the fact, and it can end up as a finding in an audit report.
Checking first means the accounts section knows whether the allocation covers the payment while a decision can still be made.
Every payment voucher draws on an allocation, so the budget in Genoa Gov is linked to payment vouchers and their approval, and to the cheques used to make payments. The budget and allocations remain part of the picture through month-end and year-end closing.
An allocation is the amount set aside for a government department to spend under a specific chapter or item of the budget.
In Genoa Gov, the budget and allocations are kept in the system, with a check that the allocation is sufficient before spending.
The allocation check is built into Genoa Gov, as part of the budgets module.
You can see how the check works during a demo.
Payment, receipt and journal vouchers audited and approved by more than one user.
Cheques handled in the same system as vouchers and the budget.
Close each month and close the fiscal year as two clear steps in the system.
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