The computerization of State Treasuries is an important step towards implementation of e-governance in J&K State and a milestone in the history of Accounts & Treasuries Organization Finance Department. The Computerization of Treasuries is crucial for ensuring real time reporting and management of the resources of the State. It will also enable the department to prepare and submit expenditure and revenue accounts to various quarters promptly and timely with least chances of errors besides ensuring instant reconciliation. It will also help the people in securing prompt payments and depositing revenues in the State Treasury from a distance depicting transparency in the Government transactions.
The State has embarked upon a big plan of computerization of State Treasuries with the assistance of Central Govt.Under Mission Mode Project where under all the Treasuries in the State are proposed to be computerized by the end of August 2012, in a phased manner under the programme named as Treasury Management Information System (TMIS) and new version of the software will be web based called Treasury net of Integrated Financial Management System (IFMS). The package covers all the functions of treasuries starting from the arrival of allotment of funds to the closure of accounts in the treasuries. The functions have been organized in various modules like payment and receipt module, generation of detailed accounting reports and other computerized operations which include account head wise daily/monthly reports of receipt/payments etc. At present three Treasuries are generating computerized accounts.