A brief introduction of ibas. ibas++ (integrated budget and Accounting System) is an integrated financial management information system for the government of Bangladesh. It is a centralized, internet and oracle-based software, which allows budget preparation, budget distribution to the field offices, fund release, reappropriation, online submission of pay and another bill, payment processing through eft.
Cheque and payment order, accounting of all receipts and payment of the government, automated bank reconciliation etc. The system will provide a complete picture of the financial assets and liabilities of the government at a given point of time, after the complete implementation of the system. iBAS++ has the following key modules
Key Improvment of ibas++
ibas is a distribution system running with the WAN of Finance Division, whereas ibas++ is a centralized and internet-based system. ibas is a transaction capturing system without a general ledger as a result lacks essential budgetary and accounting controls. On the other hand, ibas++ is a general ledger-based system with budgetary and accounting control provisions.
ibas++ does not have provision for budget distribution, fund release and re appropriation with ibas++ provides.
Budget and accounting control is enforced by this modules at the backend.
It helps provide an updated picture of financial assets and liabilities as well as financial flows. Budget Preparation live operation started in January 2016. budget execution will start from July 2016 and the rollout of the accounting module will be completed in 2016-17 based on the existing classification.
New Classification will be the basis of budget preparation, execution, and accounting for the fiscal year 2017-18. Full Committment control and asset management by 2019-20