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J&K Finance department strictly directs Controlling officers to stick to scheduled time for reconciliation of accounts

 It has come to fore of Finance department that several Controlling officers are not adhering to the time frame for reconciliation for Accounts. Thus, in a stern action Jammu and Kashmir government has passed various instructions for reconciliation of receipt and expenditure figures for the year 2022-23.

J&K government has given instructions for reconciliation of receipt and expenditure figures for year 2022-23 according to J&K Budget Manual and fixed schedule. Also it has been clearly directed that responsibility for accounting errors, if any, shall devolve on the Controlling Officers.

As well as, government gave directions to Drawing and Disbursing Officers (DDOs) and Treasury Officers (TOs) regarding Red accounts.

It is pertinent to mention that every Controlling Officer must conduct the reconciliation in respect of receipts and expenditure with the Accountant General as per set schedule—for 1st Quarter (Ist to 15th August), for 2nd Quarter (1st to 15th November), for 3rd Quarter (1st to 15th February) and for 4th Quarter (1st to 15th June).

Since many Controlling Officers are not following the scheduled time frame which led to delay of timely closure of Accounting Books by the Accountant General, which led to issue with the Finance Department and with respective Controlling Officers.
The Financial Commissioner Finance Department has strictly directed that Controlling Officers who fail to reconcile their accounts for the year 2022-23 shall be deemed to have reconciled their accounts and figures appearing in their books and the same shall be treated as final.


The Financial Commissioner Finance Department has requested Administrative Secretaries to instruct the Controlling Officers falling under their administrative control to depute the reconciliation parties to the office of the Accountant General (A&E) for early reconciliation of receipt and expenditure for the year 2022-23 as per the fixed schedule, as per Daily Excelsior.

The instructions have been issued after the Accountant General (A&E) has brought to the notice of the Finance Department that the inventory of awaited Red DC accounts was increasing as the DDOs are not submitting the detailed Contingent Bills against the amounts drawn in advance on the Abstract Contingent Bills to his office with due promptitude