Solutions

• Overview
• Central Government
• Regional & Local Government
• Aid Projects

Solutions for Sub-National Government

Decentralization and devolution grant more authority and responsibilities to local and regional governments. As part of the decentralization process, new government structures with broader mandates are created to provide critical social services such as education, health, water supply or sanitation.

Sub-national governments need to manage more funds and more programs within the national budget. FreeBalance solutions for sub-national governments can be integrated with any financial management system at the central government level and are available in client-server and web-based configurations.

The FreeBalance Accountability Suite simplifies financial management at the sub-national level by hiding the complexity of central government accounting. Local and regional governments only see the funds and programs that they manage.

FreeBalance Solution Highlights

• Multi-Tiered Government Synchronization (MTGS) - MTGS automatically tracks budget transfers, local revenue and donor funds and different accounting methods at the sub-national level (e.g. cash) versus central government (accrual). MTGS enables low-bandwidth operations at the sub-national level that do not need to be connected with central government all the time.
• Streamlined Configuration - templates provide easy configuration that can be replicated at each spending unit of government at the regional or local level.
• Simplified Chart of Accounts (COA) - the COA is simplified to reflect only accounts relevant to the specific spending unit.
• Progressive Activation - solutions can be gradually configured with more selected options as certain levels of capacity or devolution phases are reached.
• Reporting - sophisticated reporting capabilities generate reports based on statutory, global or donor requirements, tracking expenditures by project, donor fund, or direct budgetary support.

Supported Standards

The World Bank Treasury Reference Model (TRM), the IMF Code of Good Practices on Fiscal Transparency, United Nations Common Functions of Government (COFOG), IMF Government Finance Statistics (GFS), International Federation of Accountants International Public Sector Accounting Standards Board International Public Sector Accounting Standards (IPSASs), Medium Term Expenditure Frameworks (MTEF), and Generally Accepted Accounting Principles (GAAP).