Cash Unit
Managing Financial Transactions with Precision and Integrity
The Cash Unit of the Directorate of Knowledge Management in Agriculture (DKMA), under the Indian Council of Agricultural Research (ICAR), is responsible for managing all cash transactions and maintaining financial liquidity within the organization. This unit plays a vital role in handling day-to-day cash operations, ensuring that all financial activities are conducted with accuracy, transparency, and in strict compliance with government regulations.
As the custodian of DKMA's cash resources, the unit oversees cash disbursements, receipts, petty cash management, and reconciliation of cash accounts. It ensures that all cash transactions are properly documented, authorized, and accounted for in accordance with ICAR's financial procedures and government accounting standards.
The Cash Unit provides essential financial support to all DKMA divisions by ensuring timely availability of funds for operational needs. By maintaining efficient cash flow management, the unit enables various departments to carry out their activities without financial interruptions, supporting DKMA's mission of agricultural knowledge dissemination.
The Cash Unit manages salary disbursements in cash where required, handles travel advances and settlements, processes vendor payments, and maintains imprest accounts for various departments. It also oversees the safekeeping of cash and implements robust security measures to prevent financial irregularities.
The unit is responsible for maintaining accurate cash records, preparing daily cash statements, and conducting regular cash verifications. It ensures that all cash transactions align with budgetary provisions and that proper internal controls are in place to safeguard DKMA's financial assets.
Key Functions
- Cash disbursement and receipt management
- Petty cash administration and replenishment
- Cash book maintenance and reconciliation
- Travel advance processing and settlement
- Imprest account management
Cash Services
- Salary disbursement in cash
- Vendor payment processing
- Cash verification and auditing
- Security of cash holdings
- Emergency fund management
The Cash Unit is committed to adopting modern cash management practices and digital solutions to enhance efficiency and security. It leverages financial management systems to streamline cash processes, reduce manual handling, and improve the accuracy of cash transactions.
The unit also provides guidance and support to DKMA staff on cash-related procedures, including advance applications, expense reimbursements, and proper documentation.
With a focus on precision, security, and accountability, the Cash Unit continuously works to strengthen internal controls and improve cash management processes. Its efforts contribute significantly to DKMA's financial integrity and operational efficiency.
In essence, the Cash Unit serves as the financial custodian of DKMA's liquid assets, ensuring that all cash operations are conducted with the highest standards of accuracy, security, and regulatory compliance.