REVENUE CONTROL AND EXPENDITURE CONTROL

REVENUE CONTROL AND EXPENDITURE CONTROL

Accounting information system and its procedure is said to be achieve accurately, in a selected government parastatals if they ensure that there is a control measure in the revenue and expenditure.

Revenue control is the various checked put in place to ensure that all money due are received and accounted for. The revenue control system in the public sector is designed to have the following elements.

1. Periodic monitoring
2. The revenue administration system to ensure that services are not rendered without charges being reviled.
3. Timely issuance of all revenue documents
4. Prompt lodgment of cash into the bank of all money received and establish authority limit for revenue handling.

Expenditure control could be defined as the string of coordinated actions which have to be taken to ensure that all expenditures are wholly necessarily reasonably and exclusively incurred for the purpose which they are meant.

There are basic control exercise over government expenditures which are:

1. The executive control
2. Legislative control
3. The ministry of finance
4. The departmental control