Central Divisions

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Accounting and Budget Management

Managing budgets and internal accounting

Handles accounting, budget planning, and financial reporting to support fiscal governance and internal transparency.

What We Do

Manages internal accounting and budget execution processes

The Accounting and Budget Management Division handles the financial planning and budget execution of the Lualaba Tax Directorate. It develops the annual budget, oversees the allocation of financial resources, and monitors expenditure in accordance with provincial fiscal guidelines. The division ensures accurate bookkeeping, manages the treasury plan, and supports coordination between divisions and financial institutions.

Its responsibilities include producing periodic financial reports, editing fund release statements, and overseeing the management of allocated credits. It also monitors the portion of penalties and bonuses assigned to services, manages accounting records, and ensures compliance with financial procedures. Through systematic reporting and strict control mechanisms, it enhances the Directorate’s transparency and credibility.

Services Offered

Ensures sound fiscal planning, execution, and budget control

This division manages the Directorate’s internal accounting, prepares the budget, monitors expenditures, and ensures compliance with fiscal reporting standards and policies.

Budget Planning

Coordinates the development of annual budgets aligned with strategic goals and available resources to ensure operational efficiency.

Accounting Records

Maintains accurate, up-to-date records of all income, expenses, allocations, and fund usage for transparency and audits.

Credit Management

Monitors how allocated credits are used, flags deviations, and ensures expenditures stay within the limits of approved funds.

Financial Reporting

Prepares and submits budget execution reports, treasury plans, and reconciliation statements to internal and external authorities.

Audit Preparation

Supports internal and external audits by consolidating financial data, documentation, and justification for all transactions.

Fund Transfers

Manages movement of funds between Directorate accounts and ensures timely processing of payment orders through banking partners.

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Our Process

A step-by-step guide to how we deliver this service

This division prepares and executes the Directorate’s budget, monitors expenditures, manages fund disbursements, and ensures that financial records are accurate, compliant, and ready for audits at any point in the fiscal year.

Develop Annual Budget

The division drafts an annual budget in consultation with other departments based on strategic and operational needs.

Track Credit Allocation

Allocated funds are disbursed to departments, tracked, and logged to ensure legal and responsible financial use.

Record Transactions

Every expense and transfer is recorded in ledgers and financial systems, with supporting documentation attached.

Reconcile Financial Data

Monthly reconciliation is performed to align internal records with bank statements and supplier reports.

Monitor Budget Execution

Progress is reviewed regularly to detect anomalies, avoid overspending, and recommend adjustments if needed.

Reports are compiled and submitted to leadership and external auditors to demonstrate financial transparency.

FAQ

Frequently Asked Questions

Find answers to the most common questions about this service

It prepares the Directorate’s annual budget, monitors spending, records financial operations, and ensures compliance with fiscal reporting standards.

Yes. Divisions may submit a justified request, but approval depends on availability of funds and executive validation.

All income and expenses are recorded by this division, which maintains ledgers and supporting documents for each transaction.

Monthly, or as needed, to ensure that internal records match bank statements and actual disbursements.

Execution reports, treasury plans, and compliance summaries are submitted to internal leadership and external auditors.

Access is restricted but possible through official request if justified by operational responsibilities.

What is the role of this division?

It prepares the Directorate’s annual budget, monitors spending, records financial operations, and ensures compliance with fiscal reporting standards.

Can a division request additional budget?

Yes. Divisions may submit a justified request, but approval depends on availability of funds and executive validation.

Who manages the financial records?

All income and expenses are recorded by this division, which maintains ledgers and supporting documents for each transaction.

How often are reconciliations done?

Monthly, or as needed, to ensure that internal records match bank statements and actual disbursements.

What reports are produced here?

Execution reports, treasury plans, and compliance summaries are submitted to internal leadership and external auditors.

Can I access financial reports as a staff member?

Access is restricted but possible through official request if justified by operational responsibilities.

Budget execution and reporting

Highlights

Budget

Reports

Tracking

Ledger

Planning

Review

What Next?

Request received

Finance unit logs your inquiry

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