Budget Register

Budget Register 

A budget register is a crucial tool for tracking income and expenses, helping you manage your finances effectively. In the context of NSB record-keeping, a budget register can be used to monitor your expenditures for specific item in a specific year. Monthly expenditures of any item are added to the register for one specific year.

Here's a list of items that are added to the budget register.

Object Code	Detail of Objects
A03303	Utility Payments
A03901	Stationary
A03906	Uniform
A03942	Cost of Other Stores/ Cleanliness & Hygiene
A03970	Others/Teachers Hiring
	Others/School Support Staff Hiring
	Others/ Early Childhood Education
A0457	Construction
A09201	Purchase of Assets
A09601	Purchase of Plant & Machinery
A09701	Purchase of Furniture & Fixture
A13001	Carriage & Transport
A13101	Repair of Machinery and Equip.
A13201	Repair of Furniture and Fixture
A13370	Others - Repair & Maintenance of Building & Structures
A13701	Repair of Hardware

   

 Here's a suggested format for a budget register in NSB record-keeping:

At top of page write name of school. Below it enter object main category with object code. Further below it sub-category of the item. It should be noted that for every category and sub-category there must be a separate page used.

    First column serial number is already added. Then enter date of transaction made. This date must be same as on cashbook. In details column enter detail of expenditure made like cashbook. Then enter amount spent for the item. Then method of payment. The method of payment should always be "By Cheque". As from NSB Account no payment is made in cash. Every payment is made through cross cheque. 

    In action plan budget for every item is declared when new grant transferred into account. This total budget is written in the last column and reduced at every entry.

    Budget register is maintained every month whenever any expenditure done.