The Department of Public Works and Highways in the province of Leyte has fully adopted the Commission on Audit’s electronic New Government Accounting System (e-NGAS) as part of the local government’s efforts to eliminate red tape and financial irregularities.

The e-NGAS aims to provide both central and local government offices with a modern and sound governance-enhancing accounting system.

Its basic features include accrual accounting, recognition of depreciation, responsibility accounting, project monitoring, enhanced chart of accounts and security control to ensure data integrity.

Its other features include the automatic computation of unit cost and material based on the “moving average method;” on-line information on inventory item’s reorder point and number of days to consume; automatic computation of depreciation based on the straight line method.

On demand, the e-NGAS generates financial statements and other reports such as trial balance (pre-closing and post-closing), statement of income and expenses (condensed and detailed format), balance sheet (condensed and detailed format), statement of cash flow, and statement of government equity.

According to district engineer Maria Margarita Junia, with the full shift to the e-NGAS, the provincial government can now process its financial reports faster.

Furthermore, it will minimise opportunities to manipulate financial figures and allow fast turnaround time for budget requests and allocation.