Traffic Accounts-Its Importance
description
Transcript of Traffic Accounts-Its Importance
![Page 1: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/1.jpg)
Traffic Accounts-Its Importance
![Page 2: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/2.jpg)
Role of Railways
Transportation Business- Service Sector
Different from other Service Sectors.
Dual Role Commercial- Profit motive
Social Obligation
![Page 3: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/3.jpg)
![Page 4: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/4.jpg)
Features
IR single largest National Carrier.
Moves 18 mn. Pass. 2 mn. tonnes daily.
IR has 6,909 stations over a total route length of more than 63,327 kilometers.
![Page 5: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/5.jpg)
Features
Provides Cheap and clean Transport.
Best Suited for Bulk Commodities.
Provides better economies of scale.
![Page 6: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/6.jpg)
Pricing Policy
Principles of Charge
What Traffic Costs.
What Traffic Can Bear.
![Page 7: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/7.jpg)
Pricing Policy
Commodities grouped into Classes.
Rate charged based on
Class-T/L, W/L Rate.
Distance- Shortest Route, Telescopic Benefit.
![Page 8: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/8.jpg)
Pricing Policy
Limitations
Seasonal Variations
Regional Variations.
Empty Flow in Return Direction.
![Page 9: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/9.jpg)
Dynamic pricing
Dynamic pricing is basically a play of supply and demand factors and the influence of seasonal and regional skews in the economy.In the unorganized sectors, this is in vogue from olden days and successfully implemented in other organized sectors esp., in the air travel industry and road transport.
![Page 10: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/10.jpg)
Dynamic pricing
Seasonal Variation- BSS, Surcharge on Transportation Products, Incentive Schemes.
Regional Variation- Enhanced Loadability-CC+8, CC+6 routes
Empty Flow- Grant Incentive on pre-identified routes
![Page 11: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/11.jpg)
Role of Accounts
Dual RoleFinancial Advice Book Keeping
Expenditure Earnings
Con/Stores/Genl. Traffic Accounts
![Page 12: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/12.jpg)
Traffic Accounts-Role
TAO
Budget
I.Audit Books I.Check Tfc.Fin.
![Page 13: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/13.jpg)
Earnings Budget
Exercise similar to Exp.Budget.
Pass. & Other Coaching- Commercial Br.
Goods- Operating Br.
Sundry- Accounts Br.
![Page 14: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/14.jpg)
Principles Of Check
Person to whom service rendered paid correctly. Person who received the amount remitted correctly.Apportionment of Earnings.
![Page 15: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/15.jpg)
Role of Staff
Watch accountal.
Conduct Audit on Returns/Statements.
Section(s) under Coaching and Goods. Results of Check- AIC, E/Sheet.
![Page 16: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/16.jpg)
Role of Staff
Knowledge/Update of C.Circulars.
Prevent leakage of Revenue.
Limitation - volume of Transactions
![Page 17: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/17.jpg)
Role of TIA
Friend, Philosopher and Guide.
Periodic Inspection of Station(s).
Checks Initial Records at Station.
![Page 18: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/18.jpg)
Accountal of Earnings
Traffic Book- Part A,B,C and D.Apportionment- Goods &Coaching Ergs.
Share/Credit for Org/Term. /Cross Tfc.CAS-Centralized Apportionment System
Done by RITES/NDLS. C.Rly. Co-ordinates
![Page 19: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/19.jpg)
APPORTIONMENT
GoodsBased on Tonnage and Dis.Carried.Terminal Cost- at each end-
other than coal- Rs.31 per Tonnee Coal- Loading Rly.-Rs.45 per Tonnee
Destination Rly.- Rs.31 per Tonnee Diversion Debits- Claim when Frt. >10Lakhs per Rake and more than 1 Cr.
![Page 20: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/20.jpg)
APPORTIONMENT
CoachingPassenger- 5% for Org.Railway.balance distance leg wise.Parcel- Based on peak period(II period)BPT- Pre-fixed %
![Page 21: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/21.jpg)
Traffic Suspense
Based on Commercial Accting Principle.
03 components-SOS, AOB, CIT.
![Page 22: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/22.jpg)
Internal Check
Refunds-
Freight,
Wh.Chgs/D.Chgs Rebate Bills
C.Claims- Pass.Accident, Ft.C.Cases
![Page 23: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/23.jpg)
TRAFFIC FINANCE
Proposals are under
Coaching – Halts, TBAs,RTSA,GTBS etc;
Other Coaching- SLRs, Parcel Van etc; Goods- Incentive Schemes etc;
![Page 24: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/24.jpg)
Dynamic pricing
I/ scheme for inc tfc. In L.Season.
LTSIS
I/scheme for TEFD —Sidings & G. sheds
Incentive schemes for Frt. forwarders.
![Page 25: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/25.jpg)
Traffic Accounts
New ConceptsDaily Billing E-PaymentMaintenance Charges RMC as Rev.Traffic
![Page 26: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/26.jpg)
E-Payment
A web-enabled 24x7 facility Works through the State Bank of India secure payment gatewayFunctional FOIS Terminal essentialLinked through TMS (Terminal Management System) of FOIS, managed by CRIS
![Page 27: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/27.jpg)
![Page 28: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/28.jpg)
OPERATION OF E-PAYMENT
Railway and Party have account in the same Nationalised BankSiding clerk with access to TMS can instantly debit party’s account and credit Railway’s account to the extent of value of RROn getting confirmation, E-RR can be generated
![Page 29: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/29.jpg)
SECURITY FEATURESTMS will ensure that E-RR is not exceededCommand for collection of freight shall contain complete RR details, Bank and LC detailsBank’s confirmation will be in encrypted form with all detailsTMS will display Confirmation Message to operatorE-RR shall contain Transaction ID, Time, Customer Code, LC No., Party’s and Railway’s Bank details etc.
![Page 30: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/30.jpg)
REPORTS AND CHECKS
Bank shall generate a Daily List of TransactionsSystem (FOIS interface) shall generate each day e-Log- E-RR shall also be treated as Bank Challan
![Page 31: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/31.jpg)
E-PAYMENT – Advantages
Hassles of payment by Demand Draft avoided
Commission charges
Transmission to loading point
Refund of rounded-off freight c/o to next month
Better liquidityCNCC : Bank Guarantee equal to 15/7 days freightWOC : Cash Deposit equal to 20 days freightE-Payment : LC equal to 5 days freightA 24x7 facility: Instant information on Fund Balances
Savings in Man Power for all 3 parties to the Agreement
![Page 32: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/32.jpg)
FREIGHT PAID THROUGH
CASH/DD/FCN
DEPOSITED IN LOCAL BANK THROUGH CR NOTE (BANK
CHALLAN)
DETAILS RECORDED IN CR NOTE
DEALT AS PER PROCEDURE IN VOGUE
SENT TO CASH OFFICE .
DEPOSIT IN BANK
![Page 33: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/33.jpg)
DEPOSIETD IN LOCAL BANK THROUGH CR NOTE (BANK
CHALLAN)
SENT TO CASH OFFICE DEPOSIT
IN BANK
BANK CHALLAN IN TRIPLICATE AMOUNT CREDITED TO
RAILWAY ACCOUNT RBI/NGP THROUGH FOCAL POINT BANK
1. BANK COPY2. STATION COPY3. CASH OFFICE COPY(SENT ALONG
WITH CR NOTE)
AMOUNT ENTERED IN CASH BOOK SENT TO BOOKS SECTION ALONG WITH BANK
CHALLAN
BOOKS SECTIONAMOUNT TAKEN AS
DEBIT TO RIB SUSPENSE HEAD
CREDIT SCROLL SENT TO RAILWAY (BOOKS SECTION)
BY FOCAL POINT BANK ALONGWITH BANK CHALLAN 9SYSTEM GENERATED FOR E-
Payment)
BOOKS SECTION BANK CHALLAN RECEIVED
AMOUNT TAKEN AS CREDIT TO RIB SUSPENSE
HEAD.
![Page 34: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/34.jpg)
E - PAYMENT
PROMPT SENT THROUGH
CRIS TO BANK SERVER
DEBIT CUSTOMER’S ACCOUNT
CREDIT POOLING ACCOUNT
AMOUNT TRANSFERRED TO RAILWAY DEPOSIT ACCOUNT
AT THE END OF THE DAY
AMOUNT CREDITED TO RAILWAY
ACCOUNT RBI/NGP THROUGH LOCAL
FOCAL POINT
RR GENERATION IN QUADRUPLICATE
CUSTOMER COPY (RR)
ACCOUNTS COPY
ACCOUNTS COPY (SENT TO
TAO)
CONFIRMATION REGARDING TRANSFER
STATION RECORD
![Page 35: Traffic Accounts-Its Importance](https://reader035.fdocuments.us/reader035/viewer/2022062222/56814e9b550346895dbc46ed/html5/thumbnails/35.jpg)
THANK YOU