Society Accounts

Modular Accounting System enables any individual, known or unknown with accounting to easily manage multiple activities concurrently while maintaining society accounts.

Below are some of the Modules for Various Types of Payments :

Vendor Payments, Statutory Payments, Metered Services etc.

  • Posting Invoice, Advance Adjustments, Advance payment, TDS calculation and deduction.
  • GST compatible with data listing for various GST Returns.
  • Calculate proportionate Input Tax Credit, when the Society has availed exemptions on maintenance charges bills.
  • Calculate Reverse Tax liability in case of Vendors who are not registered under GST.

Staff Salary / Advances

  • Tax Deducted at Source. (TDS)
  • Deduct Professional Tax at appropriate rates.
  • While calculating advances and or loans through installment can be managed.
Society Accounts

TDS Management

  • TDS calculation on advance payment or invoice posting for Vendors.
  • Separate TDS management module with interest calculation for late payment.
  • Quarterly filing of TDS returns data can be generated.
  • TDS challans is generated.

Calculation of any prepaid expenses, at the end of the year

  • Calculate any prepaid expenses at the end of the year.
  • Calculate the Outstanding Liability at the end of the year.

Other Payments

Modules for Various Types of Receipts :

Interest Income

  • Managed through a separate Investment Module.

Rental Incomes

  • A widespread module monitoring the due dates of payments, raising of bills.
  • Accounting the receipts, issue of receipts, including TDS. ( Unique feature )

Other Modules :

Investment of Funds (Unique feature)

  • Various Investment Heads.
  • Matching Investment Heads with Funds.
  • Auto-calculation of interest.

Members & Outsiders - Security Deposit Management

  • Tracking Security Deposits by members.
  • Refund of Security Deposit. [ zero possibility of incorrect refund ]

Fixed Assets Management

  • Update Fixed Assets register as you pass accounting entry.
  • Calculate Depreciation at the end of the year on predefined rates.

Share Transfer Premium Management

  • Linked with Transfer of Shares.
  • Define the policy of various charges and the system will ensure that all the charges, as per policy, are recovered before transfer of shares.

Uploading various documents / Bills / Receipts for easy procurement at a later date ( Helpful for online Audit done by Statutory Auditor ).

Trial Balance, as on any date.

Receipt and Payment Account as on any date.

Generate Balance Sheet and Income & Expenditure Account (Monthly / Quarterly / Yearly).