GST Compliant Society Billing & Accounting
Who said Society Treasurers need to know Accounting?
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100% Automated Society Billing & Collections with Zero Convenience Charge
Automatically raise maintenance due demand notes every month
- Raise and send invoices against all or select flats based on formulae or fixed value or both
- Set up Recurring Invoices to be sent out automatically on a given date every month
- Auto-Calculate late payment charges using multiple penalty options
- Automatically collect payments from members using our unique Collection Gateway with zero manual intervention and zero convenience charge
- Schedule Defaulters Report to be sent to members every day/week
- Send Email / SMS / In-App push notification reminders for overdue invoices
Collection Gateway and Payment Gateway
Eliminate suspense entries and reconciliation efforts completely
- Increase the society's on-time collections dramatically
- Automatic issuance of payment receipts to members with zero manual intervention
- Up to date Defaulters Report- at any time
- Reduce Society's Accounting work by more than 80% - Leading to Cost Savings
Collection Gateway
- Zero Convenience Charge
- A virtual account set up for each flat to make payment.
- Transfer funds via NEFT like a normal transfer.
- Automatically detect the transfer, records the payment against the flat, issues a receipt and make other accounting entries.
Payment Gateway
- Enable online payment using Netbanking or credit/ debit cards.
- Automatically detect the transfer and issues a receipt to the member
Expense Tracking
Plan the budget and provide transparency in society expenses
- Easily plan your expenses by allocating budget amounts under various heads
- Segregate expenses between Capital Expenditure and Maintenance Expenses
- Bulk upload of expenses from excel or CSV file
- Create and configure Bank Accounts and Petty Cash accounts
- Get Budget Variance Reports to track any variance in planned spending
- Reconcile with ease as the solution is integrated with Bank & Cash accounts. So, expenses seamlessly reflect in the bank or cash account statements
- Easily slice-and-dice expenses, download and/or print reports
Metered Utility Billing
Easy management of all metered utilities like piped gas, water, electricity etc.
- Create and maintain a list of metered utilities and their billing periods
- Collect meter readings for all flats and raise invoices
- Combine metered utility charges with other charges such as Maintenance Dues and raise single invoice against a unit
- Integrated with the accounting module to track payments and defaulters
- Supports integration with multiple meter reading software
Complete Accounting: Generate Balance Sheet and Profit & Loss Statements
Complete Accounting Software with GST support and real-time financial statements
- Complete accounting functionality - from defining a chart of accounts to the generation of the final balance sheet
- Individual sub-ledgers for all Units (Flats/Villas) and Vendors
- Flat-wise account statements and vendor-wise account statements
- Advanced functionality such as Adjustments (Journal Entries) to credit/debit to relevant Account Heads and Sub-ledgers
- Fully functional remote login for society's Accountant/Auditor to validate the accounts, perform adjustments and generate a final balance sheet
- 100+ financial reports available for view/ download
Bookkeeping Services
Let our trained staff help you in maintaining your accounts
- Day-to-day accounting of all the cash and bank invoices/bills/vouchers
- Bank and cash reconciliation
- Providing monthly report on various statutory liabilities, like Service Tax and TDS
- Filing of Quarterly E-TDS returns and generating Form-16A
- Year-end Finalization of the book of accounts
- Coordination with Statutory Auditors towards audit of the book of accounts
