Society Accounting

Income Tracker

Accessible to: Admin Team

Automatic Invoice generation against each flat for regular, fixed charges - e.g., Maintenance Fee.
If applicable automatically post service tax for the maintenance fees collected.
Supports different Apartment Categories like 2BHK, 3BHK, Penthouse, Serviced apartments - and set charges differently
Manual invoice can be keyed for all other receivables such as Ad-Hoc fees or penalties
Easy set up of Income Heads - separate income from residents and income from non-residents
Easy posting of Amount Collected, with generation of e-receipt which can be sent by email, sms or print
Distribute a payment among open invoices or automatically assign the payments on First in-First out principle
Create re-curring invoices
Post Dated Cheques can be tracked easily
Financial details against each flats viewed with ease, with color coded lights to identify defaulters
Email/SMS reminder can be sent to payment defaulters, with amount specific to each defaulter (similar to mail merge of MS Word)
Residents can use the "I have paid" button to intimate the treasurer of the payment details
Import dues and payments from Tally / Excel
Automatically send email of Invoices and Receipts when posted
Send line item of open invoices to Defaulters
Print open invoices and receipts in batch
Filter defaulters on ageing of the due, amount, flat category etc.
Very easy to use - be compliant with accounting standards without being an accountant

Easy Setup in 1 Day. All Migration done by our Team

Accessible to: Admin Team

Easy setup and tracking of Direct and Indirect Expense Heads
Expenses for past periods can be compared
Budgeting for selected Expense Heads, with variance tracking
Selection of Petty Cash / Bank Accounts while posting Expenses
Printable vouchers generated for every payment posted
Online Purchase Requests can be created
Approvers can be selected and approval can be made online
Once Approved an Invoice can be raised with link to this PO
Service Tax and Tax Deducted at Source are automatically captured and posted to relevant Tax Accounts
Outstanding dues against Vendors is available
Multiple Invoices against a Vendor can be posted
Graphical reports for Budget comparision
Graphical reports for comparision of Expenses against Previous Years

Easy Setup in 1 Day. All Migration done by our Team

Accessible to: Admin Team

Configure Bank Accounts and Petty Cash
Seamlessly integrated with Income Tracker and Expense Tracker - all income and expenses posted reflect against Bank Accounts or Petty Cash
Transfer between accounts, withdrawal to Petty Cash can be captured
Makes Bank reconciliation very easy
Query transactions from all account heads ( Member Income, Non Member Income, Expenses ) within a date range
Export the above transactions to Excel and import them to tally if needed

No Setup Required

Accessible to: Admins

Chart of Accounts to configure Assets, Liabilities, Income and Expense Account Heads all in one place
Journal Entries to move money to relevant Account Heads
Journal Entries to capture asset depreciation, bank charges and loans etc.
Free flow query to pull up transactions from any date and any account
Trial Balance, Balance Sheet and Profit & Loss Statements with option to export to Excel

No Setup Required

Accessible to: All Residents (Information changes according to the individual user /resident)

A Resident can view financial details and alerts pertaining to his flat
He can view the invoices/receipts against his flat and take printout if required
Can make Payments using Debit Card or Credit Card using Online Payment Gateway.

No Setup Required