Features » Manage Accounts

   Manage Accounts

Modular Accounting System enables any individual, familiar or unfamiliar with accounting to easily manage multiple activities simultaneously while maintaining society accounts

» Modules for Various Types of Payments :

  • Statutory Payments
    • Keeping track and reminders
    • Calculate the outstanding liability, at the end of the year
    • Calculate any prepaid expenses, at the end of the year
  • Calculate any prepaid expenses, at the end of the year
    • It's possible now to analyze the expenditure precisely to indicate increase in consumption or increase in rates
    • Separate Account for each meter
    • Calculate the Outstanding Liability at the end of the year
    • Calculate any prepaid expenses at the end of the year
  • AMCs and Service contracts
    • Avail Cenvat Credit
    • Calculate TDS at the prevailing appropriate rate
    • Calculate outstanding liability, at the end of the year
    • Calculate any prepaid expenses, at the end of the year
  • Staff Salary / Advances
    • Deduct Professional Tax at appropriate rates
    • Deduct Income Tax. [TDS]
    • Manage the cash advances / loans through installment deductions, while calculating salary payments
  • Other Payments

» Modules for Various Types of Receipts :

  • Rental Incomes
    • A comprehensive module monitoring the due dates of payments, raising of bills under Service Tax
    • Accounting the receipts, including TDS, and issue of receipts [A feature, not found any other similar software]
  • Interest Income
    • Managed through a separate Investment Module
    • Co-operative Banks and Non Co-op Bank interests are separately accounted

» Other Modules :

  • Investment of Funds
    • 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 [Absolutely 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 (This will help online Audit by Statutory Auditors ).

» Trial Balance, as on any date.

» Receipt and Payment Account as on any date

» View Balance Sheet and Income & Expenditure Account

» Generate Audit Reports [Access granted only to the Auditors]

  • System will automatically verify various transactions, financial as well as management and notify the various violations of Bye_Laws / MCS Act, if any, to assist Auditor in the Audit Report
  • Along with Audit Report, Audit Memorandum, Form No 1 and Form No 28 [Maharashtra State] are also generated
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