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 :
- Vendor Payments, Statutory Payments, Metered Services etc.
- Invoice posting, Advance payment, Advance Adjustments, 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 GST Unregistered Vendors.
- Staff Salary / Advances
- Deduct Professional Tax at appropriate rates
- Deduct Income Tax. [TDS]
- Manage the advances / loans through installment deductions, while calculating salary payments
- TDS Management
- TDS calculation on advance payment or invoice posting for Vendors.
- Separate TDS management module with interest calculation for delayed payment
- Generate TDS challans
- Generate Data for Quarterly filing of TDS returns.
- Calculate any prepaid expenses, at the end of the year
- Calculate the Outstanding Liability at the end of the year
- Calculate any prepaid expenses at the end of the year
- 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
» Other Modules :
- Investment of Funds [ Unique feature not found any where else. ]
- 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
» Generate Balance Sheet and Income & Expenditure Account