Society accounting software

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Society accounting software

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Society123.com offers you hassle-free platform to transform your society, making it highly functional and easily manageable. Society accounting software enables even a newcomer to participate in the management process – PowerPoint PPT presentation

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Title: Society accounting software


1
  • Click away hassles of Society Management

Logon to www.society123.com
2
  • In this era of modernization, what is that one
    thing that we look for in our daily life?
  • We look for ways to make our life easier!
  • Through mobiles, Internet, Tablets and more

3
  • No Headaches ! No more Headaches !
  • No More Heaps of Unattended Documents !!!

4
Introducing for the first time ever
Web-based management tool for your Co-operative
Housing Society
5
An Introduction
  • Society123.com offers you hassle-free platform to
    transform your society, making it highly
    functional and easily manageable. Developed by an
    expert team with over 25 years of experience
    handling society matters, this software enables
    even a newcomer to participate in the management
    process
  • Centralize and mobilize your activities in
    Housing Society in secure environment
  • With its unmatched capabilities and flexibility,
    Society123 promises to better the functioning of
    your housing society, by digitizing all its
    functions and making it available for easy access
    through a highly secure and stable website
    www.society123.com

6
Modules
7
Accounts Management
  • 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 Receipts
  • Members Contribution
  • Other Income From Members
  • Rental Incomes
  • Interest Income
  • Modules for Various Types of Payments
  • Statutory Payments
  • Metered Expenditures
  • AMCs and Service contracts
  • Staff Salary / Advances
  • Tax Other Payments
  • (The Accounts will be maintained in our Offline
    Software and will be updated in Society123 when
    Accounts Module is Complete). Target date to
    integrate Accounts module is 15th August 2013

8
Accounts Management Cont
  • Other Modules include
  • - Investment of Funds
  • - Members Outsiders - Security Deposit
    management
  • - Fixed Assets Management
  • - Share Transfer Premium Management
  • - Booking Assets Management
  • Uploading various documents / Bills / Receipts
    for easy procurement at a later date (this also
    help in audits) 
  • Receipt and Payment Account Trial Balance as
    on any date 
  • Customized Balance Sheet / Income Expenditure
    Statements as on any date  
  • Generate Audit Reports Access granted only to
    the Auditors 
  • Along with Audit Report, Audit Memorandum, Form
    No 1 and Form No 28 Maharashtra State are also
    generated

9
Managing Meetings
  • Members with appropriate authority have access to
    this feature to manage all kinds of society
    meetings. They can easily generate meeting
    notice, agendas, minutes of the meeting and more
    online.  
  • All types of Meetings can be managed
  • Most of the Agenda items are automatically
    generated
  • Notice Header and Footnotes are predefined, and
    can customize the same whenever required
  • Predefined Minutes available for selection based
    on the outcome of the discussions
  • Attendance of the members attending meeting can
    be noted

10
Managing Standard Inward / Outward Documents
  • Every registered society member needs to fulfill
    all formalities as required, and to make it
    convenient, all prerequisite are easily
    accessible through this module.
  • Admin can acknowledge and generate various forms
  • The forms submitted are verified on various
    predefined parameters
  • The forms received can be placed as an Agenda in
    the next Managing Committee meeting
  • On approval by the Managing Committee, the
    required data is updated
  • All Statutory Registers such as I form, J form,
    Share Register, etc. are updated simultaneously
    Oh! What a relief
  • Along with the applications, various NOCs issued
    by the Society admin can also be generated,
    printed and issued

11
Managing Statutory Compliance Requirements
  • To make sure the societys statutory compliances
    are fulfilled regularly, this module has an
    inbuilt list of legal compliances, available
    online to any managing committee member through
    this portal.
  •  
  • Ensures that the Society meets its Legal
    Compliance needs
  • A list of Legal Compliance Requirements are
    available to crosscheck and update 
  • On predefined date, the Compliance Requirement
    automatically turns into a task and thus can be
    monitored by the assigned person  
  • Updates on change of any Compliance Requirement
    are automatically done for the information and
    benefit of the users

12
Managing Statutory Registers
  • To make it more convenient for the committee
    members all the Statutory Registers are
    maintained online and are automatically updated
    as and when a new entry is made.
  •  All Statutory Registers can be managed
  • On approval of the Transfers, respective
    membership details in I form, J form and Share
    Registers are updated
  • On approval of the Nomination Form by the
    Managing Committee, the Nomination Register is
    automatically updated
  • As and when bills are generated, the Sinking Fund
    Register is automatically updated
  • Investment Register is linked to the Fixed
    Deposit Management Module

13
Managing Tasks
  • In order to help the society to run smoothly and
    in a timely manner, Tasks can be generated by
    Admin or automatically by the respective module. 
  • System Generated Tasks
  • - Compliance Planner
  • - Vendor Management
  • - Contracts (Services) Management.
  • - Documents (Transfer papers / NOCs,
    Nomination Forms etc.)
  • - Complaint Handling Module (Help Desk)
  • - Managing Committee (If undecided and placed
    for next meeting)
  • - Renewal of FDs
  • Tasks can also be Posted by the Admin 
  • Managing Quotations is also an intrinsic part of
    Task Management Module
  • Tasks that need to be presented before the
    Managing Committee, are added as an Agenda Item
    for selection
  • Tasks which are repetitive in nature can be
    defined to perform accordingly

14
Managing Complaints
  • To help society members in a better way, there is
    an integrated complaint module - Help Desk,
    through which registered members can post
    complaints online. To make it more promising, SMS
    updates can be sent directly through mobile.
  • Members Can post Complaints on Facilities and
    Services ( Help Desk)
  • Complaints are classified under various
    categories
  • Complaints, if not attended within the predefined
    time, escalates to the next level.
  • After escalating at three levels, the complaints
    are placed before the managing Committee for
    resolution
  • SMS alerts / email messages can be sent on
    request of the member based on policy adopted by
    the Society

15
Tenancy Information Management
  • To keep a track of the Tenancy information,
    Tenancy information module is highly helpful.
  • Non Occupancy Charges as per Tenancy Data.
  • Tenancy Expiry Information / Email Reminders to
    the member
  • All tenancy Records maintained.
  • No Leakage of Income.
  • Information of family members staying with the
    Tenants are also maintained.
  • Data updated on approval of the Application by
    the Managing committee.

16
Bank Lien Management
  • Secure yourselves with Bank Lien Notings - easily
    accessible and verifiable during share transfer.
  • Request for NOC for Bank loan NOC letter by
    Society
  • Creation Noting of the Bank lien on issue of
    NOC letter
  • Verification of the Bank Lien at the time of
    Share transfer
  • Bank Lien Register is Maintained and updated

17
Share Transfer Management
  • All the Share Transfer details can be stored and
    can be accessed from time to time.
  • Generation of the Share Transfer Documents based
    on various situations.
  • Sale
  • Gift
  • Inheritance
  • Nomination
  • List of points to verify and intimation of
    discrepancy to the concerned member
  • Collect Share Transfer Premium and other charges
    as per defined policy
  • Automatically place as an item of Agenda in the
    MC Meeting to be held next
  • On approval, update all relevant registers

18
Vendor Management
  • A complete and comprehensive list of vendors for
    maintaining and repairing / servicing of various
    assets / AMCs / services can be maintained and
    updated from time to time.
  • Reminder for renewal of the contract / AMCs
  • Managing Fresh Quotations
  • Keep a list of all the Vendor Staff working in
    the Society along with their time schedules

19
Managing Committee ROLES
  • With this login the members of the managing
    committee can manage day-to-day activities with
    ease.
  • Desired access control can be provided to
    specific Managing Committee Members, as per their
    role in the administration.
  • Besides basic access to the various modules, the
    Add, Edit, and/or Delete functions can be
    assigned to particular Managing Committee
    Member(s), again depending on their roles in the
    administration.
  • To ensure that the control is not limited to only
    one person, we have incorporated the concept of
    approve. Wherein each of the Managing Committee
    Member can be assigned the authority to approve
    various activities to be formally accepted. 
  • Managing Committee can delegate functional powers
    to the Administrative Staff, at the same time
    exercising complete control, through this
    approve mechanism.
  • This approve feature is unique and is not found
    in any other Society Management / Accounting
    Application.

20
Member Interface
  • Every registered member of the society has the
    convenient way to access all the relevant
    information, forms, bills and more through this
    login.
  • Login and use the application
  • Access predefined features in the application
  • Easy login through registered email ID and a
    password
  • Access their accounts , bills and receipts and
    view/ print
  • Post complaints on facilities and Services.
    Help Desk
  • Make several standard forms/ applications to
    Society Admin
  • . This is a unique feature not
    available in any other software
  • And many more

21
Vendor Staff Management
  • This special login is for the vendors in contract
    with the society to provide miscellaneous
    services, and provides limited / temporary access
    for Various Staff members / Vendors / Service
    providers.
  • Limited access can be provided to the vendor(s),
    as and when required
  • Permissions granted for add / edit / delete, can
    be monitored and controlled through Approval at
    the Admin level 
  • If these access permissions are misused, all the
    permissions can be blocked by the Admin at any
    time
  • Access permission can be granted for predefined
    period only 
  • The entire access and functional rights to the
    various modules to different vendors / Staff are
    set by the Admin

22
Our R D Corner
  • We are constantly working to provide you with
    better solutions for society. And going ahead we
    are developing newer modules which will be
    available to you very soon!
  • Security Gate Management
  • Society Event Management
  • Facility booking
  • Notice Boards and Announcements
  • Health Club Management
  • Election to Managing Committee
  • Project Management
  • Society123.Mall

23
Support Training
  • Worried about who will handle the application!
  • We are there to train /guide and assist your
    staff / admin on a continuous basis.
  • Dedicated person to solve issues via telephone
  • Email Support - All emails received will be
    normally replied within 24 hours
  • Live Chat- A trained person will attend to issues
    raised through Chat
  • Module wise user manual
  • Categorized FAQs
  • Initial Training at site by our executives
  • Free Training at our corporate office
  • Initial set up of various data / parameters /
    policies into the system by our trained personnel
    to make it faster and easy
  • Man power based services Accounts handling /
    managers, etc.
  • Creating a Pool of Accountants / Managers
    trained in Housing Society Accounts writing and
    Management for selection by the Societies

24
Knowledge Bank
  • All your queries get answers at a single place.
  • Free Website
  • Byelaws in English and Marathi
  • Search the Byelaw by key words
  • FAQs
  • News Items
  • Videos
  • Articles by Eminent people
  • Generation of Standard Forms prescribed under the
    Byelaws Blank as well as data filled
  • Post Queries and get answers from Professionals
  • Updation on a weekly basis
  • No annoying advertisements

25
Advantage of Society123
  • Earned Interest calculations on the Fixed
    Deposits at any given date.
  • ZERO Accounting errors assured.
  • Calculations of amount for Outstanding Liability
    of Metered bills at year end.
  • Reminder to follow the Statutory Legal Compliance
    requirements (TDS, filing of returns, holding
    AGM, documents to be submitted to Registrar
    etc.) 
  • Document Storage facility (Quotations, Bills,
    Receipt, letters, vouchers etc..). For easy
    reference procurement at a later date. Ensuring
    Paperless Work
  • With Tenancy Module, ensuring for no leakage of
    Income for Society.
  • Automatic generation of Balance Sheet (till
    finalization of Accounts) at any given time
  • Calculations of Service Tax liability and also
    alerts for the same.
  • Decision of the Meeting can be implemented
    automatically for further action
  • Tasks can be escalated automatically as per
    define schedule to further level and can become
    an agenda item after the schedule level.
  • Help Desk module will help smooth communication
    between Member and Managing Committee (till the
    matter been resolved).
  • Verification of the Bank Lien at the time of
    Share transfer

26
Technical Features of Applications
  • The Society123 applications are developed in most
    robust and secured technology J2EE (Java)
    PostGres SQL
  • The applications are hosted on the secure
    scalable CLOUD infrastructure provided by Amazon
    Web Services (AWS) which includes...-
    Application Hosting- High Performance
    Computing- On Demand Scaling- Content
    Delivery- Storage Backup- Security
  • More information about AWS can be seen at
    http//aws.amazon.com

27
Pricing
  • Pricing policy based on affordability.
  • A combination of fixed price and a variable price
    based on number of premises
  • Pay for what you use .
  • Decide your own plan as a combination of various
    services.
  • Attractive discounts based on number of services
    opted.
  • Change your plan at will.
  • Affordable to even a very small society.

28
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29
www.society123.com
  • A product by Pangal Computer Services Pvt. Ltd.
    PCSPL
  • developed in association with Webelement.Inc
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