Why Society Billing Software Is A Must For Every Housing Society?

With advancements in technology, we now have an effective and comprehensive society billing software solution which has been designed exclusively for housing societies. When you use this software you will not require any other accounting software like Tally for maintaining your accounts. A treasurer can maintain accounts easily via their own or assign the book-keeping task to accountants. In both the situations, the total time needed will be reduced drastically owing to the bulk upload and automation features. The best part about this software is it is user-friendly and simple.

Unveiling its different benefits

By investing in the modern and advanced society billing software you can benefit in ways untold such as,

Easy setup in a single day everything will be taken care of by the experts

Late payment interest will be automated via a single click. The interest will be calculated as well as posted by the system automatically and no intervention will be required

It is easy to use and will be compliant wonderfully with accounting standards devoid of being an accountant

Filter defaulter during the ageing of amount, due, flat category amid others

Print receipts and invoices in batch

Send line item to defaulters of open invoices

Automatically send email both of receipts and invoices when posted

Import payments and dues from Excel/Tally

Residents can utilize the button of I have paid for intimating the treasurer regarding the payment details

Automatic generation of invoice against every flat for fixed, regular charges such as maintenance fee

In case it is applicable it will post service tax automatically for the maintenance expenditure collected

It will support various apartment categories such as serviced apartments, penthouse, 3 and 2 BHK and set the charges differently

Set up income heads easily and there will be separate income when it comes to residents and non-residents

Hassle-free posting of the collected amount with the generation of e - receipts that can be sent through print, SMS or email

Distribute a payment amid open invoices or assign the payment automatically on the principle of First-in-First Out

Create invoices and recurring society bills with the help of this society software

Track the post dated cheques easily

Financial details against every flat viewed with simplicity and color coded lights for identifying defaulters

The SMS / email reminder will be sent to the payment defaulter with the sum specific to every defaulter

As the name indicates, this software will look after the billing of a colony or society where billing cycle (monthly/quarterly/yearly) is followed. The icing on the cake is it will help in generating the bills instantly for countless flats with different parameters. This software will carry out for a housing society all its accounts related services and the professionals working in this domain can help in writing account books and bank books, create balance sheets, expenditure and income account and work with lawyers and chartered accountants frequently for audit or tax related work.