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The Problem: Traditional book keeping methods for society having hundreds of members just could not keep up with modern times.

The Solution: A completely customized software capable for handling thousands of financial transaction record per year was developed. After many days of extensive research and development, a Windows based software solution was developed for the Credit Corporative Societies of Uttarakhand. The system developed is capable of running on a stand alone Windows PC or on several computers using Server-Client relation. The software functions like a mini banking software. It handles all the loans and deposits of members along with keeping track of accounting books of the society.

Software Features:

  • Maintaining account statement of members.
  • Tracking Loans, defaults, interest payments.
  • Income-Expense Journal Entries.
  • Maintaining Ledger statements.
  • Generating Profit Loss and Balance sheet statements.

 

Outcome: Accounting Management time of societies decreased by as much as 30 percent. Loan distribution efficiency greatly increased.