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.