Requirement of SoftwareWith a great vision everybody starts a multi state society. Promoters of these society wants to start so many branches in different states. So they have registered their society as a Multi state society. But, when we plan to expand our work at that time we have to think for security and perfection. Latest technology means computerization is the only solution for it. Read More about - Best Multi state co-operative society software - Vayak
Benefits of Computerization using Software
Due to Auto posting facility we have to do only single entry of receipt / voucher and software will do the auto posting in all related individual ledger, General Ledger, Day book, Profit and Loss Sheet, Balance Sheet, Audit Reports etc. automatically.
Speed and perfections
Interest and dividend calculation etc. can be done within a minute without mistake. If person do it manually than it will take more time and also when he do repetitive work than there might be a chance of mistake in some accounts. By using standard Cr. Society software we can do work in speed and with perfection.
We can give fast services to members when there is computerization.
Management needs Balance sheet, P & L , Profitability, Payment due reports etc. all that M.I.S. reports you can get any time.
Easyness in Audit
All Audit reports prepared automatically we have to just take print out of it, so no tension to prepare it.
Saving in Printing
No need to keep manual records like ledgers & Day books, so stationary & printing exp. decrease.
Image of Society
If society is computerize than faith of customer increase & so image of society is also increase in market.Read about - Never before features of vayak co-op soc. software
Is Banking Software can be used in Society for complete perfect work ?No, Because at a first look Banks & society both look same but they both are different from the base like...
Banks works as per the rules of Reserve Bank of India while Society works as per the co-op. act.
Audit of Bank is done by the panel of C.A. or R.B.I. officers as per the guideline of Reserve Bank of India, while in society Auditors from the registrar office of co-op. came for audit.
Banks can issue cheque books because they have clearing house license, while society don't have clearing house license, so can't issue cheque books.
When anybody wants to do transaction with society first of all he/she has to become member of society & have to purchase the shares of it than & than can take loan & put deposits in society. While in Banks without become member & purchase the shares you can take loan & also put FD & other deposit.
So, As Bank and Society's working pattarn is different, Banking software can't satisfy your all requirements. You have to purchase a software which is specially designed for the Society, & the software company must have many years & many society's experience. Like VAYAK TECHNOLOGIES. For further information regarding it you can visit the website: www.vayak.net