Non Payment of Society Maintenance Charges- Laws and Recovery
Non-payment of society maintenance charges is a common and persistent issue in housing societies. Some members delay or refuse to...
PublishedCategorized as Accounting Management
Category: Accounting Management
Cooperative Housing Society Balance Sheet: Complete Guide
Preparing a balance sheet can be challenging for cooperative housing societies. A society’s balance sheet is a financial statement that...
PublishedCategorized as Accounting Management
Year-End Housing Society Audit Checklist: Complete Guide
Indian law requires every cooperative housing society to complete an audit of cooperative society accounts annually, within four months after...
PublishedCategorized as Accounting Management
HOA Reserve Fund Accounting Guide for Indian Societies
A reserve fund HOA plan helps a Homeowners Association (HOA) save and track money separately for major repairs, ensuring residents...
PublishedCategorized as Accounting Management
Guide to Automated Society Maintenance Bill
An automated society maintenance bill system helps Indian housing societies calculate monthly maintenance charges without manual work. It applies the...
PublishedCategorized as Accounting Management
Financial Statements of Cooperative Society
The financial statements of a cooperative society are some of the important documents that present the financial status and activities...
PublishedCategorized as Accounting Management
Final Accounts of Cooperative Society
The final accounts of cooperative society refer to the set of financial statements that summarise a society’s performance and position...
PublishedCategorized as Accounting Management
GST on Apartment Maintenance Charges: Rules & Calculation
Co-operative housing societies register as individuals to collectively develop land for residential purposes. These purposes include the construction of apartment...
PublishedCategorized as Accounting Management
Role of an Accountant in a Housing Society
Every housing society needs transparent and accurate financial records. When you explain the role of an accountant in society, you...
PublishedCategorized as Accounting Management
Guide to GST Invoicing for Housing Society
When the GST came into effect in India, it replaced a mix of different indirect taxes with a single system....
PublishedCategorized as Accounting Management