Cooperative Society Accounting: Issues & Best Practices
In India, accounting for cooperative society (societies) is governed primarily by legal mandates such as the Societies Registration Act 1860....
PublishedCategorized as Accounting Management
Category: Accounting Management
Importance of Audit Trails in Society Financial Management
What is Audit Trail What is the audit trail, and why are they essential for modern financial systems? In today’s...
PublishedCategorized as Accounting Management
Is RTI Applicable to Cooperative Housing Society
The RTI Act for Cooperative Societies serves as a vital tool that brings transparency to India’s vast cooperative ecosystem. The...
PublishedCategorized as Accounting Management
Structural Audit: A Crucial Step Towards Safety
A structural audit of a property is a critical assessment of the building’s structural integrity to determine its overall condition...
PublishedCategorized as Accounting Management
Difference Between Single Entry System and Double Entry System
Managing finances effectively is critical for housing societies. The difference between a double account system and a single account system...
PublishedCategorized as Accounting Management
Monthly vs Quarterly Financial Reports: What’s Best for Your Society
Your housing society management faces a vital decision between monthly and quarterly financial reports. You might wonder if you’re checking...
PublishedCategorized as Accounting Management
Choosing the Right Accountant for Your Apartment Society: What to look for
Using professional Accounting for Society services can save you time and money while offering valuable financial guidance. Generally, accountants charge...
PublishedCategorized as Accounting Management
GST Alert: 18% Tax on Apartment Maintenance Above ₹7,500-What Residents Must Know
Apartment maintenance GST
PublishedCategorized as Accounting Management
Non Payment of Society Maintenance Charges
A common problem in housing societies (and quite a persistent one at that) is the non-payment of society maintenance charges...
PublishedCategorized as Accounting Management
How to Prepare Income and Expenditure Account of Co-operative Society
The income and expenditure account of co-operative society is a vital financial statement that determines tax obligations. Tax rates range...
PublishedCategorized as Accounting Management