Category: Apartment Accounting Software

Mayuresh Park Co-operative Housing Society Live on ApnaComplex!

Mayuresh Park Co-operative Housing Society, a cozy society in Thane, Maharashtra, is now “Live” on ApnaComplex. Mr. Shailendra Gawas, committee member of Mayuresh Park Co-operative Housing Society Ltd., wrote to us on the occassion of going live:

Apnacomplex provides transparency in functioning of Apartment Owners Associations

Apnacomplex provides transparency in Apartment Owner Association

“We at Mayuresh Park Committee were looking for centralized and cost effective software as service based solution to manage our society. After evaluating ApnaComplex for one month, we found that the application really helping us a lot to manage almost all our requirements effieciently and in productive manner. Managing Invoices, Payments, Expenditure, MOM’s etc. has made our committee members life easy. Also it brings trasperency to the operations due to which I hope all our resident members will be happy.”

Thank you Mr. Shailenra and we hope to make a difference in lives of your society members!


Dream Meadows, Bangalore Live on ApnaComplex!

We welcome the owners and residents of Dream Meadows, a beautiful private layout consisting of 246 plots in the Brookefields area of Bangalore to the ApnaComplex family.

As a Treasurer of our Association with no accounting knowledge I find maintaining accounts is pretty simple with ApnaComplex
What is most pleasing for us is that managing committee of Dream Meadows did very thorough evaluation of various softwares and finalized ApnaComplex.

Mr. Sivaram, Treasurer of Dream Meadows Owners Association, wrote to us on the occassion of going live and has following to say about ApnaComplex:
“Thank you very much for your support in Dream Meadows going live on ApnaComplex in less than 3 weeks. The three best things that we have found with ApnaComplex are:

  1. Pricing : Is reasonable for the features provided compared to other counterparts.
  2. Service : Is marvelous and with very low response time.
  3. Features: Rich and impressive set of features.


We could go live in less than 3 weeks and your support in achieving this is FANTASTIC.

Thanks for taking the feedback on the existing functionality and your readiness to implement the same in to the Application.

Some of the functionality like Discussion Forum, Notice Board with SMS facility are very much helpful to the owners stationed out of Bangalore.

As a committee member, Action Item Tracker with reminder service and Complaint Tracker are really good and pretty much helpful.

I, as a Treasurer of our Association with no accounting knowledge find maintaining accounts (Member maintenance charges, Non-Member Charges) pretty much simpler with ApnaComplex.

Thank You ApnaComplex Team for the great support we received from you to help us go live and will definitely recommend your services to my known contatcts.

Hoping to have to have the same kind of support in future too!!!!”

Thank you Mr. Sivaram for your kind words!


Abad Aquarius Apartments, Kerala – Live on ApnaComplex!

We welcome the owners and residents of Abad Aquarius – a beautiful, river side apartment complex located at Aluva, Kerala just beside the Periyar River – to the ApnaComplex family. Writing to us on the occasion of going live, Mr. Hafiz M Ebrahim, Treasurer of Aquarius Apartment Owners Association has following to say –

ApnaComplex - Choice of every Apartment Complex

ApnaComplex - Choice of every Apartment Complex

“First of all, what I felt with Apnacomplex is the terrific support provided to us as starter. Thier prompt and consistent mails helped us a lot to implement the system without wasting time.

Regarding the functionality, I swear that ApnaComplex has incorporated all the requirements of the day to day management of apartment complexes. Some of the functions which attracted me more are the discussion forum, notice board, facility booking etc. which will be very helpful especially for owners staying outside the country and those who are not much organized with emails.

About accounts section the main attraction is that one need not to be an accountant to use ApnaComplex and handle accounts. It’s just simple as that!

I will surely introduce Apnacomplex to my friends and colleagues who are waiting for their apartment complexes to be handed over in the near future.”

Thank you Mr. Hafiz for your words! This motivates us to do better!


Get your Society on ApnaComplex – Today!

ApnaComplex is India’s most comprehensive web based housing society accounting, management and communication software. It is designed to make the life of residents and owners a lot better by bringing in more transparency and accountability in managing a housing society. Check out the features of ApnaComplex and sign up your society today to get the benefits! We offer a free 30-day trail as well so that you can try before you buy!


SJR Spencer Apartments Live On ApnaComplex!

We welcome the owners and residents of SJR Spencer, a premier apartment complex located at Marathahalli – Outer Ring Road junction, Bangalore to the ApnaComplex family. The managing committee of this 133 flats complex, has chosen ApnaComplex after a detailed evaluation and comparison with other software.

Writing to us on the occasion of going live, Mr. Amish Shah, Treasurer of SJR Spencer has following to say –

ApnaComplex is the best Society Accounting Software“SJR Spencer has chosen ApnaComplex portal for the better management of entire community of residents. ApnaComplex was chosen after good amount of due diligence with different software vendors. The prime reasons for selecting Apnacomplex are:

  • The personal commitment & support provided by the ApnaComplex team
  • Easy User Interface
  • Easy adaptability by Support team to include required features based on our own requirements.
  • Cost – definitely was one of the major factor in our decision making

We are really looking forward to very healthy relationship with Apnacomplex in future and would certainly like to see that community of residents benefits a lot from this association.”

Thank you Mr. Amish for your words and look forward to serve SJR Spencer-ites.


Get your Society on ApnaComplex – Today!
ApnaComplex is India’s most comprehensive web based housing society accounting, management and communication software. It is designed to make the life of residents and owners a lot better by bringing in more transparency and accountability in managing a housing society. Check out the features of ApnaComplex and sign up your society today to get the benefits! We offer a free 30-day trail as well so that you can try before you buy!


Temple Tree Apartments Goes Live on ApnaComplex!

We warmly welcome all owners and residents of  Temple Tree Apartments, an apartment complex in Ulsoor area of Bangalore, on to ApnaComplex Portal.  The Temple Tree Apartment Owners Association were using another apartment management software earlier that was not able to meet thier needs and hence did a through evaluation and zeroed in on ApnaComplex. Mr. Rajiv Babu, Committee Member of Temple Tree Apartment Owners Association has the following to say on the this occasion:
ApnaComplex is the best Accounting and Management Software for any Housing Society

ApnaComplex is the best Accounting and Management Software for any Housing Society

“As an apartment community, we needed various tools for effective functioning. This included communication tools, accounting tools, issue filing systems and a whole lot of other systems. Initially our apartment complex was setup on another apartment management software, but we had serious issues in maintaining accounting information.

Over time, this became really cumbersome as multiple accounts were being maintained in excel and other systems. We wanted one system which could handle all the accounting and also circulate information to all members. ApnaComplex had a unique feature in that we found it to be the only apartment management system which supported double entry accounting.

While we are still setting up our accounts, we envisage it now becoming like bank accounts with detailed statements, receipts, transaction history and all sensitive information under one roof. All this seems to come at a very reasonable price making it a really worthy investment. We hope using this tool, the whole management experience would become very professional rivaling corporate setups.

Thank you Mr. Rajiv and TTAOA for your nice words. We look forward to serve Temple Tree Apartments.


Sobha Althea and Azalea Complex Goes Live on ApnaComplex!

Sobha Althea and Azalea – a premium residential property in Yelahanka, Bangalore has gone live this week on ApnaComplex.  The society of this 176 flats + 26 villas complex, has chosen ApnaComplex after a detailed evaluation and comparison with other software.

Writing to us on this occasion, Mr. Kannan, President of Sobha Althea and Azalea Apartment Owners Association has the following to say –

ApnaComplex - Right Choice for every gated community

ApnaComplex - Right Choice of every gated community

“We evaluated several options for managing our Association – Sobha Althea and Azalea Apartment Owners Association and zeroed in on Apna Complex.

Some of the key factors that went in favour of Apna Complex were the ease of operating the portal, the quality of thought that has gone into designing the portal, the clarity & level of commitment of the ApnaComplex team in ensuring continuous updation and modernisation of the portal taking into account individual customisation requirements.

The portal is quite comprehensive for managing the day to day running of an Apartment Complex at a reasonable cost. The on-boarding is fast and our experience in setting up the database for our complex was very smooth and easy. We wish Apna Complex all the luck in expanding their base.”

Thank you Mr. Kannan Viswanathan and Mr. N.K. Balasubramanian of SAAAOA for the nice words and we look forward to serve Althea and Azalea complex!


Accounting System packaged with ApnaComplex portal is what makes it unique!

We are blessed with another solid testimonial from a happy customer – Mr. S V Padmanabhan, Hon. President of  Dhyanaprastha Township Owners Society. Here is what he has to share about ApnaComplex:

Testimonial
“We started using ApnaComplex portal since mid Feb. 2011 after preliminary trials, especially with the Accounting System packaged with it. This is what makes this portal unique and suitable for our township for senior citizens. It is managed by the owners – all senior citizens. Apart from common services typical of other societies, we offer centralized cooking / catering of food and housekeeping besides car / driver

To keep track of expenses and income, we wanted an online Accounting System that could be accessed and monitored remotely by the Treasurer and any Office Bearer of the Managing Committee. ApnaComplex makes it possible. At any time it is possible to ensure that all transactions are up-to-date. We can generate reports that can help control expenses. Any member can get information on bills raised and payments made. The system is user friendly and does not call for the services of an accountant.

The portal is also rich in other features that can be used by all members. In short, ApnaComplex is very well suited for most housing societies. The license fee is reasonable in the context of the benefits that can be realized by its use. I wish ApnaComplex success in their endeavour to promote their application.”

Thank you Mr. Padmanabhan. We are glad we are of help to make life of senior citizens in your society a little less hassle free.


ApnaComplex provides value that is unbeatable!

A great way to begin a New Year. Mr. Tagore, Treasurer of Studio Sycamore Apartments provided us a testimonial that made us happy and proud! Mr. Tagore says:
ApnaComplex - Best Apartment Management Software

“Its’ been almost 6 months since we have started using ApnaComplex website for managing our apartment complex. It has brought us great amount of transparency, centralized, efficient way of managing the activities for the complex. ApnaCompelx provides easy to use interface to manage finances, keep track of assets/maintain them, manage committees, meetings, notices and share information in a timely way. I see ApnaComplex support team striving to add features weekly, provide great support with prompt actions on raised questions and most importantly send useful updates weekly to the users for managing activities in an efficient way. For the price, ApnaComplex provides value that is unbeatable!!

Thank you Mr. Tagore! You made our festival day extra special!


Penalties In A Housing Society – Effectively Creating A Revenue Stream

The managing committee in every housing society is responsible for maintaining and managing the infrastructure. There is a steady stream of revenue that the management committee gets every month, as and when all residents in the apartment complex pay their maintenance dues.
There are other ways through which a managing committee can earn some steady revenue, so that it can build new structures and improve the existing infrastructure without cutting a hole through the pockets of all residents.

Use penalties as alternate revenue channel

Penalties Can Help In Establishing Order


Interestingly, an apartment association can mimic a government’s functioning and use penalties as a form of revenue, to ensure that its internal processes are carried out in an unaffected manner.

Why Use Penalties As A Source Of Revenue?

Using penalties as a source of revenue can aid an association in two ways.

  • Creating Order: It will help in tightening up the existing system and making the residents more responsible and punctual when it comes to paying their dues. A system where no action is taken on defaulters will only invite more lethargy and bring in complacence. A managing committee can create a set process in this way, bringing in more control and transparency to its administration.
  • Tapping Into A Revenue Source: It will act as a source of money, and in this way new structures that are essential for every housing society like Rain Water Harvesting structures (including pits, dug wells, hand pumps, trenches, and recharge wells) can be constructed straight from the apartment association’s funds without collecting money from the residents. As long as this system is made transparent, there will be no issues whatsoever. Members of the managing committee should maintain records for all penalties collected and how and where the money has been put to use.

Wondering how to easily keep track of the penalties and payments against them?
More often that not, the reason for not imposing penalties in a housing society is the administration hassle associated with imposing them and ensuring a collection of the same. Its a nightmare to keep track of these without help of proper tools.

ApnaComplex’s powerful accounting features come in handy here. Treasurers can easily post the penalty charges to a member’s account and the member clearly would be aware of the penalty charge s/he has to pay. Treasurers can easily track the payment against the penalty. Most importantly, this brings about a transparent way of dealing with situations leading to penalty. What’s more – ApnaComplex being a complete accounting solution – the penalties collected can be categorized under any number of different heads of your choice – such late payment penalties, or common area penalties etc. and all of them would get reflected in your balance sheet and income/expense statement that every member can clearly understand. Absolutely, more transparency.
Yet another instance where using ApnaComplex not only saves effort, but also improves orderliness and even generates revenue for your society. Sign up your society today and get the benefits.

Where Can Penalties Be Charged?

Every housing society has its own set of bye laws, and these bye laws will provide information about the many penalties that can be levied on defaulters. The members of the managing committee can charge some penalties for the following acts:

  • Violation of Bye-Laws – Most association bye-laws has rules on how balconies must be kept clutter free not spoiling the facade of the apartment complex, how to manage garbage, how to maintain sound levels etc. Still, there could be Residents/Owners who violate terms by having messy balconies, cause inconvenience to neighbors with loud music or wood work during nights etc. and association can consider imposing penalty charges for the same.
  • Damage To Common Areas – The managing committee in a housing society can fine people for damaging important structures in the apartment’s common areas. A person who causes any form of damage to elevators, benches, roads, staircases, or swimming pools in the housing society can be fined. Penalties can also be charged for damages caused to gym equipments or library assets.
  • Raising Pets – Though, not exactly a penalty, this is one major source of revenue that an association can tap into. Not all housing societies have bye laws that allow people to raise pets; so members of the managing committee can charge people who have pets in their household (if pets aren’t allowed). A pet deposit can be taken or pet rent can also be levied every month to create a steady source of revenue.
  • Late Payment Of Dues – This is the most obvious and frequently used – Residents in the housing society who don’t pay their maintenance charges within the stipulated time can be penalized, and for this, a deadline should first be set and made public. This will help in making the collection process more effective.

But remember, before imposing any penalties, all the associated rules and the penalty amounts must be proposed, discussed, and voted in an AGM. Association cannot impose penalties with out first getting them approved in an AGM and recording those minutes.