There is no better way for ApnaComplex team to celebrate the festive season than receiving a glowing testimonial from Major Ramesh Ramachandran, Joint Treasurer of Vasanth Vihar AWHO – a 424 unit residential complex in Bangalore. Vasanth Vihar AWHO has adopted ApnaComplex around May 2015 and has instantly experienced the benefits of the powerful accounting capabilities of ApnaComplex.
Here is what Major Ramesh Ramachandran has written to us:
Having used other Apartment Management software I can vouch that ApnaComplex is India’s No 1 Apartment management Software. The accounting module does not permit the Accountant to manipulate the accounts without the appropriate permissions being given. Details of every individual making an entry is logged. The ease of use and automation of the system cuts the accounting costs by 50%. The various reports that can be generated with the click of a mouse has been appreciated by the not so tech savy members. Members can check their payments online without having to contact the RWA office.
Other than Accounting, every other feature that you can conceivably think of for communication, facilities management and other aspects of society management, have already been incorporated in ApnaComplex. I stand by every word the company has stated in their “Details of Features and Benefits” pages.
Last but not the least, their exemplary support makes life so much easier.
Thank you Major Ramesh! We are happy we are able to help your society!
Want to manage your apartment easily and financials transparently in your Housing Society? – Get on to ApnaComplex – Today!
We are pleased to announce the release of Approval workflow for Bills.
Almost all societies have the process of bills submitted by vendors to be approved by one or more committee members before the payment is released to the vendor. With this new feature, accountants will now be able to trigger a approval workflow when ever a new Bill is received. The approvers can approve / reject the bill with comments. A bill can re-submitted for approval with updated data to the approvers. Unless a minimum number of approvers approve the Bill, no one would be able to record payment against that Bill.
The approver list is same as PR Approvers and Request Box approvers and thus can be reused.
Once this is done, when a new Bill is created, you have to select the Approver List to trigger the approval work flow. When ever the setting is disabled – the bills will be treated as automatically approved. To see the approval history of a Bill, click on the ‘Print button’ in actions column to see the approval/rejection history with remarks.
Coupled with the fact that you can attach any number of docs with a bill, you can now easily create a Bill – scan the physical copies of the bill and then trigger the workflow. All approvers can see the physical copies of the bill and then approve/remark with their comments.
Yet another nifty automation by ApnaComplex to save your time and efforts!
Stand-alone or offline accounting software have a history of being used predominantly for almost all accounting operations – both corporate and the housing societies. With time accountants/management associations handling the accounts of a housing society have realized that the accounting needs of a housing society are very different from the accounting requirements of a company.
Understanding this difference, housing societies have started adopting ApnaComplex, a mobile and web-based apartment management and accounting software designed especially for housing society accounting needs. In fact, ApnaComplex is that simple to use that it truly believes in and uses the tag line – “Who said Society Treasurers need to know Accounting?” The management committees of housing societies using ApnaComplex accounting software completely agree with this. ApnaComplex has helped them reduce their manual work and save costs in parallel.
Though both stand-alone accounting software and ApnaComplex offer some basic similar functionalities for managing accounting operations, there seems to be a huge difference in what they both offer to the end customer in terms of specific functionalities useful only for housing societies. Let’s look at some of the clear advantages of using ApnaComplex over stand-alone accounting software:
ApnaComplex Accounting Software
Other Accounting Software
Ability to use the software anytime from anywhere
Simple to use, even non-accountants can enter data
Easy to understand and pull out required reports
Provides periodic training to accountants to keep them up-to-date
Offers online services with self- service options
Integrated with emails, SMS and online payments
Provides flat-wise account statement
Offers readymade flat-wise, head-wise sub-ledger
Automates unit-wise due generation
Automates maintenance payment reminders
Automates calculation of late payment interest
Online Payment facility with automatic updation of all books
Net banking facility for members and option to pay by credit or debit card
Distribution of invoices/receipts as PDF files through emails, summary through SMS
Automates allocation of collection to invoices
Create Purchase Request & Approval Workflow
Ability to download invoices of all units in one PDF file for printing
Option to mark and leave out units that don’t require hard copies while printing invoices – Save trees!
Provision to share accounting due status with maintenance staff rendering services to easily enforce no service for defaulters
Automatic head wise ledger for each unit with the system doing the heavy lifting
Generate one click balance sheet, income expense statement and trial balance.
Reports can be scheduled to be emailed to desired people on a defined frequency
The above functionalities clearly exhibit how ApnaComplex is more suitable for housing society accounting in comparison to stand-alone accounting software. However, there are some common functionalities that both ApnaComplex and stand-alone accounting software offer mentioned below:
Facility to export the entire accounts data to excel.
Generate expense/income statements and final balance sheets.
Record cash expenses entries and generate payment vouchers.
Reconcile bank account statements.
Make journal entries.
Stand-alone accounting software are useful when it comes to corporate accounting but management associations of a housing society need a software, which is custom-built for them. ApnaComplex realizes this need and is attempting its level best to help management associations achieve their aim of becoming not just any committee but an “effective management committee.”
Presently, the number of apartment complexes in India is growing exponentially. With the growing number of apartment sizes, management committees are looking for some active help from chartered accountants or auditing firms to manage their accounting operations. This scenario offers a huge potential to accountants to grow their business.
Earlier, chartered accountants were using offline software like Tally etc. to manage the accounting operations of housing societies, which made it hard for them to manage multiple housing societies all at the same time. With the growing housing society accounting requirements, accountants have felt the need for a software that helps them reduce their manual work and allows them to login and work from anywhere and everywhere reducing their travel time.
ApnaComplex, a mobile and web-based apartment management and accounting software is a one-stop-solution for all housing society requirements. The software is now increasingly being trusted by chartered accountants (CAs) across India as their technology partner for offering premium service. In this digital era, CAs have quickly understood that by adopting ApnaComplex they can achieve multi-fold growth in their business along with reducing their manual work.
Top reasons why Chartered Accountants prefer ApnaComplex over other software:
• Best accounting software across India – ApnaComplex offers online services, with self- service options, integrated with emails, SMS and online payments providing a clear edge over other players.
• Helps in saving costs – The accounting software helps in reducing society accounting work effort drastically and automates a lot of accounting processes. Even non-accountants can be employed for data-entry and the self-service option for residents in the software really helps.
• Supports in growing business – Not only do the accountants use ApnaComplex for their existing customers but also acquire customers referred by ApnaComplex. As a result, the customer base of accountants grows in size.
• Offers convenience to work from anywhere and everywhere – ApnaComplex accounting software enables accountants to enter and access data from anywhere. One does not need to carry all data to a centralized location. Moreover, multiple people can work on entering data of same society in parallel further speeding up the work.
• Provides training and support – ApnaComplex offers regular training and support to the CAs on the product and conducts periodic refresher courses, which makes it very simple for the accountants to quickly become a pro in using the software.
Why ApnaComplex accounting software is found to be especially designed for housing society accounting?
ApnaComplex automates the following housing society requirements for the accountants and management associations, making their work way easier:
• Offers readymade flat-wise, head-wise sub-ledger
• Automates unit-wise due generation (Automated Maintenance Payment Reminders – Online Payment facility with automatic updation of all books)
• Provides flat-wise account statement (Distribution of invoices/receipts as PDF files through emails, summary through SMS)
• Automates calculation of late payment interest
• Automates allocation of collection to invoices
• Generates reports
Why as a Chartered Accountant you should partner with ApnaComplex if you still haven’t done it?
Opportunity to acquire new business – With the growing number of apartment complexes adopting ApnaComplex certainly increases your scope to expand your business. Increase Customer Satisfaction – By partnering with ApnaComplex, you definitely get happier customers as you are empowered to offer smart accounting services with minimal errors always on time. Gain Competitive Advantage – You can offer the best-in class value add services, which is unmatched in the market to your customers by collaborating with ApnaComplex. Save on costs – ApnaComplex helps you reduce your manual efforts and even use unskilled workforce to operate the software. Yes, it’s that simple to use! It helps you reduce your costs drastically.
So, partner with ApnaComplex today to create synergy and get powered with technology to offer superior accounting services and maximize your revenue.
BBMP (Bruhat Bangalore Mahanagara Palike) has proposed a plan to charge property tax on the common areas in commercial and apartment complexes. The common areas will include all facilities such as playground, parking space, garden, gym, pool or lobby. As a result, it really doesn’t matter if the common area is owned by an individual or an apartment association, the owner has to pay the tax.
BBMP is expected to start charging this tax only after one or two years as it wants to conduct an extensive survey of properties in Bangalore.The agency is expecting at least a 30% hike in its revenue stream with this drive.
Sources from BBMP revealed that even club houses will be treated as any other commercial building and will be taxed in the same manner the way any supermarket or a mall is charged for property tax.
It has come to BBMP’s notice that presently apartment owners are paying property tax only based on carpet area (actual usable area) and not paying any tax for the common areas.BBMP expects a significant boost in its revenue stream if the proposed plan is approved and the residents start paying for common area as well.
The apartment owners are not taking this proposed plan well. An apartment owner from Sarjapur revealed – “Why should I pay additional property tax on common area? I am already being burdened with apartment maintenance charges and property tax on carpet area. BBMP should think of the resident welfare before proposing such plans”.
BBMP is currently also studying how the tax on common areas is being charged in other metropolitan cities, sources added.
From your kids playing in the park to you working out in the gym , everything just may get attached with a higher price!
Management Committee (MC) of a housing society/apartment complex is essentially the backbone of an apartment complex. The activities performed by the managing committee members determines the residents’ quality of life up to a great extent. The committee members shoulder a great responsibility to offer a superior experience to residents staying in an apartment. For smooth operations of an apartment and to fulfill one’s responsibility as a management committee member, a certain code of conduct needs to be followed.
Most people take up the job of a management committee member more as a voluntary service for their apartment. Moreover, there is no formal induction done for easing the first-time committee members into the job. The code of conduct given below will help all existing and newly formed management committee set a standard and a certain level of expectations among all committee members.
General Code of Conduct:
As a management committee member of a housing society, these are the general code of conduct that needs to be followed:
Act with Integrity and Honesty
Transparency and openness in apartment dealings is essential
Never misuse your MC position and power. Use it responsibly
Earn and sustain housing society’s trust
Execute with Thoroughness & Due Care in Financial Operations
Ensure availability of relevant information
Make adequate enquiries
Understand strategic, financial & other decisions implications
Put Society’s Best Interest Forward
Be accountable for actions taken by you
Take responsibility for your decisions
Activities that bring disrepute to the society should be avoided
Act Impartially, Fairly and in Good Faith
Self-interest, impulse, discrimination and bias should be avoided
Act in a polite manner and be respectful towards others
Appropriate Information Usage
Information collected as a committee member is expected to be used in a proper manner. The right discretion should be used while disclosing or keeping a particular piece of information confidential.
Comply with privacy obligations in dealing with any kind of personal information you gain as a management committee member.
Use your Managing Committee Member Position Appropriately
Never take undue advantage of your managing committee member position for yourself, friends or family.
Never use your position for causing damage to Society.
Decline favors or gifts that may influence your independent judgement as a managing committee member.
Compliance with Society Byelaws
Go through Society byelaws carefully and adhere to the society rules.
Understand the jurisdiction of the power given to you and act accordingly.
Code of Conduct for Management Committee Meetings:
The single measurement unit of how effective a management committee is the number of meetings a committee conducts in a year to discuss the welfare of an apartment and residents. The ideal number of meetings that an apartment committee should conduct is expected to at least be somewhere in between 50-54 meetings in a year.
However, very few apartment management committees meet in a regularly and orderly fashion. Most of the apartment meetings get cancelled frequently. If they do happen, they never start or end on time. Some of the ground rules given below should help and most of these would work and be helpful for management committee of any apartment size:
Try to attend every meeting.
Give advance notice to President/Chairman in case you are unable to attend meeting.
Come prepared for the meeting – read agenda, emails or any important documents.
Switch off your mobile phone during the meeting.
Respect difference of opinion during the meeting and always respect others decisions.
Speak politely and do not indulge in heated arguments.
Engage in constructive and healthy discussions.
Accept any decisions that win majority votes even if you personally disagree with the same.
Speak only when it’s your turn and listen carefully when others speak.
Treat other management committee members with respect and ensure no behavior should be interpreted as bullying, harassment or discrimination.
Make positive contributions to discussions.
Avoid long speeches and be concise.
Always be respectful towards the committee chair and adhere to the ruling provided by the same.
Code of Conduct while dealing with Society employees or Contractors:
Treat vendors and staff of the society with respect.
In case, as a management committee member you have a concern about conduct of any staff member, you should contact relevant management committee member in-charge and try to informally resolve the problem.
Put up formal complaints at MC meetings instead of getting involved in heated arguments with staff.
Try to follow the above mentioned code of conduct and put society’s best interest forward for contributing significantly in building a healthy community.
Apartment accounting software is becoming the need of the hour for every apartment. Managing accounting operations for an apartment can be quite a task. Larger the apartment, harder is the task for a treasurer or an accountant to manage the accounting operations of an apartment or a housing society. Maintaining multiple invoices, receipts, expenses, bills, payment vouchers and credit notes manually or in an excel can literally drive a person crazy and can eat up a lot of personal or family time to resolve accounting issues. What is the end-to-end solution for apartment treasurers or accountants? The answer to all housing society accounting management issues is an apartment accounting software. ApnaComplex is one of the most popular and widely used apartment accounting software across India.
What is an apartment accounting software?
A software that enables apartment treasurers or accountants to track the income & expenditure easily for an apartment community is known as an apartment accounting software. ApnaComplex, one of the best apartment accounting software in India is easy to set up and operate. It is the only apartment software with auto-reconciliation of books and offers fully automated apartment billing. So, treasurers and accountants can now just configure the software once and then just relax!
What are the benefits of an apartment accounting software?
Simplifies work of accountants, managing committees and the treasurers.
Helps maintain online account statement of each flat.
Publish an account statement with a single click.
Reduces manual labour of entering account details on a daily basis.
Convenience to pay maintenance bills, book facilities etc. via online payment gateway and send an e-receipt.
Raise and approve purchase requests, set budgets & track expenses, bills and payables.
View balance sheet and other statutory reports in real time, any time – Auditors only have to review and approve the reports.
ApnaComplex offers all the above mentioned benefits to its members.
Why housing societies/apartments love ApnaComplex accounting software?
Mature and easy-to-use accounting software – ApnaComplex accounting software meets all the accounting requirements of an apartment. Apartment-specific accounting features and self-service facility offers premium user experience to residents and complete automation reduces the work load of accountants/treasurers drastically. The best part of the software is that you don’t even need to be an accountant to operate this system.
User-friendliness and super high configurability – Extremely simple user interface and highly configurable system enables ApnaComplex to meet specific needs of the customer.
Excellent Support– ApnaComplex walks the extra mile to extend support to their customers to help them run their apartment operations smoothly.
Apartment Management accounting software makes life of treasurers/accountants of an apartment way easier. So, don’t spend your free time reconciling account books now, spend more time with your loved ones.
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Update: The issue is resolved and the site is up and running now.
How many times does the power cut happen just when you are planning to do some important work? Earlier, all one could do was wish that someone would have given prior information before the power cut so that one could plan accordingly.
Noida Power Company Limited (NPCL) is making this wish come true for Noida residents who have now almost resigned to the erratic and long power cuts in the city. For making the situation better, NPCL has decided to send SMS alerts before every power cut. The SMS will be sent out irrespective of any power failure reason. So, whether the power is cut due to distribution transformer breakdown, supply shortage, maintenance work or fault in transmission wires SMS will be sent out compulsorily.
NPCL holding franchise for distributing power in Noida and Greater Noida will now send text messages before every power cut. However, the text messages will not be sent directly to the residents. The Resident Welfare Associations (RWA) officials of various sectors in Noida region will receive the messages, who will then forward it to the residents.
RWA officials of different sectors had demanded this facility of prior information to be given before power cuts due to frequent power cuts and rising temperature. Some of the common problems that the RWAs were facing due to power cuts was shortage of water since one cannot run water pumps with inverter. If one knows in advance that there will be a power cut of 4 hours in the peak morning hours, one can be prepared and fill in all the required water tanks in the evening so that there is no problem in the morning. Secondly, for the apartments that use generators with diesel for providing 24*7 back-up power facility to residents, can ensure that there is enough diesel in stock for running the generator continuously. Such small measures can really give comfort to the residents.
So, from now on Noida residents can plan their power cuts. Students can finish their homework and studies before the light goes out. Ladies can complete their cooking and housework before the power cut. People carrying official work home can spend extra hours in office based on the power cut schedule. When the residents know there is going to be a power cut in advance, everyone can finish their priority work in advance and no one has to make do with slow running fan of an inverter.
Now enjoy your power cuts by going to an AC mall or plan your day in office based on the power cuts because this summer NPCL just reduced your power cut heartburn by at least 30% by sending the text messages with power cut information in advance.
This initiative is a very good initiative taken up by the Noida RWA. The same initiative should be replicated in other cities as well.
Quite often we hear instances of chain-snatching, vehicle theft and burglary in our area and complaint about how CCTV cameras should be installed to nab the culprits. But how many times have we actually gone ahead and done something about it?
About 3000 residents of Hennur Layout in Northeast Bengaluru have come together to do something about the situation and have gone way beyond just complaining.
The residents had been gripped with the fear of burglary, vehicle theft and chain snatching for quite some time now. What added to their woes was that their local police station was moved to a neighbourhood constituency about 2 years back. The residents plead for a police station in their area and a resident agreed to offer a place for setting up the police outpost. Despite of setting up a police outpost, chain-snatchers brutally attacked a woman. Although the culprits were nabbed, the residents felt insecure after the entire incident.
For ensuring 24*7 security for residents to feel safe, Hennur Layout Resident Welfare Association (RWA) decided and installed CCTVs to monitor their locality all day-long. The RWA spent about Rs.1.25 lakh and installed about 6 CCTV cameras with a fully established control and monitoring unit in the locality. Vantage points connecting to other layouts were chosen across the locality to install the cameras. Anybody mobbing out or entering the layout has to pass through these specific points. Moreover, the cameras installed are bullet cameras, which function even during rains. Even when it’s dark, the images it captures have very good resolution. A DVR system has been set up at the police outpost to record and monitor the images. These images will be jointly monitored by RWA and the police.
The Hennur RWA plans to extend these services in other localities as well. Although a few organizations contributed, finances were mostly provided by individuals. However, the RWA was disappointed about no police official turning up at the inauguration of CCTV cameras. Police must encourage and promote more of such resident initiatives. The citizen activism shown by residents for ensuring law and order in their locality has set an example for other localities and RWA.