Rs. 500 & Rs. 1000 ban: Tips For Money Management in Housing Societies

A bold decision by Modiji to ban old Rs 500 & Rs 1000 notes, may have you worried regarding impacts on housing society accounting and management. Here’s a few tips…

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India’s 1st App for Management Committee now in iOS too!

Dear iFans, here’s some great news for you! ADDA Admin App is now available on iOS too! It has a superbly designed UI, it is blazing fast and it makes…

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CTS 2010 Standard Cheques

Dear ADDA Treasurers, RBI is mandating the use of new format Cheque leaves – known as CTS 2010 standard Cheques from 01-Jan-2013. UPDATE ON 19-DEC-2012: RBI has now extended the…

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Tenant involvement in Society Accounting

Can the Housing Society levy charges directly on the Tenant? The answer is No. The Housing Society can levy all charges only on the Member, who is the Owner of…

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NOC for Housing Society Accounting

Many Societies charge a Non Occupancy Charges for Apartments that are rented.  These charges are made part of the Monthly or Quarterly Invoices or Demand Notes. Here are a few…

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Asset Tracker Enhanced to Track Inventory

Dear ADDA Admins, The Asset Tracker has been upgraded to track Inventory as well. Now you can track the inflow and outflow of any inventory that you are interested in…

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LIVE view of Late Payment Interest

When  you view the Account Statement of the Resident, you will be able to view the Late Payment Interest Accrued since the last Invoice posted.  The Resident can also view…

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NetBanking for your Association Bank Account

Are you – as a Treasurer or Executive Committee member – looking at an alternative way of paying the Vendors other than Cheque payments. Most banks allow Association Bank Accounts…

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Bye-Laws for Apartment Owners Associations

Per the Karnataka Apartment Owners Act, the purpose of the Bye-Laws and the norm of framing them are as below . (1) The administration of every property shall be governed by…

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Expense Tracker Enhancements

Dear ADDA Treasurers, The Expense Tracker (part of Premium PRO & Premium LITE Accounting packages) just got a tremendous face lift. Here are the differences you will see. There is…

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