Wishlist for Housing Society AGMs

It is April, and it is AGM time. While you get ready to ensure your Housing Society Management System – ADDA’s Admin Reports are ready to be shared or printed,…

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Role of Tenants in Society Accounting

What is the direct role of tenants in society accounting? Can the Housing Society levy charges directly on them? Or does a society accounting system only accounts for permanent owners?…

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NOC for Housing Society Accounting – What is it?

Many Societies charge a Non Occupancy Charges for Apartments that are rented.  These charges involve NOC for housing society accounting and are made part of the Monthly or Quarterly Invoices…

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Apartment Maintenance Charge Calculation – A Guide

Every Housing Society or Apartment Owners Association at its formative stages has to decide on the structure of apartment maintenance charge it will collect.  through apartment maintenance app. Step 1: As…

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Complete Society Accounting Software

Today we launch a new Application in Society Accounting Software ADDA – an Application that gives the last mile solution for ADDA Treasurers for society accounting – The General Ledger…

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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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Bookkeeping Requirements in Society Accounting

The guideline for Bookkeeping requirements for Apartment Owners Association is detailed in the Societies Act (1960), and some of the specifics about Common Profit & Losses are outlined in the…

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Welcoming April-2010 with Service Tax, Tally Integration and more!

The Tech team of ApartmentAdda has been burning gallons of midnight oil collating the Accounting related inputs from customers,and running through them with reputed Apartment Auditors. The latest release of…

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Why use the ADDA Society Accounting Software?

What are the Financial transactions that Multi Dwelling Units (Apartment/Villa communities) perform? 1. Invoicing Residents 2. Collecting Payments from Residents 3. Receiving Vendor Invoices 4. Making payments to Vendors 5….

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Income Tax for Apartment Owners Associations

Are Apartment Owners’ Associations in India liable to pay Income tax? Which income categories are taxable and which are exempt? Do they need to file tax returns every year? These…

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