{"id":20916,"date":"2025-04-18T03:50:43","date_gmt":"2025-04-18T03:50:43","guid":{"rendered":"https:\/\/adda.io\/blog\/?p=20916"},"modified":"2025-04-23T19:16:00","modified_gmt":"2025-04-23T19:16:00","slug":"book-closure-budgeting-webinar-by-adda","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/","title":{"rendered":"Book Closure &amp; Budgeting Webinar by ADDA.io \u2013 Expert Tips for Efficient Society Accounting"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/share.hsforms.com\/10tY-ac7US7eVkx6pR06oug8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-1024x576.png\" alt=\"\" class=\"wp-image-20992\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-1024x576.png 1024w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-300x169.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-150x84.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-768x432.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-1170x658.png 1170w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1-585x329.png 585w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Copy-of-Most-Attractive-Youtube-Thumbnail-1-1.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>At ADDA, empowering community leaders with practical knowledge has always been a core mission\u2014and our recent webinar on <strong>\u201cBook Closure &amp; Budgeting\u201d<\/strong> was another step forward in that direction.<\/p>\n\n\n\n<p>It drew <strong>Managing Committee (MC) members, Treasurers, and Society Accountants<\/strong> from across India, all eager to gain actionable insights on audit closure, budgeting, and financial best practices.<\/p>\n\n\n\n<p>The webinar featured <strong>three seasoned experts<\/strong> <strong>Mr. Sahil Lohia, Mr. Sunil A &amp; Ms. Aditi<\/strong>, each bringing a unique perspective\u2014from statutory audit processes and strategic budgeting to modernizing accounting operations using technology.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/share.hsforms.com\/1O_sbTo3HQfyZor2w7qFcGw8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"737\" height=\"124\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM.png\" alt=\"\" class=\"wp-image-20945\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM.png 737w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-300x50.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-150x25.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-585x98.png 585w\" sizes=\"auto, (max-width: 737px) 100vw, 737px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>Let\u2019s dive into the highlights of what each speaker shared:<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a038adba6914\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a038adba6914\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#%F0%9F%8E%99%EF%B8%8F_Speaker_1_Mr_Sahil_Lohia_%E2%80%93_Year-End_Financial_Closure_Reporting\" >\ud83c\udf99\ufe0f Speaker 1: Mr. Sahil Lohia \u2013 Year-End Financial Closure &amp; Reporting<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Key_Highlights_of_Mr_Lohias_Session\" >Key Highlights of Mr. Lohia&#8217;s Session:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#1_Mandatory_Audit_Deadline\" >1. Mandatory Audit Deadline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#2_Responsibility_of_Audit\" >2. Responsibility of Audit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#3_Documentation_for_Audit\" >3. Documentation for Audit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#4_Audit_Process_Flow\" >4. Audit Process Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#5_Grading_Compliance\" >5. Grading &amp; Compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#6_Financial_Transparency_AGM\" >6. Financial Transparency &amp; AGM<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Live_Poll_Insights_What_Society_Leaders_Struggle_With_Most\" >Live Poll Insights: What Society Leaders Struggle With Most<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Poll_1_Year-End_Book_Closure_Challenges\" >Poll 1: Year-End Book Closure Challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Poll_2_Audit_Process_Bottlenecks\" >Poll 2: Audit Process Bottlenecks<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#%F0%9F%8E%99%EF%B8%8F_Speaker_2_Mr_Sunil_A_%E2%80%93_Budgeting_for_the_New_Year\" >\ud83c\udf99\ufe0f Speaker 2: Mr. Sunil A. \u2013 Budgeting for the New Year<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Key_Highlights_of_Mr_Sunils_Session\" >Key Highlights of Mr. Sunil&#8217;s Session:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#1_The_3_Pillars_of_Financial_Governance\" >1. The 3 Pillars of Financial Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#_2_Budgeting_Starts_with_Thorough_Review\" >&nbsp;2. Budgeting Starts with Thorough Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#3_Differentiate_OPEX_vs_CAPEX_Clearly\" >3. Differentiate OPEX vs. CAPEX Clearly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#4_Separate_Operational_Reserve_Bank_Accounts\" >4. Separate Operational &amp; Reserve Bank Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#5_Service_Charge_Computation_Must_Be_Data-Driven\" >5. Service Charge Computation Must Be Data-Driven<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#6_Ensure_Consistent_Syncing_Fund_Collection\" >6. Ensure Consistent Syncing Fund Collection<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#%F0%9F%8E%99%EF%B8%8F_Speaker_3_Ms_Aditi_%E2%80%93_Keeping_Books_Audit-Ready_with_ADDA\" >\ud83c\udf99\ufe0f Speaker 3: Ms. Aditi \u2013 Keeping Books Audit-Ready with ADDA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Key_Highlights_of_Ms_Aditis_Session\" >Key Highlights of Ms. Aditi&#8217;s Session:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Top_5_Takeaways_from_the_Webinar\" >Top 5 Takeaways from the Webinar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/adda.io\/blog\/2025\/04\/book-closure-budgeting-webinar-by-adda\/#Gratitude_Looking_Ahead\" >Gratitude &amp; Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%8E%99%EF%B8%8F_Speaker_1_Mr_Sahil_Lohia_%E2%80%93_Year-End_Financial_Closure_Reporting\"><\/span><strong>\ud83c\udf99\ufe0f Speaker 1: Mr. Sahil Lohia \u2013 Year-End Financial Closure &amp; Reporting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-1024x536.png\" alt=\"\" class=\"wp-image-20933\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-1024x536.png 1024w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-300x157.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-150x79.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-768x402.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-1170x612.png 1170w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1-585x306.png 585w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Mr. Sahil Lohia<\/strong>, Founder of <em>The Society Consultants<\/em> and Director at <em>SL Realty Private Limited<\/em>, shared his expertise on community finance management and statutory compliance. With hands-on advisory experience for over 150 housing societies across Western Mumbai, his session offered practical clarity on what societies must do to stay compliant and financially sound.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights_of_Mr_Lohias_Session\"><\/span>Key Highlights of Mr. Lohia&#8217;s Session:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Mandatory_Audit_Deadline\"><\/span><strong>1. Mandatory Audit Deadline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Housing societies must <strong>complete account audits for the previous year by 31st July<\/strong> annually. This is a statutory requirement for all cooperative housing societies.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Responsibility_of_Audit\"><\/span><strong>2. Responsibility of Audit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Managing Committee or the Secretary<\/strong> is responsible for ensuring the accounts are audited on time, especially in the absence of an active committee.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Documentation_for_Audit\"><\/span><strong>3. Documentation for Audit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Important documents that are required during audit are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash &amp; cheque vouchers (with bills)<\/li>\n\n\n\n<li>Bank passbook &amp; statements<\/li>\n\n\n\n<li>Fixed Deposit receipts<\/li>\n\n\n\n<li>Income &amp; Expenditure statements<\/li>\n\n\n\n<li>Member collection reports<\/li>\n\n\n\n<li>Statutory registers (Share, Nomination, Investment, etc.)<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/share.hsforms.com\/1fR_C3f11S_-26ZeDPMCcNQ8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"747\" height=\"118\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_25_PM.png\" alt=\"\" class=\"wp-image-20955\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_25_PM.png 747w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_25_PM-300x47.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_25_PM-150x24.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_25_PM-585x92.png 585w\" sizes=\"auto, (max-width: 747px) 100vw, 747px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Audit_Process_Flow\"><\/span><strong>4. Audit Process Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Final Accounts Preparation \u2013<\/strong> Society prepares year-end financial statements.<\/li>\n\n\n\n<li><strong>Committee Review \u2013 <\/strong>Managing Committee checks and approves the accounts.<\/li>\n\n\n\n<li><strong>Auditor Submission \u2013<\/strong> Books are given to a certified auditor for verification.<\/li>\n\n\n\n<li><strong>Post-Audit Corrections \u2013<\/strong> Errors found must be discussed and fixed by the committee.<\/li>\n\n\n\n<li><strong>Form O Submission \u2013 <\/strong>A rectification report must be filed with the Registrar within 3 months.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Grading_Compliance\"><\/span><strong>5. Grading &amp; Compliance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Societies are graded A, B, or C based on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Minimal pending dues (fewer defaults = better grade)<\/li>\n\n\n\n<li>Proper record-keeping (registers, bills, meeting minutes)<\/li>\n\n\n\n<li>Timely meetings &amp; approvals (monthly MC meetings &amp; AGM on time)<\/li>\n\n\n\n<li>Insurance &amp; audits (building, lift, and structural compliance)<\/li>\n<\/ul>\n\n\n\n<p><strong>Grade A<\/strong> = Best compliance | <strong>Grade C<\/strong> = Poor compliance (risk of penalties)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Financial_Transparency_AGM\"><\/span><strong>6. Financial Transparency &amp; AGM<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Members must get <strong>access to financial records<\/strong> upon request<\/li>\n\n\n\n<li>The <strong>AGM must be held before 30th September<\/strong>, and<\/li>\n\n\n\n<li>Financial statements and auditor appointments are to be approved during the AGM<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Live_Poll_Insights_What_Society_Leaders_Struggle_With_Most\"><\/span><strong>Live Poll Insights: What Society Leaders Struggle With Most<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>During the webinar, we conducted live polls to uncover the biggest pain points societies face in book closure and audit processes. Here\u2019s what attendees shared\u2014<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Poll_1_Year-End_Book_Closure_Challenges\"><\/span><strong>Poll 1: <\/strong><strong>Year-End Book Closure Challenges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc5NV3J0wr_9O9iwHgw-I79mGElWjRd-TbISPbwhgDcs4RW7LQq5gNgQ9Y1_Nbxr-jRX9xXc_wxTAnvXFrOPSBqo367JIV7bHBXui_k9NPqSom05HDlQ6jhfwHB4gjpbTsBsaFc?key=0-8lUC43KS76tP2p6glYN1Q0\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>Why It Matters:<\/strong><\/p>\n\n\n\n<p>Nearly half of attendees struggle with manual data entry errors, highlighting the need for automated accounting tools like ADDA.io to reduce human effort and ensure accuracy. The second-biggest challenge\u2014compliant reports\u2014ties into our speaker\u2019s emphasis on digitizing records for seamless statutory compliance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Poll_2_Audit_Process_Bottlenecks\"><\/span><strong>Poll 2: Audit Process Bottlenecks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcp1y291Eus570kSbHfEyHUENsK-uSU-zhYzHsaNTjcCAQEZh1topJbRg0lSozVl9iF-Az9vszzvpYqCwy78SOGhVXp6-cj25uhk8GYzZbEwJu4nvlGjl2KRgOd2nFD2c7Non_Zpg?key=0-8lUC43KS76tP2p6glYN1Q0\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>Why It Matters:<\/strong><\/p>\n\n\n\n<p>A staggering 60% of societies lose time hunting down paperwork\u2014a problem easily solved by cloud-based document storage and digitized workflows. The session\u2019s demo of ADDA\u2019s centralized bill management feature directly addressed this pain point!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%8E%99%EF%B8%8F_Speaker_2_Mr_Sunil_A_%E2%80%93_Budgeting_for_the_New_Year\"><\/span>\ud83c\udf99\ufe0f <strong>Speaker 2: Mr. Sunil A. \u2013 Budgeting for the New Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-1024x536.png\" alt=\"\" class=\"wp-image-20942\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-1024x536.png 1024w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-300x157.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-150x79.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-768x402.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-1170x612.png 1170w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3-585x306.png 585w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-3.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Mr. Sunil A.<\/strong>, a seasoned Residential Welfare Association (RWA) Consultant with over a decade of experience, led an insightful session on the intricacies of financial governance for RWAs. The session primarily focused on the practical aspects of budgeting, compliance, and financial workflows aimed at ensuring long-term sustainability and optimal management of funds for housing societies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights_of_Mr_Sunils_Session\"><\/span>Key Highlights of Mr. Sunil&#8217;s Session:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_The_3_Pillars_of_Financial_Governance\"><\/span><strong>1. The 3 Pillars of Financial Governance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>A housing society\u2019s financial governance stands on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A <strong>well-planned annual budget<\/strong> (April to March).<\/li>\n\n\n\n<li>A <strong>forecast plan<\/strong> for major upgrades and capital expenses.<\/li>\n\n\n\n<li>A <strong>clear savings\/reserve strategy<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_2_Budgeting_Starts_with_Thorough_Review\"><\/span><strong>&nbsp;2. Budgeting Starts with Thorough Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Before preparing the new budget:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Review <strong>past 2 years\u2019 income, expense &amp; cash flow<\/strong>.<\/li>\n\n\n\n<li>Check <strong>budget vs. actuals<\/strong> to identify overspending or under-utilized areas.<\/li>\n\n\n\n<li>Evaluate <strong>existing AMC contracts<\/strong> for cost inflation.<\/li>\n\n\n\n<li>Analyze <strong>bank balance vs. payables<\/strong> as of 31st March.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Differentiate_OPEX_vs_CAPEX_Clearly\"><\/span><strong>3. Differentiate OPEX vs. CAPEX Clearly<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Operational Expenses (OPEX):<\/strong> Regular monthly costs like housekeeping, water, electricity, insurance.<\/li>\n\n\n\n<li><strong>Capital Expenditure (CAPEX):<\/strong> Asset replacements or upgrades (e.g. lifts, fire safety).<\/li>\n\n\n\n<li>Ensure <strong>reserves<\/strong> are enough before making CAPEX plans.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/share.hsforms.com\/19UGZ16HeR42OpZ-ffMYBDA8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"736\" height=\"107\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_27_PM.png\" alt=\"\" class=\"wp-image-20949\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_27_PM.png 736w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_27_PM-300x44.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_27_PM-150x22.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_27_PM-585x85.png 585w\" sizes=\"auto, (max-width: 736px) 100vw, 736px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Separate_Operational_Reserve_Bank_Accounts\"><\/span><strong>4. Separate Operational &amp; Reserve Bank Accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Keep <strong>operational funds<\/strong> and <strong>syncing\/reserve funds<\/strong> in <strong>separate bank accounts<\/strong>.<\/li>\n\n\n\n<li>Don\u2019t mix these \u2013 it causes accounting confusion and hampers tracking.<\/li>\n\n\n\n<li>Never use reserve funds for daily ops or vice versa.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Service_Charge_Computation_Must_Be_Data-Driven\"><\/span><strong>5. Service Charge Computation Must Be Data-Driven<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use detailed monthly\/yearly forecasts to arrive at the <strong>maintenance fee<\/strong>.<\/li>\n\n\n\n<li>Include a <strong>5% contingency buffer<\/strong> for unexpected costs.<\/li>\n\n\n\n<li>Factor in expected income (FD interest, rentals) and derive <strong>per sq.ft. charges<\/strong> accordingly.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Ensure_Consistent_Syncing_Fund_Collection\"><\/span><strong>6. Ensure Consistent Syncing Fund Collection<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Avoid <strong>one-time large collections<\/strong> to bypass GST thresholds\u2014it can backfire due to <strong>higher cash outflows<\/strong> and compliance issues.<\/li>\n\n\n\n<li>Instead, <strong>consistently collect sinking funds<\/strong> based on asset life cycles and forecasted CAPEX needs.<\/li>\n\n\n\n<li>Review <strong>budget vs. actual<\/strong> monthly (MTD &amp; YTD) for better fund tracking and accountability.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%8E%99%EF%B8%8F_Speaker_3_Ms_Aditi_%E2%80%93_Keeping_Books_Audit-Ready_with_ADDA\"><\/span><strong>\ud83c\udf99\ufe0f Speaker 3: Ms. Aditi \u2013 Keeping Books Audit-Ready with ADDA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-1024x536.png\" alt=\"\" class=\"wp-image-20931\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-1024x536.png 1024w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-300x157.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-150x79.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-768x402.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-1170x612.png 1170w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2-585x306.png 585w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-2.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Closing the session with impact, our very own Ms. Aditi, Product Success Specialist at ADDA, delivered a powerful and insightful demonstration. With her extensive experience in product deployment and customer success, Aditi showcased how ADDA\u2019s robust accounting suite is purpose-built to keep housing societies audit-ready 365 days a year.<\/p>\n\n\n\n<p>Here\u2019s how Aditi outlined the standout features of ADDA\u2019s society accounting software that simplify year-end auditing and budgeting for management committees:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights_of_Ms_Aditis_Session\"><\/span>Key Highlights of Ms. Aditi&#8217;s Session: <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/share.hsforms.com\/15NVBjYuVRFyyaUW5y_onfQ8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"734\" height=\"95\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_29_PM.png\" alt=\"\" class=\"wp-image-20951\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_29_PM.png 734w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_29_PM-300x39.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_29_PM-150x19.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_29_PM-585x76.png 585w\" sizes=\"auto, (max-width: 734px) 100vw, 734px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>Here\u2019s how Aditi explained the ADDA features that will make your year-end auditing and budgeting a breeze:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Auto Invoicing: <\/strong>Simplify monthly billing with custom recurring schedules. Automate maintenance and utility charges to avoid manual work and delays.<\/li>\n\n\n\n<li><strong>Automated Follow-ups: <\/strong>Set intelligent reminders for due payments. Get clear overdue reports and eliminate the need for manual follow-ups.<\/li>\n\n\n\n<li><strong>Smart Budgeting: <\/strong>Upload your annual budget and monitor real-time variances. Make informed decisions with live expense tracking.<\/li>\n\n\n\n<li><strong>Procure-to-Pay (P2P): <\/strong>Digitally manage purchase requests and approvals. Prevent duplicate or unauthorized vendor payments with structured workflows.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bank Reconciliation: <\/strong>Quickly match bank transactions with ledger entries. Spot mismatches early and maintain audit-ready books year-round.<\/li>\n\n\n\n<li><strong>FD &amp; Tax Compliance: <\/strong>Easily track FD renewals and generate GST\/TDS reports. Stay compliant with minimal effort.<\/li>\n\n\n\n<li><strong>Audit-Ready Reports: <\/strong>Access accurate financial reports anytime. Ensure full traceability and readiness for audits or AGMs.<\/li>\n\n\n\n<li><strong>Access Control: <\/strong>Assign role-based permissions to ensure data security and accountability across your team.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_5_Takeaways_from_the_Webinar\"><\/span><strong>Top 5 Takeaways from the Webinar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Audit is more than compliance\u2014it\u2019s a credibility marker<\/strong>. Meeting deadlines, maintaining documents, and submitting Form O timely shows how seriously a society takes financial governance.<br><\/li>\n\n\n\n<li><strong>Budgeting isn\u2019t just numbers\u2014it\u2019s strategy<\/strong>. Historical reviews, CAPEX forecasting, and separating accounts are key pillars for a sustainable financial future.<br><\/li>\n\n\n\n<li><strong>Transparency builds trust<\/strong>. Giving residents access to reports, conducting timely AGMs, and grade-based audits foster a healthy financial culture.<br><\/li>\n\n\n\n<li><strong>Avoid financial blind spots with automation<\/strong>. ADDA\u2019s accounting module reduces human error, improves traceability, and saves time.<br><\/li>\n\n\n\n<li><strong>Tech + Expertise = Future-ready societies<\/strong>. The right blend of expert advice and digital tools can transform how societies manage finances.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/share.hsforms.com\/1O_sbTo3HQfyZor2w7qFcGw8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"737\" height=\"124\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-1.png\" alt=\"\" class=\"wp-image-20962\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-1.png 737w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-1-300x50.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-1-150x25.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Harsh-Webinar-Copy-1200-x-628-px-1200-\u00d7-628px-Canva-04-23-2025_02_20_PM-1-585x98.png 585w\" sizes=\"auto, (max-width: 737px) 100vw, 737px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gratitude_Looking_Ahead\"><\/span><strong>Gratitude &amp; Looking Ahead<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We sincerely thank our distinguished speakers\u2014Mr. Sahil Lohiya, Mr. Sunil A., and Ms. Aditi\u2014for sharing their time, expertise, and valuable insights during our recent session. Their contributions sparked engaging discussions and provided practical takeaways for community leaders.<\/p>\n\n\n\n<p>A big thank you to all the participants as well\u2014your active involvement and dedication to building transparent, well-managed communities truly made the session impactful.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/share.hsforms.com\/10tY-ac7US7eVkx6pR06oug8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"595\" height=\"250\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-3-1.png\" alt=\"\" class=\"wp-image-20996\" style=\"aspect-ratio:2.38;width:725px;height:auto\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-3-1.png 595w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-3-1-300x126.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-3-1-150x63.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-3-1-585x246.png 585w\" sizes=\"auto, (max-width: 595px) 100vw, 595px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>Our journey toward better society management continues!<br>Stay tuned for our next webinar\u2014we\u2019re excited to bring you more conversations that matter.<br>You won\u2019t want to miss it!<\/p>\n\n\n\n<p>Let\u2019s keep moving forward\u2014together.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/share.hsforms.com\/1ICc9Ak-gTLqQ6_HK1Tea-w8nhm1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"595\" height=\"250\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-1.png\" alt=\"\" class=\"wp-image-20960\" style=\"aspect-ratio:2.38;width:654px;height:auto\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-1.png 595w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-1-300x126.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-1-150x63.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2025\/04\/Blog-CTA-1-585x246.png 585w\" sizes=\"auto, (max-width: 595px) 100vw, 595px\" \/><\/a><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>At ADDA, empowering community leaders with practical knowledge has always been a core mission\u2014and our recent webinar on \u201cBook Closure &amp; Budgeting\u201d was another step forward in that direction. It&hellip;<\/p>\n","protected":false},"author":52,"featured_media":20919,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[141,2024,2019],"tags":[],"class_list":["post-20916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adda-buzz","category-adda-community-accounting","category-adda-india-housing-society-apartment-management"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/20916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=20916"}],"version-history":[{"count":13,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/20916\/revisions"}],"predecessor-version":[{"id":21751,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/20916\/revisions\/21751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media\/20919"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=20916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=20916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=20916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}