Chit Fund Software plays a significant role in the present days. It reduces the labors work. A chit generally means a transaction. A person can take part in bid auctions if he is far away from head office.Provide secured online access to it members. Members can see next payment information, amount to be paid along with Loan details etc. It comprises of all the essential facilities and features which required to streamline your chitfund activities.
Chitfund software is a flexible and a user friendly web-based software solution that is used in Chit fund institutes that reduce the reports, labours, generation time and increases the quality and accuracy of information.
Chitfund software is a web-based application helps keep a track of the chits and makes report management easy. It is one of the simplest software dealing with chit fund amount transaction of a financial transactions and it is maintaining computerized ledger to store and maintain Chit fund.
Chitfund software takes advantage of The Accrual-basis accounting, which is the best way to present your organization's financial position as it records transactions, as they occur, rather than waiting until the cash itself is exchanged. This means, all you cash and non cash transactions can be recorded.
All accounting entries are automated. Once entered, it would be posted in all corresponding levels of
Produce regular reports daily transactions for up-to-date financial information. Whether it is Trial Balance, Profit and loss report, Balance sheet, Cash flow statement, Account balances, Cheques received/issued, Easy Chit sorts and analyses all your transactions automatically to produce reports so you can see how your business is performing.