The majority of committee time in society accounting is spent on reconciliation, tracking delinquent dues, verifying online payments, answering resident questions, and generating ad-hoc reports, rather than on actual bookkeeping.

Workarounds Described

• Following up manually on pending dues
• Checking whether online payments have been properly recorded against bank entries
• Matching bank entries manually
• Answering residents' questions about old or disputed payments verbally or via email
• Pulling together reports manually when someone asks for financial details

Implied Software Gaps

• Automated follow-up on pending dues with reminders
• Auto-reconciliation of online payments with bank entries
• Centralized payment history and dispute management for residents to self-serve
• On-demand financial reporting with customizable templates

SocietyLedger

A cloud-based accounting platform designed specifically for housing societies. It automates reconciliation between bank statements and online payments, sends automated dues reminders, and provides a resident portal for payment history and dispute resolution, reducing committee time on financial follow-ups by 80%.