Audit-ready reports for Indian cooperative housing societies.
Every statutory report your CA and auditor need — generated automatically in bye-law format. No manual compilation. No formatting. Just click export and hand over the file.
Receipts & Payments account
Cash-basis summary of all inflows and outflows, as required by Maharashtra bye-laws. Generated for any date range in one click.
Income & Expenditure account
Accrual-basis I&E account showing surplus or deficit — in the exact format required by Maharashtra Model Bye-Laws 2019 for statutory audit.
Liability & Assets balance sheet
Full balance sheet in co-operative format: liabilities (share capital, accumulated fund, outstanding) vs assets (bank, investments, receivables, fixed assets).
Defaulter register
Automatically maintained list of all members with overdue dues — with due date, principal amount, and interest accrued. Ready for AGM presentation.
GST summary
GST applicability tracked automatically against ₹7,500/member and ₹20L turnover thresholds. GST summary report generated for GSTR-1 filing.
One-click audit export
Export the complete audit package as PDF and Excel: I&E, Receipts & Payments, Balance Sheet, all registers, daybook. Hand to your auditor directly.
I dreaded audit season for 8 years. It meant two weeks of extracting data from three different Excel files and reformatting everything. SocietyBee generates the audit package in minutes.
Frequently asked questions
What is the difference between Receipts & Payments and Income & Expenditure?
Receipts & Payments is a cash-basis summary of all money received and paid out during the year. Income & Expenditure is an accrual-basis account showing surplus or deficit, including outstanding items. Both are mandatory for Maharashtra co-operative housing society audits.
How does SocietyBee handle GST for housing societies?
SocietyBee tracks the ₹7,500 per member per month threshold and ₹20L annual turnover threshold automatically. When applicable, GST at 18% is added to maintenance bills and the GST summary is generated for GSTR-1 filing.
What statutory registers does SocietyBee maintain?
SocietyBee maintains: Bill register, Receipt register, Member ledger, Defaulter register, Sinking fund register, and Repair fund register — all as required by Maharashtra Co-operative Societies Rules.
How do I prepare for the annual statutory audit?
Run the 'Audit Export' from SocietyBee. This generates a ZIP file containing: Income & Expenditure account, Receipts & Payments account, Balance Sheet (Liability & Assets), all statutory registers, member ledger, and daybook — in PDF and Excel formats. Hand this to your auditor.
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