Chit Fund Calculator, Chit Fund Act, Chit Fund Solutions

Websoftex Chit fund Software Feature Highlight

All features are incorporated as per Chit Fund Act 1982.

Easy procedure for chit registration and administration.

Designing any type of chits like weekly, monthly etc.

Keeps details of chit registration and commencement date of chits.

Calculation and payment of TDS and service tax.

Provision to enter/alter the opening balance of each schedule after auditing works.

Provision for advance receipt of future installments and its automatic accounting.

Online SMS on receipt of installment, daily collection and auction entry.

Multiple entries of installment receipts and printing.

Automatic calculation of auction discount.

Separate installment amount calculation for prized & non-prized subscribers

Separate installment amount calculation for normal & delayed payments

Automatic late-fee payment calculation (Penalty).

Suspense account maintenance and its adjustment in to installment.

Collection of documents and entry on document release.

Provision for daily Collection and Subscriber wise (Pigmy).

Subscriber grouping and transfer installment amount among group wise.

Multiple daily collection transfer to installment receipt to ease the data entry works.

Provision for daily collection payment in case of excess amount.

SMS facility on confirmation of daily collection receipts.

Easy entry of auction /prize and automatic calculation of next installment.

Subscriber history during auction/prize entry.

Various charges against ticket like documentation charges, admission fees, penalty & Verification Charges etc.

Provision for chit payment (partial or full) before the due date to the prized/auctioned subscriber.

Automatic accounting of chit payment on auction/prize entry.

Guarantors and documents details for chit payment.

Provision for Cheque Reconciliation.

Provision for keeping chit payment arrears.

Provision for day closing.

Day's business summary and automatic SMS and Email to operation head of the company.

Summary of cash and bank balances.

Provision for day open.

Listing of cancelled daily collection receipts.

Easy cash, Cheque and transfer payment collection.

Reports include Daily collection, Subscriber Ledger, Defaulters list, liability statement, document list and commission list etc.

Software can be used for multiple branches. It will give common interface for all branches. All centralize reports for all branches.

Members can get their outstanding, last date for subscription payment, ledger report and auction details through online access.

Mobile application for both subscriber (Member) and chit collector.