- All features are incorporated as per Kerala Chit Fund Rules 2012
- Easy procedure for chit registration and administration
- In build statutory forms and details for previous sanction, chitty registration etc.
- Designing any type of chits like weekly, monthly quarterly, pooval etc
- Keeps details of previous sanction, chit registration and commencement date of chits
- Manage chit security deposits
- Calculation and payment of TDS and service tax
- Canvassing commission and target incentive to agent
- Provision to enter/alter the opening balance of each schedule after auditing works
- Provision for advance receipt of future installments and its automatic accounting
- Provision for edit auction discount, and late fee with password protection
- Online SMS on receipt of installment, daily collection and auction entry
- Provision for transfer excess cash to daily collection suspense
- 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 calculation
- Provision to set grace period for receipt of installments
- Provision to enter holiday to waive late fee from subscribers on holidays
- Suspense account maintenance and its adjustment in to installment
- Collection of documents and entry on document release
- Provision for daily collection (Subscriber wise & Ticket wise)
- Dali collection through Palmtop system
- Subscriber grouping and transfer installment amount among group
- 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
- Charge various charges against ticket like documentation charges, writing fee, postage etc
- Provision for chit payment (partial or full) before the due date to the prized/auctioned subscriber
- Calculation of interest for the remaining period
- Provision to transfer chit amount to separate bank account on due date
- Installment adjustment from the deposit amount of chit amount
- Automatic accounting of chit advance on auction/prize entry
- Guarantors and documents details for chit payment
- Provision for Cheque printing
- Provision for keeping chit payment arrears
- Provision for club security documents given in lieu of other chits
- Assessment of guarantors existing liability
- Provision for lean FDR as chit security and adjust interest to installment
- Monthly fund requirements statement of chit payment
- Provision for day closing
- Provision for cash tallying and denomination entry
- 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
- Day open SMS to the concerned operation head of company
- Daily collection through palmtop computer
- On the spot printing and issuing of daily collection receipt
- Easy and trouble free data transfer from palmtop to software
- Listing of cancelled daily collection receipts
- Easy cash and cheque tallying of daily collection
- Provision for pass book loan to the non prized subscriber
- Automatic calculation of loan interest
- Multiple loans against various tickets
- Provision to write off nominal outstanding amounts and its automatic accounting
- Reports includes periodical receipt register, daily collection register, personal Ledger, daily collection personal ledger, defaulters list, liability statement, document register, commission register, address list, chit schedules, R & D statement ect.