Cooperative Society · FAQ
Cooperative Society software, answered.
Does it manage share capital and certificates?
Yes — issue, transfer and redeem shares with a live share register, certificate tracking and dividend computation on declared rates.
Can members run savings, RD and FD accounts?
Members can hold savings, recurring and fixed deposits with automatic interest accrual, maturity handling and live passbooks.
How are member loans handled?
Loans are sanctioned against shares or deposits with EMI schedules, interest posting and overdue tracking per member.
Is dividend and interest calculated automatically?
Dividend on shares and interest on deposits compute automatically at declared rates, with payout registers ready in minutes.
Are the accounts audit and AGM ready?
Double-entry accounting produces trial balance, P&L, balance sheet and member-wise schedules on demand for auditors and the registrar.
Can members check balances themselves?
A member portal plus SMS/WhatsApp alerts show shares, deposits, loan dues and statements anytime, reducing counter visits.
Still have questions about your cooperative society?