What is society audit & compliance software?
Software that keeps a cooperative housing society ready for its statutory audit all year. EstateDeck maintains a time-stamped audit trail under your state Cooperative Societies Act, produces the income-expense statement, balance sheet and receipts-and-payments, holds a fixed asset register, and tracks the audit, rectification and AGM deadlines — with a read-only login for the auditor.
How is this different from society accounting?
Society Accounting is where the books are kept — receipts, payments and the double-entry ledger. This Audit & Compliance solution sits on top of those books and owns the outcome: the auditor's read-only access, the register checklist, the deadline tracker and the rectification follow-up. Want the ledger mechanism? See Accounting & Finance. Want a smooth audit? You're on the right page.
When is a society audit due?
In Maharashtra, Section 81 of the MCS Act 1960 with Rule 69 requires accounts audited within four months of the year close — by 31 July. Other states set dates under their own cooperative acts, and many bye-laws require the audit before the AGM notice. EstateDeck's tracker counts down to your state's date, the three-month Form O window and the AGM.
Who can audit a cooperative society?
The statutory auditor is appointed by the general body from the Registrar's panel, or is a CA holding a cooperative-audit certificate from the ICAI — usually not for more than two consecutive years. EstateDeck doesn't replace the auditor; it gives whoever you appoint a clean, read-only view. This is software support, not an audit service.
What is an audit trail and why does it matter?
A time-stamped record of every entry — who entered it, when, and what changed. Under Section 65B of the Indian Evidence Act, a properly maintained electronic record can be relied on as evidence, which is why a clean trail matters at audit. EstateDeck keeps each entry time-stamped and access-controlled. The trail is tamper-evident, not "tamper-proof" — software can't promise the impossible, but it makes changes visible.
What statutory reports does it produce?
Receipts-and-payments, income-and-expenditure and balance sheet from the books, plus the schedules an auditor expects — arrears, sinking and repair fund movement, and the fixed asset register. It keeps the statutory registers and the document vault so the audit memorandum (Form N-2 or Form 27 for housing societies in Maharashtra) is supported. The auditor signs off; EstateDeck presents the figures.
What is the audit classification (A–D)?
In Maharashtra, under Rule 69(9), the auditor awards an A-to-D grade on the quality of records and compliance — A being best. Clean, traceable books year-round earn a better grade than a year reconstructed at the deadline. EstateDeck keeps the books traceable; the grade itself stays the auditor's judgement.
What is a fixed asset register?
A list of what the society owns — lifts, pumps, generators, CCTV — with cost, date and depreciation, so the balance sheet's asset value can be verified. EstateDeck holds it against each asset with bills in the document vault, alongside the sinking and repair funds, so capital spending and reserves reconcile cleanly at audit.
Can our auditor access the data directly?
Yes. You invite the panel auditor or CA with a read-only login — they see ledgers, statements, registers and the document vault for the audit year without changing anything. That replaces the carton of files and the WhatsApp back-and-forth, shortens the audit, and keeps access logged. Revoke it when the audit is done.
What happens after the audit?
When the auditor raises objections, the committee rectifies them and files a rectification report — Form O under Rule 73 in Maharashtra, within three months, to the Registrar and the AGM. EstateDeck logs each objection, tracks who's fixing it, and counts the window — so the filing doesn't slip and the committee isn't left personally answerable.