Vayak

Vayak Co-op Society Software is a comprehensive management solution designed specifically for co-operative societies, including credit co-operative societies, employee credit societies, housing societies, microfinance companies, and N.B.F.C./Nidhi companies. This software caters to co-operative societies of all sizes and offers advanced features and functionalities.

Key Features

Member & Share Management: Efficiently manage member and share details with features such as member/share register, individual and general ledger for shares, extra share purchase and return, and member resignation.

Loan & Advance: Handle multiple types of loans with features for interest calculation, audit/due reports, daily installment receiving, penalty interest, loan ledger, and guarantor checking.

Fixed Deposit: Effectively manage fixed deposit accounts with features for simple fixed deposits, interest calculation, entry fees, renewal and closure of fixed deposits, computerized fixed deposit certificates, and pension scheme.

Saving: Handle deposit and withdrawal transactions in saving accounts with features for daily/monthly deposits, bulk transactions, saving ledger, and various reports related to savings.

Daily Deposit: Provide an agent collection system for daily deposit schemes with features for deposit and withdrawal transactions, interest calculation, individual and general ledgers, and agent commission reports.

Recurring Deposit: Efficiently manage recurring deposit accounts and transactions with features for interest calculation, individual and general ledgers, and agent commission reports.

Dividend Declaration: Calculate yearly dividends for co-operative societies with features for dividend transfer to saving accounts, computerized vouchers generation, dividend register maintenance, and multiple reports.

Compulsory Saving: Handle deposit and withdrawal transactions in compulsory saving accounts with features for interest calculation, provisions, account opening and closing, and various reports.

General Accounting: Provide comprehensive financial accounting features including day book/general ledger, profit and loss accounts, balance sheets, journal entries, trial balance, and cash-bank book.

Recovery Sheet: Generate automatic monthly recovery sheets for employee co-operative societies with features for temporary interest calculation, bulk posting in personal accounts, individual receipt printing, and various reports and Excel export options.