Cooperative housing societies have unique financial needs — from monthly maintenance billing and vendor payouts to member contributions, fund accounting, cashflow tracking, and audit reporting. As communities grow and financial transactions multiply, managing books manually (or on basic spreadsheets) becomes impractical and risky.

In 2025, the right accounting software can ensure clarity, compliance, and automation for societies of all sizes. This blog explores the top 5 accounting software options that housing committees can consider — including options with strong automation, transparency, and resident-friendly features.

1. hisabkitab — AI Powered Accounting for Modern Societies

Overview:
hisabkitab offers robust cloud accounting with automation, expense tracking, reconciliation, fund allocation, and compliance reporting — built for every cooperative housing society.

Why It Stands Out:

• AI-based expense and bill entry
  
  
  

• Real-time maintenance billing and payment tracking
  
  
  

• Fund accounting (sinking, repair, corpus)
  
  
  

• Vendor management & outstanding tracking
  
  
  

• Resident ledger & ageing reports
  
  
  

• Cloud access across devices
  
  
  

• Audit-ready financials
  
  
  

Best For:
Societies seeking automation, accuracy, and growth-ready accounting workflows.

2. ADDA — Billing + Basic Accounting for Societies

Overview:
ADDA combines society management with essential accounting modules including billing, expense entries, vendor payments, and member dues.

Features:

• Maintenance and charge generation
  
  
  

• Vendor bill tracking
  
  
  

• Bank reconciliation
  
  
  

• Member payment collection
  
  
  

• Basic financial reporting
  
  
  

Best For:
Small to mid-sized societies that want an integrated management + accounting platform.

3. Mygate ERP — All-In-One Society Management with Accounting

Overview:
Mygate is known for wide adoption among large societies. Its ERP includes accounting, expense management, fund tracking, and audit-oriented reports.

Features:

• Maintenance billing & reconciliation
  
  
  

• Fund segregation (sinking, repair, corpus)
  
  
  

• Expense tracking
  
  
  

• Vendor payments
  
  
  

• Audit & member statements
  
  
  

• Resident communication tools
  
  
  

Best For:
Large accommodations and societies with complex workflows and multi-block needs.

4. iSocietyManager — Automated Accounting For Communities

Overview:
iSocietyManager focuses on automation — especially billing, payments, and statements. It simplifies common accounting tasks for society treasurers.

Features:

• Automated maintenance invoicing
  
  
  

• Fee collections & SMS/email reminders
  
  
  

• Vendor bill entries
  
  
  

• Standard reports (income, expense, ledgers)
  
  
  

Best For:
Societies aiming for easy account maintenance and simple workflows.

5. Vyapar — General Business Accounting with Society Use Cases

Overview:
Vyapar is a business accounting tool that also serves housing societies thanks to flexible billing, expense tracking, GST reporting, and customer ledger functions.

Features:

• Customizable invoices
  
  
  

• Expense & receipt tracking
  
  
  

• GST reports
  
  
  

• Multi-user access
  
  
  

• Backup & cloud sync
  
  
  

Best For:
Smaller communities or treasurers familiar with business accounting software.

Comparison: Top 5 Accounting Software for Housing Society

How to Choose the Right Software for Your Society

When selecting accounting software, consider:

• Size of society: Larger societies need stronger fund accounting and reporting.
  
  
  

• Automation needs: AI and auto posting save huge time.
  
  
  

• Compliance: GST readiness and audit reports matter.
  
  
  

• Cloud access: Important for multi-device and remote committee work.
  
  
  

• Vendor & member tracking: Outstanding and ageing reports keep finances organized.
  
  
  

Conclusion

Effective accounting is the backbone of a thriving cooperative housing society. The right software eliminates manual work, prevents errors, reduces defaults, and provides financial clarity for committees and residents alike.

From automation and AI capabilities to GST compliance and fund tracking, modern accounting tools empower societies to manage finances transparently and efficiently.

Take the Next Step

Ready to bring your society’s accounting into the modern era?
Explore demos, compare features, and choose the platform that best fits your society’s size, workflow, and financial needs.