CreSOC is the one of the most trusted products in its category.Theapplication fulfills all of the requirements of Credit Society. This is a banking application – not merely an accounting application. The application is very User Friendly and is having a lot of security measures that almost nullifies the possibility of any fraud.

Features

• Account head / group creation.
• Members creation
• Fixed deposit, Recurring deposit account creation
• Loan Entry
• Offices / Division creation
• Cash transaction
• Transfer transaction
• Regular member deduction entry
• Authorization of cash / transfer / regular member transaction
• Interest calculation
• Lien creation in case of Loan account
• There are lot of Reports / MIS being generated from the application :
  • Account Head wise member ledger / statement – selection of period and for a range of specified members.
  • FD printing; Share Certificate printing
  • Cash scroll
  • Transfer scroll
  • Day book.
  • Supplementary of Day Book
  • Trial Balance
  • General ledger
  • Abstract of GL (i.e. Balance Sheet)
  • Profit and Loss statement
  • Member transaction details
  • Member deduction details
  • Head wise House Keeping
  • Provisional interest calculation / interest statement
  • Over due register
  • Member register
  • FD/RD due date diary
  • Guarantor register
  • Disbursement register

Security Features

• Transaction once entered, cannot be deleted or modified – it can either be authorized or rejected
• User cannot change date of transaction.
• Once user completes the entry of a day and executes day-end process, user cannot make any entry for the same day or any of the previous day.
• Once Day-End procedure is executed it generates key – which is always different, the application cannot be opened without that specific key.
• Different users can have different privileges and depending upon privileges given, user can work in the specific module.