Accounts and Audit Management

We manage the Financial Statements of societies by deploying adequate accounting procedures. As government recognized auditors, we help prepare Financial Statements and carry out necessary Statutory Audits.We give end-to-end book keeping accounts and auditing services for Co-op Housing Societies, Apartment Associations and Residential Townships. Our clients include Co-op Housing Societies, Apartment Associations, and Residential Townships. Right from data entry to the generation of financial reports, our dedicated team of accountants and legal advisors help you streamline your process. We provide bookkeeping and review administrations to more than 350 Co-Operative Housing Societies and Apartments in the Nasik region. This includes verification of account balances, passing adjustment journal entries, preparing trail balance, preparing Profit & Loss Account and balance-sheet for the same period, etc. This helps to give a clear picture of the financial performance of the society/apartment during the year and to give the financial position of the organization at the end of the year.In view of our wide experience we have recognized specific administrations for every general public under the Accounting and review administrations. These administrations help you keep up documentation for statutory reviews.

• Co-operative Accounting
• Managing Income and Expenditure Accounts
• Formation and Maintenance of the Receipts and Payments Account
• Annual Balance Sheet
• Cash and Bank Book Reports
• Quarterly, half-yearly and Yearly Demand Bills generation

Statutory Documentation

Preparing and updating Share Certificates, Committee & General meetings Proceedings, I and J forms, Share registers, ledgers & transfer register, Nomination & Investment registers.

Redevelopment Consultancy Services

Redevelopment is the new and energizing way in the constantly developing and dense city development. It creates a win-win circumstance for both the developers and property or society owners. While property / society owners pick up the advantages of significant growth, the developers on the other hand enjoy the benefit of developing in the prime localities for their esteemed projects.

The Redevelopment Project surely brings in innumerable benefits, and they also revamp the area while benefitting the existing and new owners. However at the same time every unit owner has a lot of questions and legal formalities to be followed. With lack of knowledge and proper guidance many societies get trapped in flawed and undervalued proposal and lose their valuable properties.

To handle these worries, government has made obligatory to name a Project Management Consultant for tasks under redevelopment. Ostwal Housewell acts a Project Management Consultant for Redevelopment projects and help society and property owners guide through the complete process. We help individuals comprehend the how, what and when of Redevelopment process. Our administrations settle every one of the legal formalities and worries which one may face and guide the members and property owners or developers through the legal process hassle free. With a team of industry specialists and legal counsellors, Ostwal Housewell has effectively finished various Redevelopment processes of different nature in the Nasik region.

Dispute resolution

Dispute resolution generally refers to one of several different processes used to resolve disputes between parties, including negotiation, mediation, arbitration, collaborative law, and litigation. Dispute resolution is the process of resolving a dispute or a conflict by meeting at least some of each side’s needs and addressing their interests. We use our skills and experience to skillfully handle any kind of dispute that may arise between the society members or builder by using resolution strategies which include fostering a rapport, considering interests and values separately, appealing to overarching values, and indirect confrontation in the favor of our client.

Solutions are just a phone call away when experts are running your society. We run societies on behalf of the committee. Running a society requires full-time commitment and expertise in different areas like legal, housekeeping, accounting and overall planning & management of societies. You can outsource entire society management to us. Submit a Service Request for quotation.

We work very hard to make everything easier for you. In addition to our services, we also help setup local groups for elderly citizens, conduct events for kids and celebrate festivals. This brings togetherness at society and also helps improve security, thus helping in achieving better quality of life. A stronger neighborhood not only improves property value, it improves each neighbor’s life.

Security is top priority for us. Having manned gates along with security cameras helps, but is not adequate. Security involves everyone working and living at your housing or commercial complex. We take careful measures while hiring employees and verifying new tenant at the society. It’s all about implementing the right precautionary measures. You can achieve greater secured environment by implementing simple steps.

One word can change the impact legally. It's very important to have all documents worded correctly including the monthly committee meeting minutes. Better be safeguarded legally. Get your society online for free. Take advantage of technology in society management, socialize, accounting and bill collection. Meet people you live with, manage events, buy-rent-sell-donate, form local groups and many other exciting features. Housing society accounting module is free for housing societies.

Management

• Manage Users
• Invite Members
• Manage Units
• Society Rules
• Society Documents
• Vendors
• Email Broadcast
• Society Enquiries
• Edit Society Website
• Society Permissions

Collaboration

• Groups
• Open Discussions
• Polling
• Classifieds
• Photos
• Event Calendar
• Notice Board
• Complaint Box
• Useful Contacts
• Member Directory

Accounting

• Bank Accounts
• Vendor Accounts
• Member Income
• Non-Regular Income
• Penalty Charges
• Create Invoices
• Bills & Receipts
• Edit Transactions
• Balance Sheet
• Reports