Managing the finances of a housing society is one of the most demanding responsibilities a committee takes on. Between billing, collections, vendor payments, audits, and compliance, the treasurer’s role often feels like running a small finance department.
Manual accounting or using generic business software simply can’t keep up with the complexity of housing societies anymore. What RWAs need today is a dedicated housing society accounting software something that automates billing, manages expenses, and gives committees a transparent, real-time view of their finances.
That’s where Mygate ERP has emerged as the clear choice for thousands of societies across India.
Why traditional accounting methods no longer work
For years, housing societies depended on spreadsheets, manual ledgers, and WhatsApp groups to track payments and expenses. It worked when there were a handful of residents. But with multi-tower communities, online payments, and annual audits, these old methods lead to constant delays and confusion.
Without automation:
- Collections are delayed because reminders depend on people.
- Audits take longer since approvals and invoices are scattered.
- Residents lose trust due to missing or outdated financial records.
A good accounting software fixes all of this by creating structure and consistency.
What makes Mygate the best choice for housing societies
Designed specifically for RWAs
Mygate’s accounting engine isn’t adapted from business tools. It’s built from the ground up for housing societies handling maintenance billing, collections, vendor tracking, corpus funds, and reconciliation seamlessly.
Automated billing and real-time collections
Invoices are generated automatically every month, residents receive payment reminders, and collections update instantly. The treasurer always has a live view of who’s paid and what’s pending.
Expense and vendor management
Vendor bills and service expenses can be uploaded, approved, and paid digitally. Every transaction is recorded with an audit trail so that committees can track exactly where funds are going.
Transparent reporting and audit readiness
Mygate provides instant access to income-expenditure statements, balance sheets, and ledgers. Every entry is traceable, making audits simpler and faster.
Features of Mygate’s housing society accounting software
- Automated billing and invoicing
- Online and offline payment reconciliation
- Corpus and sinking fund tracking
- Expense approval workflows
- Vendor management and quotation comparison
- Resident payment reminders and digital receipts
- Real-time dashboards and audit-ready reports
Why committees across India are adopting it
Over 27,000 societies across the country now use Mygate ERP for their accounting and operations. Committees that switched from manual systems report faster collections, fewer disputes, and easier audits.
Residents appreciate the clarity they can view invoices, pay online, and download receipts anytime. Treasurers appreciate the control every number is updated, verified, and ready for reporting.