Member Management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Family Code
With Chit.Biz, you can easily generate unique codes to group your family together.
These codes offer convenient payment as family members can even contribute on behalf of each other within the group, making things more flexible.
Stay Informed, Stay Secure:
Keep your members informed with automated messages about important updates, auctions, and payments.
You can use verification processes to confirm member details.
For extra security, Chit.Biz uses PAN card and GST verification to keep your chit fund secure.
Complete Member Management:
Easily collect essential member information, including multiple addresses, contact details, and supporting documents like proof of ID or residence.
This ensures everything is transparent and clear.
Nominee & Introducer Management Made Easy:
Members can easily designate their nominees by adding their full details directly in the system.
Track introductions: We keep track of who introduces new members, helping to build a strong and trusted network.
Smart Risk Assessment:
Encourage timely contributions with a points-based system, rewarding members for their financial responsibility.
Our system can flag potential risks based on payment patterns and other factors, so you can take action if needed.
Group Management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Create Your Chit Groups:
Easily define the total chit amount and how long it will run for.Include all the members who will participate in the chit group.
Once you enter the amount and duration, Chit.Biz automatically calculates the monthly contribution amount for each member, saving you time and effort.
Flexible Chit Options
We offer a variety of chit frequencies to suit your needs, including weekly, monthly, bi-monthly, and tri-monthly options.
Conduct auctions the way you want! Chit.Biz allows complete customization to fit your specific business requirements.
Schedule Your Auctions:
Easily schedule your auctions in advance by specifying the date and time you want them to take place.
This makes sure your auctions are conducted in a timely and organized manner.
Manage Your Members:
Conveniently add all your chit group members directly within the system, including their basic information.
You won't need to switch screens to view member details.
Streamlined Document Management:
Say goodbye to waiting for physical documents! Chit.Biz allows members to upload and e-sign documents electronically, saving time and ensuring secure verification.
Chit auction Management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Chit Esitmate management
You can automatically estimate chit amounts based on a starting percentage.
It also lets you update taxes and dates, making chit auctions and record-keeping easier.
Multiple member add
Chit.Biz simplifies managing chit fund auctions with multiple members.
You can easily add them during auction entry.
It automatically selects the winning members based on their offered discount range, making the process faster and more efficient.
Holiday
Local and government holidays can be updated
Auction dates will be automatically updated to the next day based on the holidays updated
Chit transaction Management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Chit Transaction
Running Receipt
Members can pay daily or monthly, and you can easily generate receipts for each transaction
This ensures clear and transparent record-keeping, a valuable feature for everyone involved in the chit fund.
Chit Receipt
Chit.Biz simplifies generating receipts for your entire chit fund group.
You can choose to print individual receipts for each member after their payment, or generate them all in bulk at once, saving you valuable time and effort.
Chit Payment
You can easily assign payments to the auction winner, minimizing the risk of paying the wrong person as only winners are displayed during the payment process.
Additionally, you can track individual payment history for each member through a ledger system.
Settlement
This screen allows you to settle the amount collected by collection agents from members
Every entry made in Collection app will be reflected in this screen.
This allows you to check the amount collected and settle which will reflect in the payment screen.
Latefee
Chit.Biz lets you set late fees that allows you to penalise anyone who pays late, or just those who win the auction (prized members).
You can even set different percentage of late fees for prized and unpriced members.
Chit Advance
We offer an advance feature for members who haven't won the auction (unprized members).
They can request an early payout, ensuring they have access to funds when needed.
When they win an auction the remaining advance amount will be reduced before payment is made to them. This option isn't available for auction winners (prized members).
Accounts management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Accounts Management
Manage your chit fund's finances easily using Purchase bill, sales bill and general transaction.
You can record all general transactions, including cash payments and more complex journal entries.
This allows you to maintain accurate financial accounts and track the overall health of your chit fund.
Running and Ledger open balance
You can easily add opening balances for customer running accounts and the chit fund ledgers.
This ensures everyone starts on the same page, and you can maintain accurate account records throughout the entire chit cycle.
Cheque Register
Bank Detail
Collection Detail
Cheque Return Detail
Member Cheque Return
Year end closing
Chit.Biz allows you to easily access income, expenses, and profit and loss for the current financial year.
You can review financial records from any past year and close the accounts once everything is reconciled. This ensures clear and transparent financial management for your chit fund.
Staff management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Staff management
You can easily add new staff members and keep track of their personal details, ensuring you have all the necessary information readily available.
CRM
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Lead
You can add new leads and their basic details, making it easier for collection agents to follow up and convert them into contributing members.
Guarantor
Basic Details of Guarantor can be added in the software
There is a section to add details of guarantor as attachment
Jamin Letter
You can add new applicants and include their guarantor details all in one place. Chit.Biz also tracks which member added each applicant, providing a clear record for managing your chit fund group.
Prospects
There is an option to change Leads into prospects All details stored in leads will automatically converted to prospects. You can check the status of the prospects
Reports Management
Chit.Biz streamlines your chit fund operations. Manage chit groups, add members with ease, and track contributions - all in one secure, centralized platform.
Cash reports
Running / Late Fee
Running / Late Fee - Groupwise
Running / Late Fee - Agentwise
OverAll Transactions
All Journals
Ledger reports
2.1 General Ledger
General Ledger-Detail
General Ledger-Normal
GL DayBook
Daily Debit Credit
Day Book
2.2 Sub Ledger
Sub Ledger
Sub Ledger Selectable
Member wise reports
Memberwise Balance
Memberwise Transaction
Running Credit Debit Balance
GST reports
Create and manage chit fund groups: Easily set up new groups with specific details like chit amount, tenure, and subscription cycle.
Arrear reports
Arrears - Areawise
Arrears - Groupwise
Arrears -All Groups
Arrears - Detailed
Arrears - Final
Arrear - With Filters
Arrears - Members
Arrears - Auction Datewise
Arrears - Memberwise Running
Chit reports
Chit DayBook
Chit Ledger Form XIV
Payment Register
Payable Chit Amount
Annexure
Subscribers Report
Balance Sheet
Late Fee Interest Calculation
Cost Interest Calculation
Estimate Interest Calculation
Chit Advance Report
Kospara All Groups
Kospara Groupwise
Kospara Memberwise
Not only this one,
but we have done a lot !
