Every society eventually needs a formal Balance Sheet and Income & Expenditure Account — for the AGM, for a bank, for the auditor. The usual process is someone, often the treasurer, manually rebuilding it from a year of expense and income entries, once a year, under time pressure.
Generated from the same records, not a parallel set of books
Nivas Portal’s Financial Statements generate a Balance Sheet and an Income & Expenditure Account for any Indian financial year, built directly from the billing, expense, and income entries already recorded through the year — not a separate set of books someone maintains in parallel that can quietly drift from what actually happened. One click produces a PDF ready to bring to the AGM or hand to the auditor.
- Built from the same ledger already used for day-to-day billing and expense tracking — nothing to separately reconcile against it.
- Available for any financial year on demand, not something assembled once a year under deadline pressure.
- A real starting draft for the society’s CA to review — see the note below on what that does and doesn’t mean.
Worth being direct about: this is explicitly a CA-review starting draft, not a certified financial statement — it doesn’t replace the society’s own CA signing off on the final version, and isn’t presented as if it does.
Stop rebuilding your balance sheet by hand every year — start a free trial at nivasportal.com. Related read: what your bank statement actually says.