Billing software for Microfinance & Chit Fund
Register as Microfinance & Chit Fund and 6 modules switch on by themselves, starting with Loans, pledges & collections, Customer ledger and Quotations & estimates. Also called chit fund and finance company.
Ready for your business on day one
Register, choose Microfinance & Chit Fund and how you sell (professional and service provider), and these modules switch on by themselves. You can switch any of them on or off later from Modules on your dashboard.
Made for this business
- Loans, pledges & collections
Instalment loans with a schedule, gold loans against pledged articles, collections, overdue list, members' savings
- Customer ledger
Udhaar and payments for each customer
- Quotations & estimates
Send an estimate and convert it into an invoice
- Receivables & reminders
Outstanding invoices with payment reminders
What kind of business do you run?
chit fund
Microfinance & Chit FundProfessional and Service Provider
- Loans, pledges & collections
- Customer ledger
- Quotations & estimates
- Receivables & reminders
- Billing & invoices
- Expenses
Suggested nextRecurring billingMilestone billing
All 6 modules a Microfinance & Chit Fund starts with
Besides the ones made for this business, these switch on too, so bills, stock and accounts work together from the first day.
- Billing & invoices
Create GST and non-GST invoices, share them and take payment
- Expenses
Rent, salaries, freight and other running costs
Suggested next
Switch these on from Modules when you need them.
- Recurring billing
- Milestone billing
- Retainers
Waits for your GST details
These come in once your business profile has your GST registration.
- GST setup
- GSTR-1 report
- GSTR-3B report
Bills that are ready to share
A tax invoice with the right GST in a few taps: CGST and SGST within your state, IGST for a customer in another state, worked out from the place of supply.
- GST bills, and bills without GST when you need them
- A link your customer can open, print or save as a PDF
- Payments, dues and reminders for every customer
Also known as
People call this business by many names. Type any of them when you register and you reach the same ready setup.
- chit fund
- finance company
- microfinance
- nbfc
Questions about billing for Microfinance & Chit Fund
Does ERPSoft work for a Microfinance & Chit Fund business?
Yes. Microfinance & Chit Fund is one of the business types with a ready setup. When you register as Microfinance & Chit Fund, 6 modules switch on by themselves, including Loans, pledges & collections, Customer ledger and Quotations & estimates.
Can I switch modules on or off later?
Yes. Open Modules on your dashboard to switch any module on or off at any time. For a Microfinance & Chit Fund business, Recurring billing, Milestone billing and Retainers are suggested next.
Can I make bills with and without GST?
Yes. A business under regular GST chooses, bill by bill, whether it carries GST. Under the composition scheme every bill is a bill of supply, and without a GST registration your bills carry no tax. GST setup, GSTR-1 report and GSTR-3B report wait until you add your GST details.
Does it work on a mobile phone?
Yes. It runs in the browser on a phone, tablet or computer, with the same account on all of them. There is nothing to install.
What does it cost?
Registering is free, and every plan starts with a 7-day free trial. The plans and their prices are on the Pricing page.