Your Society's Financial Records. Organised, Verified & Audit-Ready.

No. KritIQ Labs LLP is not a firm of chartered accountants and does not conduct or sign statutory audits. In Maharashtra, a cooperative housing society's statutory audit must be carried out by a qualified auditor appointed by the society's general body, as required under the Maharashtra Co-operative Societies Act. What we do is prepare your accounts and documents for that audit and, if you want, coordinate with your appointed auditor or help you find an eligible independent one. The auditor works independently and issues the audit report.

Yes. We work with whatever your society uses today: Excel sheets, Tally or other accounting software, society management software, or handwritten registers. You do not need to change your system to work with us.

Yes. Many societies have one or more years of accounts waiting to be audited. We reconcile and organise each pending year, starting with the oldest, so the opening balances of every year agree with the closing balances of the one before. How long this takes depends on how complete the records are. We will tell you after an initial review.

Yes. We match every bank statement entry against the society's cash book or bank book and list the differences: cheques not yet cleared, bank charges or interest not recorded, direct deposits from members, and entries that need correction. You receive a reconciliation statement for each account and period we cover.

Typically: last year's audited financial statements and audit report; bank statements for every account, including fixed deposits; the cash book, bank book and ledgers (or your Excel or software file); maintenance bills and receipts; payment vouchers with the related bills and invoices; the list of members with outstanding dues; investment and fixed deposit details; and minutes of general body and committee meetings that approved budgets and major expenses. Your auditor may ask for more, and we will share an exact checklist after the first review.

Not yet. We currently accept engagements from residential societies in Maharashtra. We plan to expand state by state, but only after we have eligible auditor partnerships in place and have checked each state's legal requirements. If your society is in another state, you are welcome to tell us your requirement and we will tell you honestly whether we can help.

Yes, this is common. We start from the records that exist, usually the bank statements, which are the most complete source. We rebuild the books from there and give the committee a clear list of gaps and entries that have no supporting documents. We cannot create documents that do not exist, but we can help the committee decide how to deal with the gaps and explain them to the auditor.

Audit preparation means getting the books, reconciliations, financial statements and supporting documents complete and in order before the audit. That is our work. A statutory audit is an independent examination of those accounts by a qualified, authorised auditor, who then issues the audit report. The auditor decides the findings independently. We do not sign the audit, and we cannot influence its outcome.

Every society is different, so we quote per engagement. The fee depends on the number of residential units, how many years need work, the condition of the records and the services you choose. After an initial review, we send a written quote with the exact scope before any work starts. The statutory auditor's fee is separate and is agreed between your society and the auditor.

No. MaintainEase is a separate society management software product from KritIQ Labs LLP, and using it is never a condition. Our audit and accounting services are available to every society, whatever software or method it uses for its accounts. If you later want to move your accounts to software, MaintainEase is one option among many.