Three accounts. One traceable money trail.

Begin with the applicable account structure

For projects covered by MahaRERA Order 56/2024, the designated collection, separate and transaction accounts organise how eligible buyer collections are received and allocated. Bank standing instructions execute the sweep. The exact structure and applicability must be checked against the project’s registration and agreements.

A typical illustration uses a 70% separate-account allocation and 30% transaction-account allocation. It does not mean every receipt component belongs in that pool. Taxes and pass-through items need their appropriate treatment.

Use a clean example

This is a simplified illustration of an applicable 70/30 setting. It excludes GST, TDS and other adjustments. The bank statements are evidence of the actual movement; ledger entries are the office’s accounting record of it.

Reconcile more than the total

• Check that receipt clearance and the recorded sweep use the correct dates.
• Identify entries that are still draft or awaiting a bank reference.
• Keep withdrawal approvals and professional certificates with their records.
• Investigate differences instead of replacing a balance to make it match.

Joint development needs a structure review

Revenue-share arrangements may involve a designated master account before collections reach each promoter’s account structure. The promoter status of a landowner matters. Do not infer the correct banking setup from a generic three-box diagram.

NirmaanOne records development agreements, entity books and project account positions. Its marketing does not claim a banking integration that automatically operates joint-development master-account transfers.

What the software does

When a receipt clears, NirmaanOne posts the sweep accounting entries using the configured dated rules. The bank moves the funds. The collection account holds consideration only; GST is received separately into the GST or operative account.

Transfer rules draft the other movements between the collection, separate, operative and loan accounts. Each one posts when a line in a bank statement file the office uploads matches it. The quarter view compares recorded positions with bank statement balances; it is not an automatic bank feed.