This software keeps provident fund, gratuity fund and WPPF accounts by employee. Monthly contributions are imported from payroll, interest and tax deducted at source on FDRs and other investments are calculated, year-end interest or profit is allocated to members, final settlements are worked out when someone leaves, and each employee's annual statement is produced.
Our team has prepared three consecutive years of accounts for a corporate gratuity fund, worked on a company's WPPF and on provident fund interest allocation. The problems were similar every time: interest receivable left out, no FDR lien certificates, and employee balances scattered across several spreadsheets.
We configure the software to each fund's trust deed and rules. A public live demo is still being built; meanwhile you can check the numbers with our free WPPF, gratuity and provident fund calculators.
On this page
Three funds, one system
| Fund | What the software does |
|---|---|
| Provident fund | Employee and employer monthly contributions, loans and repayments, annual interest/profit allocation, entitlement on leaving (including employer-share vesting rules) |
| Gratuity fund | Each employee's accrued liability (years × policy days × last wage), fund assets vs liability, final settlements |
| WPPF | 5% allocation from net profit, 80:10:10 split, beneficiary list, equal cash distribution and investment portion |
Investments and FDR register
- Date, rate, maturity and bank of every FDR, savings certificate or other investment
- Monthly interest accrual, so year-end interest receivable is never missed
- Tax deducted at source (AIT) tracked separately
- Alerts before maturity
- FDRs under lien or held against loans flagged, with the list of certificates
Want us to do this for you?
Tell us your situation on WhatsApp and we will tell you exactly what is needed and how long it takes.
What employees and trustees see
- Annual statement per employee: opening balance, own and employer contributions, interest/profit, loans, closing balance
- Fund income and expenditure and investment summary for the board of trustees
- Member-wise balances, investment schedule and bank reconciliation for the auditor
Set-up
First we reconcile the fund's past years to establish every employee's opening balance. This is the most important step, because a wrong opening balance makes the whole year wrong. Then we set up the monthly contribution import from your payroll format. We can also do the year-end fund accounts and audit support: provident fund, gratuity, WPPF.
Frequently asked questions
Our trust deed has its own rules. Will the software follow them?
Yes. Contribution rates, vesting, loan rules, gratuity days and the wage basis are all settings. We read your trust deed and policy before configuring.
Our payroll runs on separate software. How do they connect?
The simplest way is importing the monthly payroll Excel or CSV. A direct connection is possible if your payroll software has an API.
Can employees see their own balance?
If you want, each employee can have a read-only login or receive their statement on mobile.
Talk to us about your accounting work
The first conversation is free. You get a written price and timeline before any work starts.
Related pages
Provident fund accounting and annual accounts
Member ledgers, contributions, investment income, annual allocation and audit documents.
ServicesGratuity fund accounting and annual accounts
Employee-wise liability, fund vs liability, FDRs, settlements and annual accounts.
ServicesWPPF calculation, distribution and accounts
5% of net profit, the 80:10:10 split, beneficiaries, distribution and accounts.
CalculatorsWPPF calculator
5% of profit, the three-fund split and cash share per worker.
CalculatorsGratuity calculator
End-of-service gratuity under the Labour Act or company policy.
CalculatorsProvident fund calculator
Year-by-year PF balance from contributions, interest and salary growth.
Written by the EOMS Hisab accounts team. Last reviewed: . Bangladesh rules change with each Finance Act, SRO and circular. Check rates and thresholds against the latest official source before relying on them.