Cooperative societies play a vital role in fostering financial stability and empowering their members. \r\nTo enhance the efficiency and revenue generation capabilities of cooperative societies, technological advancements are being harnessed. \r\nOne such groundbreaking feature is the CoopGenius Report, which is designed to detect outstanding dues and the number of months in arrears for cooperative members. \r\nThis article explores the benefits of this new feature to both cooperative societies and their members, highlighting how it can significantly boost revenue.

Introduction: Dividend payments are an essential aspect of cooperative societies, as they represent the distribution of profits to members. However, challenges can arise during the payment process, such as incorrect account numbers, leading to returned payments. This article explores a case study involving a cooperative society bank and provides insights into the accounting treatment, communication, and risk management strategies to address such situations.