BOSA deposits, FOSA savings and share capital, kept apart
Deposits, withdrawals and withdrawal approvals post straight to the general ledger. Each savings product has its own ledger account, and BOSA deposits stay apart from FOSA savings, the way SASRA expects to see them.
× The problem
Dividends worked out in a spreadsheet the night before the AGM.
✓ With SaccoPlus
BOSA, FOSA and shares, with dividends and interest per member.
Share capital
Share rules are enforced by the system, not remembered by staff.
- Minimum holding per member
- Top-ups and transfers between members
- A share register that always agrees with the ledger
Dividends and interest per member
Year-end payouts are calculated member by member, with tax, and paid where each member chooses.
- Dividends on year-end share capital
- Interest on month-end deposit balances
- Withholding tax deducted and posted
- Paid to savings, M-PESA or bank
Works with
Loans
Apply, appraise, guarantee, approve, disburse and collect.
Learn more about Loans /tellerTeller and cash
Till limits, denominations and end-of-day balancing.
Learn more about Teller and cash /reports-and-analyticsReports and analytics
A live dashboard and the reports your board asks for.
Learn more about Reports and analyticsSee your own SACCO in SaccoPlus.
A free demo for your manager, your accountant and your board. Bring your products, your branches and your hardest month-end question.