GOSACCO SOFTWARE SYSTEM FEATURES

…software for cooperatives and investment clubs!

GOSACCO SOFTWARE SYSTEM FEATURES The role of a GoSacco management software is to integrate all basic functions of the Sacco into an online, accessible, and automated process, so that with a click of a button, reports, status of accounts, membership dues, liquidity, and other performance measures can be seen. Members Registration  Members  Capture members Detail (No, names, member registration date, group, Monthly income, occupation, bank, ac no, next of kin details).  Capture Member Photos  Capture Member Signature  Assign Members to Groups  Assign Members Accounts to Loan Products  Assign Members Accounts to Savings Products Members Groups  Members Groups  Capture members’ Groups Detail (No, names, location, address). Loans Products Module       

Loans type Capture loans type Interest Calculations Security Requirements Repayments Details Minimum and Maximum Amounts General Ledger Accounts

Loans Applications Module     

Loan applications Capture loan No member No Member names Application date

GoSacco Tirupati Mazima Mall. Nsambya, Ggaba-Road, Plot 2530, P. O. Box 21662. Third Floor, Room 261/2 Tel: +256 41 4696004. Mob: 0776 100059/0701 100059/ 0772 667 906/0752 667 906 W: www.commonsenseapp.net E: [email protected]

…software for cooperatives and investment clubs!        

Approval date Loan type Pay Period Amount Loan status Loan Security Details Capture Guarantors(member no, amount guaranteed , share security) Capture security instruments like title deeds, log books and share certificates

Savings Products Module       

Descriptions Savings Types Savings Interest Rates Interest income rate Member type General Ledger Accounts Loans & Shares Offsetting

Shares Products    

Share Type Share Classes Capture share No Shares Transfer

End of Day Procedures     

End of Day & Beginning of Day Closing & Opening of Cashier Tills Incrementing the accounting date Generating loan interest journals Journalizing transactions

Accounting  General Ledger Flexible chart of accounts  Create type of accounts(income, general ledger, expenses, revenue, asset, petty cash, capital asset)  Journal entries  Budgets  Cash Book Transactions  Petty cash entries ,  Deposit slips  Bank reconciliation,

GoSacco Tirupati Mazima Mall. Nsambya, Ggaba-Road, Plot 2530, P. O. Box 21662. Third Floor, Room 261/2 Tel: +256 41 4696004. Mob: 0776 100059/0701 100059/ 0772 667 906/0752 667 906 W: www.commonsenseapp.net E: [email protected]

…software for cooperatives and investment clubs!  Cheque Register,  Cash request -Shows cash request, approved cash and the paid cash detail (payee, date, mode of pay, transaction, allocation and amount)  Payments -booking of vouchers, imp rest and payment journals  Loans Disbursements  Loans Repayment  Shares Receipt  Shares Withdrawal  Accounts Payable  Capture Supplier Details  Supplier bills/Invoices  Payments  Credits  Aging Analysis  Purchase orders  Accounts Receivable(Sales Ledger)  Capture Other Debtors Details  Debtors Invoices  Receipts  Credits  Aging Analysis  Financial Reports  Financial Reports(Robust reporting for financial reporting needs  Includes dozens of ready-to-use reports Short Message Service (SMS) LATER  Enable members to query their share balances  Enable members to query their loan balances  Enable members to query their loan application status Others LATER  Mobile Money enabled payments.  Web enabled, for members to sign in, and view their accounts online.  Basic website.

GoSacco Tirupati Mazima Mall. Nsambya, Ggaba-Road, Plot 2530, P. O. Box 21662. Third Floor, Room 261/2 Tel: +256 41 4696004. Mob: 0776 100059/0701 100059/ 0772 667 906/0752 667 906 W: www.commonsenseapp.net E: [email protected]