Die kurze Antwort
SASRA returns are easiest when each number is a report from the ledger rather than a figure assembled from exports. SaccoFlow 365 includes report layouts for the SASRA annexes and forms that the product supports, drawn from live Business Central data. You still confirm the formats and the sign-off with your finance team and auditor.
What SASRA asks of deposit-taking SACCOs
The Sacco Societies Regulatory Authority supervises deposit-taking SACCOs under the Sacco Societies Act. Those SACCOs submit periodic returns on deposits, loans, risk classification, insider lending, complaints and agency banking, on dates set by the Authority. Formats and due dates change, so always check the current requirements with SASRA and your auditor.
The returns SaccoFlow 365 includes
| Return | Frequency |
|---|---|
| Annex 1 Loans, Annex 2 FOSA, Annex 3 Deposits | As of a date |
| Form 4 Risk Class | As of a date |
| Sectoral Classification | As of a date |
| Insider Lending Return | As of a date |
| Form 3 Deposits | Monthly |
| Form 9 Insider | Monthly |
| Agency Return | Monthly |
| Form 11 and Form 12 Complaints | Vierteljahresausgabe |
Forms 3, 9, 11, 12 and the Agency Return print in the Authority's layout, with the authorising and countersigning officers entered once on the analytics setup card. The annexes, Form 4, the sectoral classification and the insider lending return are summary reports.
What has to be true for the numbers to be right
- Loan classification and provisioning run on the same loan ledger that the returns read.
- The complaints register is kept up to date, because Forms 11 and 12 come from it.
- Agency transactions are recorded, because the Agency Return reads them.
- Opening balances are reconciled to the ledger at go-live.
The returns are only as good as the registers behind them. A system can print a form. It cannot make the SACCO keep its complaints register.
What we do not claim
We do not claim that SaccoFlow 365 is approved or certified by SASRA, and we do not submit returns on your behalf. The product is in preview. The returns are part of what we test with you in a pilot, against your own data and the current SASRA templates.
SaccoFlow 365 is in preview and is introduced through a pilot with your data. To scope one, book a consultation.
Häufig gestellte Fragen
Produziert SaccoFlow 365 SASRA-Rückmeldungen?
It includes report layouts for the annexes and forms listed in this article, drawn from live Business Central data. We confirm formats and sign-off with your finance team and auditor.
Is SaccoFlow 365 approved by SASRA?
No claim of approval or certification is made. Returns are produced by the SACCO and signed by its officers.
Which returns depend on registers staff must keep?
Forms 11 and 12 depend on the complaints register, and the Agency Return depends on agency transactions being recorded.