Benefits of mSCOA at Munsoft Annual General Meeting
The Munsoft AGM will place an emphasis on the latest stipulations from National Treasury and how Munsoft will undertake to enable Local Government using mSCOA.
The Munsoft AGM will place an emphasis on the latest stipulations from National Treasury and how Munsoft will undertake to enable Local Government using mSCOA.
Munsoft is intrinsically committed to producing a high quality Integrated Financial Management System (IFMS). In order to maintain our high-quality software product, Munsoft will start releasing versions of the IFMS in accordance with a predetermined monthly release cycle. This defined schedule enables Munsoft to implement proper software development quality assurance and appropriate release management.
On the 16th of October 2017 National Treasury sent out an email communication to all municipalities requesting them to submit their statutory electronic S71 monthly returns by COB on 28th of October 2017 in order to comply and qualify for your equitable share.
This transversal contract (RT25-2016 for the period 1 June 2016 to 31 May 2019), is for municipalities to potentially procure financial management and internal control systems as they implement the Regulation of a Standard Chart of Accounts, commonly referred to as the "mSCOA".