What is Classifi?

Overview

“Classifi” is a classification and training tool designed by Chartered Accountants and experts in the field of National, Provincial and Municipal Standard Chart of Accounts (SCOA). This tool is designed to help the municipality “Classfi” its current chart of accounts (COA) to the Municipal Standard Chart of Accounts (mSCOA).  “Classifi” takes away all the IT jargon like long codes, short codes and GUID (I still don’t know what that is?) and simplifies your conversion via a step by step process. It is designed for financial and non-financial officials alike, so that the municipality does not get bogged down in the system conversion detail and gets on with the task of “mSCOAfication”

Key Benefits

  • Independent of any accounting system vendor, thus ensuring you get the true picture of mSCOA.

  • Step by step migration of your current chart of accounts (COA) to municipal standard chart of accounts (mSCOA)

  • Project segment driven approach that allows linkages to the IDP

  • Allows for the creation of new accounts within the principles of mSCOA

  • Tracks changes to the National Treasury master mSCOA versions via exception reporting

  • Allows the municipality to take ownership of mSCOA migration and reduces the reliance on consultants.

  • Takes away the IT jargon

  • Allows for easy navigation of all 6 standardised segments that is not excel based.

  • Search functionality across all segments and definitions

  • Allows linkage between the function and organisational structure (municipal standard classification)

  • Provides a mSCOA compliant chart for accounting system vendors to activate.

  • Allows capturing of budget against mSCOA compliant chart

  • Allows for multidimensional reporting

Why Choose “Classifi”

  • Easy to use

  • Making the legal deadline of 30 June 2017 mSCOA compliance achievable

  • Training tool

  • Caters for financial and non-financial officials

  • Developed by mSCOA experts

.