TallyPrime for
Kenyan SACCOs
Manage member accounts, track loan portfolios, and produce SASRA-compliant financial reports — all from one trusted accounting system. TallyPrime supports SACCOs and cooperatives across Kenya.
Built for Kenyan SACCOs
Member Savings Tracking
Track individual member savings, share capital, and deposit contributions. Generate member statements showing all transactions and current balances.
Loan Portfolio Management
Record loan disbursements, track repayments, and calculate outstanding balances for each member. Monitor the health of your loan book with ageing and default reports.
Member Ledger Management
Each member has a dedicated ledger in TallyPrime. All transactions — deposits, withdrawals, loan repayments, dividends — are recorded and traceable.
SACCO Financial Statements
Produce Income & Expenditure accounts, Balance Sheet, and cash flow statements in the format required by SASRA and your external auditors.
SASRA Compliance Reports
Generate the regulatory reports required by the SACCO Societies Regulatory Authority (SASRA) — capital adequacy, liquidity ratios, and portfolio quality reports.
Staff Payroll
Manage SACCO staff payroll with full Kenya statutory deductions — PAYE, NSSF, SHIF, Housing Levy, and NITA. Generate payslips and remittance schedules.
SACCO FAQs
Can TallyPrime calculate loan interest automatically?
TallyPrime can be configured to track loan interest accruals. For complex loan interest calculations (reducing balance, flat rate), we recommend a dedicated SACCO management system integrated with TallyPrime for accounting.
How does TallyPrime handle dividend distribution?
Dividend distributions are recorded as journal entries in TallyPrime, debiting the dividend payable account and crediting each member's account. Member statements are updated automatically.
Can TallyPrime handle both savings and credit SACCOs?
Yes. TallyPrime's flexible chart of accounts and cost centre structure supports both savings-only SACCOs (BOSA) and front office savings activity (FOSA) operations.
See TallyPrime SACCO Accounting in Action
Book a free demo tailored to your SACCO's member accounting and regulatory reporting needs.