Improving property valuation and municipal revenue with accurate data

Accurate property data is important to local government. Accurate data is the key to revenue sustainability within the public sector. Geospatial reporting enables municipalities to view data discrepancies and unlock “unknown” revenue. Where data discrepancies are flagged, data cleansing should be implemented. National Treasury embarked on a business reform to streamline and promote consistent financial reporting. To achieve this, the municipal Standard Chart of Accounts, or mSCOA, was regularised and came into effect in July 2017. Its aim is to standardise how municipalities classify their financial data by introducing a standardised classification Chart of Accounts (or general ledger) across...

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