Setting up and review of your chart of accounts, accounting systems, processes, and controls. Guidance on the adoption of best practices to facilitate standardized bookkeeping practices. Training on generation, gathering, and storage of documents of original entry.
Are you an SME looking to transform and organise your business operations in order to increase your business profits.
Set Up Your Bookkeeping Function
Monthly Bookkeeping
Review of all the necessary source documents; requisitions, quotations, invoices, and receipts. Post all the entries into the accounting software. Entering bank details and making all the necessary reconciliations, including bank and balance sheet reconciliations. Monthly reports will be generated;
Monthly Statutory Compliance
Generate payroll and support with Pay As You Earn (PAYE) and NSSF calculations and filing.
Annual Management Accounts
Utilize the monthly financial statements to generate annual management accounts. The income statement, cash flow statement and balance sheet will be generated. Additionally, update the asset register.
Annual URA filing for Income Tax
Review of the management accounts, calculation of corporation tax, and filing with the tax authority.
Annual URSB Filing
Utilize the management accounts to generate and filing with the Uganda Registration Services Bureau
