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Set Up Your Bookkeeping Function

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.

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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;

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Monthly Statutory Compliance

Generate payroll and support with Pay As You Earn (PAYE) and NSSF calculations and filing.

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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.

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Annual URA filing for Income Tax

Review of the management accounts, calculation of corporation tax, and filing with the tax authority.

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Annual URSB Filing

Utilize the management accounts to generate and filing with the Uganda Registration Services Bureau