Accounting Services In Uganda
Accounting Services means the measurement, processing and communication of financial information about economic entities including, but is not limited to, financial accounting, management accounting, auditing, cost containment and auditing services, taxation and accounting information systems.
Accounting Services In Uganda
Preparing and maintaining important financial reports. Preparing tax returns and ensuring that taxes are paid properly and on time. Evaluating financial operations to recommend best practices, identify issues and strategize solutions, and help organizations run efficiently. Common accounting services include tax preparation and consultation, tracking expenses and revenues, and so much more. Accounting is about producing accurate financial records and maintaining efficient recordkeeping practices.
There are several types of accounting that you should know. All of them are important for businesses, as accounting helps them to track their expenses and income and enables better financial decisions. Accounting is of utmost importance when it comes to small businesses, freelancers, and entrepreneurs. Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect concept, Realisation Concept, Accrual Concept and Matching Concept.
Bookkeeping. Bookkeeping is a basic yet highly important financial service often offered by accounting firms.
Accounting services.
Audit services.
Tax planning and preparation.
Consulting services.
Special advisory services.
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions. The eight steps of the accounting cycle are as follows: identifying transactions, recording transactions in a journal, posting, the unadjusted trial balance, the worksheet, adjusting journal entries, financial statements, and closing the books.
Different Types Accounting Services In Uganda
Public Accounting. Also known as assurance services, public accounting is the broadest type of accounting as it covers bookkeeping, financial analysis, and account management services.
Management Accounting.
Governmental Accounting.
Internal Auditing.
Basic Skills Of Accounting Services In Uganda
Following is the list of few skills or technical expertise that every management accountant should be well-versed with.
1) Interpersonal skills.
2) Taxation.
3) Analysis.
4) Accounting basics.
5) National certification.
6) Accounting Software.
Principles Of Accounting Services In Uganda
Accrual principle.
Conservatism principle.
Consistency principle.
Cost principle.
Economic entity principle.
Full disclosure principle.
Going concern principle.
Matching principle.
The Cost Of Accounting Services In Uganda
ICPAU Fees Structure
| Group | Registration Fees (UGX) | |
|---|---|---|
| 1 | CPA | 130,000 |
| 2 | CTA | 160,000 |
| 3 | ATD | 110,000 |
List Of Accounting Services In Uganda
Below Are The Partial List Of Accounting Services In Uganda
Pro Savior (U) Limited. 314-731-0, Hoima Road, Namungoona/Kasubi, Rubaga Division, Kampala, Uganda, Kampala.
VINAS Businesses.
Culix Gen Marketing Agency Ltd.
256 Tax Consultants.
INNOVATE MAXIMA INTERNATIONAL LIMITED.
Esprit Ensemble Consults.
MUZIRA Audit Accouting& Tax Consulting Firm Uganda. .
Decision Beyond Ltd.