Summary
Overview
Work History
Education
Skills
Accomplishments
References
Training
Languages
Personal Information
Home District
Languages
Websites
Timeline
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BETTY KAYENGA

KAMPALA

Summary

Lead Accountant with extensive experience in financial oversight and regulatory compliance at Seffy Grove-SMC Ltd. Proficient in IFRS and GAAP, achieved significant improvements in cash flow efficiency and audit results through process optimization. Strong analytical and communication skills ensure data accuracy and support organizational excellence.

Overview

13
13
years of professional experience

Work History

Lead Accountant

Seffy Grove-SMC Ltd
04.2024 - Current
  • Managed the end-to-end accounts payable and receivable cycles, ensuring timely processing of vendor invoices and client payments, resulting in improved cash flow efficiency.
  • Prepared comprehensive Financial Statements per IFRS/GAAPs, leveraging accounting software to automate report generation and ensure compliance with corporate and country laws.
  • Conducted detailed Trade Receivable/Payables Ledger Reconciliations, reducing outstanding discrepancies through proactive investigation and resolution.
  • Strategically established and enhanced the company's financial and accounting procedures in consultation with the Finance Manager, driving process optimization and reducing manual effort.
  • Oversaw Treasury Management, including online banking and efficient execution of Foreign currency transactions, optimizing liquidity.
  • Proactively assessed, created, and enhanced departmental controls, systems, and practices, improving data accuracy and productivity and leading to stronger audit outcomes.
  • Ensured proper and timely completion of complex month-end and year-end reports, providing critical financial insights to support monthly and quarterly financial closing activities.
  • Maintained and reconciled the Fixed Asset Register to the General Ledger, improving asset tracking accuracy.
  • Collaborated extensively with external auditors, providing detailed accounting and financial reports and data, which facilitated efficient and successful audit processes.
  • Verified company's financial operations adhered strictly to GAAP, proactively identifying and rectifying potential non-compliance issues.
  • Supported External Auditors in the preparation and submission of corporate tax reports to revenue authorities, ensuring full compliance.
  • Examined financial accounts for fraud or mistakes before Management Accounts presentation, reducing potential financial risks by a demonstrable margin.
  • Maintained thorough and accurate financial records, foundational for robust cash flow management and strategic decision-making.
  • Participated actively in reconciliations and audits, demonstrating unwavering commitment to internal controls and financial integrity.
  • Assigned and mentored accounting responsibilities to company employees, fostering team development and enhancing departmental productivity.
  • Continuously monitored recent financial industry trends and developments, integrating best practices to maintain a competitive economic edge.

Management Accountant

Grain Bulk Handlers U Ltd
02.2022 - 04.2024
  • Oversaw the company budget by developing detailed quarterly expense and revenue projections using advanced Excel models, which informed strategic resource allocation and contributed to a reduction in non-essential spending.
  • Reviewed and reconciled records for all financial transactions from a wide variety of documents (purchase orders, sales orders, vouchers), ensuring data integrity for financial reporting.
  • Issued supplier invoices efficiently using the URA EFRIS system, optimizing billing cycles.
  • Managed the reconciliation of Tax Heads in books (WHT/PAYE/VAT) with URA Tax Ledgers, proactively addressing discrepancies to ensure tax compliance and avoid penalties.
  • Performed comprehensive Monthly Ledger Reconciliations (Payables/Receivables/General Ledger), identifying and resolving issues promptly.
  • Prepared and presented monthly, quarterly, and annual reports to Management, detailing current financial performance and contrasting them to annual projections. These reports were instrumental in guiding operational adjustments and strategic decision-making.
  • Ensured timely filing and payment of PAYE/NSSF/VAT returns.
  • Maintained all expense and revenue records with tax implications, collaborating with the finance team to ensure 100% compliance with all statutory requirements.

Accounts Payable Accountant

Mantrac (U) Ltd/Delta Industrial Equipment
04.2018 - 02.2022
  • Managed the complete accounts payable process for suppliers/employee expenses, including verifying invoices/vouchers for approval, GL posting/coding, and subsequent wire payment, processing an average of 500+ invoices monthly.
  • Ensured all accounts were paid strictly by company policy, optimizing payment schedules and maximizing cash flows by leveraging credit terms and early payment discounts, saving the company annually in interest/discounts.
  • Processed intercompany POs and vendor invoices efficiently, integrating them into the Accounts Payable system.
  • Handled all monthly expense reports before month-end closing, ensuring accuracy and timely reimbursement.
  • Submitted all domestic/international/wire payments to employees/vendors, including significant volumes processed through digital payment platforms, enhancing payment speed and transparency.
  • Maintained a highly organized digital and physical filing system for all processed invoices, enabling rapid access and retrieval (reducing retrieval time by 30%) for audits and inquiries.
  • Proactively updated and reconciled employee/vendor accounts/GL master files, ensuring data integrity.
  • Provided critical Treasury accounting support, monitoring bank activity and bank accounts for both local/foreign currency, which directly supported cash flow forecasting.
  • Performed comprehensive Monthly bank reconciliations, consistently resolving discrepancies and ensuring accurate cash balances.
  • Administered and reported new capital expenditure, including managing paperwork approvals through DocuSign, ensuring adherence to budget and approval processes.
  • Ensured timely filing and payment of monthly Withholding/VAT/NSSF/PAYE returns, maintaining tax compliance.
  • Conducted thorough Vendor/Employee account reconciliations, identifying and resolving any discrepancies.
  • Addressed inquiries about vendor/employee accounts with professionalism and efficiency, improving internal and external stakeholder satisfaction.

Cashier

Mantrac (U) Ltd/Delta Industrial Equipment
07.2015 - 04.2018
  • Processed daily transactions and handled customer payments accurately against appropriate cost centres, maintaining meticulous records.
  • Managed the cash register, ensuring all receipts were banked promptly, and petty cash was fully accounted for with complete supporting documentation.
  • Assisted and responded to customer inquiries, demonstrating strong customer service skills.
  • Actively supported the Accounts Payable Accountant with the bank reconciliation process, gaining foundational experience in financial reconciliation.

Assistant Accountant/HR Officer

Three Farmers' Investments Ltd
07.2012 - 07.2015
  • Prepared detailed budget estimates for allowances, regular expenses, and operational stock items, contributing to effective cost control.
  • Verified and authorized vouchers for Cocoa purchases, ensuring proper documentation and financial integrity.
  • Computed wages for casuals across multiple locations (main store and field outlets), ensuring accurate and timely payroll processing.
  • Managed the posting of both cash and credit purchases into the accounting system.
  • Conducted rigorous stock-taking for assets and other operational stock items, maintaining inventory accuracy.
  • Audited store accounts (stock weighed in/out per store against cash advanced per harvest) to ensure financial accountability at retail outlets.
  • Reconciled store documentation to physical stock presented at the main store by county outlets, identifying and resolving discrepancies.
  • Prepared the Daily Transactions Report, providing a comprehensive overview of daily financial activities and enabling accurate balancing of the Company Cashier.

Education

Certified Public Accountanting Levels 1,2 and 3-ongoing - Financial Analysis,Audit, Accounting

Institute of Certified Public Accountancy
Kampala, Uganda
06-2019

Post Graduate Certificate - Human Resource Management

Makerere University
01.2012

Bachelor of Science Degree - Accounting & Finance

Kyambogo University
01.2011

Ordinary Level Certificate -

Tororo Girls School
01.2005

Primary Leaving Certificate -

Rock View School
01.2001

Some College (No Degree) -

Seeta High School
Mukono, Seeta

Skills

  • Advanced data analysis
  • Problem-solving
  • Strategic approach
  • Innovative approach
  • Organizational skills
  • Cross-functional collaboration
  • Financial oversight
  • Financial reporting
  • Data Accuracy
  • Audit support
  • Regulatory compliance
  • Intercompany transactions
  • IFRS expertise
  • ERP system proficiency
  • Tax law
  • Budget administration
  • GAAP compliance
  • Risk mitigation
  • Multitasking
  • Deadline management
  • Communication skills
  • Presentation skills
  • ERP systems
  • SAP
  • Microsoft Dynamics
  • Pastel
  • Ecoda assistance
  • Coda
  • QuickBooks
  • Tally
  • Microsoft Excel
  • Digital payment platforms
  • Invoicing systems
  • Financial reporting
  • Accounts reconciliation

Accomplishments

  • Financial process optimization: designed and implemented significant upgrades to control procedures and financial workflows, resulting in improvements in audit results and enhanced overall financial accuracy
  • Cost efficiency and resource management: streamlined procurement processes and controls, leading to cost reduction across multiple departments
  • Strategic vendor and client management: Proven ability to establish and maintain strong working relationships with diverse vendors and service providers, optimizing payment schedules, and proactively resolving discrepancies, leading to improved vendor satisfaction scores
  • Improved cross-functional financial alignment: Championed enhanced teamwork and coordination, synchronizing marketing and operations functions with finance to improve cost verification and streamline client billing processes
  • Robust financial control and compliance: Played a key role in ensuring strict adherence to internal controls and tax regulations, proactively identifying and mitigating financial risks

References

  • Gloria Namakula, accountant, Mantrac/Delta Group of Companies, +256 758 377854
  • Reuben Masereka, AG principal accountant, National Population Secretariat, +256-776-124-898
  • Lucy Abaki, senior human resource officer, Mantrac Uganda Ltd, +256-774-163-160

Training

  • Certificate of Participation in Recruitment, Selection & Interviewing training, Grayson Consulting, 10/2013
  • Certificate of participation in Performance Management training, Future Options Consultants, 07/2013
  • Training in Customer care/handling and Facilitation during training, Company Consultant-Daniel Lutwama
  • Certificate of Participation - Institute of Certified Public Accountants-Uganda in Taxation
  • Certificate of participation in Communication Skills Training, Mantrac Group of Companies Trainer-Mohammed Shady, 06/2016
  • Certificate of participation in Myers Briggs Test Indicator Training (MBTI), Mantrac Group of Companies Trainer-Mohammed Shady, 06/2016

Languages

Excellent, Excellent, Excellent, Good, Good, Good, Fair, Fair, Fair, Good, Good, Fair

Personal Information

  • Date of Birth: 01/30/89
  • Gender: Female
  • Nationality: Ugandan

Home District

Manafwa

Languages

English
First Language

Timeline

Lead Accountant

Seffy Grove-SMC Ltd
04.2024 - Current

Management Accountant

Grain Bulk Handlers U Ltd
02.2022 - 04.2024

Accounts Payable Accountant

Mantrac (U) Ltd/Delta Industrial Equipment
04.2018 - 02.2022

Cashier

Mantrac (U) Ltd/Delta Industrial Equipment
07.2015 - 04.2018

Assistant Accountant/HR Officer

Three Farmers' Investments Ltd
07.2012 - 07.2015

Certified Public Accountanting Levels 1,2 and 3-ongoing - Financial Analysis,Audit, Accounting

Institute of Certified Public Accountancy

Post Graduate Certificate - Human Resource Management

Makerere University

Bachelor of Science Degree - Accounting & Finance

Kyambogo University

Ordinary Level Certificate -

Tororo Girls School

Primary Leaving Certificate -

Rock View School

Some College (No Degree) -

Seeta High School

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BETTY KAYENGA