Finance

Accounting forms the backbone of any successful business. Accurate financial management enables decision-making, compliance with tax laws, and sustainable growth. However, many SMEs in Uganda struggle with accounting errors and poor financial practices, often leading to cash flow problems, regulatory penalties, or even business failure. These mistakes may stem from…

Debt collection has traditionally been seen as a manual and labor-intensive process—reliant on endless phone calls, visits, and paperwork. In Uganda, where small and medium-sized enterprises (SMEs) play a central role in the economy, delayed loan payments and overdue invoices create significant challenges. Businesses spend valuable time chasing after debtors,…

In today’s competitive business landscape, SMEs in Uganda face numerous challenges—from limited resources to regulatory compliance pressures. Among these challenges, financial reporting remains a critical yet often overlooked aspect of business management. Many SMEs attempt to handle reporting internally, often with limited expertise or resources, which can lead to errors,…

In Uganda’s competitive financial and business environment, debt recovery is more than a financial necessity—it is a strategic decision that influences profitability, customer relationships, and business reputation. Companies and financial institutions that extend credit must constantly evaluate how best to recover overdue payments without damaging client trust. Two primary methods…