FRANCIS LUBERENGA

Work History

senior accountant

Q-SOURCING LIMITED UGANDA & WQS RECRUITMENT SERVICES LIMITED

07.2022 - Current

Leadership and Supervision; Managing the whole accounting department, of 5 people overseeing its functionality as per the company policies, responsible for the efficiency of the department and making sure that the personnel in the department are performing and executing their tasks very well
Top Management reporting; Preparing monthly management reports and presenting them to the CFO that is end month financial reports, monthly cashflow projections, Budget-variance reports and others by the 5th day of the following month
Business Analysis; Developing various business analysis models to help management to clearly and further understand the various dynamics of the company’s operations and to facilitate better decision making about various company projects
Budgeting; I have the responsibility of developing the budget template then communicating and distributing it to the various cost center managers while overseeing the whole process and after consolidating the whole Budget and then communicating and sending it to the CFO to present it to the B.O.D for approval
Statutory Compliance; Responsible for ensuring statutory compliance through ensuring that all taxes, NSSF and other statutory obligations are filed and paid on time
I also make sure that I keep myself informed with the new developments in the taxation whelm
Working Capital & Cashflow Planning; I always keep a watchful eye on the working capital of the company through preparing weekly working capital reports to make sure that the company is liquid enough run its operations and also to monthly cashflow project to track the monthly movement of cash and to make sure that cash will be available to run the company operations
Approvals; Responsible for payments approvals and confirming that they are within the budget and also invoices approval to make sure that every activity or service rendered within a specific period has been invoiced
Account Reconciliation & Audit Planning; Reviewing and making sure that every item of the financial statements is correct and fairly presented
Incase of errors or wrong posting, I investigate the errors and reconcile the errors
I am also responsible for preparing and presenting financial statements for auditing
Debt Collection; Making sure that invoicing is done on time and invoices are dispatched to the clients on time and that they are received and acknowledged by the client
After invoices I keep track of the receivables aging, sending reminders and statements to clients reminding them of their balances and also singling out those clients that are past their payments days and then following them up to establish the reasons for the late payments and finding out when they are planning to settle their outstanding balances.

accountant

WQS RECRUITMENT SERVICES LIMITED

10.2021 - Current

Set up and build the accounts department of the company from scratch, proposed and set up all the accounting systems, procedures and policies that are being used today
Tasks
Top Management reporting; Preparing monthly management reports and presenting them to the CFO that is end month financial reports, monthly cashflow projections, Budget-variance reports and others
Taxation and statutory compliance; preparing, filing and paying all statutory taxes and NSSF on time with zero compliance issues
Invoicing; Billing and Invoicing clients on time with zero tolerance to delayed invoicing in order to collect on time
Debt Collection
Making sure that no receivables go passed their due date and making sure all those pass due are quickly followed up and collected
Payments; Preparing payrolls and payment summary for all due payments so that all payments are done on time
Weekly reporting; Preparing weekly reports like working capital reports, payables and receivable reports and presenting them to the CFO and the management team
Reconciliations; Carrying out bank, supplier and client account reconciliations and also the ledger reconciliations so that they are free from errors
Financial Analysis; Using various models to do carry out company financial analytics and communicating them to management for them to better understand the company’s state of affairs
Budgeting; Drawing the budget templates and sharing them with the managers and after consolidating the budget for approval, entering the budget in the system for monitoring and reporting
Data Entry; Entering data into the accounting system, reviewing the data in the system for errors, mis-postings and mis-allocations.

ACCOUNTANT RECEIVABLES & DEBT COLLECTION OFFICER Q

SOURCING LIMITED UGANDA

10.2019 - Current

Improved invoicing and collection time by 60% through early accurate invoicing and hence early payments
Reduced the cost of capital by collecting on time and reducing over reliance on bank debt
Brought down the receivables by 70% through being able to collect overdue outstanding receivables that were over 210days and also not allowing receivables to go 30 days beyond their due dates
Tasks
Invoicing and Billing; Billing and invoicing clients upon successive completion of work or stage in a work
Receipting client payments; Processing, verifying and updating clients’ accounts with recent receipts and sharing statements with them
Account Reconciliations; Researching and resolving accounts receivable discrepancies
Performing administrative and clerical tasks, such as data entry, preparing invoices, sending bill reminders, filing paperwork, and contacting clients to discuss their accounts
Reporting; Generating and preparing weekly, monthly & annual receivable reports for internal use by the top management
Financial Analysis; Carrying out receivable analysis and sharing the data with top management for decision making
Debt collection; Running daily receivables age analysis and following up with clients with due invoices for payment, sending payment reminders to clients for due and overdue invoices, working with the legal department to renegotiate payment plans and deadlines with overdue clients
Assisting the Finance manager with general financial management and analysis
Cashflow projections; Working with the payables accountant to draft monthly & Quarterly cashflow projections
Support the Finance Manager with the preparation of Monthly management accounts
Support the Finance manager in the Budgeting process and tax planning.

ACCOUNTANT PAYABLES

Q-SOURCING LIMITED UGANDA

08.2018 - 09.2019

Data Entry; Calculating, posting business transactions, processing invoices, verifying financial data for use in maintaining accounts payable records
Document Verification; Reviewing & verifying that invoices and requisitions have complete documentation and satisfactory approvals
Reconciliations; Reconciling Bank statements every month
Reconciling supplier accounts to make sure that there are no duplicate invoices in the systems or there are no duplicate payments made
Investigating and resolving invoice discrepancies and issues
Supervising the accounts assistant to make sure that data is accurately entered into the accounting system
Timely Payments; Ensuring that staff, suppliers and other expenses like utility bills, statutory are paid on time
Payment Preparations; Preparing payment schedules and sending them for approval before payments are made
Reporting; Preparing weekly & monthly payable reports, cash reports, cashflow projections and other
Filing and record tracking; Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc
Statutory Compliance; Filing monthly tax returns i.e., VAT, PAYE, WHT and other statutories like NSSF and paying them on time to avoid any penalty
Budgeting; Monitoring the budget lines while making payments and making sure that all payments made are within the Budget
Asset Management; Maintaining, updating and verification of assets in the asset register and making sure that depression is accurately calculated against them.

INTERNAL AUDIT OFFICER

Q-SOURCING LIMITED UGANDA

06.2016 - 07.2018

Carried out Enterprise Risk Mapping for the company and drafted the first risk register for the company
Oversaw and spearheaded the first comprehensive financial audit for the company with a creditable audit firm
Tasks
Working with external auditors to carry out an ERM (enterprise risk management) for Q sourcing
Working with external auditors to audit final accounts
Presenting final accounts to the B.O.D
Auditing finance to see that the accounts are well maintained and prepared
Risk management where I carry out risk analysis, assessment, risk capturing and mitigating risks
Inspecting and maintaining efficient internal controls
Financial analysis and inspection of financial reports
Preparing effective audit plans
Assisting external auditors in their work for effective and efficient audit designs
Advice management on various projects and on a way forward on those projects
Provide management with an opinion on the internal controls
Execute company internal audits, special investigations, compliance with policies and rules
Design the audit program routine
Analyse operations and propose value added recommendations
Carrying out Quality checks and Compliance audits

MANAGEMENT REPRESENTATIVE

Q-SOURCING LIMITED UGANDA

12.2016 - 10.2017

Helped the company (Q sourcing) achieve ISO certification after 2 attempts and losing over 15000 US dollars
I achieved this on a small budget and saved the company a lot of funds of over 70% of the budgeted 10000 US dollars
Tasks
Drafting company policies & procedures and revising the old policies and procedures
Drafting standardized company forms, templates and reports to be used for various operations
Working with the ISO certification auditors to implement the Quality standards
Working with the ISO auditors during the certification audits
Ensuring that the company operates as per the ISO guidelines
Carrying out regular audits to ensure compliance to the ISO regulations.

ACCOUNTS & ADMINISTRATIVE OFFICER

BRIDGE GROUP (U) LIMITED

06.2013 - 01.2015

Tasks
In charge of entering data into the accounting software
In charge of client invoicing and debt collection
In charge of managing the payroll of the staff i.e., updating & making monthly payrolls
In charge of petty cash management
In charge of filling and organizing accounting records
Provide administrative support to the accounting department
Maintain and manage office administrative expenditure
Filing taxes and other statutory obligations like NSSF
Check and verify supplier invoices before making payment vouchers
Inventory management and control
Making bank deposits and maintaining payment records
Reconciling bank statements.

Summary

Overview

Work History

senior accountant

accountant

ACCOUNTANT RECEIVABLES & DEBT COLLECTION OFFICER Q

ACCOUNTANT PAYABLES

INTERNAL AUDIT OFFICER

MANAGEMENT REPRESENTATIVE

ACCOUNTS & ADMINISTRATIVE OFFICER

Education

MBA - Accounting And Finance

Professional Accounting Course - Accounting And Finance

Bachelor of Business Administration - Accounting

High School Diploma -

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Profe -

Skills

Affiliations

Languages

Additional Information

Timeline

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