Accounting
Posts on Accounting from the Kit team. Pick another topic below or go back to all posts.
Your URA income tax return is due 31 December: a checklist
Businesses with a 30 June year end must file the annual income tax return by 31 December. What URA expects, the penalties, and how to close the books now.
Uganda's FY2026/27 tax changes: what small businesses should know
The 2026 tax amendment Acts took effect on 1 July: a higher PAYE threshold, a UGX 300 million VAT threshold, new excise rates and lower EFRIS penalties.
The weekly reports every business owner should read
Six reports that take twenty minutes on a Monday and catch problems before month end: sales, gross profit, stock value, slow movers, debtors and expenses.
Records URA expects for cash and mobile money sales
The five-year record rule, what an EFRIS e-receipt must carry, the 1 July 2026 penalty changes and a filing routine for cash, MoMo and credit sales.
Reconciling mobile money with your sales at month end
A month-end routine for matching MTN and Airtel statements to the till, booking fees and reversals, and using the six-hour rule when a payment is missing.
Reading the Kit home dashboard: net sales, gross profit, stock
What each figure on the Kit POS home dashboard means, which period to pick, how to filter by location, and what to ask Kit AI when a number looks wrong.
Preparing a small business loan application in Uganda
What a development lender asks for: registration papers, twelve months of statements, a credit report, tax clearance and projections. How to be ready.
Kit Pay use cases: collect, pay and reconcile inside Kit
Five everyday jobs Kit Pay does for a Ugandan business, from MoMo on the till to supplier payouts with approvals, charged per transaction, no monthly fee.
Credit sales in Uganda: terms, time limits and small claims
How to sell on credit without losing the money: written terms, an ageing list, the six-year limitation rule and the UGX 10 million small claims procedure.
Bank or mobile money: where should your takings settle?
How Uganda's payment rails fit together, what it costs to move money between wallet and bank, and a settlement routine that keeps every shilling traceable.
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