Sheilla Mary Adengo

Senior Accountant

Senior Audit Manager

Finance Professional

About Me

Hello! I’m Sheilla Mary Adengo.

A finance and accounting professional with over five years of hands-on experience across financial reporting, tax compliance, auditing, budgeting, corporate governance, strategic planning, and cash flow management; built almost entirely within Uganda's SACCO and microfinance industry.

My work has put me at the center of institutions managing serious money: at M-CARE SACCO LTD, I prepared monthly financial statements covering assets exceeding UGX 7 billion, spanning loan portfolios, treasury investments, fixed assets, and client deposits. At Bugadde SACCO LTD, where I currently serve as Senior Accountant, I manage monthly management accounts covering bank assets valued at over UGX 3 billion; including loans, advances, investments, and treasury instruments while overseeing shs 2 billion in accounts payables and receivables.

Before moving into SACCO finance, I trained on the audit side at SONA Associates Certified Public Accountants, conducting annual financial audits, substantive testing, and compliance reviews for external clients; experience that shapes how I approach internal controls and reporting integrity today. I also spent time at Mercy Corps Uganda and One2one Logistics (U) LTD, building a broad foundation in reconciliation, accounts payable/receivable management, and IFRS-compliant reporting.

I have a deep, practical understanding of IFRS standards (including IAS 1, IFRS 10, and IFRS 16), tax compliance (VAT, PAYE, NSSF, and withholding tax), and the reporting discipline that donor-funded and regulated financial institutions require. I'm currently pursuing my CPA Level 2 with the Institute of Certified Public Accountants of Uganda.

Statistcs

UGX 7 Billion+
Institutional Assets Reported

70%
Reduction in Outstanding Invoices

15%
Improvement in Budget Accuracy

500m UGX
Tax Savings Recovered

Career Highlights

Managed reporting for UGX 7 billion+ in institutional assets at M-CARE SACCO LTD, covering loan portfolios, treasury investments, fixed assets, and client deposits.
Oversees UGX 3 billion+ in bank assets in her current role at Bugadde SACCO LTD, including loans, advances, investments, and treasury instruments.
Reduced outstanding invoices by 70% through improved debtor and creditor reporting processes (a result achieved at both Bugadde SACCO and M-CARE SACCO).
Improved budget accuracy by 15% by developing financial models and leading variance analysis at M-CARE SACCO.
Increased ROI by 12% through capital allocation insights that optimized resource utilization.
Reduced unnecessary expenditure by 15% by developing bi-weekly budgets and cash flow reports.
Cut manual fixed-asset errors by 60% by implementing structured depreciation schedules.
Reconciled 250+ General Ledger accounts monthly and 1,300+ accounts payable transactions on average, reducing outstanding invoices by 56%.
Recovered shs 500 million in tax savings for clients at SONA Associates through compliance reviews and identification of deductible expenses.
Reduced financial fraud risk by 20% by implementing new internal controls during her time as an auditor.
Identified and rectified financial discrepancies exceeding $30,000, reducing potential financial losses by 60%.
Managed annual expenditure budgets of shs 500 million through cash flow planning at Bugadde SACCO.

Areas of Expertise

Financial Reporting & Statements

Preparation of balance sheets, income statements, cash flow statements, and monthly management accounts for institutions managing multi-billion-shilling asset bases.

Tax Compliance & IFRS

Accurate, on-time filing of VAT, PAYE, NSSF, and withholding tax returns, alongside IFRS-compliant reporting (IAS 1, IFRS 10, IFRS 16 amortization schedules).

Cash Flow Planning & Budgeting

Cash flow forecasting and bi-weekly/annual budgeting to optimize liquidity, reduce unnecessary expenditure, and manage working capital requirements.

Accounts Payable & Receivable Management

End-to-end AP/AR ledger management, client aging analysis, debtor/creditor reconciliation, and invoice processing at high volume and accuracy.

Audit & Internal Controls

Substantive testing, audit planning and execution, internal control evaluation, and partnership with external auditors to track and resolve financial discrepancies.

Fixed Asset & Stock Management

Fixed asset register management, depreciation scheduling, and stock journal movements including transfers and inventory adjustments.

Financial Analysis & Modeling

Financial modeling, variance analysis, and executive dashboard design tracking loan growth, profitability, asset quality, and revenue performance.

Payroll & Compensation

Employee compensation processing and payroll tax administration.

Resume

Experience

July 2024 – Present

Senior Accountant

Bugadde SACCO Limited

Manages monthly management accounts covering UGX 3 billion+ in bank assets, oversees accounts payable/receivable, fixed asset registers, executive dashboards, payroll, and full tax compliance (VAT, NSSF, PAYE, WHT).

December 2020 – June 2024

Accountant

M-Care SACCO Limited

Prepared monthly financial statements for assets exceeding UGX 7 billion, led financial modeling and variance analysis, reconciled 250+ GL accounts monthly, and ensured IFRS/IAS compliance across ledger consolidations.

February 2020 – December 2020

Finance Assistant

Mercy Corps Uganda

Prepared financial and reconciliation reports across management accounts, sales, petty cash, mobile money, and bank accounts; processed 1,000+ supplier invoices and accountabilities at 98% accuracy; managed IFRS 16 amortization schedules and end-to-end audit processes.

January 2019 – February 2020

Auditor

SONA Associates Certified Public Accountants

Conducted annual financial audits and substantive testing for clients, identified discrepancies exceeding $30,000, recovered shs 500 million in tax savings, and reduced fraud risk by 20% through new internal controls.

January 2018 – January 2019

Accounts Clerk

One2one Logistics (U) Limited

Prepared IFRS-compliant financial statements, managed AP/AR ledgers (reducing aging balances by 25% and improving cash flow by 15%), executed IFRS 15 revenue recognition for intercompany transactions, and handled tax filings and bank reconciliations.

Education

January 2023 – Present

Certified Public Accountant (CPA) Level 2

Institute of Certified Public Accountants of Uganda

January 2014 – December 2018

Bachelor of Science in Accounting and Finance

Kyambogo University, Kampala

January 2012 – December 2013

Uganda Advanced Certificate of Education

Our Lady of Africa Namilyango

January 2008 – December 2011

Uganda Certificate of Education

Seeta High School, Mukono

Professional Memberships

Institute of Certified Public Accountants of Uganda (ICPAU) - CPA Level 2, in progress since January 2023

Knowledge & Skills

Proficiency

MS Excel

95%
QuickBooks

90%
SAP

85%
Tally ERP

95%

Soft Skills

Cross-Functional Leadership
Communication Skills
Problem-Solving Skills
Critical Thinking
& Strategic Planning
Customer Service
Operational Management
Admin Process Improvement

Get in Touch

Address: Wandegeya, Kampala
Email: sheillamary95@gmail.com
Phone: +256 786 636 343
Consultancy Status: Available

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