dennis Muwonge - My Blog

Can you imagine when you just spend your available resources in your initiative without knowing how much you have spent as per you budgeted amount of your initiative? This will imply that you are not aware of the sustainability of your project and henceforth just spending without plan. Streamlining Financial Reporting in Community has far reaching impacts than just showing accountability for the funds already spent. It implies the following:

1. That stewardship to community to which you are serving has clearly been achieved. Remember the community desires sustainable service from your project.

2. To the funders of your project, clear financial reporting will imply that their monies are well spent.

3. Your project will definitely have its life clear and defined as long as financial reporting is streamlined.

Therefore, as we plan to initiate projects that will benefit our communities, though its very important to look at the source of the funding, Streamlining financial reporting is important for the survival of the project.



In my next blog, i will briefly point out how financial reporting in Community initiatives can be easily done even by people with low financial knowledge backgrounds.


Responses are highly welcome.


Kind regards,

Dennis Muwonge Nsamba
Audit & Tax Consultant
Clayton & Company Certified Public Accountant
P.o Box 27179, Kampala-UGANDA
cell:+256414510216
mob:+256779543072
mob2:+256752856736