A separate Accounts dept was not established until Jan 2001. Before then IT and Accounts was one department.
Early 2005 the bank acccomplished 2 events which have simplified work in the dept :-

an integrated customer /general ledger system an automated depreciation program for fixed assets

Before,customer transactions were posted on same day but the general ledger was updated the following morning.Now both customer and general ledger data is posted simultaneously.

Calculation of depreciation used to take 3 days but thanks to the effort of our MD, Mr Nabil Ghanem,it is now captured in 3 hours!

The dept daily monitors profit & loss account,deposits,advances and lending ratio which facilitates compliance with Central Bank limits and also tracks budget performance.

This is a list of some of our other products:-

DAILY:
Forex position monitoring.

WEEKLY:
Assets & liabilities report,Liquidity report,Cash reserves report,Weekly forex report.

MONTHLY:
Bank statistics,Maturities of assets/liabilities report,Reconciliation of nostros & banks in Uganda, Reconciliation debtors, prepaid & creditors.

QUARTERLY:
Profit/Loss analysis, Capital adequacy report.