Bookkeeping to trial balance on a monthly basis.
We will keep your financial records up to date and in real time, ensuring capturing your day to day activities in the various sub-ledgers against your cost codes or cost centres, where the actual revenue was realized and actual expense incurred.
Preparation of monthly Income Statement and Balance Sheet
The full procurement to pay function (stock and Creditors)
Procurement of material and services by sending your orders to your suppliers.
Management of lead-times and following up on deliveries.
Stock management to ensure that your stock on your system reconcile to your physical stock on a monthly basis. (Client to do physical count)
Match supplier invoices to authorized order forms and ensure that the goods delivered agrees in quantity and quality to your supplier invoice.
Capture invoices and manage creditor’s analysis and advice on best payment terms.
Pay suppliers on time and send out payment advises to suppliers.
Debtors invoicing and debt collection
Send your debtor’s invoices in the appropriate format in a timeous manner.
Compile a debtor’s age analysis on a monthly basis and follow up on long outstanding debt.
Send out payment confirmations to comply with BEE procurement requirements.
VAT computation and payment
Ensuring that all invoices are VAT compliant and all transactions captured correctly in your ledger
Calculate your VAT liability/ claim and ensure that returns are submitted timeously.
Payment of VAT liability on due dates or follow up with SARS on outstanding VAT claims
Monthly management accounts
Design a format for your financials that you understand and will enable you to manage your business cost effectively and identify growth opportunities.
Annual Income tax returns
Computation and filing of ITR12 and ITR14 tax returns timeously
Maintenance of Asset Register
Documenting of all assets according to their asset category
Calculating and provision for depreciation on a monthly basis according to Practice Note 19 of the SARS
Compile a meaningful budget with realistic milestones for your business. This will be a valuable tool in running your day to day operations that will identify problem areas immediately but also assist you to grow your business to its full potential.
Cash make or break a business … we will assist with a cash flow model to help you understand the dynamics for your business and to run and grow it optimally
Saving You Money
Our team specializing in compliance filing and will assess your situation and determine the best course of action. Whether it is for individual or business needs, we’ll help to minimize your tax liability and efficiently manage your financial books.
Statutory and SARS
Our services as they relate to SARS, the Department of Labour, CIPC and the Department of Occupational Health & Safety include:
Computation of monthly VAT201 returns on e-filing
Computation of monthly EMP201, Annual EMP501 PAYE returns on e-filing
Computation of annual ITR12 and ITR14 Income Tax returns on e-filing
Preparation of Provisional Income Tax returns on e-filing
Preparation of annual submissions for Workman’s Compensation
Preparation of Annual returns to the CIPC
We’ll take care of managing your Accounting records, so you don’t have to stress about it. We stay up-to-date on all the regulatory and legislative developments, and specialize in this type of service so you won’t waste time and energy trying to make sense of all the accounting and statutory complexities. Contact us today and see how we can help you.
Annual Financial Statements
All entities require the preparation of Annual Financial Statements within 6 months of their year-end in a format required by the relevant legislation governing that type of entity:
We prepare Annual Financial Statements.
Accounting Officer & Independent Reviews
Should your company have a need e.g. from your bank or as required by the Companies Act or Close Corporation Act we will perform procedures for:
Signing off of accounting officers reports.
Performing of Independent Reviews where Public Interest Scores require it
Signing off of special purpose engagement reports and compilation engagements
Contact us to see how our accounting expertise and personalized services can save you time, money, and the frustration of managing your finances.