While focusing on your core business, the recording of daily financial transactions can easily become overwhelming.

Out of date or poorly prepared records can hinder the growth of your business, and adversely affect its financial health.

But how you may ask?

CASH FLOW

by keeping on top and ahead of who owes you money, who you owe, and identifying expenses that are bringing down your bottom line, so that important cash management decisions be made. To do this you would need to know exactly what comes in and what goes out of your business, when and for what.

BUDGETS AND FORECASTS

by recording all financial transactions in accordance with proper financial standards, you not only gain insight on the financial health of your business, you are able to identify trends which will aid you in planning ahead.

SARS AND TAXATION

by submitting an accurate representation of your business' financial status for the purposes of determining the correct rate of tax.

SARS, being a rigid and inflexible institution, demand that transactional records are maintained and stored for up to 5 years. Taxation rules are stringent, and taxes are imposed on net profit, depending on what category your trade falls under, for example:-

- Sole Trader
- Micro Business
- Small Business
- Corporation

SARS have the right within those 5 years to perform assessments on past income tax submissions (you've already long forgotten about), should the slightest variance occur.

Bookkeeping Services

We put the "I" back into your "lIfe"

Debtors

capturing sales invoices

applying payments to those invoices when received

providing you with customer statements

providing you with an age analysis and unpaid invoices report

Know how much money you have made, who still owes you money, and for how long.

Creditors

capturing supplier bills

applying payments to bills once paid

providing you with an age analysis and unpaid bills report

Know how much money you owe, who you still owe money to, and for how long it's been outstanding.

Reconciliation of Transactional Accounts

bank - capturing of debtor receipts, creditor payments and operating expenses

petty cash

credit card

Management Accounts

Following the recording of the daily transactions within the normal course of business, these reports would indicate the monthly profit or loss of your business, to provide you with an accurate picture of your financial health to make better business decisions.

Income Statement
a dashboard of all income, cost of sales and operating expenses

Balance Sheet
a dashboard of all assets, liabilities and the net worth of your business

  What does it cost?

THE VALUE OF YOUR ACCOUNTANT

Accounting Services

Trial Balance & Year End Journals

Prepared at the end of each financial year, adjustments are made to your management accounts to reconcile balance sheet items, whereby depreciation and accruals are applied.

Annual Financial Statements

A collaborative summary of all financial transactions is prepared and presented for approval by the business owner. Financial statements are a legal requirement for freelancers, contractors, sole proprietors and businesses in South Africa and are presented to SARS for taxation.

Tax Preparation and Submission

The rate of income tax payable is dependent solely on your business structure. Both provisional tax and annual income tax are based on this structure. Our team of skilled tax professionals have the know-how to ensure that your tax liability is not inflated by any means.

  What does it cost?