Accounting

Advisory

Review

Accounting

Management Accounting
  • Management Accounts: We prepare monthly management accounts including the balance sheet and income statement as well as cash flow forecasts and month to month analysis.
  • Maintenance of accounting records: We maintain the customers' accounting records on SAP Business One
  • Profit analysis: We will use our specialist knowledge to analyse and provide advice regarding the costings and profitability of the customers' operations.
  • Cash flow forecasting: We will maintain detailed monthly cashflow forecasts.
  • Annual audit: We will maintain all documentation necessary for the annual audit and the audit will be conducted at our premises thereby not interrupting business at the customers’ premises.
  • VAT: Preparation and submission of VAT returns on SARS eFiling including payment.
Creditors

As part of the accounting function we include a dedicated creditor’s clerk who will manage your suppliers by raising invoices and reconciling your accounts in SAP as well as preparing weekly/monthly cash flow reports and loading supplier payments on your online banking profile. All you have to do is review your weekly/monthly cash flow reports and then authorise the payments that you have selected for payment.

Payroll

Obtaining all relevant information needed to prepare the payroll for the month. This involves the following:

  • Capturing overtime, loans, provident funds etc.
  • Capturing and processing garnishee orders and 3rd party payments.
  • Capturing leave taken and maintenance of leave records.
  • Annually provide IRP5/IT3 (a) for each employee.
  • Electronic transfer of salaries into your employees’ bank accounts.
  • Electronic submission of the EMP201.
  • Electronic submission of UIF records.
  • Integration with your accounting software to account for the salary cost in your accounting records.
  • Maintain detailed leave records.
Tax

We provide a full range of specialist tax services for both individuals and companies which include:

  • Income Tax registration for an individual or a company
  • PAYE, SDL and UIF and VAT registration for a company
  • Completion and timely submission of all tax returns to avoid unnecessary and costly penalties and interest
  • Provide you with updates of all relevant changes made to the tax legislation
  • General tax consulting and advice

Ultimately the provision of these services will ensure that you as the taxpayer remain compliant, which is especially necessary with the current crackdown from SARS.

Drafting

The new companies Act 2008 requires for ALL companies that are being audited to draft their own set of financial statements. In the past your auditor would compile your financials during the audit process. To ensure audit independence and compliance they are no longer able to do so. We have the necessary expertise to perform this service for you. This will reduce the time and cost of an audit.