Annual financial statements
Compiled AFS for your Pty Ltd or close corporation, prepared to standard and ready for SARS, the bank or investors.
Accounting and bookkeeping for South African businesses
We do monthly bookkeeping, annual financial statements and management accounts on cloud software. You can call or message the accountant who works on your books.
Would you rather talk it through first? Message us on WhatsApp or book a call with Jolandi.
Records kept up to date every month
We keep your books current every month. Bank feeds are reconciled, invoices are captured, and you can see what the business is making. When a SARS deadline comes round, the figures are already in place.
We work on cloud platforms such as Xero, so you can see your position from your phone and we work on the same live figures as you.
Accounting services
Monthly bookkeeping
Bank reconciliations, supplier and customer ledgers, and VAT-ready records kept up to date all year.
Management accounts
Monthly or quarterly reports on your margins and cashflow, with our notes on what to do next.
Catch-up work
If your books are behind, we rebuild messy or missing records from bank statements and source documents and bring your filings up to date.
Independent reviews support
Where your company needs an independent review, we prepare the file and work alongside the reviewer.
Cloud software setup
We set up Xero with a chart of accounts, bank feeds and invoicing that match how your business works.
See your numbers from your phone
We work on cloud platforms such as Xero. Bank feeds bring transactions in automatically, you can raise an invoice from your phone, and you can see where the business stands at any point in the year.
We work on the same live system as you, so we are both looking at the same up-to-date figures whenever you need them.
How we work with you
- 1We set up your software
We configure the cloud software around how your business works, including the chart of accounts, bank feeds and invoicing, and clear any backlog so you start from a current position.
- 2We keep the books current monthly
We maintain reconciliations, ledgers and VAT-ready records every month, so the figures are ready before each deadline.
- 3We send management accounts
Your management accounts show margins, cashflow and where to focus.
- 4We handle year-end and tax
We prepare your annual financial statements and tax returns from the books we have kept during the year.
Common accounting questions
Do I need annual financial statements?
If you trade through a company, yes — the Companies Act requires annual financial statements, and SARS expects your ITR14 to be based on them. Sole proprietors need complete income and expense records for their ITR12 even though formal AFS aren't required.
Which bookkeeping software do you use?
We work mainly on Xero and other cloud platforms. If you use other software or spreadsheets, we either work with it or move you across with your history included.
My books are a mess. Can you fix them?
Yes. We rebuild the records from bank statements and source documents, file the backlog, and set up a monthly routine so the records stay current.
How much does it cost?
It depends on volume and complexity. We quote a fixed monthly fee before we start. Tell us about the business and we will send you a quote.