Financial Services

Books to trial balance on a monthly basis.

• We can keep your financial records up to date by capturing your day to day transaction in your ledger against your cost codes.
• Monthly Income Statement and Balance Sheet

The full procure 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 authorised order forms and ensure that the goods delivered agrees in quantity and quality to your supplier invoice.
• Capture invoices and manage creditors analysis and advise 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 calculation and payment

• Ensure that your invoices are VAT compliant and all transactions captured correctly in your ledger
• Calculate your VAT liability/ claim and ensure that returns are submitted on time
• 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 tax returns

• Compute and filing of your tax return on time.

Budgets

• 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 flow

• 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