FinFokus - AccFokus

By: Fin Fokus  11-11-2011
Keywords: Accounting, Bookkeeping Services

Services

FinFokus provides excellent and extensive accounting services.  We inspect our clients’ business to ensure that everything is done according to law and regulations and that all reports are submitted timeously.

FinFokus has membership at various financial institutions including SAICA, IRBA, SAIPA and FSB.  Combined FinFokus has more than 60 years of experience in the financial field.

Our Accounting services include the following:

1.We recognize that all companies are different, and we custom design the accounting services we provide to meet your individual needs.

Accounting and Bookkeeping Services
We recognize that all companies are different, and we custom design the bookkeeping services we provide to meet your individual needs. The three levels of bookkeeping services described below serve as starting points to help you determine the level of bookkeeping services you require.

Basic Bookkeeping Services:

The very Basic Bookkeeping Services:

  • Input Transactions: We enter all your transactions into a Pastell file on a monthly basis.
  • Assign Items to Appropriate Accounts: We assign all transactions to appropriate income and expense accounts.
  • Reconciliation of Bank Statements: Your bank statements can be mailed directly to FinFokus for reconciliation.
  • Financial Statements: FinFokus will provide monthly financial statements for your review as part of our basic bookkeeping services package.
  • Year End Reports for Your Accountant: We will provide your accountant with the information they need to quickly and inexpensively prepare your taxes.

Medium Bookkeeping Services:

Medium Bookkeeping Services include all services listed under the Basic Bookkeeping Services plus the following: 

  • Accounts Receivable: FinFokus will invoice your customers and manage collection as necessary.
  • Payroll: FinFokus will assist in managing your payroll and maintain your payroll records. Full Payroll administration service can be provided additionally.
  • Assist with Cash Management: 

Enhanced Bookkeeping Services:

Enhanced Bookkeeping Services include all Basic Bookkeeping Services plus custom reports that enable you to better analyze your revenue and expenses and quarterly budget reviews. Examples of some of the services you can receive with Enhanced Bookkeeping Services follow:

  • Budgeting: We will work with you to accurately forecast future revenue and expenses.
  • Custom-Designed Reports: We will prepare custom-designed reports that provide you with the information you need to manage your business better. Samples of some of the reports we might provide include:
    • Budget vs. Actual: FinFokus can provide you with a monthly budget vs. actual report so you can see how you are doing against your projections.
    • Customer Reports: FinFokus can provide reports to help you determine who your most and least profitable customers are.
    • Breakout of Expenses: It is often useful to break expenses out into different categories, such as by product line, office, or region. Reports such as these are available as part of Enhanced Bookkeeping Services.
  • Quarterly Budget reviews: We will meet with you quarterly to review the previous quarter, discuss changes to your budget for coming quarters, and analyze your business.

As part of the initial setup of Enhanced Bookkeeping Services, FinFokus will work with you to determine what reports would be useful to your management to help you run your business better. In addition, we can modify reports as your needs change.

Processing of Financial Transactions

  • Bookkeeping from source documents
  • Using SOFTLINE PASTEL bookkeeping program
  • Bank, Credit and Cash transactions
  • Processing of Debtors, Creditors, Stock and General Ledger transactions
  • Keeping proper Audit Trails for audit and tax purposes

Business Administration including All Statutory Requirements

  • Keeping track of all the prescribed Statutory Requirements
  • Full VAT administration, including completion of returns
  • Administration of Payroll taxes including PAYE, SDL and UIF
  • Handling Workmen’s Compensation administration
  • Comprehensive Audit preparation

Preparation of Monthly Management Accounts

  • Preparation of Management Accounts on a regular basis
  • Keeping Track of Income and Expenses
  • Monitoring Income and Expenses against Budgets
  • Getting up to date information to monitor your business
  • Taking immediate action when things go wrong

Accounting Services Fees are negotiable with guidelines laid down by the CFI and CFP.

Keywords: Accounting, Bookkeeping Services

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