Without good accounting practices your business will suffer:
banks will be slow to lend you money; you will not be in a position to take advantage of current tax laws; and you will be at risk of incurring penalties for not meeting all the necessary (and constantly changing) regulations governing commerce in South Africa.
Cashbook, debtors and creditors ledgers can be prepared and maintained in order to prepare and complete statutory returns and / or management reports.
Preliminary trial balances are prepared from cashbooks and other documentation provided, whereafter final adjusting entries such as depreciation and financial interest are calculated and processed.
Annual Financial Statements
The various investment vehicles such as companies, close corporations and trusts, have a variety of reporting and disclosure requirements.
Annual Financial Statements are prepared to meet all requirements relating to the specific vehicle.