Bookkeeping Services
Bookkeeping
Using Pastel Partner to capture financial records, the following reports can be produced:
1. Trial Balance (both month by month and or year to date)
2. Balance Sheet
3. Income Statement
4. VAT Report
Budgets & Cash Flow Forecasts
Working together, we will draw up a budget and or cash flow forecast. Below is a detailed explanation of these two important documents.
Budgets
A budget is the planned income and planned expenditure. It helps you to allocate funds for particular items and activities. A budget also helps you to set business goals.
Cash Flow Forecasts
Cash flow forecasting is a method used to estimate the amount of cash coming in and out of your business over a given period of time. A short-term cash forecast may cover the next 30 days or longer and can be used to identify any funding needs, or excess cash in the immediate term.
Difference between a Budget and a Cash Flow Forecast
A budget is a plan of income and expenses whilst a cash flow indicates the estimated period when that income or expense will be received, or paid out.
Management Accounts
This is another very important tool with which to measure the progress of your business. After we have produced these reports, we will meet to discuss them.
Management accounts are financial reports produced for the business owners generally monthly or quarterly, normally a profit and loss report and a balance sheet. In principle, they are similar to year end accounts, but are less formal and are personalised to the user’s requirements, for example, they monitor the progress of the business according to the budget.
Tax Services
SARS Services
Prepare and file SARS VAT 201, EMP 201, and EMP 501.
If you appoint me as a representative with SARS, I will communicate with them on your behalf.
General Administration
General Administration Duties
By arrangement and depending on the scope of the work, I am willing to perform administrative and basic HR duties.