Our team strives for excellence ensuring that the public sector complies with national policies and procedures. Our qualified professionals provide a wide range of services in this area, including but not limited to:

• Preparation and review of Annual Financial Statements and supporting audit files.
• Compilation of Audit of Performance Information and assistance with preparation of POE Files and aligning of KPI to Annua.
• Performance Report Assistance with rectifying non-compliance matter.
• Audit query support that includes the compilation and monitoring of audit query corrective action plan.
• Reviewing and designing of Standard Operating Procedures (SOP), including finance and supply chain.
• Reviewing and designing of financial policies.
• Capturing and reconciliations of financial transactions from the first principle
• Revenue enhancement.
• Compilation and review of Asset Registers including Fixed Asset Registers and Investment Registers.

Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Financial reporting aims to track, analyze and report your business income. This helps you and any investors make informed decisions about how to manage the business. These reports examine resource usage and cash flow to assess the financial health of the business.

Given the significance of financial reports and analysis, we offer outsourced financial reporting solutions. Our comprehensive services ranges from accountancy, taxation, business consulting, financial analysis, and bookkeeping services among others.

We conform to GAAP, GRAP and IFRS for all forms of financial reporting and we are well-versed in accounting principles. With a client-first approach, we create financial reports specifically for you and offer monthly or ad hoc financial reports in accordance with your company’s needs. In addition, we can assist you in getting ready for an external audit and be supportive throughout the audit period.

We can perform an independent review on your financial statements. Depending on your business requirements, prior to performing the review we calculate your public interest score and determine if you qualify for an independent review or not.

What are Independent Reviews?

An Independent Review is a limited assurance engagement where the practitioner performs primarily inquiry and analytical procedures to obtain sufficient appropriate evidence as the basis for a conclusion on the financial statements as a whole, expressed in accordance with the requirements of ISRE 2400 (Revised). An Independent Review is performed by a practitioner who was not involved in the preparation of the financial statement. In terms of Regulation 29(4) an Independent Review of a company’s annual financial statements must be carried out:

• in the case of a company whose public interest score for the particular financial year was at least 100, by a registered auditor, or a member in good standing of a professional body that has been accredited in terms of section 33 of the Auditing Professions Act; or
• in the case of a company whose public interest score for the particular financial year was less than 100, by:
• a person contemplated in paragraph (a); or
• a person who is qualified to be appointed as an accounting officer of a close corporation in terms of section 60 (1), (2) and (4) of the Close Corporations Act, 1984 (Act No. 69 of 1984).

Independent reviews are not required for owner managed profit companies but can be performed voluntarily if the public interest score is less than 350 and the financial statements are independently compiled, or if the public interest score is less than 100. An independent review can also be performed voluntarily for CC’s but the cost versus benefit needs to be considered.

Starting up in business can be a daunting prospect, with budding entrepreneurs all too often left to fend for themselves.

We will help you to cut through the red-tape and support you at a crucial time in the life-cycle of your business.

Bring us your business ideas and we’ll help you to evaluate them in a constructive and realistic manner. We can also help you:

• Decide on the most suitable structure for your business – sole trader, partnership, or limited company
• Prepare a business plan, cashflow projections, budgets, and trading forecasts
• Assess your finance requirements
• Establish a good working relationship with your bank
• Complete any registration procedures with CIPC and SARS
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements

Let us relieve you of the time consuming process of administering payroll, allowing you to get on with what you do best – running your business.

Our comprehensive payroll service will alleviate you of this responsibility and ensure your business complies with the relevant legislation.

Clients of this service can expect to receive:

• Customized payslips
• Administration of taxes
• Completion of Employee Tax Certificate [IRP5/IT3(a)]
• Summaries and analyses of staff costs
• Administration of incentive schemes, bonuses, and termination payments
• Administration of pension schemes

Outsourced Accounting

Companies of all sizes rely on our expertise to manage their back office accounting and compliance requirements effectively. They include businesses in the SA, those investing in the SA and global organisations operating across multiple jurisdictions.

Our clients work with us to improve domestic and global finance, accounting, compliance and other procedures, providing better value for money and greater control over back office functions.

Whether you are an ambitious, entrepreneurial owner-managed businesses, a complex group or anything in between, you will have access to our experts across the SA and the wider technical resource of one of the leading consulting firms. You will receive a perfect balance of client service and technical support.

You can work with us on a full outsourced solution, interim support during busy periods, short term cover, month end support, or specific technical resource to assist with complex accounting matters alongside your teams.

Our Accounting Services

Our services are always geared to your specific needs and challenges. We can provide assistance on:

• Bank reconciliations
• Expense reporting
• Financial reporting
• Maintaining ledgers
• Preparation of forecasts and sensitivity analysis
• Processing month end journals
• Production of management accounts
• Treasury and bank operation
• Year-end reporting and preparation for audit

We provide technical advise on:

• Generally Recognized Accounting Practice (South Africa) (GRAP) Advisory and Compliance
• International Financial Reporting Standards (IFRS) Advisory and Compliance
• Accounting Opinions

The Companies Act places strict obligations on companies to submit the required documents according to deadlines. We can provide peace of mind, by taking the hard work off your hands.

Our Company Secretarial services include:

• Preparation and filing of statutory returns
• Preparation of minutes and resolutions
• Company searches
• Acting as your company’s Accounting Officer

We also offer fast and efficient company formation services in South Africa. We can help you choose a company name with our formation service and can carry out checks on your proposed name at CIPC to ensure availability and suitability of the name.

In addition, we can arrange the opening of a bank account along with the company registration, which can otherwise be a somewhat daunting experience without prior introduction.

• Verification of assets
• Identification of assets
• Componentizing of assets
• Condition assessment
• Economic useful life determination
• Remaining useful life estimation
• Valuation rates and assets
• Maintenance & Management Policies

We want to help improve your bottom line, not just tell you what it is!

From our extensive experience in dealing with clients across various sectors, we are familiar with different issues that may arise. We can therefore provide advice on a range of financial and business areas.

Areas where we can assist you include:

• Business start-up planning and advice
• Raising business finance
• Strategic planning
• Financial management
• Financial information systems
• Computer systems advice
• Cash flow forecasting, analysis and management
• Efficient billing and cash collection
• Long term plans for your business and your exit
• Business health check, including a bespoke profitability review
• Budget planning, review and variance analysis
• Free key improvement possibility report

…and much more.

Our culture is simply to serve our clients with a proactive system based on flexibility, quality and integrity, invariably identifying possible issues before they become problems.