Services for South Africa

Bookkeeping & Accounting:

• Daily transaction recording (sales, purchases, expenses).
• Bank, AR, and AP reconciliations.
• Monthly/quarterly management accounts.
• Accounting software: Pastel, Xero, QuickBooks, Sage, and SAP for larger companies. 
  

VAT Compliance:

• VAT registration & filing with South African Revenue Service (SARS).
• Reconciling input and output VAT.
• Supporting VAT audits and corrections.

Payroll Processing:

• Payroll calculation & payslip generation.
• Statutory deductions: PAYE (Pay As You Earn), UIF (Unemployment Insurance Fund), SDL (Skills Development Levy).
• Filing payroll reports with SARS.

Year-End Accounts & Audit Support:

• Drafting annual financial statements under IFRS / SA GAAP.
• Preparing audit schedules: AR/AP, fixed assets, bank reconciliations.
• Liaising with local auditors.

Tax Compliance:

• Corporate Income Tax (CIT) return preparation & filing.
• Personal Income Tax (ITR) support for directors & employees.
• Provisional tax computations.
• Assistance with SARS queries and audits.

Accounts Payable & Receivable:

• Vendor invoice entry & reconciliation.
• Customer invoicing & follow-ups.
• Payment scheduling & reporting.

Regulatory & Compliance Support:

• Maintaining statutory registers (shareholders, directors).
• Filing annual returns with Companies and Intellectual Property Commission (CIPC).
• Support for compliance with B-BBEE (Broad-Based Black Economic Empowerment) reporting if required.

Virtual CFO & Advisory:

• Budgeting, forecasting, and MIS dashboards.
• Cash flow management.
• Advisory on tax planning, cost control, and business structuring.