MONTHLY ACCOUNTING AND BOOKKEEPING
At Steynberg Bookkeeping Services we know that running your business is a full-time job and that you don’t always have time or want to worry about your monthly accounting. We take of that for you, so that you can optimise your business growth.
We prepare your monthly accounts from various source documents such as customer invoices, supplier invoices and bank statements and provide you with a set of monthly management accounts. Your information is captured in Sage Pastel Partner. Once all source documents have been captured, we will furnish you with a full set of financial reports.
We believe that every client is different and therefore their needs are different and that’s why we tailor make a solution for each of our clients.
Contact us regarding solutions for your business.
ANNUAL FINANCIAL STATEMENTS
Once a year and/or at the clients request we – in conjunction with a set Auditing firm – compile a set of Annual Financial Statements, which is a report created annually that quantifiably describes the financial viability of any company. This includes a statement of income, statement of changes in net worth and a balance sheet. It also often includes a cash flow statement.
The Annual Financial Statements are prepared by our professional team of accountants and where determined by the public interest score (PIS) we retain the services of registered Auditors, that are registered members of South African Institute of Professional Accountants (SAIPA) as prescribed in the Companies Act.
Annual Financial Statements is a legal requirement and must comply with prescribed standards in accordance with the International Financial Reporting Standards (IFRS) or IFRS for SME’s. This is a worldwide reporting tool that enables third parties such as Banks and SARS to determine how well a business has performed over a period.
Financial statements are also a tool that the business owner can use to measure business performance. As a business owner you want to know if your business is making a profit and is solvent. All major banks and independent lenders would require Annual Financial Statements when they consider funding in the form of either and overdraft or a business loan which can be used to either expand your business or as short-term working capital.
All Annual Financial Statements are prepared on CaseWare which complies with all legal and statutory requirements as laid out by SARS and the Companies Act.
PAYROLL SERVICES
Managing staff is also one of the challenges that business owners are faced with. As well as keeping record of timesheets, leave taken and salaries. This can take up a tremendous amount of time and that’s why we offer professional payroll services.
We use Sage Pastel Payroll to calculate salaries or employee packages and to keep record of any leave taken. Sage Pastel Payroll allows us to be able to provide you with your monthly EMP201 report as well as your bi-annual EMP501 reports. The System generates IRP5’s at the end of the tax year.
Clients receive pre-printed confidential salary advises once the monthly or weekly salaries have been captured.
Pre-printed confidential salary advises are delivered to the client once a month when we collect or deliver the source documents. A day prior to the salary payday, the client will receive emailed salary advises that can be sent to staff with a protected password option.