Interested in learning more about bookkeeping, accounting, tax, and other requirements for your business?

LEARNING

Why Does a Small Business Need Financial Statements?

A common question we receive from many owners of micro and small businesses is why do they need financial statements if their business is so small. Read more..

Interesting financial ratios worth knowing

It is worth knowing the important financial ratios in your business, because, to be successful, a business must make money. It must make enough net profit to: Repay its debts, on time; Re-invest in more growth; Sustain operations, and Pay the owners enough to live their desired lifestyle. Read more..

Why are management accounts so important for small businesses?

Management accounts are a detailed look at your financial information that measures your business’s performance and business health and is usually prepared by a qualified accountant as soon as possible after the end of every month. Read more..

Tax and Tax Practitioners

As accountants, we get to see many small business owners that focus on “saving tax” more so than they do on actually making a profit. The irony is that income tax is payable on profit and the success of any business depends on its ability to earn profits every year. Read more..

What is Bookkeeping all About?

Traditionally, bookkeeping is the systematic recording or data capture from source documents of each and every financial transaction of a business into “various books of original entry” known as “subsidiary ledgers” which is then consolidated into the “main book” of account called a “general ledger” using a method called the double-entry system. Read more..

Bookkeeping as opposed to Accounting for Small Businesses

Is bookkeeping and accounting the same thing? Bookkeeping and accounting are poles apart despite obvious similarities where accounting can on occasion morph into bookkeeping. Essentially, they are closely linked because you cannot have one without the other. Read more..

Accounting Services for Small Businesses

What is accounting and why does it matter for small businesses? Where bookkeeping ends, accounting begins. Having said this, you can realise right away that there is a difference between bookkeeping and accounting. Read more..

Monthly Accounting Fees for Small Business in South Africa

If, as a business owner, managing your financial record keeping and staying on top of your tax and other compliance obligations is not an expense you want draining your bank account, you may be pressed to ask several accountants “what are the accounting fees for small business” or “what are accountant’s hourly rates in South Africa”? How much should monthly bookkeeping fees cost a small business? The answer is not as simple as it may seem. Read more..