Basic Bookkeeping involves the recording of financial transactions by an individual or organisation. It is a legal requirement to keep records that are accurate and true for a period of at least 5 years from the date that the documents were prepared, obtained or the transaction completed, whichever occurs the latest.
Being compliant on this front can be a very time consuming process and causes many headaches for small and medium business in South Africa.
ZE Financial Services administrators are able to provide bookkeeping services that will free you to focus on the operational side of your business.
Basic bookkeeping services include:
- Bank Reconciliations – compare your internal records with bank statements in order to identify and rectify any discrepancies
- Profit & Loss Statements – generated monthly and/or annually that reports the earnings of a business by stating all relevant income and all expenses that have been incurred to generate that income. Also referred to as an Income Statement.
- Cash Flow Management – manage your cash flow to ensure you have cash when you need it. This is the most critical aspect of business.
- Financial Reporting & Analysis – key information about the financial state of your business into language you can understand.
- Accounts Payable & Receivable – identify money you owe suppliers and money that is owed to you by your customers.
- End of financial year processes – take away all the pressure associated with ensuring your books are ready for the end of financial year.
- Budgeting – forecast your income and expenditure in order to identify how much you can afford to dedicate to particular expenses.
Bookkeeping & Management Accounting
Bookkeeping and Management Accounting Solutions provides you with the option to outsource some or all aspects of your accounting requirements. One of our directors would be pleased to contact you to explain the services in detail. You remain in control of your business and choose which of the following services you require.
Range of Accounting Services to choose from includes:
- Accounts preparation
- Management Information
- Bank Reconciliations
- Debtors (Sales) Ledger
- General Ledger
- Budgeting and Cash flow
- Electronic Transmission of Information
- Payroll Administration
- Creditors Ledger
- Graphical Analysis of information
- VAT Returns and VAT Audits
- PAYE, UIF, SDL and other statutory returns
Why a Bookkeeping Service may be of interest to you
We offer comprehensive computerised bookkeeping systems maintained by trained accounting staff. This local service could be performed either in your offices or ours. Outsourcing allows you to allocate more management time to run your business and increase profits rather than concentrate on this mundane albeit skilled and necessary function.
Why a Management Accounting Service may be of interest to you
A director or consultant, will review your financial information and provide relevant reports to help you run your business. This information may be provided by our local bookkeeping service or form records you maintain yourself. The cost of this expertise would be a small fraction of the true cost of employing somebody of equal experience.
Why ZE Financial Services Accounting
Accurate financial accounting and reporting is crucial to any organisation’s stability, financial health and long-term success. Accurate Profit and Loss Statements, Balance Sheets, Statements of Cash flow, Financial Statements and Ratio Analysis are the essential tools of successful financial control. They’re also the starting point for improvement in financial performance, and the yardstick for measuring it.
And because one of ZE Financial Services’ fundamental philosophies is “constant improvement”, these elements of adept accounting direct us in helping you boost your profit performance, now and into the future.
When you establish a working relationship with our Accounting division, it won’t be long before your business begins to reap the benefits of both improved focus and performance, as well as good basic accounting practice.
Our objective – first and foremost – is to help you make smart, informed decisions in all areas of financial management, and to provide you with the highest quality tools to do so.
Your accountant is one of the most important service providers to your business. As a responsible business owner, you should demand from your accounting firm, the right financial advice. Your accountant should have the experience, expertise and deliver great service. Not all accounting firms are the same. In fact the financial advice and service levels between accounting firms varies significantly.
If you are a business owner, your accountant should be able to provide you with business advice tailored to your specific financial needs and business structure(s). Having an accountant with the experience and know-how to help you and your business grow strategically into the future is a great advantage. The right accountant helping you with your accounting needs is a necessity for any individual or business today. Your financial outcomes can be impacted by the accounting advice you receive, so make sure that you make the right choice for you and your business.
Thriving in business can be a challenge. The last thing you need is to get accounting and financial advice that is for your business. The wrong advice can not only cost you time and money, but it can set you back in your financial goal-setting.
If you are currently using a bookkeeper, accountant, business accountant, financial planner or financial advisor and have doubts about the advice or assistance you’re receiving, please connect with ZE Financial Services with any questions or queries you may have and find out what a difference a proactive accounting firm can make to your business performance. At ZE Financial Services our experienced team of advisors are happy to listen and to help you plan for your personal and business growth for the future.