- 0731529043
- 0824528595
- wayne@accountingallies.co.za
- gillian@accountingallies.co.za
- 0731529043
- 0824528595
- wayne@accountingallies.co.za
- gillian@accountingallies.co.za
Bookkeeping and Accounting Services Offered
Full scope accounting including, but not limited to:
General Ledger and Cashbooks
Daily balancing and reconciling of bank accounts
Monthly reconciliations and cross checking of all general ledger control accounts
Accounts Receivable
Sending credit application form to all new prospective customers (30-day accounts)
Sending customer info form to all prospective C.O.D customers
Credit vetting of new applications
Opening of customers’ accounts on Sage 1 accounting system
Receipting of all customer payments
Processing of quotations and / or invoices
Sending out monthly statements
Following up of all outstanding debt that is out of terms
Accounts Payable
Completing all supplier credit application forms
Opening supplier accounts on Sage 1 accounting system
Receiving all supplier statements monthly
Reconciling all monthly supplier accounts
Submitting supplier payments when due
Payroll
Loading all employees on payroll system
Apply for Income Tax numbers for all staff that do not yet have one
Processing weekly / monthly payroll
Prepare payslips and mail to employees
Submit salary / wage payments when due
Statutory Obligations and tax matters
Register the Company for PAYE if not already completed
Submit the monthly payment of PAYE / UIF / SDL to SARS by due date
Register the Company for Vat if not already completed
Register the Company on the SARS E-Filing platform to electronically submit returns
Submit monthly EMP201 return to SARS by 7th of each month
Submit monthly EMP201 return to SARS by 7th of each month
Register the Company on the SARS E-Filing platform to electronically submit returns
Register the Company for Vat if not already completed
Submit monthly / bimonthly VAT returns to SARS
If payment due submit the payment to SARS by due date
If a refund due, then follow up with SARS to ensure payments is received.
Process and submit IRP5 certificates for all employees to SARS biannually
Complete EMP501 return to SARS biannually
Ensure that provisional tax returns are submitted to SARS August and February every year
Ensure that year end obligations with regards to income tax returns are submitted to SARS annually by due date
Submit any Income Tax payments due to SARS by due date.
All liaison with tax authorities undertaken on your behalf
Ensure that year end obligations with regards to income tax returns are submitted to SARS annually by due date
Submit any Income Tax payments due to SARS by due date.
All liaison with tax authorities undertaken on your behalf
Fixed Assets
Maintain a fixed asset register
Update all addition and / or disposals monthly
Apply depreciation and wear and tear calculations monthly
Raise monthly depreciation in the set of books
Ensure all costs and accumulated depreciation reconcile to the GL monthly
Stock
Once the Company starts to hold stock – set up a warehouse on Sage accounting system
Process purchase orders for all stock ordered
Process goods received vouchers for all stock received
Set up perpetual stock on Sage Accounting system
Monthly stock takes to be performed
Any discrepancies to be investigated and rectified
Stock costs to be thoroughly calculated to ensure desired GP percentages are maintained
GP’s to be checked monthly and any shifts from expectations to be investigated and rectified
Stock costs to be thoroughly calculated to ensure desired GP percentages are maintained
GP’s to be checked monthly and any shifts from expectations to be investigated and rectified
Year End
Appoint auditors to perform year end duties and submissions
Work hand in hand with auditors ensuring a smooth year end process
Management Packs
Produce management accounts monthly
Raise any concerns based on management accounts
Discussions surrounding these concerns and implement changes to rectify any issues.
All day-to-day bookkeeping and accounting functions to maintain accurate, compliant records and efficiently run the accounting
