![]() What is bookkeeping?īookkeeping consists of creating and maintaining an organization’s financial records. These bookkeeping tips and best practices will help your business improve its financial recordkeeping. With a budget, you are better equipped to plan for future expenses. 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.Īt the client’s request, we are also able to use the same software to structure staff salaries based on the company and staff member’s needs.Whether you are an independent contractor or a multinational corporation, bookkeeping is important to you. Pre-printed confidential salary advises are delivered to the client once a month when we collect or deliver the source documents. Some clients pay their salaries or wages weekly, every fortnight or monthly. ![]() We provide clients with the best payroll solution regardless of their salary structure. The figures captured are provided by the client on a spreadsheet monthly by the 25 th of the particular month. The system generates IRP5’s at the end of the tax year.Ĭlients receive pre-printed confidential salary advises once the monthly or weekly salaries have been captured. ![]() Sage One Payroll allows us to be able to provide you with your monthly EMP201 report as well as your bi-annual EMP501 reports. We use Sage One Payroll to calculate salaries or employee packages and to keep record of any leave taken. We believe that business owners should not be burdened by these tasks, so we offer you the solution. Keeping record of time sheet, leave taken and salaries can take up a tremendous amount of time. Managing staff is also one of the challenges that business owners are faced with. We aslo offer Payroll Services.Ĭompanies start of small and with hard work grow in such a way that they are soon able to employ staff. The Annual Financial Statements are required for any submission to SARS with your company / close corporation ITR14 tax return. 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. These elements should be tracked on a monthly basis for the most accurate reporting. It also often includes a cash flow statement. This includes a statement of income, statement of changes in net worth and a balance sheet. Once a year and/or at the clients request we compile a set of Annual Financial Statements, which is a report created annually that quantifiably describes the financial viability of any company. Once all source documents have been captured, we will furnish financial reports to the client for their perusal. Your source documents are captured in Sage Pastel Partner. Click here to get an idea of the cost of some of our services. We prepare from various source documents such as customer invoices, supplier invoices and bank statements a full set of management accounts on a regular monthly basis.Īt Shamu Bookkeeping, we strive to provide affordable services.
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