Capture data from documents or original entry
from both electronic, cloud-based and/or hard-copy original documents.
Standard processing auditing marks used.
Any filing system used as preferred for the project.
Subsidiary Books Including but not limited to:
Debtors and creditors
Long and short term assets
Analysis of all transaction types
AND BASIC ACCOUNTING
VAT audit, recons and preparation
Processing and audits prompting corrections may be required
due to incorrect VAT allocations, omissions, etc.
Physical Cash Transactions – Cash Book processing and reconciliations
Capturing and analyzing all data for physical cash transactions
such as sales and cash deposits/withdrawals.
P.O.S. Analyzing, auditing, processing and reconciliations
Ensuring accurate data in General Ledgers.
General Ledger Reconciliations
Reconcile all ledgers monthly, quarterly or annually as required
with supporting spreadsheets or working papers where required.
Bank Statement Reconciliations
Accurate recon of bank statements including creditor/debtor
and loan account recons related to bank entries.
Salaries and Wages Analysis
Full detailed analysis for any staff time
including permanent, temporary, casual, performance-based, etc
Reconciliations with adjustment journals where required.
Extended reconciliations for
benefits, bonuses, staff expense claims, staff loans,
UIF, SDL, PAYE, IT3, IRP5 etc.
Fixed Asset Registers
Analyzing, audits, correction journals,
provisions for depreciation or appreciation, write-offs etc.
ACCOUNTS SOFTWARE SETUP
Chart of Accounts and Opening Balances setup for the new year e.g.
New business, new accounting system,
Existing business migrating to a new accounting system, or
Existing business data recovery project.
ANNUAL FINANCIAL REPORTS
Analyze and prepare annual financial reports including but not limited to:
Standard GL Audits
Profit & loss statements
AFS supporting working papers / schedules as required.
Cash flow statements
Budgets – Actual with comparisons
Business Plan Financial Forecasts – for finance applications or presentations
Supporting schedules for reports
Business tax forms (working with tax practitioner)
Supporting schedules for tax forms
Depreciation, appreciation, amortization and provision schedules
Periodic / AFS Journal adjustments as required.