Preparation of monthly/quarterly management accounts from trial balance in format required by the client
Monthly/quarterly management accounts are a set of abridged data that has been collected from a balance sheet, cash flow, and income statement which is collated and presented to the business’ management team. The report includes a Statement of Financial Position and a Statement of Financial Performance. The report gives a client the necessary information to assess their financial position and their financial performance. Through this, they are able to make an informed decision about strategies required for the business to take the next steps.
Company Secretarial Services
We understand the importance of corporate governance and the demands made on companies and directors and have over the years secured a network of information groups, ensuring that we are always well-informed of any changes to the law.
The Companies Act requires that statutory books and records be maintained within the parameters of the law.
Our service offering includes:
? Formation of private, public, external, private liability and non-profit companies ? Conversions of close corporations ? Maintenance of statutory records ? Submission of Annual Returns ? Amendments to and registration of statutory details ? Registered Office facility ? Voluntary liquidations
We maintain these books on your behalf and prepare the necessary documents for annual general meetings, board meeting minutes, resolutions to approve annual financial statements, proxy forms and shareholders' resolutions.
Preparation of annual financial statements to adhere to International Financial Reporting Standards
Financial statements are records required by legislation. They convey the financial performance as well as the business’ activities during a certain period of time as well as the results of its operations and cash flow for the specified period.
They need to conform with the International Financial Reporting Standard (IFRS) or International Financial Reporting Standard for Small and Medium Sized Entities (IFRS for SME’s) and are based upon appropriate accounting policies consistently applied and supported by reasonable, prudent judgements and estimates.
There are three fundamental financial statements: statement of financial position, statement of financial performance and cash flow statement. Together, the statements can assist an analyst with their forecast of a business’ performance. He/she will take into account the profitability, liquidity and solvency of a business.
Investors, market analysts, creditors and the South African Revenue Service usually require copies of these statements when evaluating the overall health of a business.
Inkwazi Accounting offers a variety of tax services including:
? Preparation and submission various tax returns
? Assistance with tax registration ? Liaison between you and SARS ? Tax advice to minimise tax liability within confines of the Law ? Application for tax clearance certificates ? Income tax guides
Services Provided
Work Focus