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.
We offer various financial accounting services such as :
- Preparation of Annual Financial Statements in terms of GAAP, IFRS for SME and IFRS.
- Preparation and compilation of accounting records
- Preparation and submission of SARS administration (PAYE & UIF, VAT, STC etc)
- Outsourcing of payroll function up to EMP201
- Bi-Annual PAYE reconciliations
- Monthly bookkeeping
- Management reports
- Cash-flow forecasts
- Budget preparation
- Initial set-up of accounting system
- Pastel accounting training (outsourced)
- Evaluation of Internal control and recommendations
At AB Aboo and Company, we strive to provide affordable services.
Your source documents are captured in Sage Pastel Partner. Once all source documents have been captured, we will furnish financial reports to the client for their perusal.
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. This includes a statement of income, statement of changes in net worth and a balance sheet. It also often includes a cash flow statement. These elements should be tracked on a monthly basis for the most accurate reporting.
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. The Annual Financial Statements are required for any submission to SARS with your company / close corporation ITR14 tax return. We also offer Payroll Services.
At AB Aboo and Company, we specialize in accounting. We provide accounting services to all entities, including Trusts and Non-profit organizations.
We are the best at corporate accounting service and we guarantee that your organization will receive professional bookkeeping and accounting services in all areas of our service provision. Your company’s accounting needs are guaranteed to stay satisfied to your highest care.
Our monthly accounting packages include the following:
– Accounting system setup for new businesses
– Annual Financial Statements in accordance with IFRS and IFRS for SME’s
– Assist with the supervision and training of client staff
– Assisting with drawing up budgets and cashflow projections
– Attend to the compilation of an audit file for the external auditor
– Bookkeeping services (monthly/quarterly/annual)
– Completion of management financial statements and monthly meetings -with clients
– Completion of management financial statements and monthly meetings with clients
– Employee tax registration and completion and submission of employee tax returns
– Our accounting packages are tailor-made to suit your company requirements.
– Periodic reviews of clients’ staff accounting work
– VAT registration and completion and submission of VAT returns
