Financial statements

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12 months

Financial statements

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.

  • Annual Financial Statements - R5,500

    We compile financial statements for loan application from banks, investors, sponsors, etc. We also prepare financial statements for tenders, and business planning. Documents required to draft financial statements are bank statements, asset register, list of expenses, company liabilities, income/revenue, and invoices.

  • Our financial statements are prepared in accordance with the business’s public interest score (PIS).
  • We also act as Accounting Officers for Close Corporations, Trusts and Companies as prescribed in the Close Corporation and Companies Act.
  • Our accountants are registered members of South African Institute of Professional Accountants (SAIPA) and South African Institute of Business Accountants (SAIBA). Both these professional bodies are approved professional bodies to act as Accounting Officers for all Companies, Trusts, Sole Proprietors and Close Corporations
  • It is a legal requirement to submit as supporting documents, with your business tax return (ITR14) to SARS a signed off set of Financials.
  • As from July 2018 it will be compulsory to submit a signed set of Annual Financial Statements to CIPC when submitting your Annual Return.
  • Private or personal liability companies that are required to be audited by the Companies Act, 2008 or regulation 28, must file a copy of the latest approved Audited Financial Statements on the date that they file their annual return with the CIPC.
  • We retain the services of registered Auditors registered with South African Institute of Chartered Accountants (SAICA), should our clients require their Financial Statements to be Audited or qualified.
  • Financial Statements for a period of less than 12 months is also known as a set of Management Accounts. Some lending houses and banks only accept Annual Financial Statements is they are issued within 3 months of the business’s year end. Should the period be longer the bank or lending house may ask for Management Accounts and with this we can assist our clients.