Accounting

Accounting Services

Entrepreneurial

We at Equity Bay Accountants offers a broad array of accounting and bookkeeping services over a wide spectrum of industries.

We help businesses achieve their financial goals – ultimately saving them valuable time and money. Our accounting professionals work to provide tailor made accounting solutions for small, medium and large enterprises to facilitate and enhance their financial growth. Our flexible approach allows our accounting services team to provide seamless integration with our clients and their businesses.

Full range of services includes:

  • Monthly Bookkeeping
  • Calculation, completion and submission of Income tax, VAT, PAYE, UIF, and SDL
  • Review and analysis of Annual Financial Statements for individuals, Partnership, Companies, Close Corporations and Trusts
  • Monthly preparation of management reports
  • Compilation of Annual Financial Statements for Individuals, Partnership, Companies, Close Corporations and Trusts
  • Data Capturing

Other Services

Management Accounting

  • Management Accounts: We prepare monthly management accounts including the balance sheet and income statement as well as cash flow forecasts and month to month analysis.
  • Maintenance of accounting records: We maintain the customers’ accounting records on SAP Business One
  • Profit analysis: We will use our specialist knowledge to analyse and provide advice regarding the costings and profitability of the customers’ operations.
  • Cash flow forecasting: We will maintain detailed monthly cashflow forecasts.
  • Annual audit: We will maintain all documentation necessary for the annual audit and the audit will be conducted at our premises thereby not interrupting business at the customers’ premises.
  • VAT: Preparation and submission of VAT returns on SARS eFiling including payment.

Creditors

As part of the accounting function we include a dedicated creditor’s clerk who will manage your suppliers by raising invoices and reconciling your accounts in SAP as well as preparing weekly/monthly cash flow reports and loading supplier payments on your online banking profile. All you have to do is review your weekly/monthly cash flow reports and then authorise the payments that you have selected for payment.

Payroll

Obtaining all relevant information needed to prepare the payroll for the month. This involves the following:

  • Capturing overtime, loans, provident funds etc.
  • Capturing and processing garnishee orders and 3rd party payments.
  • Capturing leave taken and maintenance of leave records.
  • Annually provide IRP5/IT3 (a) for each employee.
  • Electronic transfer of salaries into your employees’ bank accounts.
  • Electronic submission of the EMP201.
  • Electronic submission of UIF records.
  • Integration with your accounting software to account for the salary cost in your accounting records.
  • Maintain detailed leave records.

Company Secretarial

  • We keep secretarial records on behalf of the client at our offices, ensuring updated records, giving you peace of mind that your company files are up to date and are compliant.
  • Formation of new companies, shelf companies, amendments and keeping of registers.
  • Ensuring that companies comply with the companies act.
  • Annual and regular lodgments with CIPCA.
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The new Companies Act 2008 has allowed for small to medium enterprises to select annual independent reviews instead of annual audits thus not only simplifying the process but also saving on costs. We have the necessary skills and expertise to provide this service.

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