Financial Accounting? It's Critical!
In many cases a single set of figures per annum is not sufficient for proper management accounting. In these cases clients are encouraged and advised to consider quarterly or even monthly management reports. This improves business efficiency and effectiveness in the current South African economic climate as well as in the marketplace where constant change is the norm.
Financial accounting is the process of recording, summarizing and reporting a company’s business transactions through financial statements. We perform financial accounting in accordance with generally accepted accounting principles (GAAP). The establishment of these accounting principles is to provide consistent information to investors, creditors, regulators, and tax authorities.
Accounting can be conducted on a monthly basis or any other required period. The firm specialises in reconciliation of general ledgers, creditors, debtors, fixed asset registers and compiling Annual Financial Statements. These accounting functions can be done for any type of business whether it is a sole trader, partnership, limited company, or any other type of entity.
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