We have Registered Tax Practitioners and offer clients Bookkeeping and Accounting services with the oversight of a CPA (Certified Public Accountant).
This will allow business owners to not only save money over inhouse accounting and ensure their compliance with Tax Laws, but to make valuable and sound management decisions. We have a commitment to quality, integrity and personal service. Our management team has substantial expertise and we offer cost-effective services. We like to proud ourselves in our quality of services, which is improved by the attention given to each client. We constantly interact with our clients and coupled with our accounting, tax and financial services, enabling us to give sound and accurate financial data which can be used to make business decisions with ease. We have a diverse clientele.
Definition of Accounting
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analysing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position and cash flows.
How Accounting Works
Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.
What is accounting?
Accounting is a profession whose core responsibility is to help businesses maintain accurate and timely records of their finances. Accountants are esponsible for maintaining records of a company’s daily transactions and compiling those transactions into financial statements such as the balance sheet, income statement, and statement of cashflows. Accountants also provide other services, such as performing periodic audits or preparing ad-hoc management reports.
What skills are required for accounting?
Accountants hail from a wide variety of backgrounds. However, attention to detail is a key component in accountancy since accountants must be able to diagnose and correct subtle errors or discrepancies in a company’s accounts. The ability to think logically is also essential, to help with problem-solving. Mathematical skills are helpful but are less important than in previous generations due to the wide availability of computers and calculators.
Why is accounting important for investors?
The work performed by accountants is at the heart of modern financial markets. Without accounting, investors would be unable to rely on timely or accurate financial information, and companies’ managements would lack the transparency needed to manage risks or plan projects. Regulators also rely on accountants for critical functions such as providing auditors’ reports & opinions on companies’ annual SARS filings. In short, although accounting is sometimes overlooked, it is absolutely critical for the smooth functioning of modern-day finance.