combined power of computer programming
with accounting and tax
With our system you get:
- statutory financial statements on a
monthly basis, instead of an annual basis.
- in addition, you get monthly management accounts, with month to
month comparisons, as well as year to date summaries
- you get a monthly graphical trend analysis of your business as
well as an analysis of important ratios to assess the solvency,
liquidity and growth of the business
- your VAT ties in to your AFS on a month to month basis, so no need
for complex reconciliations, and you know in advance your VAT
liability
- each month, you know the build-up to your annual tax liability, so
you are not surprised on assessment. Furthermore you will have more
accurate estimates to comply with the rules of provisional taxes, to
avoid being caught in the new penalty system introduced by SARS
speed of our accounting system
The accounting system we use has been internally
generated, and this software will not be sold in the open market, as
it is our intellectual property, and it is what differentiates us
from the rest of the accounting profession in terms of
cost-effectiveness and efficiency in generating your financial
reports. The following are some of the advantages of this system
which no other accounting system has produced to date:
- fixed assets and depreciation calculations are automatically
calculated monthly and journalised
- automatic amortisation tables and finance charges, journals
entries and transfers to current portion
- automated opening balance entries
- the tax calculation is done automatically on a monthly basis, and
is functional for different types of tax entities such as small
business tax rates, normal tax rates, NPO's, Microbusiness tax
rates, Trust tax rates and so on, and it is functional for different
tax years
- transactions with similar descriptions can be automatically coded
to a respective account, thereby speeding up account allocation time
- transaction data can be downloaded from your bank accounts
straight into the system
- monthly trial balances, vat reports and general ledgers with clear
VAT audit trails, together with debtors and creditors ledgers are
generated from multiple bank accounts, petty cash journals, sales
and purchases journals.
- whatever the type of your business, whether service,
manufacturing, close corporation, company, property investment,
trust, sole proprietor, and so on, our statutory financial
statements are prepared in GAAP in under 5 seconds, based on the
data on hand, including a fully balanced cash flow statement,
updated notes, comparatives can be hidden or displayed, working
paper references can be hidden or displayed, intelligent wordings
are chosen for notes that require no further editing for word
descriptions, page numbering, note numbering or page breaks.
- our payroll software is even easier to use, and there are
unlimited employees, and are operational for different years' tax
rates.
Efficiency and innovation is what we thrive in for our business, and
this is what makes us successful and different in our market. We
want our efficiency and innovation to spread to your business,
because we want you to be the best in your market too.