Monthly Accounting
Services in South Africa

An Accounting Service is a professional service that helps businesses track their financial transactions, manage their cash flow, and comply with tax laws. Accounting services can include a variety of tasks, such as bookkeeping, tax preparation, financial planning, and accounting consultation.

In South Africa, it is important to stay up to date with your monthly accounting and ensure that your company complies with SARS at all times.

A Tax Accountant is a professional who specialises in preparing and filing tax returns. A bookkeeper is a professional who tracks a company’s financial transactions and prepares financial statements. Both Tax Accountants and Bookkeepers play important roles in helping businesses manage their finances, but they have different areas of expertise.

Accounting is the process of recording, summarising, and reporting financial transactions.

Tax is the money that businesses and individuals pay to the government.

Accounting provides the information that is needed to prepare Tax Returns, but Tax Preparation is just one aspect of accounting.

Accounting and Tax are closely related, but they are two different things.

Tax services are focused on helping you prepare and file your tax returns.

Accounting services are more comprehensive and cover a wider range of financial tasks, such as bookkeeping, financial reporting, and financial planning.

As an SME in South Africa it is important to have a comprehensive service that covers both Tax and Accounting.

There are many reasons why you might need Accounting Services.

Some of the most common reasons include:

To save time and money: Accounting can be a complex and time-consuming task. By outsourcing your accounting to a professional, you can save yourself time and money.

To get expert advice: Accountants are trained to understand and interpret financial information. They can provide you with expert advice on how to manage your finances, make sound financial decisions, and comply with SARS Tax laws and regulations.

To ensure monthly control: Using professional Accounting Services in South Africa, ensures your accounting is up to date each month and your annual and seasonal tax submissions remain compliant at SARS.

To grow your business: Accountants can help you develop and implement financial strategies to help your business grow and succeed.

We also created this educational article about the differences between accounting services compared to doing it yourself.

There are a variety of accounting packages available for small businesses in South Africa. Some of the most popular packages include:

• SmartEdge (Free with our Accounting): SmartEdge is a completely functional accounting software that offers end-to-end Windows solutions. This is a comprehensive and reasonably priced solution for small and startup businesses.
• Sage One: Sage One is a cloud-based accounting software that is easy to use and affordable. It is a good option for small businesses that are just getting started.
• Xero: Xero is another cloud-based accounting software that is popular with small businesses. It is more powerful than Sage One, but it is also more expensive.
• QuickBooks Online: QuickBooks Online is a popular accounting software that is available for both desktop and mobile devices. It is a good option for small businesses that need a more robust accounting solution.

Also consider your monthly payroll services when investigating accounting software.

You can also try our new accounting calculator to determine your monthly accounting package.

The cost of bookkeeping services in South Africa varies depending on the size and complexity of your business.

SMEs can expect to pay between R500 and R20,000 per month for basic bookkeeping services in South Africa.

Use our Accounting Calculator to get a quotation for your accounting needs.

Accounting services packages are a bundle of accounting services that are offered at a fixed price. This can include a variety of services, such as bookkeeping, tax preparation, financial reporting, and accounting consultation.

Accounting services packages are a good option for businesses that are looking for a comprehensive company accounting solution at a predictable price.

There are a variety of accounting services packages available, tailored to the needs of businesses of all sizes and industries. Some common accounting services packages include:

• Start-up packages: These packages are designed for new businesses and typically include basic bookkeeping and tax preparation services. View our Basic Monthly Accounting Service starting at R1990. 
• Growth packages: These packages are designed for businesses that are growing and need more comprehensive accounting services, such as financial reporting and accounting consultation.
• Enterprise packages: These packages are designed for large businesses with complex accounting needs.

Need a custom Accounting Service Package? 

Signup for a FREE Accounting Consultation with our Accounting Specialist today!

Accounting consultation is a service that provides businesses with expert advice on their finances.

Overall, accounting consultation can provide small businesses with a number of benefits, including:

To gain insights into financial performance: Accounting consultants can help small businesses track their financial performance over time and identify areas where they can improve. This information can be used to make better financial decisions and allocate resources more efficiently.

To develop financial strategies: Accounting consultants can help small businesses develop financial strategies to achieve their business goals. This may include developing budgets, forecasting cash flow, and identifying potential sources of funding.

To obtain expert advice: Accounting consultants have a deep understanding of financial matters and can provide expert advice on a wide range of topics, such as tax planning, budgeting, and financial reporting. This advice can be invaluable to small businesses, especially those that do not have the in-house expertise to handle these tasks.

Signup for a FREE Accounting Consultation with our Accounting Specialist today!

Find out why Elisheba Security and Cleaning Services has signed up for more than 20 of our services.

We also offer Accountants who require Compliance services access to our Exclusive Accounting Firms Service Offering. You can find out more about our Exclusive Service Offering here.

Company Partners offers more than 120 compliance services which complement accounting services, such as Annual Returns at the CIPC, IRP 6 Company Tax Returns and Beneficial Ownership submissions.

Company Partners offers a stress-free way to handle your Tax Backlog with SARS. First, we look at your tax situation to see if there are any taxes or returns that are still due. After that, we make a custom plan to resolve your backlog. We offer optional accounting services and a unique monthly maintenance plan to keep you up to date and in line in the future if you need ongoing help.

We provide frequent insights into accounting topics such as how the budget speech impacts your SME.

Click here to View our Tax Backlog Review Service.