How Bookkeeping Works
Keeping your financial records accurate and organised is simple with Action Accounts. Here’s how we handle bookkeeping for your business:
Gather Financial Records
Provide invoices, receipts, bank statements, and other financial documents relevant to your business.
Record Transactions
We accurately record all transactions in your bookkeeping system, categorising income and expenses correctly.
Reconcile Accounts
We reconcile bank accounts, credit cards, and supplier accounts to ensure your financial records are accurate.
Generate Reports
We prepare monthly/quarterly financial statements, cash flow summaries, and management reports for informed decision-making.
Ongoing Support
Continuous bookkeeping updates and advice to keep your business finances organised and compliant with SARS regulations.
What We Will Need for Bookkeeping
To ensure accurate and compliant bookkeeping for your business, please prepare the following e-documents:
1. Bank Statements
Provide all business bank account statements for the period you want us to manage. Include current and previous statements for reconciliation.
2. Sales Records
Copies of all invoices, receipts, and other sales records to track income accurately.
3. Purchase & Expense Records
Provide all receipts, purchase orders, and proof of expenses related to your business operations.
4. Payroll & Employee Details (If Applicable)
Details of salaries, PAYE deductions, UIF contributions, and employee benefits to maintain payroll accuracy.
5. Business Registration Documents
A copy of your company registration documents from CIPC, including registration number and certificate of incorporation.
6. Supporting Documents
Any additional documents affecting your business finances, such as loans, contracts, agreements, or investment records.
Important: All documents must be scanned clearly and uploaded in PDF or JPEG format. Confidential financial information will be handled securely and in compliance with South African laws.
Compliance with South African Accounting Standards
All the requested documents ensure accurate bookkeeping and compliance with SARS regulations and generally accepted accounting principles in South Africa.