Essential Bookkeeping, Payroll and HR Services

We offer Essential Bookkeeping, Payroll and HR Services to SME’s.

We offer a turnkey bookkeeping, payroll and HR service to SME’s at competitive rates. Leave all your bookkeeping, payroll and HR to us so that you can focus on what you do best. We offer 11 Bookkeeping, Payroll and HR Services.

Essential Bookkeeping, Payroll and HR Services

1. Day to Day Management of Accounts

Essential Bookkeeping, Payroll and HR Services stay on top of your business’ accounts daily for all transactions. By keeping track of every sale or purchase and using software to do it all, it’s much easier for us to keep an eye on your cash flow. Plus, it saves plenty of data entry time.

2. Maintain Up-to-Date and Accurate Records

Essential Bookkeeping, Payroll and HR Services will make sure that all of your business records are up-to-date. Plus, it’ll be our job to flag up any inconsistencies between the books and your business accounts, making sure you resolve problems quickly.

3. Keep Businesses Aligned with Laws

Tax can be a sensitive area. One mistake and a dreaded letter from SARS can soon be on its way. That’s where Essential Bookkeeping, Payroll and HR Services come in, as we can help make sure your business stays aligned with the relevant laws. Remember, we are here to help and not cause more significant problems.

4.Keep You Prepared for Tax

Like the laws and regulations, tax deadlines are quite strict as well. Doing the books is usually never the priority for many small businesses, so deadlines can slip under the radar. To keep the taxman happy and stop you from paying any additional fines, Essential Bookkeeping, Payroll and HR Services will make sure your records are accurate, so you’re always prepared for tax.

5.Manage Bank Feeds

At a basic level, Essential Bookkeeping, Payroll and HR Services manage transactions brought in through software, like an app. Bank feeds, that link the software with your business bank account, allow you to see each transaction in real-time.

6. Handle Accounts Payable

It’s usually Essential Bookkeeping, Payroll and HR Services who make payments on behalf of your small business. This can include anything from payment of supplier invoices, petty cash and expenses.

7. Send Out Invoices and Manage Accounts Receivable

Another big responsibility of Essential Bookkeeping, Payroll and HR Services is that they prepare invoices and send them to your clients so you can receive payment on time. Managing the accounts receivable ledger is also likely to be done by a bookkeeper – as well as chasing up late payments so your records is always accurate.

8. Prepare Financial Statements

Essential Bookkeeping, Payroll and HR Services will also be responsible for preparing some significant financial statements for small businesses. These can include a profit and loss statement, balance sheet and cash flow statements. These financial reports show a business’s bottom line and operating expenses, the balance of assets and liabilities as well as the cash flowing in and out of the business.

9. Process Payroll

The services Essential Bookkeeping, Payroll and HR Services offer can vary. Some can fulfil payroll and other HR functions for small businesses. This can include assisting businesses with the processing of employees salaries and wage.

10. Deal with Foreign Currency Transactions

Essential Bookkeeping, Payroll and HR Services also make sure to maintain accurate foreign currency accounts, utilizing current exchange rates. This can be made much easier with compatible digital bookkeeping apps that can instantly analyze exchange rates without wasting much time.

11. Perform Stock take

For small businesses, Essential Bookkeeping, Payroll and HR Services also produce inventory reports by counting stock items. If there are any discrepancies, they report back to the business to make sure you can address problems quickly. It’s most commonly carried out at the end of a business’ financial year end with the figures featuring in reports such as profit and loss statements.

Get in contact with us for your Essential Bookkeeping, Payroll and HR Services

Leave all your bookkeeping, payroll and HR to us so that you can focus on what you do best.

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