Our Services

Bookkeeping

The Best Financial Consulting Pros. Call Us Today and Get it Done!

Want Your Books to be More Organized?

At The Books Consulting, our main aim is to make sure you have enough time to focus on the most critical areas of your business. Hence, we will do all the heavy lifting for you to get enough time to look for clients and meet their needs.

What is Bookkeeping?

Bookkeeping is the recording and classifying of business transactions. Our bookkeeping services will help you keep track of all that your business is up to financially. As a result, it will be easier to see what your business is spending and what it receives. 

Several tasks are carried out to ensure that your books are in order. For instance, a lot of information is entered in books, bookkeeping software, and ledgers, hence the name ‘bookkeeping.’ 

Initially, we would use daybooks, cashbooks, or journals to record transactions which would later be transferred to a ledger. 

Why You Need Our Bookkeeping Services as a Small Business in South Africa

There is a lot that goes into the successful running of a business. That is why you need everything organized to better picture what’s happening in your business financially. 

  • Here’s how bookkeeping can help shape your business:
  • You can quickly assess whether you are spending more money than you are getting
  • Books provide reliable financial information for all your planning and budgeting
  • You can see a cash crunch ahead of time, and you can avoid it.
  • You can uncover incorrect payments and even fraud easily
  • It will be easier to complete more accurate tax returns.   

 

The Books Consulting helps small businesses in South Africa organize their financial information and makes it easier to work with service providers like lenders. We also make it easier for investors and potential investors to get a clearer picture of your business.

What is Involved in Bookkeeping?

The most critical tasks in bookkeeping are recording and reconciliation. So let’s dive deeper into this.

Recording Transactions

All your sales need to be recorded. Traditionally, this was done by entering everything into a cash book. Some people would also use a spreadsheet. Nowadays, this is easier. Business owners can download sales data straight from the point-of-sale or invoicing software.

 

You need to record all your business-related purchases. Apart from that, you must also hold on to receipts and proof of purchase documents. These will come in handy if you plan to claim any expenses as a tax deduction. Again, these details can be entered into a spreadsheet. Fortunately, nowadays, these tasks are less tedious. You can simply automate them to stream each debit from your business bank account into your bookkeeping software.

Reconciliation of Transactions

Reconciliation is a process that involves regularly cross-referencing business books against bank statements. This is done to check whether the information you have in your books matches the balance in your bank account. If these details do not compare, you can then take time to try and find out the errors and discrepancies. This task is not easy. You will need to consider bank fees, interest payments, and deposits that haven’t appeared in your account. That’s where we come in. We will account for everything and ensure that your books make financial sense. 

 

We can do your bank reconciliations daily, weekly, or monthly. The frequency depends on the number of transactions that you handle. You are also required to do all your reconciliations before you submit tax returns.

Get the Books Consulting to Reconcile Your Transactions Today!

The sooner we work on reconciling your transactions, the sooner we can identify these errors and correct them. That’s why it’s better to do reconciliations often, so you don’t end up with a lot of work on your hands. You can learn more about how we can help you in our bank reconciliation guide. 

Other Small Business Bookkeeping Tasks

As your bookkeeper, we will also be responsible for:

  • Issuing invoices and making sure clients pay on time
  • Ensuring that you pay all your bills on time
  • Payroll (paying employees)

At The Books Consulting, we also provide several other services. For instance, we can help you with your:

  • Financial reports (profit-and-loss, balance sheets, cash flow reports)
  • Measurement of business performance.
  • Filing taxes

How the Books Consulting Can Help

Suppose you’re too busy to do the bookkeeping for your small business, as The Books Consulting can do it for you! We will let you pick from our different service packages depending on your budget. For a start, you can try out our basic bookkeeping at a modest cost. With time, you can then ladder up to more advanced services.  

 

Please email us at info@thebooksconsulting.co.za or call our office directly on +27 12 012 5831

Bookkeeping can be tedious and complex. The Good News Is, You Have Us On Standby.

Let’s Get Started

Ready To Make Leave Your Bookkeping to the Pros? Let’s Build this Your Company Together!

Share and Enjoy !

Shares
Shares