Preparation of Financial Statements

If you have been applying for COVID19 Funding – You may have been asked for Annual Financial Statements (AFS). AFS are a summary of the company performance based on the movement of cash inflows and outflows, and any related capital expenditure or debt / director equity of a business. This information is particularly important to anyone wanting to give credit to a business, and to SARS should your turnover exceed certain income levels. We aid in the preparation of Financial Statements.

We prepare financial statement in accordance with the latest accounting standards used in South Africa, they include:

  • International Financial Reporting Standards for Small and Medium-sized entities (IFRS for SME’s)
  • Standard of Generally Recognised Accounting Practice (GRAP)
  • International Financial Reporting Standards (IFRS)
  • South African Standards of Generally Accepted Accounting Practice (SA GAAP)

In order to assist entrepreneurs during COVID19 – we have reduced our prices as follows:

Companies with Turnover RO – R1million – AFS Cost R2000

Companies with Turnover R1mil – R5million – AFS Cost R3500

Companies with Turnover R5mil – R10million – AFS Cost R5500

Documents required for 2020 Financial Year:

  • Bank Statements from 1 March 2019 to 28 Feb 2020
  • 2019 AFS
  • Statements of all Loan Accounts and Assets of Business
  • Asset Register

To request service – you can email