Financial statements are an essential aspect of any business, as they provide valuable insights into the financial performance and health of the company.

There are many reasons why you need financial statements:

Compliance: companies are required to file financial statements with regulatory authorities such as the South African Revenue Service (SARS) and the Companies and Intellectual Property Commission (CIPC).

Taxation: Financial statements are used to calculate income tax, corporate tax, and other taxes, and are required by SARS.

Funding applications: Financial statements are often required by banks and other financial institutions when businesses apply for loans or credit facilities.

Decision-making: Financial statements are crucial for decision-making by business owners, management, and investors as they provide an overview of the company’s financial performance, liquidity, and solvency.

Reporting to stakeholders: Financial statements are necessary for reporting to stakeholders such as shareholders, creditors, and regulatory bodies. They provide information about the financial position of the company and its ability to pay debts and meet obligations.

However, preparing these statements can be a complex and time-consuming process, especially for business owners who lack the necessary accounting expertise.

That’s where we come in. By enlisting our professional assistance, you can ensure that your financial statements are accurate, complete, and compliant with relevant accounting standards and legislation.

With our help, you can gain a deeper understanding of your company’s financial performance, identify areas for improvement, and make informed decisions that drive growth and success.

By outsourcing your financial statement preparation to us, you can save time and resources and focus on what matters most – running your business.

Deliverables: Financial statements which includes the Income Statement, Statement of Financial Position, Statement of Equity, Cash Flow Statement, and Notes to the Financial Statements

Turnaround time: varies depending on the load of work

How to order this service

To order this service, call or WhatsApp us at 081 435 4234 or write us an email at inquiries@nextgee.co.za for a quotation.