Financial and Management Accounting
Finance functions fall behind for ordinary reasons: a resignation, a system migration, a year that simply got busy. We take on as much or as little of the function as you need, from processing through to a signed set of annual financial statements, and hand it back in better order than we found it.
Processing, reconciliation and a monthly pack that arrives when it is supposed to. We agree a close calendar and work to it, so the board sees numbers while they are still useful instead of six weeks later.
- Transaction processing and general ledger
- Bank, debtor and creditor reconciliations
- Monthly management pack to an agreed calendar
- Review meetings with management
Preparation under IFRS, IFRS for SMEs or GRAP, in a format built to survive audit. We assemble the supporting file alongside the statements, since that file usually determines how long the audit takes.
- IFRS, IFRS for SMEs and GRAP preparation
- Supporting audit file assembly
- Prior year restatements and comparatives
- Liaison with the appointed auditors
Reporting that answers management questions rather than statutory ones. Segment profitability, cost behaviour and variance analysis against a budget built from operational assumptions instead of last year plus inflation.
- Budget preparation and modelling
- Variance analysis and commentary
- Segment and cost centre reporting
- Cash flow forecasting
Payroll processing together with the statutory submissions that come with it. Confidentiality is usually the reason clients move this outside the organisation, and we structure the engagement accordingly.
- Monthly payroll processing
- PAYE, UIF and SDL submissions
- IRP5 and reconciliation submissions
- Leave and benefit administration
Asset registers drift out of agreement with the ledger and then attract findings. We rebuild the register, verify it physically, and put a process in place that records additions and disposals as they happen.
- Asset register construction and clean up
- Physical verification and tagging
- Depreciation review and componentisation
- Reconciliation to the general ledger
