Financial Reporting
How do our solutions and services provide relief and benefit to our clients?
Procon Business Consultants has been involved in the drafting of Financial statements for leading companies in. Our financial reporting services include the preparation of full statutory financial statements which are in accordance with IFRS for SMEs, Full IFRS and GRAAP. We always make sure that all the reporting that we perform is in accordance with the stated standards and your requirements. We always ensure that we maintain complete confidentiality of all your information.
What we offer under this service
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Monthly Management Accounts
Management accounts are always a requirement from most lending institutions in South Africa. Even the SOuth african Revenue services, may, from time to time request the latest set of management accounts from your company. We prepare your monthly management accounts in compliance with IFRS for SMEs or for some of our Clients, Full IFRS. You will receive your manaccs within days from your cut-off month end close date.
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Year End Accounts
We are accredited to provide annual year end Financial statements and Independent Reviews. The Companies ACT No. 71 of 2008 removed the compulsory obligation for private companies to be audited. Certain thresholds have to be met in order for companies to be required to be audited. The Public Interest Score will assist in determining whether an audit is required or not. Let us help you with your year end reporting obligations.
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Customised Financial Reports
Our signed up clients receive customised financial reports from us upon request. These customised reports may include template designs for your cashups, inventory count and various reconciliations that you need as the Director inorder for you to maintain effective control over the operations of your company. You can opt to get these reports per week, per month or even on a daily basis, depending on the package you have selected.
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Cash Flow Reports
Our team will help you by preparing cash flow budgets and projections to help improve your cash management. You do not want to become non compliant with SARS on the basis of cash flow constraints as this will lead to penalties and interest and even more cash flow problems. Our reports allow you to be aware of what needs to be paid, when it needs to be paid as providing a view of projected future inflows, well in advance.
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Bookkeeping services
Our bookkeeping services include general bookkeeping, reconciliation of accounts, preparation of financial statements, analysis of inventory recording and much more. This bookkeeping also helps with the overall process of financial reporting and finally business decision-making
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Sounding Board
We also function as a sounding board and can advise on the accounting, tax and financial reporting implications of all your proposed transactions before you actually undertake them. Our clients can call us and set up an appointment to discuss their challenges and plans for their companies. We also hold monthly management meetings to go over the management accounts for the preceding month. Let us assist you in your business planning.
Our Services
Our accountants work hard to provide you with complete, accurate and timeous financial reports so that you can make sound and responsible decisions. Our services include:
Why Outsource to Us Instead of Doing It Yourself
Financial reporting is one of the most crucial tasks that an organization must perform. By accurately reporting and analyzing the financial data of a company, you can understand the financial health of your business. This is an important endeavour which enables you to make financially sound decisions in important business matters. While you can do this on your own, getting help from experts is always a good idea.
If you are outsourcing your financial reporting to us, you can save time, your work will be done by financial dedicated consultants who understand the nitty-gritty of financial reporting and can make appropriate adjustments in your reports. Further, you will also save money that you would have needed to spend on financial reporting software. With better and more comprehensive reports, you will also be able to make smarter and more efficient business decisions. We ensure that all your accounts and reports are in full compliance with the submission requirements of SARS. /p>
Why Choose Us
When you partner with Procon Consultants, you are choosing the financial health of your business by getting premium quality financial and accounting services at highly affordable prices
Fixed and Competitive Fees
- We are mindful of the fact that the cost of taking on our accounting services should not be greater than the benefit derived.
- Furthermore, we undertand that in business, knowing the total costs upfront is important before you commit to a product or service.
- The fee we quote for our accounting services, payroll services or bookkeeping services is the fee that you will pay.
- We always provide a fixed fee quote in advance of doing any work so that you know what you are paying.
- We have come up with a fee policy that aligns the fees charged with the size and scope of the work involved.
Online Accounts
- We use the lastest online accounting software and technology to prepare your books, to manage the statutory deadlines, and to give you complete and accurate financial reports. The use of technology in our processes enables us to work in real time with our clients on their accounting and tax matters.
Swift response time
- We will deal promptly with all emails and/or phone calls. We also aim to have draft accounts available within the agreed upon time after all the information has been supplied to us.
Client Testimonials
All the clients that have worked with us only have good things to say about us. Find out what some of our recent clients think about their experience with us:
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I contacted Proconconsulting with regards to company registrations. The companies were registered within a few days and I was kept informed of the status and progress along the way. Victor provided me with a personalized service, which made an already daunting experience of being a first time business owner so much easier. I am a happy client and I highly recommend Proconconsulting.
Director Tessa’s Design Studio
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When I initially started my journey as a small business owner, managing my finances felt like quite a daunting task. My decision to work with Victor was the best choice for my business. Not only was he able to professionally cater to my business’ current needs, but I am confident that his accounting services will cater to the business’ needs as it grows.
Director Director Muh & Mudh (Pty) Ltd
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Quality work delivered in a timely manner?
A very insightful and a knowledgeable team offering a wholesome accounting product including tax and payroll?
Look no further for your accounting, tax and payroll services they are good at what they do.
Oscar Whacha Ca(sa) Ernst & young southampton uk
Contact Procon Business Consultants to discuss how we can help your Sole trader business
Lorem Ipsum is simply dummy text of the printing and typesettinPartners We Work With
Since we have started Procon Consulting, we have become the go-to name for many of our partners. Some of our better-known partners include:
