Professional Bookkeeping Services in Cape Town
You are here because you need a bookkeeper or an accountant in Milnerton (perhaps even the greater Cape Town area). Even though you narrowed your search to just one town, you are still drowning in choices. Who do you choose?
Who do you trust with your bookkeeping function?
When you entrust your financial matters to anyone, it needs to be with someone who will be around 5 years from now…even ten years from now. You need to have frank discussions about your transactions and pitfalls you encountered while feeling secure knowing that everything you say will be treated as highly confidential. You need someone that does not take shortcuts in completing your work. Someone that knows what they are doing, asks the relevant questions and produces the numbers you need to make informed decisions.
AGBS is that bookkeeping service provider – and we service the entire Cape Town and surrounding areas.
What is the difference between Bookkeeping and Accounting?
Let us be 100% clear. Often accountants do not distinguish between bookkeeping and accounting services. And it is a real shame. It causes business owners to believe that there is no difference between the two.
Bookkeeping is the first step in the entire accounting process. It is the mechanism by which we record your day-to-day transactions from your bank statements, filed invoices, etc. The way you do business impacts on the type of source documents that will be required to complete this process. Only experienced bookkeepers will have the know-how to ask the right questions upfront to ensure they use the correct source documents from the start. The last thing you need is for work to be redone because of some additional information that comes to light down the line.
Accounting, however, is the mechanism by which we make sense of the work done during the bookkeeping process. By extrapolating figures, summarizing them, allocating them to their correct groups, and ultimately compiling those figures into a working set of financial statements. We do this as well, but this is not what this page is about.
How frequently would you need a bookkeeping service?
This is completely up to the business owner. In a lot of cases, business owners with low turnover tend to know what they have done in the way sales, whether they made a profit or not, what they have spent on overhead expenses, etc. They will require a bookkeeping service once a year right before financial statements need to be produced. Most of our bookkeeping clients require a monthly bookkeeping service. There can be many reasons for this, but mostly it is because of their turnover (sales), accounts receivable (debtors), accounts payable (suppliers), their inability to manage their cash flow effectively without having accurate figures in front of them and their need to manage their overhead expenses before it gets out of hand.
They may also have statutory requirements, such as VAT and EMP201 submissions, that require records to be up to date all the time.
Once they secure their bank statements and compile their sales invoices, we will receive it from them and start the capturing process. On average, this process takes between 3 and 10 hours every month and the time spent is linked to the amount of transactions that need to be captured.
One of our most popular services is our Bookkeeping Service for Small Business. It’s our way of creating the divide between bookkeeping and accounting, while keeping the bookkeeping discounted and not connected at all to our accounting service fees.
Will bookkeeping fees be expensive?
For the value-added service you will receive from AGBS Financial our bookkeeping rates will be hard to beat. The reason most of our clients have been with us for so long is because they are paying us much less than they would a moderately experienced bookkeeper on their payroll.
If you are looking for a bookkeeper in Cape Town, or an accountant in Milnerton, you can stop searching.
Not only do we provide the most cost-effective bookkeeping service around, but we are also available for you when you need accountancy services, payroll services and/or tax services.
Payroll Service in Cape Town
With a growing business, you may need to employ some people in the future. Or maybe you already have, but the monthly payroll service requirements have become a time drain on you.
As part of our monthly bookkeeping service, we can also attach a payroll function to it for a reduced fee.
Get in touch with us today by calling us on 078 457 1188 for a free telephonic needs assessment or fill in the form below.