Bookkeeping and Accounting Services - MJ Esterhuizen Accounting Services saves you money while you focus on making more money

The following is a summary of some of the bookkeeping and accounting services that we offer; all designed to ensure that you comply with all the legal accounting requirements as well as to save you money. So you can simply focus on managing your business and on making more money!
Our rates and services are negotiable, subject to each project's requirements. Feel free to contact us at any time, for a personal appointment to discuss your specific needs.

General Bookkeeping and Accounting

Bookkeeping is the systematic recording of all day-to-day financial transactions. MJ Esterhuizen Accounting Services are able to do monthly bookkeeping up to the trial balance stage. From there, our accounting services usually kick in, which involves for example the preparation of financial reports, an income statement as well as a balance sheet. At this point you will be able to determine whether your business is making a profit or a loss and your books will be perfectly ready in the correct format for official auditing if required.

Our current clients comprise a database of more than 150 Individuals, a number of registered NGOs, including Jabulani Khakibos Kids as well as a broad range of business clients that range from micro to medium enterprises up to corporates. This includes the likes of Needmor Metal Pressings Pty Ltd (tool making and metal pressing); Sun Circle Publishers (Pty) Ltd; Words and Pictures (Film and stage production house); Mogole Productions; Slipstream Fabric Finishes; BI Planning Services Pty Ltd (Business Intelligence and Data Warehousing Systems); Lightway Internet Solutions and many more.

Financial Statements

Financial statements are written reports that reflect the real financial status of a business. It summarises and quantifies the financial activities of a business and includes an income statement, a balance sheet and a cash flow statement. MJ Esterhuizen Accounting Services can help you to manage your business proactively, through the compilation and evaluation of such financial statements on a monthly basis. We are also able to prepare annual financial statements for financing purposes, or as part of your statutory submission requirements to SARS and/or CIPRO.

Management Reporting and Consulting

As opposed to annual financial statements that simply provide an overview of the finances of business, Management Reporting gives a much more detailed month-to-month breakdown of the finances, compared against a budget, or against the results of former years or months. This is an excellent management tool to assist with guidance and decisions on the way forward, especially for start-up businesses. It also includes cash flow statements. Cash flow statements usually give businesses an indication of whether financing will be necessary for continued growth or whether there are profits available that could be utilised for re-investment. MJ Esterhuizen Accounting Services can further assist with the analysis of the Management Reports, to help you determine the status of losses and profits and make informed business growth decisions.

Payroll Services

A payroll system is important as it provides formal records of salaries and bonuses paid, and it ensures compliance with all statutory and contractual obligations. MJ Esterhuizen Accounting Services takes the raw data provided by you, and feeds it into an official payroll system, to produce monthly payslips as well as annual IRP5s.

Statutory Submissions and Returns (Monthly or Annual)

Statutory Submissions and Returns are financial records that must be submitted by every business, as it is stipulated by the regulatory authorities and the South African laws. MJ Esterhuizen Accounting Services can ease the burden for you by taking care of all your Provisional as well as Annual Income Tax Returns, VAT returns, Employee Taxes and Returns including PAYE; UIF, Skills development levies and Workmen's Compensation. We also do Personal Tax Returns for individuals.

Secretarial Services

By law, it is compulsory for companies to comply with prescribed annual requirements and record keeping. MJ Esterhuizen Accounting Services can assist with maintaining your company register at CIPRO, i.e. updating changes in member details and addresses, etc. New CCs can also be registered up to 1 May 2011. After this date, the Companies Act will not allow for registration of new CCs anymore- but CCs that have been registered before this date will still have to be maintained.

Financial Accounting Software and/or Systems

MJ Esterhuizen Accounting Services is able to provide consultation on Financial Accounting Systems or computerised Financial Software Systems, from basic Bookkeeping Systems right through to complex HR Systems. Current systems could be improved, or recommendations can be done for new financial systems to be put in place. This is done through objective gateway comparisons to identify the best possible solution for each client’s unique requirements. Our company is also a Pastel Partner.

Tax Planning and Tax Advice

Understanding the tax laws and how they impact on your business is critical for effective financial management. MJ Esterhuizen Accounting Services provides consultation to advise businesses on the best operational and business decisions to make for maximum tax benefits. Simply put - we help you to understand what can be claimed from SARS and what cannot. We also provide sound advice to individuals on how to manage tax implications for the most advantageous results in personal income.

Business Plans

In laymen's terms, a Business Plan outlines what your business does, what its future goals are and how it intends on reaching these goals. Most importantly, it is a step-by-step study that ascertains the viability of your business concept and how you will achieve profitability. MJ Esterhuizen Accounting Services are able to help you compile a solid Business Plan, whether it is for start-up purposes, a management tool to explore future growth opportunities or to obtain financing from the bank.