Our Services

Our Services

What we offer at BeenCounting

What we offer at BeenCounting

Accounting
Services

The BeenCounting team can assist with the performance of monthly/bi-monthly accounting or the review of work performed by the company accountant or bookkeeper.

  • Bank statement processing (allocating bank transactions to correct accounts)
  • Customer invoicing and generating statements
  • Customer reconciliations
  • Supplier invoice processing
  • Supplier reconciliations
  • Reconciliation of bank accounts
  • Complete accounting up to trial balance
  • Review of general ledger accounts
  • Management accounts preparation
    • Management accounts provide you with valuable information
    • This can assist you in your financial decision making
    • You can clearly track your financial position
    • Comparisons month on month or year on year
    • Correct interpretations of this information can guide the company in the right direction
  • Monthly reporting on current financial position
  • VAT services
    • Assistance with registration
    • VAT processing
      • Allocation of transactions to the correct tax type
      • Preparing a tax type report 
    • VAT201
      • Preparation for review by client
      • Submissions after approved by client
    • Preparation of a VAT reconciliation
    • Acting as liaison between client, management and SARS
    • Obtaining necessary documents regarding objections or requests for supporting documents by SARS


Who should consider these services?

These services are perfect for all entities.  Specifically:

  • Entities where management would like know the status of an entity’s financial position on a frequent basis
  • Small and medium entities that require accounting services and could not necessarily afford an accountant or bookkeeper as a permanent employee
  • New entities
  • Entities that have been operational for a while already

We can assist you with the processing of your employees’ salaries and wages. 

This will include:

  • Calculation of monthly payroll tax deductions
  • Provide or processing of the monthly payroll journal
  • Generation of electronic payslips
  • The submission of the monthly returns to SARS (EMP201)
  • Calculation and submission of bi-annual EMP501 returns
  • Reconciliation of above
  • Issue of annual IRP5’s
  • Acting as liaison between client, management and the South African Revenue Services


Who should consider these services?

All entities that have employees. 

  • Provisional tax calculation
  • Provisional tax submission of return
  • Income tax calculation
  • Income tax submission of return
  • Acting as liaison between client, management and SARS
  • Submission or assistance with objections and appeals at SARS
  • Obtaining necessary documents regarding objections or requests for supporting documents by SARS
  • Applying and obtaining tax clearance certificates


Who should consider these services?

All entities and individuals.

On an annual basis we will assist you with the compilation of your financial statements.

Financial statements are formal records that summarise the financial activities (income and expenses) and financial position (assets, liabilities and equity) of an entity. 

Preparation of annual financial statements can include some or all of the following services:

  • Bank statement processing (allocating bank transactions to correct accounts)
  • Customer invoicing or journalising turnover
  • Supplier invoice processing
  • Supplier reconciliations
  • Reconciliation of bank accounts
  • Complete accounting up to trial balance
  • Review of general ledger accounts
  • Monthly reporting on current financial position
  • Preparation of a VAT reconciliation
  • Preparation of a tax reconciliation
  • Preparation of a payroll reconciliation
  • Compiling annual financial statements from a client provided trial balance


Who should consider these services?

All entities

Consulting
Services

Assurance – Review of audit working papers,
sections or files

  • Providing coaching notes
  • Providing recommendations for future engagements


Assurance – Performing audit procedures and setting up working papers for

  • Property, plant and equipment
  • Cash and cash equivalent
  • Capital/Equity
  • Laws and regulations
  • Journal testing
  • Accounts receivables
  • Accounts payable
  • Search for unrecorded liabilities
  • Revenue
  • Operating expenses
  • Audit finalisation/completion
  • Review of financial statements
  • Other sections available on request


SAICA Training office

Assistance with compliance in this regard can be provided.

Please contact us for a detailed list of services.


Who should consider these services?

Auditing firms that:

  • Require extra team members during busy season only
  • Require more senior management and guidance on engagements
  • Require help during a period of time when permanent employees are not available (on study or maternity leave)

All accounting services listed above can also be provided to an accounting firm.


Who should consider these services?

Accounting firms that:

  • Require extra team members during tax season only
  • Require more senior management and guidance on work completion
  • Require help during a period of time when permanent employees are not available (on study or maternity leave)

Other
Services

  • New Company Registration (Incl Name Reservation)
    • Standard Private Company (Incl MOI Retrieval)
    • Incorporated Company (Incl MOI Retrieval)
    • Retrival of MOI for already Registered Companies
    • Standard Non Profit Company (Incl MOI Retrieval)
    • NPO Registration (Social Development)
    • PBO Registration (SARS)
  • Shelf Company
  • CIPC disclosure checklist
  • Company MOI Amendments
    • Name Changes
    • MOI amendments
    • Share Capital Increase
    • Share Conversion
    • Conversion from CC to PTY
    • Conversion from one type of Company to another
  • Changes to Registered Entity
    • Address changes
    • Auditor Appointment/Resignation
    • Financial Year End Change
    • Director Changes
    • Close Corporation Changes
    • Restoration Application
    • Obtain Copies of Company Docs
  • Share Register
    • Share Register Set up
    • Share Register/Certificate Changes
  • Income tax return for individuals and all entities
  • EMP501 Recon Assesment (Manual)
  • Department of Labour
    • Workmen’s Compensation Registration
    • Account Statement WCA
    • Payment Arrangement WCA
    • Name Change
    • Return Of Earnings Submission – Online
    • Letter of Good Standing
    • UIF Registration (Company/Domestic)
    • UIF Maternity Claim
    • UIF Audit Assistance
    • UIF Declarations update
  • Master of the High Court
    • New Trust Registration
    • Request for documents/files
    • Trust Registration (Submission only)
    • Submittal of Trust changes (New LOA)
  • Submission of annual return


Who should consider these services?

These services are mostly for specific instances (as listed above).  There are also compliance services such as submissions of annual returns and tax returns that apply on an annual basis to all entities.

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Let our team assist you by performing an independent review.

Should you require more detail about in this regard, make use of this very helpful link: https://www.saica.co.za/

Feel free to give us a call in this regard should you have any additional queries – your first consultation is free of charge. 

 

Let our team assist you by performing an internal control assessment.

We will provide you with the appropriate recommendation and assist with implementation of recommended controls. 

What are internal controls? See FAQ section

Who should consider these services?

All entities new or current that would to put a preventative structure in place. 

Let our team assist you to ensure that you are audit ready.

This service includes:

  • Performing high level checks to ensure your “audit file” is ready.
  • Performing our own assessments to identify the areas in need of improvement.
  • We will recommend the necessary improvements and assist with the implementation thereof.
  • Prior year audit matters will also be taken into consideration to ensure that these matters have been addressed. 


Who should consider these services?

All entities required to be audited on an annual basis.  Audit fees are higher than consulting fees, thus this service can assist you in saving money – a smoother audit ensures that your fee remains low or gives you the opportunity to perhaps renegotiate this fee.

Frequently Asked Questions

Depending on the Memorandum of Incorporation of your entity, the public interest score, the users of your annual financial statements and the type of entity, you might be required to have your financial statements audited or independently reviewed.

Feel free to give us a call in this regard – your first consultation is free of charge.  Together we can make sure you are compliant.

There are multiple factors to take into consideration including:

  • The entity’s business activities
  • The size of your entity
  • The frequency of financial reporting needs
  • The complexity of your accounting policies and transactions
  • The reporting standard your entity uses
  • The volume of transactions
  • The entity’s budget
  • Many more


Feel free to give us a call in this regard – your first consultation is free of charge.  Together we can make sure you consider all the requirements, advantages and disadvantages involved.

This is an easier question to answer and does not rely as heavily on multiple considerations.  Please see the link for more detail: https://www.sars.gov.za/

Feel free to give us a call in this regard should you have any additional queries – your first consultation is free of charge. 

All public companies are required to prepare annual financial statements.  Private companies and sole traders are not legally obliged to prepare annual financial statements, however this is recommended.  Annual financial statements are helpful for management assessments.  Annual financial statements can specifically be helpful when determining if an entity is required by the Companies Act to have it’s statements independently reviewed or audited.

Feel free to give us a call in this regard should you have any additional queries – your first consultation is free of charge. 

Internal controls are processes and procedures put in place in the daily operations of an entity in order to prevent or detect error or fraud. 

Firstly, a big congratulations from the BeenCounting team, you have taken the big step in starting your own company!

It is essential for you to focus on the core business of your new company.

It will be worth your while to take a look at the following services we provide:

  • Secretarial and compliance services
    (Ensure that all the required registrations etc. has been dealt with)
  • Monthly accounting, payroll, tax and annual financial statement compilation
    (Ensure that your accounting is prioritized and taken care of)


Feel free to give us a call in this regard should you have any queries – your first consultation is free of charge.  We look forward to working with you!

Firstly, a big congratulations from the BeenCounting team, you have taken the big step to allow the entrepreneur within you to shine.

Consider the following:

  • Market research
  • Viability and financing or methods of funding
  • Business plan including
    • Business name
    • The type of entity
    • Policies and procedures
  • Website and marketing strategy
  • Accounting
    • Secretarial and compliance services
      (Ensure that all the required registrations etc. has been dealt with)
    • Monthly accounting, payroll, tax and annual financial statement compilation
      (Ensure that your accounting is prioritized and taken care of)
  • Management


There are many other factors that need to be taken into consideration. We will be happy to assist you with the services you require.  You are more than welcome to make use of our consultation services should you have any queries – your first consultation is free of charge.  We look forward to working with you!

We know this process can be somewhat frustrating at times.  The BeenCounting team would like to assist you in this transformation. 

We want to get to know you and your business to ensure that we have a proper understanding in order to provide you with best possible service at the best possible price.

Have a look at the services we provide and feel free to request a call-back so we can discuss the next step for you. 

Internal controls are processes and procedures put in place in the daily operations of an entity in order to prevent or detect error or fraud. 

Value-added tax and taxation concept
Plant growing out of coins jar
businesswoman with tax report at office
Tax and accounting business concept
businesswoman with tax report at office