Annual financial statements

Your annual financial statements are the document everyone else uses to judge your business — SARS when they assess you, the bank when you apply for finance, a buyer when you eventually sell.

They need to be right, they need to be compliant, and they need to arrive before the deadline rather than after it.

Who this is for

• Companies and close corporations, which are required to prepare them
• Trusts, which need them for both SARS and the trustees
• Sole proprietors and partnerships applying for finance
• Any business where shareholders, funders or a landlord ask to see the numbers

What's included

• Compilation of a full set of annual financial statements in the applicable reporting framework
• Notes to the financial statements
• Reconciliation of your accounting records to the final statements
• Tax computation and the resulting income tax return
• A walk-through of what the numbers actually mean for your business
• Statements formatted for submission to SARS, CIPC and your bank

What it costs

Price on request

Priced per set, based on entity type and the state of the underlying records. If we do your monthly bookkeeping, this is cheaper — the groundwork is already done.

Getting started

1. Send us your year-end records — or nothing at all, if we already keep your books
2. We compile and query anything that doesn't reconcile
3. You review and sign, then we submit

Common questions

Do my financial statements need to be audited? Most owner-managed small businesses don't require an audit. What applies to you depends on your public interest score and what your Memorandum of Incorporation says. We'll tell you which category you fall into before quoting.

How long does it take? Typically two to four weeks from receiving complete records. Incomplete records are what stretch timelines, not the compilation itself.

My year end has already passed and I've done nothing. Is it too late? No, but the clock is running. Get in touch now rather than closer to the deadline — penalties for late submission are avoidable and expensive.

Request a quote for your financial statements →