We implement the best cloud based financial software to provide a solid foundation for your business growth
Accountancy and Tax
We provide accounting services to cover tax submissions as well as advice on financial queries relevant to your business
We assist on a variety of operational and financial issues with a multi-disciplinary team including CA’s, management accountants and financial analysts
Our Work Flow
We take the time to understand your business and map out your operational and financial requirements
Based on our analysis we build a new financial system from the ground up, ensuring business owners get a solid foundation for business growth and financial clarity
We work with the owner and team to make sure that the full benefit of the new system is realised and that the financial reporting is relevant and useful
Frequently asked questions
What kind of clients do you work with?
We focus on high growth, small to medium enterprises (SME’s), from single entrepreneurs and professionals to companies with several employees. Our clients span a range of industries such as academic, IT, design, software development, online services, law, psychology, music, social enterprise, retail and small manufacturing.
We find our services have the greatest impact when companies are up and running, being funded by sales or investors, and have an urgent need for greater financial clarity plan their investment, growth and strategy.
How long does it take to set up new financial systems?
From our side we can implement a new financial system, and have you invoicing, in under a month.
What increases the setup time, and complexity, are the integration of exiting operational processes and systems, such as point of sale (POS), payment gateways, stock management. We have had setups stretch over 4-5 months as we review, improve and integrate the processes.
We also take the time to train relevant personnel for their role in the new software, which can stretch over a number of months.
What does it cost?
We have created packages that provide value to clients depending on the size of their business and requirements. This can range from focused work sessions to help clients perform their own monthly submissions or full service offerings. If looked at on hourly rates, they range from between R550-750 per hour, but it is the combination of services provided in each package that deliver value beyond this.
The main engagement areas are:
- Systems implementation – a fixed allocation of time to perform the business analysis, implementation and operational rollout of your new financial systems.
- Routine accounting and tax services – a monthly retainer to cover mandatory tax submissions, questions and queries as well as operational support in the form of book keeping, management meetings, etc.
- Investment advisory and operational support – a budget of time to perform financial management, investment and reporting tasks above and beyond the routine.
We find the retainer approach smoothes cash flow and encourages clients to be in touch without worrying about surprise invoices. We build in a budget for operational support to ensure we can scale up additional hours within a month without exceeding overall billing expectations.
All time estimates are tailored to the individual business, based on our experience of comparable setups, so please be in touch and we can provide a quote.
How are you different from other accounting firms?
Two major differentiators:
1) We truly understand our client’s business by implementing the systems that drive them
Most professional service providers claim to understand their client’s business, but in reality are just not involved in the day to day operations enough to achieve that intimate level of knowledge.
As we go through our workflow to build your financial systems we absolutely have to understand your offering, your operations and how your business works.
Post implementation, on an ongoing basis, we are then well placed to offer quality professional services, be a sounding board and advise on new processes you can implement which also ensures we are up to date.
2) We act like consultants to align your business interests with ours
Rather than behaving like external service providers we act like internal partners and look to get involved in your business to ensure the finances and operations run like they should be.
We have workshops with clients to run through particular areas of concern and put our heads together to come up with the best solutions.
Do you do book keeping?
We are focused on improving all operational aspects that contribute to the financial well being of our clients. Good book keeping is one of them, and there are several others.
When there is an operational function, like book keeping, that we can offer at a competitive rate (rather than you hiring in, for example) we would look to add hours on to the retainer to ensure that it gets done, properly.
These time allocations can shift at a months notice, depending on your needs or internal capacity.
Can you do personal tax returns?
For our business clients, we usually take over the personal tax returns as well as part of our package.
When we are contacted on an ad-hoc basis to assist with a personal tax return we would always recommend trying Tax Tim first. It’s an affordable online service aimed at helping individuals complete their return. If you still get stuck, feel free to drop us a line.
What software do you work with?
We primarily use Xero accounting software to provide the foundation of a clients financial system requirements. In addition to Xero we have worked with Vend and iKentoo point of sale, Dear Inventory, Harvest Time tracking, and a range of other Xero plugins. We also have experience with Netsuite and Exact ERP systems.
Overall we look for the best fit for our client’s requirements and are constantly evaluating new technology.