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Compilation of Annual Financial Statements (AFS) - Revenue under R10 million

What are Financial Statements?

Financial Statements are one of the key tools business owners need to plan, structure, invest and grow. They provide high-quality, understandable and globally accepted financial reports for the position and performance of your business.

Per the South African Companies Act, all companies are required to produce Annual Financial Statements (AFS) each year within 6 months after the end of their financial year.

Small to Medium-sized entities often require Financial Statements:  
  1.  As part of the application for financing and overdraft facilities
  2.  If an investment opportunity presents itself the Financial Statements will form part of the due diligence process
  3.  Simply for owner’s use or
  4.  Compliance

Creative CFO can help with compiling your Annual Financial Statements and will:

    • Collect your financial information
    • Compile your Financial Statements using the¬† IFRS for SMEs framework
  • Export your Financial Statements in XBRL format to submit to the Companies and Intellectual Properties Commission¬†(CIPC)

When you check out you may select a quantity of 1 and the number of financial years that you require to be compiled and we'll get in touch with a confirmation of what information we will need from you to get started.