Annual Financial Statements for Non-VAT Registered Companies

Product Description

Our Annual Financial Statements service for non-VAT registered companies is specifically designed for South African businesses operating below the VAT threshold or those not legally required to register for VAT. This comprehensive service involves the expert preparation of your annual financial statements, including the Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows, and relevant notes. We ensure your financial records accurately reflect your business's performance and financial health, providing a clear picture for stakeholders, facilitating better business decisions, and maintaining essential compliance with accounting standards.

What's Included

• Preparation of Statement of Financial Position (Balance Sheet)
• Preparation of Statement of Comprehensive Income (Income Statement)
• Preparation of Statement of Cash Flows
• Compilation of comprehensive Notes to the Financial Statements
• Review and finalisation of Annual Financial Statements

Prerequisites

• Complete bank statements for all business accounts for the financial year
• Detailed records of all sales and income
• Comprehensive records of all business expenses and supporting invoices
• Previous year's Annual Financial Statements (if applicable)
• Access to trial balance or accounting software if used