Our services are conducted in a professional and ethical manner. We respect the time and opinion of our clients, and are committed in finding a perfect and unique solution for them.
When a company has experienced a period of poor performance, we assist to acknowledge problems, consider changes, and develop and implement a problem-solving strategy.
Turnaround strategies are important as they mark a period of improvement, be it short-term or long-term, to bring stability to a company’s future.
STAGES OF THE TURNAROUND PROCESS:
STAGE 1: Recognising the need for the turnaround.
STAGE 2: Rapid appraisal of the situation.
STAGE 3: Crisis management and emergency actions.
STAGE 4: Stabilisation phase.
STAGE 5: Detail analysis and development of the recovery plan.
STAGE 6: Rehabilitation – returning to normal.
This is the key component of a company’s financial stability. Companies have a multitude of cash inflows and outflows that must be managed in order to meet payment obligations, plan for future capital outlays and to maintain adequate business stability. This will include:
– Preparation of a Cashflow Forecast.
– Focus area recommendation.
– Funding requirements identification.
Bookkeeping is the recording of the day-to-day financial transactions of a business. Bookkeeping tasks includes the following:
– Journal entries.
– Filing source documents.
– Paying accounts.
– Prepare invoices.
– Sending statements to customers or clients.
– Processing payroll data.
– Reconciliation of balance sheet, debtors and creditors accounts.
Accounting involves the review, analysing and interpreting of the financial information recorded to forecast future business needs and to assist senior management in decision making. Accounting tasks include the following:
– Generate financial statements.
– Key-performance indication calculations.
– Financial reporting.
– Review/implement internal controls.
– Advice management on financial decisions.
Product cost refer to the costs incurred by a business from manufacturing a product or providing a service.
Manufacturers carry production costs related to the raw materials and labour required to make the product.
Service industries carry production costs related to the labour required to implement the service and any material costs involved in delivering the service.
This process assists management to ensure that product costing and profit margins are accurate.
– Assistance with SARS regulation compliance.
– VAT returns and payments.
– PAYE returns and payments.
– Provisional tax returns.
– Annual income tax return.
An audit refers to a financial statement audit. A financial audit is an objective examination and evaluation of the financial statements of an organisation to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent.
– Assist with preparation for the next annual financial audit.
– Prepare audit preparation plan and progress reports.
– Review internal controls.
– Review policies and procedures.
– Assist with preparation of audit support files.