Once a year we will draft compiled annual financial statements so that you will comply with SARS and Companies Act legislation. In the context of the South African Companies Act, a company must prepare annual financial statements within six months of its financial year-end. These statements provide a snapshot of the company’s financial position and performance for the year. The Act also outlines specific requirements for the content and presentation of these statements, including the need to comply with financial reporting standards. We will further ensure compliance by drafting working papers and having enquiries with the directors to ensure that your annual financial statements correctly portray the financial situation of your company. We would also be able to assist with professionally drafted management financial statements at an additional cost if you require such for funding or any other purpose. If the need arises for independently reviewed or audited financial statements, we have partners to whom we can outsource the service at an additional cost to you.
We make use of Draftworx to draft professional and compliant financial statements