Annual Financial Statements For Micro Businessesx
- 0 (0)
- 31 views
Financial Statements are a key tool businesses use to plan, structure, invest and grow. They provide high-quality, understandable and globally accepted financial reports for the position and performance of a business.
The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) framework or The International Financial Reporting Standard for Small and Medium-sized Entities ( IFRS for SME’s) framework.
South African Section 90 Companies requires independently compiled financial statements where auditors are disqualified from preparing financial statements.
We have positioned ourselves as the provider of choice through the development of a seamless reporting process and assisting in practical application of reporting framework, with experience from medium to listed-entity financial statements.
We are also able to export financial statements in XBRL format to submit to the Companies and Intellectual Properties Commission (CIPC).
Affordable price plans
Pricing plansMaximum Turnover Full Time Employees General Information Delivery time:
Compilation of annual financial statements in accordance with IFRS for micro businesses.Maximum Turnover R7,500,000Full Time Employees 4General Information ✅Delivery time 3 Days
Compilation of annual financial statements in accordance with IFRS for micro businesses.Maximum Turnover R12,000,000Full Time Employees 7General Information ✅Delivery time 3 Days
Compilation of annual financial statements in accordance with IFRS for micro businesses.Maximum Turnover R20,000,000Full Time Employees 10General Information ✅Delivery time 3 Days
Fequently asked questions
What are Financial Statements?
Financial Statements are a key tool business owners use to plan, structure, invest and grow. They provide high-quality, understandable and globally accepted financial reports for the position and performance of your business.
When should Financial Statements be prepared?
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.
Why are Financial Statements required?
Small to Medium-sized entities often require Financial Statements (a) as part of the application for financing and overdraft facilities, (b) if an investment opportunity presents itself, the Financial Statements will form part of the due diligence process, (c) compliance with tax and CIPC statutory submission requirements or (d) simply for owner’s use.
What you get when you place an order?
Our professional Chartered Accountants at Remote AFS™ will (a) collect your financial information, (b) compile your Financial Statements using the IFRS for SMEs framework, (c) convert your Financial Statements to XBRL format for submission to the CIPC.
What assurance do you give provide?
(a) Experience gained from more than 15 years consultation at the big audit firms, such as PwC and SNG and servicing clients ranging from private to multinational corporations; (b) 100% on-time delivery; and (c) Unlimited revisions until you are satisfied.