Chartered Accountants South Africa

WESSELS & ACCOUNTING

Chartered Accountants (SA) and Registered Auditors

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CA(SA)

Small Intro Chartered Accountants (SA) Pretoria North

Wessels & Associates is an Auditing, Accounting and Tax Practice based in Pretoria. Our offices are situated in Pretoria North East.  Our clients are based in all areas of Pretoria and Pretoria North.

We are members of the South African Institute of Chartered Accountants (SAICA) and the International Regulatory Board of Auditors (IRBA).

Our Services and Specialties

Accounting / Bookkeeping

Accounting and bookkeeping entails processing of bank statement transactions into an accounting system.  Processing is done regularly to ensure accounting records are always up to date to produce accurate financial reports. We follow accounting standards prescribed for South Africa– IFRS for Small and Medium size entities (IFRS for SMEs).

Management Reporting

Wessels & Associates Accountants can provide you with accounting reports to enable you to analyse your business performance on a regular basis. Reporting can be done based on your business needs. In a project environment for instance, the accounting system can be set up to report on the profit per project.

  • Income statement

An Income Statement is a report that shows your Income from Sales, less your expenses, to show if your business is making a profit.

Month to month comparisons can be made to budgets and to other months to determine why your income and expenses are increasing.

  • Budgets

We can assist you with compiling a budget and comparing it with the actual accounting records. This will help you identify over expenditure and corrective action can be taken.

  • Balance Sheet

A Balance Sheet is a summary of your Assets and Liabilities at any point in time. Financial Institutions are interested in this report to determine your liquidity, solvency and overall financial position.

Fixed Asset Registers

Wessels & Associates can assist you with setting up and maintaining an Asset Register.

An Fixed Asset Register keeps record of all your companies’ assets, where they are located, when they were purchased, at what cost and their current book values.

As qualified chartered accountants we can calculate depreciation, impairments and book values.

Annual Financial Statements

Financial Statements should be supplied to SARS and CIPC on an annual basis. Banks also require Financial Statements that are compiled by a qualified accountant.  As Registered Auditors,this will give the Annual Financial Statements the credibility required by the institutions.

Accounting Systems and Software

SagePastel Accounting Software and Xero Accounting Software are mainly used in our practice.

We can also assist with converting your current system whether manual or on excel over to Pastel or Xero Accounting.

Statutory Returns

Wessels & Associates is a SARS Registered Tax Practitioner.

We can submit the following statutory returns via e-filing or other portals on your behalf:

EMP Payroll returns– PAYE, UIF, SDL, IRP5s

VAT returns VAT201

TAX returns – IT12 or IT14 – Individual taxation and Corporate Taxation

Provisional Tax returns IRP6

Unemployment Insurance Funds UIF returns

Compensation Commission returns

Tax Clearance Certificates

Tax Compliance Status requests

Auditing or Other Types of Engagements

We are Registered Auditors with the IRBA (International Regulatory Board of Auditors) and there for allowed to conduct statutory audits and other audit engagements.

As there are different types of engagements your business needs to first determine what kind of engagement it requires. Certain small and medium size companies, for example, might only need a Compilation Engagement or an Independent Review rather than a full statutory audit.

The type of engagement required by each business is prescribed by the Companies Act of 2008 and depends on the result of the Public Interest Score (PIS) calculated.

We can calculate your PIS to determine what kind of engagement you need.

Other audit support or Internal Auditing

Even if we are not appointed as your auditors, we can also assist you with getting audit ready and liaise with your own appointed auditors to support you during an audit.

Audit readiness entails for instance preparing prior to the audit, reconciliations such as Bank reconciliations, VAT reconciliations to Turnover, Payroll reconciliations. Preparing a fixed asset register and depreciation calculations and year end journals.

Your company’s control environment and system description can also be documented and streamlined not only for audit purposes but also for your own internal control benefits.

The communication gap between your accounting staff and the external audit team can create unnecessary delays and misunderstandings.

Having a qualified accountant and CA(SA)on youraccounting team will assist both parties (you and the auditor) through a painless and efficient audit process.

Internal controls

We can design and help with implementing controls and systems in your accounting department.

Appropriate internal controls can prevent and detect errors and fraud.

Controls such as reconciliations, approval documentation, and segregation of duties, checks and balances will support complete and accurate accounting records that can be relied on.

A strong control environment gives you that peace of mind.

Training and capacity building

Training in bookkeeping, accounting and general office administration are available should you need to up-skill your employees.   This will in the long term build capacity for your business and provide your employees with growth and personal development.

Our Fees

We provide initial free consultation to determine your business accounting and financial reporting needs.

Our fees are based on a combination of the required hours and level of skills needed which is driven by the size of your business and an estimated number of transactions.

We will be happy to provide you with a detailed quotation of our package for your business.

Contact us on info@wessels-accounting.co.za to request a free consultation.

Posted by admin / April 4, 2018 / 0 Comments / Tagged with Account Management Reports Pretoria, Accountant Pretoria North, Accounting & Consulting Pretoria, Accounting Firm Pretoria, Accounting Pretoria, Asset Management Policies, Bookkeeper Pretoria North, Bookkeeping Pretoria, Financial & Auditing Pretoria, Financial Management Pretoria, Financial Management Reports Pretoria, Financial Support Services, Payroll Returns Pretoria, Sage Pastel Registered Accountants, SAICA Registered Chartered Accountants, Statutory Returns Pretoria, VAT Returns Pretoria / Posted in Accountant, Accountants Montana, Accounting, Accounting & Audits, Annual Financial Statements, Asset Management, boekhoudster, Bookkeeper Moot, Bookkeepers, Bookkeeping Pretoria, Chartered Accountants, Companies Tax, Financial Supporting, Finansiele boekhou dienste, Fixed Asset Registers, Income Tax, IRBA, Payroll, Registered Auditors, Rekenmeester Pretoria Noord, SARS, Tax, Tax and taxation, VAT, XERO accounting

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Wessels & Associates
info@wessels-accounting.co.za
http://www.wessels-accounting.co.za

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Wessels & Associates, Chartered Accountants(SA), provides financial support services in Accounting, Tax, Auditing and Consulting.

We can turn your business complexities into simple solutions and assist you with financial management, financial reporting, business analysis and strategy.

Enjoy peace of mind and eliminate the need to run a whole accounting department on your own.”

Our Services

  • Accounting
  • Financial Statements
  • Tax Services
  • Business management
  • Auditing
  • Capacity Building and Training

Registered

SARS E-Filling for Tax Returns
Tax & VAT

Financial Support Services
Financial & Auditing Pretoria

Wessels & Associates

  • http://www.wessels-accounting.co.za
  • info@wessels-accounting.co.za
  • wesselsaccounting

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