Welcome to our bookkeeping firm in South Africa
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Bookkeeping Services

Bookkeeping Services

Bookkeeping is a monthly cycle and an essential part of the accounting process. It involves a process of recording financial data from source documents into journals. Invoices and credit notes are examples of source documents.

Journals generally form the platform for the accounting system. In total, there are eight types of journals. Some of which includes the cashbook receipts and cashbook payments. Journal names like these may be where the term bookkeeping originated from.

Businesses operating in South Africa need to follow tax laws to be successful. Taxes that may be applicable to a business may include VAT, Income Tax and PAYE. Bookkeeping becomes important to avoid legal implications imposed through the Tax Administration Act.

Mighty Bookkeepers offers bookkeeping services in South Africa. Part of our scope includes bookkeeping or accounting. With our monthly bookkeeping packages you get the following:

Certified bookkeeper
Tax practitioner appointment and advice
Monthly financial management reports
Know who owes who money and when it should be paid
Know how much money you made (income statement)
Know what is the value of your business (owners equity)
Annual tax returns
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Why Choose Mighty Bookkeepers?

Our bookkeeper records financial data applicable to specific business types. We present this data to our clients in a monthly financial report for management reasons. Management accounts are part of reports and essential to the running of a business. Also, debtors control and creditors control may be part of the report. Graphs and charts makes interpreting data on reports easier. Thus, asides from tax liabilities entrepreneurs have a consistent overview on their business.

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