It involves the recording of financial transactions by an individual or organization. It is a legal requirement to keep records that are accurate and true for a period of at least 5 years from the date that the documents were prepared, obtained or the transaction completed, whichever occurs the latest. Being compliant on this front can be a very time consuming process and causes many headaches for all types of business.

Harry Accounting & Taxation Services are able to provide accounting services that will free you to focus on the operational side of your business.

Accounting services include:

  • Posing of day to day base bank and business transactions in the Accounting software.
  • Compare the transactions with bank statements, identity and rectify the discrepancies and reconcile the bank.
  • Prepare monthly/ quarterly or annually statements that report the earnings of a business by stating all relevant income and all expenses that have been incurred to generate that income.
  • Generate monthly/ quarterly or yearly GST reports to calculate correct GST.
  • Identify money you owe suppliers and money that is owed to you by your customers.
  • Prepare year end adjustment journals and take away all the pressure associated with ensuring your books are ready for the end of financial year.
  • Prepare the year end financial reports showing state of your business into the language you can understand.
  • Prepare analysis of income and expenses and planning including budgeting and forecasting.
  • Do performance analysis and advise the clients.
  • Prepare cash flow statements, preparation of break even analysis and financial ration analysis.