Who We are!

We are a team of Accountants, Auditors and Consultants, we are reliable business partners that care about the future. We help create long term value and limitless future growth Opportunities for our clients

Our Company Services

Financial statements are a key component of the annual report and provide its users with quantitative data regarding specific aspects of its financial performance in the previous fiscal year. Annual reports typically include financial statements, such as balance sheets, income statements, and cash flow statements.

We design accounting systems and controls to ensure the accuracy of financial information. We also undertake an evaluation of existing accounting controls and systems, and provide recommendations to improve them greatly.

  • AFS for bank loans
  • AFS for SARS
  • AFS for Audits
  • AFS for all other purposes


Our focus is on posting and maintaining accounting records to prepare a trial balance, compiling financial statements as well as administration relating to CIPC submissions.
We work alongside your audit firm to comply with Section 90 of the Companies Act with respect to the compilation of financial statements as well as help you get audit-ready by taking the workload off your team to collate information and documents for the audit team right at the coast

 

Management Accounts Current financial information is key to growing your business, and Management Accounts are more than just a profit and loss!

Management Accounts can be produced on a monthly or quarterly basis and are used to:

  • Analyse and report on key financial data within an organisation ensuring that the key staff receive timely, accurate and relevant information.
  • Allow you to identify any issues early, allowing you to take corrective action swiftly.
  • Assist with the development and control of your financial systems to ensure your accounts are effectively managed.
  • Investigate variances against budget and provide an analysis of differences and the reasons for them.
  • Provide comparative information with previous periods, with ratio  analysis.
  • Assist in the preparation of annual budgets and cashflow forecasts.

This will all help to explain the financial implications of business decisions, and aid a more informed decision making process.

Management Information is the management of information systems to provide data which can then aid with effective strategic decision making.

At PP Accountants we can look at how and where your information is input, exported and used to give the best information; in a format which is easily understood, to enable the best informed decision making.

METHODS OF BOOK KEEPING

Single-entry bookkeeping

Single-entry bookkeeping is a straightforward method where one entry is made for each transaction in your books. These transactions are usually maintained in a cash book to track incoming revenue and outgoing expenses. You do not need formal accounting training for the single-entry system. The single-entry method will suit small private companies and sole proprietorships that do not buy or sell on credit, own little to no physical assets, and hold small amounts of inventory.

Double-entry bookkeeping

Double-entry bookkeeping is more robust. It follows the principle that every transaction affects at least two accounts, and they are recorded as debits and credits. For example, if you make a sale for $10, your cash account will be debited for $10 and your sales account will be credited by the same amount. In the double-entry system, the total credits must always equal the total debits. When this happens, your books are “balanced.”

Using the double-entry method for bookkeeping makes more sense if your business is large, public, or buys and sells on credit. Enterprises often choose the double-entry system because it leaves less room for error. In a way, it ‘double-checks’ your books because each transaction is recorded as two matching but offsetting accounts.

Cash-based or accrual-based

The next step is choosing between a cash or accrual basis for your bookkeeping. This decision will depend on when your business recognizes its revenue and expenses.

In cash-based, you recognize revenue when you receive cash into your business. Expenses are recognized when they are paid for. In other words, any time cash enters or exits your accounts, they are recognized in the books. This means that purchases or sales made on credit will not go into your books until the cash exchanges.

In the accrual method, revenue is recognized when it is earned. Similarly, expenses are recorded when they are incurred, usually along with corresponding revenues. The actual cash does not have to enter or exit for the transaction to be recorded. You can mark your sales and purchases made on credit right away.

Both a cash and accrual basis can work with single- or double-entry bookkeeping. In general however, the single-entry method is the foundation for cash-based bookkeeping. Transactions are recorded as single entries which are either cash coming in or going out. The accrual basis works better with the double-entry system.

Independent reviews are used between audits, or in place of audits for smaller companies. They are quicker, and when using an outside accounting firm for a review, less costly. It is a more accessible and affordable option for many smaller companies – though not a replacement for an audit if audits are required by statute and company law regulations.

The benefits an independent review gives a company:

 
An independent financial review is a limited assurance procedure that is essential for any company – whether required or not.

  • Even though a review is focused on assessing the accuracy of a balance sheet, and is therefore not watertight (as a full audit would be), independent reviews still help prevent fraud.
  • Not all irregularities are intentional. An independent review might flag practices that could impact on the financial statements or have legal consequences down the road.
  • An Independent review will also stop bookkeeping errors impacting on financial accuracy and statements, helping business to maintain internal controls and accurate record-keeping
  • Financial reviews can help companies streamline their financial operations and financial reporting methods
  • Cash management can be tightened an improved through insights gained from independent reviews.

 

Managing tax responsibilities and planning for tax issues is becoming more complex.

We help businesses meet the challenges of compliance, reporting and risk management. With the intention of transforming your processes, technology and resourcing models, PP Accountants will help your tax department meet key objectives for quality and control.

  • Personal Tax
  • Company Tax
  • VAT
  • Payroll
  • Estate
  • Tax Disputes
  • Tax Clearance
  • Tax Planning
  • Provisional tax

Writing a Professional Business Plan is essential and can often mean the difference between success and failure. Don’t take chances with your dreams. We have been provide unique and world-class Professional Business Plans to both local and international clients. Let us elevate your probability of success. Let us take you to New Heights.

  • Business Plans

We create bespoke and professional Business Plans for any industry and market, all while ensuring exceptional quality.

  • Business Valuation and Modelling

Offered to small and medium-sized companies by analysing the financial and non-financial intricacies of the business.

  • Market Research

We conduct comprehensive (desktop/secondary) market research and analysis across any country, industry, and market.

  • Proposals and Tenders

Our team has extensive experience and understanding in preparing Proposals for a broad range of industries and market sectors.

  • Business Coaching and Consulting

As SME Coaches, we can help you navigate complex markets and achieve specific business objectives and tasks.

 

 

So you’re starting or growing your very Own Business? We know how complicated and frustrating it can be getting all your Company Documentation in order! Especially if you want to get Tenders and Contracts quickly. We focus on offering entrepreneurs a Company Registration service at CIPC. As all businesses need Tax, BEE, Websites and much more – this becomes the bulk of our
sales. All of these other specialist services are provided by our in-house Specialists at a price and quality which is tailor-made for a start-up business.

START YOUR BUSINESS WITH THESE GREAT INCLUSIONS

  1. Guaranteed Company Name
  2. Company Income Tax Number
  3. BBBEE Certificate
  4. Company Registration Certificate (COR14.3)
  5. Shortest Possible time

Click here to get started.

We  aim to present you with a comprehensive and unique Business Plan solution that correctly matches your exact expectations. We provide unique and professionally written Business Plans to small- and medium-sized companies and startup ventures that operate in South Africa and abroad.

Our Business Plan Consultants take their work very seriously. To this end, we have achieved a high level of customer satisfaction and exceptional success rate not only because of the quality of our service delivery and documents we produce but also due to our hands-on approach to every Client. 

As a Business Plan Consultant, our primary goal is to thoroughly understand your business model, the objectives for your business venture, and, most importantly, the vision you have. We strive to provide valuable strategic input and practical advice throughout our engagement with you.

We help businesses to solve problems and achieve results by developing strategies to take the next big step.

  • Strategy

Find a strategic solution to achieve long term results based on the business, sales and marketing objectives that have to be achieved.

  • Marketing

We build and design digitally-led strategic communication and marketing plans, teams and strategies.

  • Business

Work with your business and team to identify goals, priorities and actions, and how the end result will be achieved.

  • Client Service

Create a great client service experience by turning clients into fans and make them come back for more.

  • Leadership

Support business owners and leaders to ignite growth and unleash results whether virtual, hybrid or on-site.

  • Fixer

A quick plug-and-play offering to help you solve and fix a fast turn-around requirement, project or business need.

Click here to get started

PrincePrincess Accountants use data analytics is used to help businesses uncover valuable insights within their financials, identify process improvements that can increase efficiency, and better manage risk. As Accountants we aggregate information to create a picture of an organization that summarizes the details contained in each transaction.  quantitative skills.”

  • Descriptive analytics 

This is used most often and includes the categorization and classification of information. We report on the flow of money through your organization that is revenue and expenses, inventory counts, sales tax collected. Our accurate reporting is a hallmark of solid accounting practices. Compiling and verifying large amounts of data is important to this accurate reporting.

  • Diagnostic analytics

Diagnostics are used to monitor changes in data. We regularly analyze variances and calculate historical performance. Because historical precedent is often an excellent indicator of future performance, these calculations are critical to build reasonable forecasts.

  • Predictive analytics 

We use data to assess the likelihood of future outcomes. We are instrumental in building forecasts and identifying patterns that shape those forecasts. When we act as trusted advisors and build forecasts, business leaders grow increasingly confident in following them.

  • Prescriptive analytics

Tangible actions  and critical business decisions arise from prescriptive analytics. We use the forecasts we create to make recommendations for future growth opportunities or, in some cases, raise an alert on poor choices. This insight is an example of the significant impact that we make in the business world.

Face to face in Cape town and Online Worldwide.

Grade 10-12

  1. Mathematics
  2. Accounting

Tertiary Level

  1. Third year modules: Accounting (Tax/ Accounting/Auditing and Assurance/ Management Accounting
  2. PGDA/ CTA 2
    • Applied Tax
    • Applied Accounting
    • Applied Management Accounting
    • Applied Audit Assurance

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WHY YOU SHOULD CHOOSE US

  • There is nothing more important to us than the complete satisfaction of our clients. It is the quality of our service delivery, genuinely understanding our ‘clients’ unique requirements and over-delivering on our promises that sets us apart from our competitors.
  • We never make a promise we can’t keep. We are committed to saving our customers time and money by providing them with unique and Professional Business Solutions that attain results.
  • We do not sell products. We sell a unique and bespoke Consulting Service that will bring value to your business venture/idea.
Mon-Wed 08:00 AM - 4:30 PM
Thu-Fri 08:00 AM - 4:30 PM
Sat-Sun Closed

We offer the depth of resource and specialist skills of a national practice but remain dedicated to the personal approach. We are committed to genuinely understanding the challenges you face and the value of high quality, proactive business advice.

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