Accounting & Bookkeeping
Day-to-day transaction recording, bank reconciliation and VAT compliance — records always in perfect order.
Accounting & Bookkeeping
Efficient and accurate bookkeeping services are the foundation of successful financial management. Our team handles your day-to-day financial transactions, ensuring that your records are up to date and in compliance with the latest regulations.
At JM Tax and Accounting, we understand that efficient and accurate bookkeeping is the cornerstone of successful financial management. Our bookkeeping services are designed to help businesses, both large and small, maintain up-to-date financial records, ensuring accuracy, compliance, and financial transparency.
What we take off your plate
Day-to-Day Transaction Recording
We meticulously record every financial transaction your business makes, ensuring that all income, expenses, and other transactions are properly categorized. This allows you to have a clear view of your financial position at all times.
Bank Reconciliation
Our team reconciles your bank accounts with your internal financial records to ensure that all transactions are captured and discrepancies are addressed promptly. This process helps identify and prevent fraud, errors, and mismanagement.
Accounts Receivable & Payable
We manage both your incoming and outgoing payments, ensuring timely invoicing and collection of payments from clients while making sure your business meets its obligations to suppliers. This optimizes cash flow and helps you avoid penalties from missed payments.
Expense Tracking & Categorization
We monitor and categorize your business expenses, making it easier to identify tax-deductible costs and areas for potential savings. Our expense tracking helps you keep a clear record of business costs for tax and reporting purposes.
Financial Reporting & Analysis
JM Tax and Accounting provides regular financial reports, including income statements, balance sheets, and cash flow statements. These reports offer a clear view of your financial health, making it easier to make informed business decisions.
VAT & Tax Compliance
Our bookkeeping services include tracking and recording VAT transactions, preparing VAT returns, and ensuring compliance with the South African Revenue Service (SARS) and other tax authorities. We handle the complexities of VAT calculations, allowing you to focus on your business.
Monthly Accounting & Payroll Packages
Three tiers, from annual compliance essentials to a full outsourced finance function. Prices on application.
| Feature | Compliance & Reporting | Outsourced AccountantPopular | Financial Management |
|---|---|---|---|
| Processing Monthly Transactions from Bank Statements (non-VAT registered companies) | Included | Included | Included |
| Provisional Tax Returns | Included | Included | Included |
| Annual Income Tax Return | Included | Included | Included |
| Annual Tax Clearance Certificate | Included | Included | Included |
| Annual BEE Certificate | Included | Included | Included |
| Annual CIPC Earnings Return | Included | Included | Included |
| Annual Financial Statements | Included | Included | Included |
| Monthly Payroll – 10 Employees | Not included | Included | Included |
| Processing Monthly Transactions for VAT-registered companies | Not included | Included | Included |
| VAT Calculations | Not included | Included | Included |
| Monthly Management Accounts | Not included | Included | Included |
| Bi-Monthly VAT Submissions | Not included | Included | Included |
| Monthly PAYE Submissions | Not included | Included | Included |
| Bi-Annual EMP501 Recon Submission | Not included | Included | Included |
| Monthly Financial Analysis | Not included | Not included | Included |
| Cash flow Management | Not included | Not included | Included |
| Get Started | Get Started | Get Started |
Why JM Tax and Accounting for Accounting & Bookkeeping
Whether you're a small business looking to keep track of your expenses or a large corporation in need of comprehensive financial reporting, JM Tax and Accounting has the expertise to streamline your processes and ensure your financial records are always in perfect order. Let us handle the numbers so you can focus on what you do best.
- Accuracy. Our attention to detail ensures that your financial records are always accurate and up to date.
- Time-Saving. Outsourcing frees up your time to focus on what matters most—growing your business.
- Compliance. We stay informed about the latest financial regulations and tax laws to ensure your business remains compliant.
- Cost-Effective. Our services help you avoid costly financial mistakes while providing affordable solutions tailored to your business's needs.