Your annual financial statements are the foundation of your tax return, your bank's credit decision, and your business's legal standing. We prepare them accurately and on time.
Every registered company in South Africa must prepare annual financial statements within 6 months of its financial year-end. Non-compliance can trigger CIPC penalties.
Banks require AFS for business loans. Landlords ask for them to secure commercial leases. Investors expect them before due diligence. A clean set opens doors.
We track your financial year-end and work ahead of it — so your AFS, tax return, and CIPC annual return are filed on time, every time, without chasing you.
We don't just produce numbers — we produce a complete, IFRS-compliant document set that your bank, your accountant, and SARS can rely on.
Assets, liabilities, and equity — your balance sheet, prepared in IFRS for SMEs format.
Revenue, expenses, and net profit for the year — the document SARS uses to verify your ITR14.
How your retained earnings and share capital moved during the year.
Operating, investing, and financing activities — required under IFRS for SMEs and often requested by lenders.
Accounting policies, fixed asset schedules, director's loan accounts, and all required IFRS disclosures.
Signed director's responsibility statement — required for all Pty Ltd companies.
SAIPA-member issued report confirming the AFS were compiled in accordance with ISRS 4410.
Your AFS figures feed directly into your corporate income tax return — we handle both together so nothing falls through the cracks.
Requirements differ by entity type. We know the rules for each and prepare your statements accordingly.
The most common structure for South African businesses. AFS required within 6 months of year-end. Director must sign off.
CCs still require annual financial statements under the Close Corporations Act, even if no new CCs can be registered.
Not legally required, but practically essential — banks, landlords, and SARS all benefit from seeing structured financials.
We run the process — you review and sign. Most clients spend less than an hour of their own time on this.
We access your Xero file (or request trial balance + bank statements) for the financial year.
All statements, notes, and the compilation report are prepared in accordance with IFRS for SMEs.
We send you a draft to review. You sign the director's approval — digitally or physically.
We submit your ITR14 to SARS using the approved AFS figures. You get confirmation.
No accounting jargon — just straight answers.
Most small Pty Ltds and CCs only require a compilation report (prepared by a qualified accountant). However, the Companies Act sets out three tiers based on your Public Interest Score (PIS): a PIS below 100 requires only a compilation; a PIS of 100–349 triggers a mandatory independent review under Companies Act Regulation 28; and a PIS of 350 or above requires a full audit. An audit is also required if you're a state-owned company, or if your MOI specifically requires one. We'll calculate your PIS and tell you exactly which applies to your business.
Companies Act: AFS must be approved within 6 months of the financial year-end. SARS ITR14: due within 12 months of year-end. We track both deadlines on your behalf and flag you well in advance.
Yes, but we'll need to do a bookkeeping clean-up first, which adds time and cost. The cleaner your records, the faster and cheaper the AFS preparation. If you're on Xero with monthly processing, this is usually not an issue.
Yes. Our compilation reports are issued on SAIPA letterhead in the standard ISRS 4410 format that South African banks accept. We can also provide a letter of good standing or confirmation of tax compliance if required.