Businesses are required by law to retain accurate accounting records in the prescribed manner ready for an inspection or audit for up to 7 years. Moreover, the financial records of business-speak volume about how it is managed as owners are able to use the records to track income & expenses. Ukuphila Kwezwe Accountants provides holistic bookkeeping support that covers today’s compliance reporting requirements whilst analyzing the financial data accumulated to formulate financially backed strategies for tomorrow’s prospects.
Registered companies are required by law to prepare annual financial statements (AFS) within 6 months of the company’s financial year end. Annual financial statements provide information, in a structured manner, about an entity’s financial position, performance & cash flows. Ukuphila Kwezwe Accountants assist in drafting annual financial statements in according to the applicable International Financial Reporting Standards (IFRS) to ensure that they are useful to a wide range of users looking to make economic decisions about your business.