our services

Our products description

  • Annual Financial Statements
  • Consolidations
  • Fixed Assets Management
  • Management Accounts
  • Budget and Forecasting
  • Variance Analysis
  • Reconciliation
  • Tax (company and individuals, e-filing)
  • Project and cost accounting
  • Financial turn-around strategies
  • Bookkeeping

Our detailed services

Financial reporting

Consolidation – we process journals to enter adjustments to account balances and maintain an audit trail of changes to your data. These indicate which user made adjustments and which accounts, entities, and time periods are affected. Our process flow entails

  • Recording Intercompany Loans.
  • Charge Corporate Overhead.
  • Charge Payables.
  • Charge Payroll Expenses.
  • Adjusting Entries.
  • Investigate Asset, Liability, and Equity Account Balances.
  • Review Subsidiary Financial Statements

Reconciliations – the process flow for our clients normally compares two sets of records to check that figures are correct and in agreement. Reconciliation also confirms that accounts in the general ledger are consistent, accurate, and complete.

Bookkeeping

This involves accurate financial record-keeping that helps organisations to keep track of their income and expenditure, and to make sure that they stay within budget.

  • Post journal entries to ledger accounts.
  • Trial balance.
  • Bank reconciliations.
  • Cash flow statements.
  • Preparation of financial reports.
  • Issue invoice for money that is accrued/owed to the organisation.
  • Pay accounts on behalf of the organisation.
  • Perform payroll administration duties

Financial Statements

We prepare client’s full set of financial statements of an enterprise which includes, Statement of Financial Position (balance sheet), Statement of Comprehensive Income (income statement), Statement of Cash Flow, Statement of Changes in Owners’ Equity as well explanatory Notes to Financial Statements.

Management Accounts

We prepare Management Accounts for our clients to help management in decision making for planning and performance management systems. We provide expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. 

Asset Register

  • Compiling of fixed asset registers (disposals and acquisitions)
  • Assets Barcoding
  • Depreciation and amortisation

Audit

We provide;

  • Audit of Financial Statements
  • Independent Reviews
  • Forensic Accounting

Budget Planning and Forecasting

Budget is a plan for where a business wants to go, while a forecast is the indication of where it is actually going. At Matsena Accountancy & Advisory we provide guidance on the performance of the entity’s actual costs and revenue against the budget, analyse the variances and trend to produce accurate financial forecast reports.

We assist organisation in the preparation of both capex and operational budget for short- and long-term periods.

We use budgeting tools such as Activity Based Costing (ABC), fixed and variable costing as well as Flexed budgeting depending on the entity type and its cost drivers.

We align budgeting and financial forecasting to work in tandem with each other in order for management to be able to make an informed financial decision

Accounting Systems

 

We provide professional services on policies and procedures that are designed to ensure the continued reliability of accounting systems. We believe that Accuracy and reliability are paramount in the accounting world

VAT

Currently SARS requires that a vendor making taxable supplies of more than R1 million per annum be registered for VAT. However, there are rules and regulations governing who may qualify for registration as a Vat vendor.

We provide professional service in this regard thereby assisting in the completion of VAT returns, registration and filing.

We assist our clients in e-filing registration and filing of annual returns