SKYTRAX ACCOUNTING AND PAYROLL SERVICES

Accounting Services:
o Processing of invoices
o Bank and petty cash processing and reconciliation
o Journals and reconciliation
o Detailed general ledger
o Debtors billing, processing, reconciliation and age analysis review
o Creditors processing, reconciliations and age analysis review
o Maintaining the fixed asset register and wear and tear register
o Forex accounting for all imports and export transactions
o Preparation of budgets and monthly management reporting accounts and monitoring of actual results against the budgets provided with fully documented business advice
o Income statement and Balance Sheet preparation done monthly/quarterly/annually
o Complete year end procedures required for the external audit to ensure compliance with International Financial Reporting Standards
o Completion of VAT calculations and submission of VAT 201 forms to SARS
o Trust bank account accounting services provided for Law Firms and Real Estate Agencies to ensure compliance with the various Board requirements

Payroll Administration services include:
• Complete payroll processing, payslips and remuneration list done for weekly, monthly and fortnightly employees
• Monthly payroll reports generated for management purposes
• Monthly calculation of PAYE,SDL and UIF prepared, completed and submitted
• Preparation of IRP5 and IT3 certificates
• Preparation and submission of bi-annual EMP501 reconciliation (Easyfile)

Business Management Planning and Risk Identification services include:
• Preparation of annual/quarterly/monthly budgets
• Direct cash flow accounting services to manage all monthly financial planning and forecasting activities
• Setting up of internal controls to ensure a healthy profitability for the company.