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Remote Accounting support

xRemote

We have introduced a new service to fill the gap for a lot of small- to medium businesses that process and handle their own accounts, but may:  

 

Not have the time to do in-depth reconciliations

  • Inter-company loans.
  • Director/Shareholder loans.
  • Balance sheet accounts.
  • Customer and Supplier account queries and variances.

Be unsure regarding VAT processes or how to adequately prepare and recon VAT

  • Easier ways to prepare VAT reports.
  • Confirm that VAT is accurate.

Want peace of mind that their records are correct and everything is in order

  • General account maintenance.
  • Lessen year end journals.
  • Assist in processing year-end journals.
  • Assist in processing complex journals (forex, sale of assets, etc).

Small Businesses who utilise Cloud Accounting software can utilise this service to ensure:

  • Accurate classification.
  • Bank recons are balancing.

Remote Accounting Services (RAS) is aimed at Small to Medium Enterprises who can perform the services directly on the client’s accounting software remotely (Ultra Viewer or Team Viewer or similar).

In essence it is a review service for Businesses, Entrepreneurs, Professionals and Sole Proprietors who maintain their own accounting records and prepare their own tax returns.

Should the client require the electronic device, the reports can be sent electronically, to us, in order for us to perform the work, while day-to-day tasks do not fall behind.

ONCE-OFF FEE STRUCTURE

  • 1 Hour: R500.00/hr.
  • 2 Hours: R500.00/hr.
  • 3 Hour: R425.00/hr.
  • 4 Hours: R425.00/hr.
  • 5+ Hours: R350.00/hr.

Once-off fees are for clients who:

  • Are uncertain of their needs.
  • Only prefer the service during tax seasons and year-end finalisations.
  • Would like to get re-assurance that forms (VAT, Income tax, Provisional, EMP501’s) are prepared correctly.

MONTHLY FEES STRUCTURE

TWO-MONTHS PACKAGE

  • 2.5 Hours over two months: R850.00 (R340.00/ph).
  • A contractual notice period of 30 days applies.
  • Hours not used cannot be carried over beyond the two-months period.
  • Additional hours required during the two-months period will be charged for at R400.00/hr.

MONTHLY PACKAGE – HALF DAY

  • 4 Hours over a period of one month: R1 150.00 (R287.50/hr).
  • A contractual notice period of 30 days applies.
  • Hours not used cannot be carried over beyond the one-month period.
  • Additional hours required during the two-months period will be charged for at R340.00/hr.

MONTHLY PACKAGE – FULL DAY

  • 9 Hours over a period of one month: R1 825.00 (R202.78/hr).
  • A contractual notice period of 30 days applies.
  • Hours not used cannot be carried over beyond the one-month period.
  • Additional hours required during the two-months period will be charged for at R250.00/hr.

Monthly fees are for clients who:

  • Have specific needs.
  • VAT needs to be monitored closely:
    – Internal reconciliations.
    – Submissions.
    – Follow-ups.
  • Sensitive Balance Sheet accounts need to be monitored.
  • Monthly management accounts are needed:
    – We will prepare these.
    – Monthly account movement inspection.
    – Monthly cashflow inspection.
  • Stay up to date on taxes that will become due.
  • Ensuring overall accurate classification of transactions.
  • Month-end journals.
  • Keeping asset registers up to date.

What is not included:

  • Monthly processing of accounts
  • Payroll preparation and submissions.
  • Preparation, compilation/Independent Review of Annual Financial Statements.
  • Actual submission and preparation of income tax returns.

– Salim Khan

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